Friday, January 18, 2008

Hooked on Gold Gazette Jan. 18, 2008.


Sources of gold are numerous......many right under your feet!


HOOKED ON GOLD GAZETTE
• Gold Spot Closing Price for Friday: $880.50
• Spot price Jan. 11th: $894.90

After touching $915 earlier this week, gold slipped back into the $874 range and has settled for the weekend at the above price.
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Calendar of Events

JANUARY 2008
• 1st New Years Day
• 9th GPOC Meeting 7:00 p.m. Colo. Springs

FEBRUARY
• TUCSON GEM, MINERAL, and FOSSIL SHOW – Tucson, Az.
• 13th GPOC Meeting 7:00 p.m. Colo. Springs
• 22nd – 24th Gem and Mineral Show Jefferson County Fairgrounds, Colo.
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NEWS
Now, the discussion on how gold nuggets can be placed in rock other than quartz has been interesting, but now you are wondering how you can put this knowledge into practice to find your own gold in the field. Placer deposits, as any placer miner can tell you, can hold gold from several sources, and looking at the pieces you recover will tell you how many sources you have. Color of the gold will be the most obvious indication, and, when seen under magnification, the
actual size, depth, and courseness will be another. Follow these upstream until one disappears from the samples and you will be nearer to one of the sources.

What do you look for if you are not sure if the gold comes from a quartz source or one of schist or shales? Look for both in a general location. Even gold that is deposited in schist or shale will have quartz near it, although the quartz may be barren of gold. Of the two, quartz is easier to spot simply because of it's white color. Look for reddish and reddish brown schists and shales near the quartz, especially if the quartz is barren of gold and there are indications of iron in the quartz or nearby. Quartz often weathers out of rock faster, and can leave a large scree field.

A metal detector sweep of the area will give you an indication of whether there is larger gold present, and a sampling of the area with a shovel and bucket can tell you if there is smaller gold in the area. Process the dry samples at a water source. The detector will also be able to locate deposits that are left from wetter periods in the past in cracks and crevices, and in ravines.

Keep looking, and testing, and sampling and detecting, and you will find gold, possibly in the place you least expect.

If you find a broken link, please let us know
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
www.hookedongold.com/
www.thevideosense.com/user/MQS Prospecting Videos
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info@hookedongold.com contact us
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