Why Did This Silver Mine Close? - Pt III
December 2014 by Bill RichNarrowing down a closure date will allow you to check the commodity price during that time and possibly confirm that a low price, rather than a lack of ore, was the driving force that closed the operation.
Gold can potentially be found in all the glaciated areas of the Midwest, but to find it in any appreciable amount one needs to look to areas where the gold gets concentrated by more recent water flows.
These were the men who periodically picked up the gold amalgam from the tables and sluices in the dredge, processed it, and transported the gold ingots to the railroad express office in Alder. Their trustworthiness must have commanded a prominent wage.
In some ways, silver is the forgotten precious metal because it straddles both the world of precious metals and jewelry, while having many important industrial applications like a base metal. The price of silver reflects both the precious metal investment demand as well as the industrial demand.
Most gold-bearing veins in this region are controlled by fractures associated with the Melones Fault, a late Cretaceous structure that is 108 to 127 million years old.
For a time uranium was more popular with prospectors than gold, but this is no longer true, and it has been decades since it was common to see individuals armed with Geiger counters out in the field.
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.
The Bawl Mill • Legislative and Regulatory Update • Ask The Experts • Ask The Experts • Ask The Experts • Uncovering the Find of a Lifetime • Suction Dredging Battle Escalates • Guinea Africa: Gold, Ebola, and a Monkey Barbecue • Finding Gold in Tailing Piles • Small-Scale Processing of Hard Rock Ores • 2014 Index - Annual Tables of Content • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices