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.
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.
Gold discoveries in the Montana territories sparked a frantic stampede to these bonanza destinations in the early 1860s. Hughes Creek is located in Ravalli County, which is located in western Montana, and the gold here is...
We panned out maybe three gold pans of the material and we were shocked at the gold that was there. This rock appeared to be rich.
Centrifugal bowls are very efficient, and with proper operation they can consistently achieve gold recoveries above 95% with gold of about 50 mesh size.
My partner had the contacts and it wasn’t long before we had an agreement in place and the company had a geologist on site. I recall a time when he was getting the lay of the land, so to speak, and he broke off a rock sample and inspected it with his magnifier.
Even though they have put down thousands of dollars, the buyers often stop paying on their claims part way through the process after they realize they’ve been duped, but the company just sells it again to another buyer.
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…
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