November 26, 2015
Happy Thanksgiving, everyone! Don't bother with the calorie counting. Break out the sweat pants and enjoy it. We don't have anything any more special going on than we do most holidays. Unless the holiday falls on one of the wife's usually scheduled days off, she works most holidays while I do other things to entertain myself. So, just like any other day. Lots to be thankful for this year. Mostly, just being around another year. I hope everyone gets to spend their day doing something they enjoy with people they love.
Nevada and Arizona gold mining scam alerts! I've been receiving more inquiries asking about local gold mine investments. Contacts are being made by cold calls, emails, and advertised in stock related forums by company representatives posing as excited share holders. I know of at least two scams related to gold mining and both may be and are likely related. To avoid the possibility of getting sued, I won't mention the company name(s), but the investment mines are located in Clark County, Nevada and Mohave County, Arizona.
Most of the easy gold is gone which is why local miners turned to underground, hard rock mining. Gold isn't evenly distributed and is most often rich in pockets or streaks. Move over a few feet and there may not be enough gold to cover fuel costs.
If you are considering purchasing stock in any gold mining operation, never rely solely on historical data and definitely DO NOT take the word of the guys trying to sell you stock. If they claim to have found large amounts of gold on the surface, be suspicious of planted gold. The best placer (gravel) mine gold will settle deep and won't be on the surface.
What they did nearby and historically is of insignificant matter. All that matters in gold mining is what you can recover and the only way to know for sure is to drill. Insist on site drill reports. Prospect drilling is expensive, but if the gold on site is as good as they claim it to be, any operation serious about commercial mining that site will have those drill reports.
A drill report is the only way to know if there is gold bearing pay on site and at what depth and concentrations. Without knowing all of those variables, there's no way to know if the gold on site is worth recovering. They are gambling with your investment money. That's usually the scam. To prove outright fraud, you have to prove intent. All they have to say is they tried and weren't successful.
There is another change within the navigation bar to your left. Since the "Equipment" section only covered communications, I went ahead and changed the title to "Communications". Building on last weeks "Trail Etiquette" update, a new section covering Communications Etiquette has been added to Communications section. While I was in there, I cleaned up a little and rewrote a lot.