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.
Everyone has heard of the golden beach at Nome, but Nome did not have the richest beach.
Unfortunately, not all the gold that we prospectors find is pretty, or appealing to the eyes. They are not all nice, bright, shiny nuggets with lots of character that carry high collector value.
After your excitement peaks when you first receive the high gold assay from the vein you just exposed, you ponder how you will extract and sell your gold. You will need to develop a flow sheet for your process to optimize your recovery and minimize your costs and permit requirements.
Not long after this, I was camped out with the geologist beside the Similkameen River where he showed me the evidence that an ancient channel existed on our claim.
I am going to suggest dozens of ways you can increase suction power, dredge to greater depths, and improve recovery methods in your sluice box.
Gold mining has received many black eyes from many scams, scammers and schemes throughout the years. Unscrupulous scammers have swindled naive people for millions of dollars in the past and will, no doubt, continue into the future.
Historically, Montana has been an important gold producer, in terms of both lodes and placers, and it still produces gold for the prospector today.
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