Fee Mining and Digging for Gems, Minerals, Gold, Crystals Click a green state or blue link text to view fee mining locations Fee mining sites are places where you can pay a fee to dig, pan, or search for rocks, minerals or gemstones and keep whatever you find.
Fraudulent Mining Promotions . Mining scams have historically been limited to the precious metals (gold, silver, platinum, palladium, rhodium, ruthenium, osmium, and/or iridium). This is because the high unit value of these metals usually requires assaying to identify the presence of economic concentrations of the metals, and special or proprietary assaying or extraction methods can be fraudul
23. Penny gold miners are known to be the most prolific in terms of scams because the crooks know people are easily dazzled by the yellow metal. Gold appeals to investors'greed more than any other commodity or industry. This is why scams are most prevalent with penny gold miners. 24. Penny touts or stock gurus pushing the stock.
Con artists usually begin their mining investment scams by forming a company, raising some capital through stock markets then situating the company, through acquiring claims, close to areas that have had previous legitimate mining successes, like California, Nevada or South Africa.
Zoom in to Gold Butte, for instance, and take a look at all the mines there. However, you should notice that in the grand scheme of things the entire area is only sparsely filled with mines compared with the Potosi Mountain Range down by Goodsprings, southwest of Las Vegas.
There is no doubt that you can get scammed if you buy a claim or even invest into a larger commercial mine. This document was put together by the Arizona Department of Mines and Minerals to help people avoid getting scammed. It also has some clues about where you might want to go prospecting. Check it out! Arizona Gold Mining Scams
Cibolan Gold Corporation, a Nevada junior gold mining company is engaged in the evaluation, acquisition and exploration of Nevada silver and gold mines. The Independence Project is 100% owned by Cibolan Gold Corporation and is located in the heart of the Battle Mountain Mining District.
These Six Penny Stock Gold Mining Companies Are Worth Watching. Numerous speculators love penny stocks for their enormous potential to gain returns, yet penny stocks are theoretical and hazardous. This is particularly valid for organizations in the mining sector. However, where there is risk there is often reward.
The average ore grades at most Nevada mines range from 0.04 to 0.20 troy ounces of gold per ton. Precious metals do not mix. Claims of a mine site with high levels of platinum group metals (PGMs) along with gold and silver is almost a certain indicator of fraud.