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
www.hookedongold2.com/ Looking for metal detectors on e-Bay? Click here
info@hookedongold.com contact us

Gold 'n' Fall

Fall colors on the power line road at Cache Creek, Colorado


Rockies Win and advance to the playoffs with a 13 inning win against the Padres Monday night! Exciting for Coloradoans! They have been stalked this morning from the air in Philadelphia taking their bus from the airport to their hotel.

Snow today is flying at Georgetown, with wet and slushy roads in the northern mountains. Fall is in full swing, and it is getting hard to find golden aspens as they drop their leaves and colder temps move south. The Arkansas River is now closed to motorized equipment until April 1st, but still open to dry washing, panning, and sluicing.

Did I mention the azure blue skies we are enjoying now that the air has dried out? Our last few days in the mountains late in September was magnificent with color. The pictures that were taken do not do it justice, as the camera adjusts too much for the brightness of the light coming from a sun lower in the sky, but still shows skies bluer than blue. The gold taken out of Cache Creek this year was substantial, and everyone had a terrific time finding it. We heard of only one problem all year, and that involved lack of water. Other than that, everyone got along pretty well, and everyone found gold, even witha pan. I, myself, took out several grams just using a pan while testing various layers and levels. The gold is nice and chunky with depth. Larger flakes were found and some round nuggets as well. Nothing really big, but larger than is found on the Arkansas. Two rock sources were identified, too. One is coming out of a black hematite type rock and the other quartz. We have several small pieces that are wrapped around quartz, and several wrapped around a black rock that is non magnetic. Metal detectorists have taken a few pieces out in either black rock or iron stained bull quartz as well.

Have you been watching gold this week? It is down to $732.20 right now after topping above $745.00 yesterday. Gold producers are now saying that if gold does not break out soon, they will be having a harder time producing it as their expenses rise faster than the price of gold. The dollar is up this morning causing the fall in the price of gold today.