Large Scale Mining
I had a chance to visit the operation in person and talk with Neal. I was very impressed and I think our readers could learn a lot about building up a commercial placer operation from scratch…
One of his friends had 700 feet of small-gauge mine track and a hundred-year-old track bender laying out in his back 40; plus he also wanted to join the team. Perfect.
They tend to be big, coming in large to extremely large sizes. They can also be amazingly rich and produce huge amounts of very high-grade ore.
Silver recovery from low-level solutions is frequently done in a cell that has a cathode with 2 to 5 or more times the surface area as the anode.
Just recently, the miners hit another big pocket, this time with nearly 1,000 ounces of gold. Some of the rich specimens were as big as a fist and others were in the form of smaller pieces.
Recently, a left-leaning Arizona federal judge, James Soto, who is an Obama appointee, shut down a proposed copper mining project for the flimsiest of reasons. He basically disregarded and rewrote federal mining law.
“The evidence is clear—mineral deposits alone are not enough to attract precious commodity investment dollars...”
Please note that new mining claims filed on or after September 1, 2019, will be subject to the new fee schedule.
Knowing how and when to deduct the cost and expenses of the vehicles used in the prospecting or mining operation can have significant tax implications.
The Oatman/San Francisco Mining District’s historic gold production of 2.2 million ounces of gold since the 1880s makes this area Arizona’s greatest primary gold producing district.
This is the point where you might ask, “What do these types of contracts typically look like and how are they negotiated?” Well, that is the topic of this month’s article.
Critical minerals are products that the government has designated as critical to our national interest because of both their potential military and industrial applications.
We sent them a lot of information, including my presentation about the area and its potential. We were excited to learn a couple weeks later that the company was interested in the property.
The non-toxic thiosulfate is actually the medical antidote given to people for cyanide poisoning. By accomplishing both neutralization and metals recovery, this process creates an economic and environmentally attractive process.