DIGHEM Interp...
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- Jim_Alaska
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Re: DIGHEM Interp...
Easy Goer, since you said, "my area of the world". are we to understand that you do not live in Alaska?
Jim_Alaska
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lindercroft@gmail.com
Administrator
lindercroft@gmail.com
- Jim_Alaska
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Re: DIGHEM Interp...
Great information in your last two posts Chuck. Anyone serious about prospecting would be remiss to not copy this and print it out for future reference.
Jim_Alaska
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- Micropedes1
- Copper Miner
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Re: DIGHEM Interp...
My close association with Chuck began some 3 years ago on the old forum. At that time, he managed to pique my interest after going thru a similar discussion on the old prospecting forum. He genuinely tried to show the merit of this new electronic mining methodology, but it is too far from accepted ways of prospecting to interest the common miner. They seem to want something tangible at the end of a search; more akin to prospecting with a shovel and a pan for surface gold. He has been right about one thing, for sure. The old timers were thorough; they pretty much checked it all. Then settled down to mining the richest deposits.
Those richest surface deposits have been mostly mined out. Or at least high graded. What some overlook is that there were many minor deposits found, evaluated as uneconomical to mine at the current prices, or too small to interest the major developers. Although prices have increased dramatically, the same level of economics still holds true. The big players are still looking for deposits that will keep operations going for several decades.
So, what happened to all those minor discoveries that were too insignificant to interest the major players? I am sure that many have been cataloged and the information recorded within some mining company's archives. I myself know of several lower grade deposits that cover an extensive area, but the economics of recovery make them not worth mining...yet. I even managed to come across a couple more in a major player's released documents that they deemed so insignificant as to not be of value to them. Both showed as minor deposits of copper and zinc with traces of visible gold. I sampled and recorded the location for future reference. When the time comes, I may try to market the knowledge, along with the sampling results and testing as Chuck has suggested.
There is more than one way to make a profit in the gold business.
Those richest surface deposits have been mostly mined out. Or at least high graded. What some overlook is that there were many minor deposits found, evaluated as uneconomical to mine at the current prices, or too small to interest the major developers. Although prices have increased dramatically, the same level of economics still holds true. The big players are still looking for deposits that will keep operations going for several decades.
So, what happened to all those minor discoveries that were too insignificant to interest the major players? I am sure that many have been cataloged and the information recorded within some mining company's archives. I myself know of several lower grade deposits that cover an extensive area, but the economics of recovery make them not worth mining...yet. I even managed to come across a couple more in a major player's released documents that they deemed so insignificant as to not be of value to them. Both showed as minor deposits of copper and zinc with traces of visible gold. I sampled and recorded the location for future reference. When the time comes, I may try to market the knowledge, along with the sampling results and testing as Chuck has suggested.
There is more than one way to make a profit in the gold business.