Monday, January 3, 2011

Understanding Mining Claims and Old Digs

 A common mistake that many new miners prospectors do is assuming that each claim they see, whether lode or placer gold. They are also valid for the old mines and prospects.

The old timers were a different race than we are today. Back in the 1800s and early 1900s the former miners and prospectors not spend time on something that they believed they were paid or payable. And if a belief, it is better to turn to reality pretty quickly. If they spent the time to do something, it was profitable.

When it came to gold they often "pocket" hunted. What that means hunters will find pockets and working rich pockets of gold. Once they moved pinched.

To return to the first paragraph. As we wonder deserts and forests that we often see many searches. Some of them were for the war effort. The U.S. war machine needed copper, tungsten, etc., to be victorious. Often companies would send large exploration teams on the sample in areas susceptible. Sometimes it worked, often it does not. But he allowed a search, and unless you have good geological knowledge you can lose a huge amount of time something is running and it never was.

Lode claims may be filed for gold, silver, copper, tungsten, etc. Place claims can be gold, diamonds, gemstones, platinum group metals, etc. What happens to this day. So the next time you do research or watch an old claims dig just stop and think about it and maybe before investing too much time, if its legal system, take a small sample to find out more.

In addition, as gold prices rise the crooks out of the woods and begin to exploit the filing of applications where they believe it will drop its mad money, always be wary of claims filed in gold when gold prices have reached historic highs. Do your homework, knowledge is power and the relationship between success and failure.

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