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Gold Prospecting
Hard Rock Gold Prospecting
Small scale mine make money?
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<blockquote data-quote="user 4386" data-source="post: 540732" data-attributes="member: 4386"><p>1. at that grade (2oz/t) it might be economic if there is any small but significant tonnage.</p><p>2. Keep in mind that mines that produce at low grades, such as these, crush many millions of tonnes of ore per year to be profitable. Narrow quartz vein mines are commonly low tonnage.</p><p>3. Possibly, although I am not sure. Other styles have become increasingly important. Most of Nevada's production and nearly all of South Africa's production does not occur in quartz veins (South Africa has produced more than 50% of all gold ever mined on Earth, but is no longer very important). So yes, that figure may be about right.</p><p>Keep in mind that you have only crushed one sample, and you panned only the 42% of it that would preferentially concentrate the gold. . And yes, selling it sounds a good idea, although $50 million is a tad optimistic for an undrilled ore body (companies pay less for entire goldfields in some cases, although that can reach six times that - Ballarat, Bendigo)..</p></blockquote><p></p>
[QUOTE="user 4386, post: 540732, member: 4386"] 1. at that grade (2oz/t) it might be economic if there is any small but significant tonnage. 2. Keep in mind that mines that produce at low grades, such as these, crush many millions of tonnes of ore per year to be profitable. Narrow quartz vein mines are commonly low tonnage. 3. Possibly, although I am not sure. Other styles have become increasingly important. Most of Nevada's production and nearly all of South Africa's production does not occur in quartz veins (South Africa has produced more than 50% of all gold ever mined on Earth, but is no longer very important). So yes, that figure may be about right. Keep in mind that you have only crushed one sample, and you panned only the 42% of it that would preferentially concentrate the gold. . And yes, selling it sounds a good idea, although $50 million is a tad optimistic for an undrilled ore body (companies pay less for entire goldfields in some cases, although that can reach six times that - Ballarat, Bendigo).. [/QUOTE]
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Gold Prospecting
Hard Rock Gold Prospecting
Small scale mine make money?
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