When Legends Were Made and Fortunes Found
August 2011 by Roger O. WalkerSylvester Smith and his younger brother Nathan were among this group who rode and led their Indian ponies, while climbing the rugged Salmon River breaks and rockhewn mountains, looking for a path that would lead them up and over the uncharted wilderness.
While the bullion value of the nugget is already substantial, the size and rarity of the Ausrox Nugget combine to make its worth invaluable in the collector market.
...two jadeite locations in California have been thoroughly researched by geologists. There are no doubt others that lie in wait.
Palladium may well be an underexplored element and therefore an opportunity for prospectors and geologists. This is because they are often less than obvious and other than the native metals, a chemical analysis of samples is required to identify PGM-enriched rocks.
Silver nuggets have been described as “ultra-rare,” “prized” and “unique.” Naturally occurring silver nuggets are rare enough to suggest caution when purchasing. Fakes have reportedly been produced and misrepresented for sale as genuine specimens.
Until just recently, platinum-group metals (PGMs), especially palladium, had been holding their own on the market. But, Russia has now resumed shipments and it has brought prices down.
The interesting thing about the Mother Lode area is that we can pretty much find at least a little gold in any creek or river (and even in some of the many dry gulches).
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 • Our Readers Say • Legislative and Regulatory Update • Ask The Experts—Studies with summaries and conclusions please... • Ask The Experts—What's the cheapest way to mine quartz for gold? • Which Specific Gravity Test Works Best? • Critical Minerals: Gold • Jury: Gov't Rightfully Seized 1933 Gold Coins • So Where's The Gold? • Wyoming's Billion Dollar Nugget—The Trilogy Ends • Exploring and Mining for Uranium • Melman on Gold & Silver • Mining Stock Quotes & Mineral and Metal Prices