Anyone see 'Gold Rush Alaska?' Now there is an example of wanabe prospectors who should have read a few books about gold mining, or at least hired a consulting geologist or mining engineer. Never run out and buy a $million in mining equipment and then find a place to use it. This is the exact opposite of how one prospects and mines for gold. First find a place, drill it and establish resources in an ore zone or pay streak, then buy the equipment. Also, one should never bet on a commodity that they know nothing about - such as diamonds. Yes, rough diamonds are valuable, but only those that are gem quality and of substantial size. Not little tiny stones in South America.
CLASSIFICATION OF GOLD DEPOSITS
There are many geological designations and classifications of gold deposits. For prospectors and government, a simple classification scheme is used: (1) placer gold, (2) lode gold, and (3) leasable gold (Hausel, 2001). Examples of placers include Nome and Flat, Alaska, the Yuba River, California, Alder Gulch, Montana; Douglas Creek, Big Atlantic Gulch and Rock Creek, Wyoming. Famous lodes include the Mother Lode, California and the Homestake, South Dakota. In Wyoming, some lodes include Miners Delight, Carissa and Mary Ellen in the Wind River Mountains. Leasable deposits are those that are available to lease from State government, private mineral estates, reservations, etc, and these include both placers and lodes. One example would be the Copper King gold-copper deposit near Cheyenne that is located on a school section. Even though this would be considered a lode deposit, it is located on State of Wyoming land and cannot be staked and would have to be leased from state government.
|Faulted quartz vein (lode) exposed in bedrock (metatonalite) on the|
120-foot level of the Mary Ellen gold mine, South Pass