Reno Chris Posted March 3, 2007 Report Share Posted March 3, 2007 In the old days, most prospectors who searched the hills for gold were looking for both hard rock and placer deposits. Hard rock deposits were sometimes developed and worked by the individual discoverer, but larger deposits could be leased or sold to a mining company with the capital resources to work those larger deposits. In our times, small scale hard rock mining is all but dead, but the possibility remains that interesting gold claims can be leased or sold to gold mining companies. Now to do this, the hard rock prospector must find a deposit that would be interesting to a large mining company. The capital investment in this type of project is huge, so big mining companies are not interested in little veins that might contain a few thousand ounces of gold. They are interested in deposits that may contain many hundreds of thousands of ounces, preferably ones with more than one million ounces. This limits and defines what types of claims are marketable, but its still possible to find such locations. Itâ€™s just not easy. The prospector that wants to stake marketable claims is competing with the mining companies themselves, and they are armed with Phd. geologists, big exploration budgets and full staffs of trained, experienced exploration personnel. There are no dealers to help you get going, no forums full of friendly folks to help you get started. Its cut throat, secret and you are on your own â€“ but there are folks who do this type of prospecting for a living. Nevada is a great place to look for the types of deposits big companies are interested in, and good finds are still being made here. Iâ€™ve wanted to participate in this arena for years, but until recently prices just didnâ€™t cause the big companies to be interested in serious exploration. Well, the price of gold and silver have changed that! Together with my father and uncle, I staked some claims in northern Nevada in 2003. It was our intent all along to market these to an exploration company, and we have recently completed the deal, and the Wind Nos. 1 â€“ 10 claims are now in the hands of a company by the name of Fortune River.I know Iâ€™ve found something big in these claims, but I donâ€™t know for sure if itâ€™s a 500,000 ounce retirement nugget or a 20 million ton hunk of leaverite! Only the drill rigs and time will tell for sure.Iâ€™ve done up a full web page to tell the whole story of these claims, with geology maps, photos and lots of information. Check it out at:Wind Mountain Gold MineThe press release for the deal appeared on Kitco and can still be seen in their database at:Fortune River Press release on KitcoThe Fortune River Corporate web site is at: http://www.fortuneriver.caWell, My goal for this year is to do it again â€“ to stake some more claims, put them out for lease and complete another deal. I think Iâ€™ll be doing some more hard rock prospecting this year.Chris Quote Link to comment Share on other sites More sharing options...
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