Friday, January 11, 2008

Hooked on Gold Gazette, Jan. 11, 2008



Left From Gold Days Gone By

HOOKED ON GOLD GAZETTE

· Gold Spot Closing Price for Friday: $894.90
· Spot price Jan. 4th: $863.00
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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

WOW! Are you watching gold skyrocket this week? Man, I don't think I would be selling any gold right now until it settles down and I can get a great price for it. I am wondering what the price will be at the Tucson show in Feb.

As promised, I am continuing the discussion of how gold is formed outside quartz. There is and has been among old prospectors, the ongoing belief that not all gold is associated with quartz, and there are many examples throughout the U.S. gold strikes that support the theory that gold can also be depostied in the fissures and breaks in rock such as slate and certain schists. This especially true if the rock has a brownish red to red color to it.

Red clay or dirt is an indication of mineralization and a high concentration of iron. While hot, gold will show a affinity to iron, but when sulphur is introduced, the iron will let go of the gold and attach itself to the sulphur where it precipitates out creating iron pyrite. This leaves the gold in the solution to find it's own place to settle, and that can be in rock that has a space for it to crystallize in. Sometimes that is around quatz crystals, and sometimes in and around other rocks with spaces.

There are many examples of this type of evidence in California, Alaska, Nevada, and even Colorado. I am sure you all have heard of Farncom Hill in the Breckenridge district. I have found small pieces of wire gold when going through the slate there with a small backpack type highbanker on a claim we had permission to be on many years ago. I have since wondered about the other slate type of rock I often see in other mining districts. From now on, I WILL be taking samples to test this theory out while I am out finding gold.
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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
http://www.hookedongold.com/
http://www.thevideosense.com/user/MQS/ Prospecting Videos
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