Friday, December 21, 2007

Hooked on Gold Gazette Dec. 21, 2007.

HOOKED ON GOLD GAZETTE


· Gold Spot Closing Price for Friday: $811.70
· Spot price Nov. 17: $793.10
· Platinum closed at $1523.00!
"FRIENDS" by Robin Laws
May you be surrounded by yours this Holiday Season
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Calendar of Events


December


12th GPOC Christmas Party 7:00 p.m. Bring unwrapped gifts for children for the Marines toy drive
19th GPR Members Christmas Party
24th CHRISTMAS EVE
25th CHRISTMAS DAY
31st New Year's Eve
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NEWS


WOW! In a golden December issue of ICMJ (International California Mining Journal) there is a fascinating article on how gold is formed into crystals and nuggets. They delve into the various theories of steam, bacterial, and molten delivery systems for the depositing of gold formations.
The newest gold formation theory comes out of Australia where scientists have been cutting off slices of gold nuggets and examining them under microscopes after etching them, and finding that the crystals in all the gold nuggets examined showed twin crystallizing, which is only formed under high heat at great depth, and not under cold conditions at the surface as previously thought.

Also, the hotter the mixture was, the more additional minerals (impurities) can be associated with the gold….the higher the concentrations of silver or copper or both, the higher the heat needed. At the higher heat, a higher percentage of impurities can be present with less structural damage done to the crystals. The study also disputes the theory that large gold nuggets were formed as secondary deposits in colder conditions near the surface. Take a look at www.csiro.au/news/GoldNuggets/html to find more information on the study.

Since quartz is a major source for gold deposits, and they are USUALLY the fine or smaller type, the article goes on to explore how large gold nuggets are formed in the absence of quartz. If you have a curiosity for how gold is formed, I highly recommend you read this article and the ones that will come after it. This is the first in a series of reports on gold deposits ICMJ will be running. The next one will discuss schist and slate deposits of large gold nuggets.

Did you get all of your gift shopping finished yet? If not, you have one more weekend before the big day. Hooked on Gold will be visiting relatives until after Christmas Day, so if we are a little slow answering your requests, be patient. We WILL get back to you. Have a wonderful Holiday and a very Merry Christmas!
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THE ARKANSAS RIVER is now closed TO MOTORIZED EQUIPMENT FOR THE WINTER UNTIL APRIL 1, 2008.
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Until Next week.
Good Prospecting to You,
Larry and Shirley Weilnau
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