What To Look For—And Look Out For—In A Placer Mineral Report
May 2015 by Jim HalloranBuying a placer claim or investing in a placer mining property comes with plenty of financial risks. You need as much information as possible about the mineral deposit in order to minimize those risks.
Imagine you have located a source of virgin placer ore containing immense gold value. Now imagine that there is a 10-ton monolith of extremely hard gneiss in between you and payday.
The big moment finally arrived. With Norm suited up, I pulled the motor to life and felt instantly better. There’s really something relaxing about the sound of a dredge running—they don’t sound like anything else.
When I started dredging a short distance downstream from that feature I realized that I was into a major paystreak and much of the gold was coming right out of the upper gravel. I could see the chunky pieces falling out of the gravel as they were pulled into...
A Wilfley table works best when all of the mineral being run across it (the pulp) is about the same size. For this reason, I took a good look at each of the samples.
In processing gold, silver and other valuable ores, the minerals containing the values, such as metallic gold, silver-bearing sulfides or other minerals, must be freed from the surrounding host rock before those valuable minerals can be captured.
I had never run an impact mill before, but anything involving rocks, water and a big electric motor sounded great.
The biggest obstacle is that like many streams on the Kenai Peninsula, high water during the summer months from snow melt and rain can make dredging nearly impossible. The best dredging is in the colder months of the year.
The Bawl Mill • Ask The Experts • Ask The Experts • California's Mother Lode Quartz Veins • Key to Successful Prospecting: Confidence • Additional Note on Bluff's Beach • Surface Indications Of Quartz Adularia Epithermal Deposits • Montana’s Rosetta Stone: Discovering Mines In The Treasure State • Perception of Mining vs. Reality • Partnering for Tax Savings • Over The Divide: Charles Lewis Garrett • Piggin' for Gold • Mining Stock Quotes and Mineral & Metal Prices • Melman on Gold & Silver