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Placer mining is frequently used for precious metal deposits (particularly gold) and gemstones, both of which are often found in alluvial deposits—deposits of sand and gravel in modern or ancient stream beds, or occasionally glacial deposits. The metal or gemstones, having been moved by stream flow from an original source such as a vein, are ...
Gold mining is one of the most common uses for the staking of mining claims. In Alaska, state mining claims may be up to 160 acres (0.65 km 2), and there is no distinction between lode or placer claims. The boundaries of the claim must follow the 4 cardinal directions, with an exception being adjustments for existing valid claims.
Resurrection Creek was the site of Alaska's first gold rush in the late 1890s, [58] and placer mining continues today. The Resurrection Creek watershed drains 161 square miles (420 km 2 ) on the north side of the Kenai Peninsula, and the community of Hope, Alaska is located at the mouth of Resurrection Creek. [ 59 ]
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The Willow Creek mining district, also known as the Independence Mine/Hatcher Pass district, is a gold-mining area in the U.S. state of Alaska. Underground hard-rock mining of gold from quartz veins accounts for most of the mineral wealth extracted from the Hatcher Pass area. The first mining efforts were placer mining of stream gravels, and ...
Comstock Mining, Inc. (LODE) delivered earnings and revenue surprises of -500.00% and -21.43%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the ...
Comstock Mining (LODE) reports break-even earnings in Q4 while revenues skyrocketed 567%. The company reported a loss of 49 cents per share in 2021.
In addition to placer gold mining, this district in the Matanuska-Susitna borough has had some mining of tungsten from scheelite deposits, and small-scale lode mining for gold. The district is well known due to the influence of artist Sydney Laurence and the still-unsolved murders of four miners in 1939 which gained nationwide attention (see ...