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Gold Prospecting
Small Scale Gold Mining
how much gold/tonne to make a profit
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<blockquote data-quote="Harlequin" data-source="post: 475975" data-attributes="member: 1614"><p>Ben, I presume the host rock is quartz as you mention an outcrop nearby. The comments so far are correct and what it comes down to is small versus big time mining. The big miners will pay up to $1,000 per ounce to recover the gold but they won't even start unless they have a proven deposit which will allow them to treat around 4,000 tonnes a day for , say, 20 years. So the question is can you make a profit with limited funds and resources. That is working with low grades. The different grades range from .01 to 17.71 which is a mixed bag with .01 being what is in most rocks to 17.71 which is really exciting if that grade is consistently in huge tonnage. I'm prospecting an area of around 30 sq km hoping to find an ore body of quartzite following an assay of 2.3g/t. We know the gold is there but we have to prove there is enough to justify a mine. If you are going to go ahead you have to weigh the heartbreak of dealing with Government, spending, spending, working with material of 7 hardness, against the deep joy and satisfaction of mining for gold - whether you're successful or not. If you aim at nothing, you'll always hit it ! Perhaps you could spend some time getting a quantity of rock to work with then crushing it (dolly pot and Cobra rusher?) then do the maths. I wish you all the best!</p><p>,</p></blockquote><p></p>
[QUOTE="Harlequin, post: 475975, member: 1614"] Ben, I presume the host rock is quartz as you mention an outcrop nearby. The comments so far are correct and what it comes down to is small versus big time mining. The big miners will pay up to $1,000 per ounce to recover the gold but they won't even start unless they have a proven deposit which will allow them to treat around 4,000 tonnes a day for , say, 20 years. So the question is can you make a profit with limited funds and resources. That is working with low grades. The different grades range from .01 to 17.71 which is a mixed bag with .01 being what is in most rocks to 17.71 which is really exciting if that grade is consistently in huge tonnage. I'm prospecting an area of around 30 sq km hoping to find an ore body of quartzite following an assay of 2.3g/t. We know the gold is there but we have to prove there is enough to justify a mine. If you are going to go ahead you have to weigh the heartbreak of dealing with Government, spending, spending, working with material of 7 hardness, against the deep joy and satisfaction of mining for gold - whether you're successful or not. If you aim at nothing, you'll always hit it ! Perhaps you could spend some time getting a quantity of rock to work with then crushing it (dolly pot and Cobra rusher?) then do the maths. I wish you all the best! , [/QUOTE]
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Gold Prospecting
Small Scale Gold Mining
how much gold/tonne to make a profit
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