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.
With the exception of well-established operators with proven reserves and years of field experience, the high price of gold brought a flood of speculators, con men, and real estate brokers into the mix who were not previously engaged in the gold mining market.
While river dredging in fast water, don’t be afraid of being swept out of your dredge hole by the current. If this happens—and it most certainly will in fast water—there is no need to panic. Don’t try to swim against the current because you will waste much energy in an effort to conquer the river. Just let it take you downstream.
When it was all setup and running, you had everything coming off the dredge riffles into the boil box. At the hole section, some of the water got sucked down and pulled a lot of black sand and over heavies…
In part one of this two-part series on gold in Guyana, I describe artisanal mining efforts currently winning alluvial gold from small-scale placer operations located along the lower Puruni River and its tributaries.
We were met with a plethora of mechanical problems with the dry washer and even a few with the excavator that were at times frustrating, but we were in this for the long haul, so we needed to solve these problems and move forward.
Federal and state regulatory agencies often cite mercury and methyl mercury in our waterways as a major factor for further restrictions on placer mining, and on suction gold dredge mining, in particular. However, these regulatory agencies are minimizing selenium and its neutralizing effects.
Through a program that began in 2011, Barrick Gold Corp.-owned Golden Sunlight has paid out more than $45 million to small miners in the last seven years...
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