Posts Tagged ‘Finding Gold’

Alaska Gold Rush

Written by admin on September 9th, 2009. Posted in Finance

G M Stephens asked:


A modern day gold rush is underway. With gold prices at an all time high more and more gold seekers are heading into the gold mining fields of Arizona, Nevada, California, New Mexico, Alaska and many other places across the U.S. and other gold bearing areas of the earth. In the gold mining and prospecting world you can now routinely hear of men and women gold seekers spending thousands of dollars on gold mining and prospecting equipment they have never used, having no experience finding gold and buying worthless gold mining claims with hopes of striking it rich. Those who are mining the miners are in the real gold.

Recreational gold mining and prospecting has become a popular outdoor recreation in a number of countries, including New Zealand (especially in Otago), Australia, South Africa, Wales (at Dolaucothi and in Gwynedd), in Canada and in the United States especially in western states but also elsewhere. Recreational gold mining is almost entirely small-scale placer mining.

Placer gold mining is the mining of alluvial deposits (deposits of sand and gravel in modern or ancient stream beds) for minerals. This may be done by open-pit (also called open-cast mining) or by various forms of tunneling into ancient riverbeds. Excavation may be accomplished using water pressure (hydraulic mining), surface excavating equipment or tunneling equipment.

The name derives from Spanish, placer, meaning “sandbank.” It refers to mining the precious metal deposits (particularly gold and gemstones) found in alluvial deposits. The metal or gemstones, having been moved by stream flow from an original source such as a vein, is typically only a minuscule portion of the total deposit. The containing material may be too loose to safely mine by tunneling. Where water under pressure is available, water under pressure may be used to mine, move, and separate the precious material from the deposit.

Gold mining and prospecting activities allowed on public lands vary with the agency and the location. Gold pans and shovels are commonly allowed, but sluice boxes and suction dredges may be prohibited in some areas. The Department of Agriculture in the U.S. is now of the view that recreational gold panning and gold prospecting in national forests is permitted provided that no machinery or explosives are used, no waterways are diverted, and no permanent or semi-permanent structures are built. There are public mining areas in many states, and prospecting may allow one to stake a gold placer claim or other type of gold mining claim in certain areas. Some public lands have been set aside for recreational gold panning. Some private land owners also give permission for small-scale gold mining.

The Gold Prospectors Association of America (GPAA) is an organization dedicated to finding and mining gold on a small or recreational scale. It has gold claims across America and members can work the claims for a yearly fee. The club is headquartered in Temecula, California. Most, if not all GPAA activities are in the United States. The organization was founded in 1968 to preserve and promote the great heritage of the North American Prospector. The association greatly frowns upon mining methods that harm the environment, and is against anti-prospecting bureaucracy.

The beauty of this new gold rush is we get to experience it and see the successes and failures as they unfold in the gold fields. Gold Mining and prospecting equipment sales are at an all time high, advertising in gold prospecting and mining magazines is being sold at premium prices and the BLM is processing more gold claims than anytime in the last 20 years. Metal detectors costing $4,000.00 plus designed for gold are selling like gold pans in the days of the gold rush of the 1800s. This is a very exciting time to be a gold prospector.



gold metal detectors

Up gold and the downturn turn both wholesale businesses and individuals into gold hoarders

Written by admin on February 25th, 2009. Posted in Business

gao asked:


As economic situation significantly influncing most market sectors, from wholesale to department stores, and the unemployment rate climbing to 11% in California, a new tide of gold hoarding has come on the scene. Those people who unfortunately lost their jobs began to take their chances of finding gold along the river banks of California. Either individual buyers or wholesale businesses are now purchasing gold as a guarantee against a sinking stock market. The economic slowdown and rising gold prices have inspired a tide of gold prospecting.

Gold mining is the process to get gold from the ground. As gold is largely nonreactive metal, In the ordinary course of things it is found in a pure state. Yet it is not easy to locate the areas where gold presents and to obtain it from the earth. There are some methods to scan gold. The most commonly used one among gold mining amateurs is the gold scanning technique. The principle is that gold is a metal and will sink at the bottom of the solution. People fill the pan with water and the floating impurities are thus removed. Using the skill, gold diggers return home with gold in their packs.

The technique introduced above is just a primordial method. Some gold exists deeply in the rock and does not present on the earth crust. Some skills like using metal detectors are there to verify the presence of gold. Then computers are used to precisely pinpoint the volume of the gold. With mechanical method of digging out the ore in which gold presents, the sample is delivered to the labs for experts to analyze if it is a rewarding business activity. In addition, the explorer must get governmental permissions. To obtain qualified gold, further chemical techniques including cyanide processing are employed|used|taken.

It is reported that citizens in America purchased 77 tons of gold items last year, which was 42 percent higher than that of 2007. The prices for gold have reached approximate 900 USD per ounce.

For jewelry wholesale and retail store runners, it is more practical to buy and recycle old fineries than promoting new pieces to the shoppers



gold dredge