History & Geology
While a large number of locations have yielded some placer gold, most of the state’s placer production has come from a few productive districts.
In 1967, a local resident showed me a pouch of small gold nuggets and flakes. Several years later I asked the same person where that gold was found. He responded, “From the streambed below the old stamp mill at Apex.”
The placer deposits of Utah occur in two distinct types of environments. These are 1) placers found adjacent to, and derived from, gold, silver and base-metal deposits; and 2) placers found in major rivers and derived from unknown, distant sources.
The other opportunity that I see is in seeking unusual types of deposits. Specifically, the prospector would be searching for the stuff no one (or almost no one) is searching for. These deposits are effectively hiding in plain view.
It is not necessary to have a PhD in geology, but you need to know the basics, so that’s what I am going to try to dig into here—the understandable basics of these gigantic gold deposits.
Gold is a fairly widespread mineral in the Italian Alps and in the Northern Apennines. It is found both in primary mineralization and in past and recent floods.
…it was immediately evident the previous owner had not been using a detector. During just a few months of working the dumps part-time, he recovered gold in quartz specimens valued in excess of $40,000.
There is a major change coming in the economy of the world and now is the time for prospectors and miners to grab a ticket and get on board.
A treasure-seeking young man whose name will forever remain anonymous made the months-long journey either over land or by sailing ship to California after word spread about the gold strike in 1849.
This mine was a real wonder of engineering, and the water supply and drifts had to be carefully managed to keep it in operation. In fact, it didn’t close due to lack of gold, but instead closed with the fall of the Roman Empire.
In this second part on cobalt, I will take a look at the various types of cobalt deposits and how you can prospect for them. Who knows—perhaps the next big cobalt strike will be yours.
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 gold is all for sale. Just one tiny coin alone could go for $1 million because of its combination of rarity and the history behind it...
Has your experience ever led you to wonder why some gold is deposited on bedrock and in crevices, while other gold is not? We’re going take a deeper look at this and see what we can figure it out.