Gold Prospecting On The Rise In Alaska
As reported yesterday by the New Zealand Herald, the rising price of gold has increased interest in gold mining in Alaska.
A gold rush (like Alaska saw a century ago) is unlikely as most people would be put off by the amount of work, time and money needed to produce significant amounts of gold. People can spend hours gold prospecting (which is back-breaking labour) with only a few gold flakes to show for it.
That said, there are some hardy gold miners for who a tiny bit of gold is more than enough to keep going. Bill Dunleavy has been gold prospecting in Alaska for 46 years and found this enormous, 5 ounce gold nugget in the early 1990s.
Soon after he found the gold nugget someone offered to buy it for $20,000, but he refused. Who knows how much the gold nugget would fetch nowadays?
In the past 20 years, 180 million ounces of gold has been discovered in Alaska with a possibility of more gold. Recently the number of gold claims being bought is up, the number of smaller gold mining operations has increased and two major gold mining projects are underway in southwest Alaska.
If you happen to be holidaying in Alaska and find a nugget like Bill Dunleavy’s, come into EzyCash Gold Buyers when you return to New Zealand for a top cash price. We also pay top cash prices for any unwanted gold, silver, diamonds and luxury watches.
(Source: nzherald.co.nz)
Mining Gold and Silver isn’t an Easy Job
Prices for silver have reached record levels in the past year which is why it’s an excellent time to bring your silver into EzyCash Gold Buyers of Panmure, Auckland. EzyCash Gold Buyers always pay top cash prices for silver jewellery, silver coins, silver bullion, broken silver and scrap silver.
In April last year the price of silver peaked at US$49 a troy ounce. Currently the spot price of a troy kilo of silver is around NZ$1214 – an increase in the silver price of over 100% cent in the past five years.
This increase in the price of silver is due to a shrinking supply of silver around the world. And this silver supply is set to shrink slightly further due to an announcement by the Mining Health and Safety Administration in the US. The Administration has ordered the temporary closure of the silver shaft at the Lucky Friday silver mine in Mullan, Idaho.
The silver mine, owned by Hecla Mining Company, will be closed for maintenance and cleaning until early 2013. Over time, sand and concrete material has built up in the silver mine and must be removed by power cleaning to prevent future hazards. Continue reading
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