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Gold Prospecting and Rock Hounding

Started by Lori Dee, March 03, 2024, 07:23:58 PM

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Lori Dee

The final clean-up:

🔗 [Link: flic.kr/p/2rLBoYr/]

The final weigh-in: 1.1 grams!

🔗 [Link: flic.kr/p/2rLA8MU/]

I looked at them under the scope to determine how much came from the river gravels and how much came from the crushed rocks. The stuff from the river is obvious because the flakes are well-rounded and flattened from being smashed by rocks. There are a few with rough edges, so those broke loose from the rock during crushing. You can see one near the top and one near the bottom that are not smooth.

🔗 [Link: flic.kr/p/2rLvAQ2/]

Another closer view of two of the rough flakes.

🔗 [Link: flic.kr/p/2rLvAPW/]

At least I didn't close out the season at zero.

Today's gold spot price is at $138.21 per gram. Since this is "raw" gold, it is considered to be only 80% pure. Mined gold contains alloys like silver, copper, platinum, and other impurities. So, 80% of spot value = $110.57 x 1.1 grams = $121.62.

Buyers will usually only pay 80% of spot, so the sale value would be 80% of 80% of the spot price = $97.30.

That doesn't seem too bad until you factor in how long it took to get it. It probably took about 30 hours for scouting, digging, screening, panning, and travel time. That works out to around $3.24 per hour.

Flipping burgers pays better, but I don't pay taxes on gold. And the value of gold can go up without me doing any more work. The gold I dug up in 2011 doubled in value before I sold it. Today, it would be worth three times more if I had kept it.

My Life is Based on a True Story <-- The Story of Lori
The Story of Lori, Chapter 2
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Tess100

I love that you did the math on earnings!  I'm also amazed that you found anything! The whole process sounds incredibly fun. Anything that gets one outside exploring is perfect.
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Iztaccihuatl

I am surprised that this is just 1.1 grams. I know that gold is pretty heavy and in the pictures it certainly looks more than just a gram...
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Jessica_Rose

For a brief scouting trip, I think it went quite well. It's a popular area which has had a lot of visitors, but there's obviously still some gold there. I think if you have an opportunity to stay for several days and do more testing, you'll probably find some areas that would be worthwhile.

Love always -- Jessica Rose
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Lori Dee

Quote from: Tess100 on Yesterday at 09:02:42 AMI love that you did the math on earnings!  I'm also amazed that you found anything! The whole process sounds incredibly fun. Anything that gets one outside exploring is perfect.

As I point out in the articles I wrote on my website, if you are doing it to get rich, you will be disappointed. My brother says that so much work for so little pay is insanity. I asked him if he enjoys fishing. He said he does. I asked if it is still fun if he catches nothing all day. He said it is. I said it is the same thing except I don't "catch and release". It is the thrill of the hunt.

Over 15 years of doing it, I learned a few things about geology that help me do it more successfully, and I have invested in tools and equipment that help me do it more efficiently. The payoff is in being out in Nature with fresh air, exercise, and learning things about the world we live on. Catching gold is just a bonus that motivates me to get out and do it again.

😀
My Life is Based on a True Story <-- The Story of Lori
The Story of Lori, Chapter 2
Veteran U.S. Army - SSG (Staff Sergeant) - M60A3 Tank Master Gunner
2017 - GD Diagnosis / 2019- 2nd Diagnosis / 2020 - HRT / 2022 - FFS & Legal Name Change
/ 2024 - Voice Training / 2025 - Passport & IDs complete - Started Electrolysis!

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Lori Dee

Quote from: Iztaccihuatl on Yesterday at 09:31:48 AMI am surprised that this is just 1.1 grams. I know that gold is pretty heavy and in the pictures it certainly looks more than just a gram...

I thought it would be less, but some good-sized flakes added to the weight. Most of what I usually catch is in the #50 mesh size, so there are more of them for the same weight. I saw this pile as relatively small.
My Life is Based on a True Story <-- The Story of Lori
The Story of Lori, Chapter 2
Veteran U.S. Army - SSG (Staff Sergeant) - M60A3 Tank Master Gunner
2017 - GD Diagnosis / 2019- 2nd Diagnosis / 2020 - HRT / 2022 - FFS & Legal Name Change
/ 2024 - Voice Training / 2025 - Passport & IDs complete - Started Electrolysis!

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Lori Dee

Quote from: Jessica_Rose on Yesterday at 10:42:07 AMFor a brief scouting trip, I think it went quite well. It's a popular area which has had a lot of visitors, but there's obviously still some gold there. I think if you have an opportunity to stay for several days and do more testing, you'll probably find some areas that would be worthwhile.

Love always -- Jessica Rose

That is the plan for the summer. I intentionally avoided the "War Zone" as it has been hunted for decades. I found a few areas that had been untouched, so I focused on them. I may invest in another garden wagon to haul my gear. It is a bit of a hike from the parking area to my areas of interest. Another reason the War Zone is so well hunted is that it is close to the parking area, so more people dig there. I always try to capitalize on the laziness or incompetence of other prospectors. Their loss is my gain.
My Life is Based on a True Story <-- The Story of Lori
The Story of Lori, Chapter 2
Veteran U.S. Army - SSG (Staff Sergeant) - M60A3 Tank Master Gunner
2017 - GD Diagnosis / 2019- 2nd Diagnosis / 2020 - HRT / 2022 - FFS & Legal Name Change
/ 2024 - Voice Training / 2025 - Passport & IDs complete - Started Electrolysis!

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ChrissyRyan

Lori,

I wonder if you went to a thrift store or elsewhere and bought up old PCs and Macs system boards that you could get gold out of the circuits and make a profit.  Can you with the gear you have harvest this gold?  I think that on the motherboards the wire pins that the processor clamps on are at least gold plated.  Those pins it seems can be snipped out from the motherboards.  There may be gold elsewhere in the circuitry also.


Chrissy
Always stay cheerful, be polite, kind, and understanding. Accepting yourself as the woman you are is very liberating.  Never underestimate the appreciation and respect of authenticity.  Help connect a person to someone that may be able to help that person.  Be brave, be strong.  A TRUE friend is a treasure.  Relationships are very important, people are important, and the sooner we all realize that the better off the world will be.  Try a little kindness.  Be generous with your time, energy, wisdom, and resources.   Inconvenience yourself to help someone.   I am a brown eyed, brown haired woman. 
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Lori Dee

You can do that, and I have, but it isn't profitable.

For many years, I collected old PCs, printers, cellphones, big flat screen TVs, and such for that purpose. It takes a lot of time and effort to strip all of the gold parts. My garage was full of junk electronics, and it took me an entire summer to clear it out.

I started by cutting out all of the gold and stripping down old hard drives to get the platinum off of the disks (I still have the disks). Once I had a pile of the good stuff, I got rid of the junk. I started by using a torch to melt the parts, thinking the gold would melt first and pool together to make it easier to extract. But they contain too much copper and lead solder.

So, I bought an ounce of mercury. One ounce of mercury will dissolve an ounce of gold, and I knew I had less than an ounce of gold. Once the mercury did its work, it left an amalgam, which is mercury and pure gold. By straining it through a cloth, I was able to remove the junk, and that left me with just the amalgam.

The next step is the dangerous part. Heating the amalgam to evaporate the mercury. Mercury vapors are deadly poisonous. I rented a campsite for a weekend, dumped the amalgam in an old cast-iron skillet, and roasted it over a campfire. It was winter, so there were no other campers around, and I could keep away and upwind from the fire.

Once that is done, it leaves a chocolate brown, rusty colored dust in the pan. That is 99.999% pure gold. By heating the dust with a torch, it melts into droplets, and their shiny gold color returns. It was very disappointing.

After all of that work and the cost of the mercury ($40 per ounce plus hazardous shipping charge), it wasn't worth it. I have worked less hard to find a flake of gold that was bigger than that.

Can it be done? Yes. Why doesn't everyone do it? It isn't worth it.

I installed a security system at a precious metals recycling plant. That was a huge operation. They took electronic parts like circuit boards and put them in baskets that were lowered into pools of acid. The pools were about the size of small swimming pools. The acid dissolves the gold, and they dispose of the junk. Once the acid becomes saturated, they add a chemical that causes the gold to precipitate out of the acid so they can collect it.

Gold can be extracted from seawater. There are huge amounts of gold dissolved in the oceans. But the process to get it makes it seem futile. You can also make gold, like the ancient alchemists tried to do, but they didn't have access to particle accelerators to get it done.

I prefer to let Mother Earth do the hard work for me, so I can just go pick it up out of the dirt.

😁
My Life is Based on a True Story <-- The Story of Lori
The Story of Lori, Chapter 2
Veteran U.S. Army - SSG (Staff Sergeant) - M60A3 Tank Master Gunner
2017 - GD Diagnosis / 2019- 2nd Diagnosis / 2020 - HRT / 2022 - FFS & Legal Name Change
/ 2024 - Voice Training / 2025 - Passport & IDs complete - Started Electrolysis!

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ChrissyRyan

I would venture to say that many of us today do not have access to particle accelerators.

Always stay cheerful, be polite, kind, and understanding. Accepting yourself as the woman you are is very liberating.  Never underestimate the appreciation and respect of authenticity.  Help connect a person to someone that may be able to help that person.  Be brave, be strong.  A TRUE friend is a treasure.  Relationships are very important, people are important, and the sooner we all realize that the better off the world will be.  Try a little kindness.  Be generous with your time, energy, wisdom, and resources.   Inconvenience yourself to help someone.   I am a brown eyed, brown haired woman. 

Lori Dee

My Life is Based on a True Story <-- The Story of Lori
The Story of Lori, Chapter 2
Veteran U.S. Army - SSG (Staff Sergeant) - M60A3 Tank Master Gunner
2017 - GD Diagnosis / 2019- 2nd Diagnosis / 2020 - HRT / 2022 - FFS & Legal Name Change
/ 2024 - Voice Training / 2025 - Passport & IDs complete - Started Electrolysis!

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Pema

Quote from: Lori Dee on Yesterday at 07:39:18 PMhttps://tavexbullion.co.uk/lab-made-gold-exists-but-it-wont-shake-the-market/#:~:text=Under%20certain%20conditions%2C%20they%20have,far%20less%20than%20a%20nanogram.&text=The%20process%20costs%20millions%20of,the%20yield%20is%20essentially%20negligible 🔗 [Link: tavexbullion.co.uk/lab-​made-​gold-​exists-​but-​it-​wont-​shake-​the-​market/].

It's even worse!

ALICE detects the conversion of lead into gold at the LHC 🔗 [Link: home.cern/news/news/physics/alice-​detects-​conversion-​lead-​gold-​lhc/]

Not only was the yield from the Large Hadron Collider tiny:

...about 86 billion gold nuclei were created at the four major experiments. In terms of mass, this corresponds to just 29 picograms (2.9 ×10-11 g).

but the gold only exists temporarily:

Gold nuclei emerge from the collision with very high energy and hit the LHC beam pipe or collimators at various points downstream, where they immediately fragment into single protons, neutrons and other particles. The gold exists for just a tiny fraction of a second.

This technology has a *long* way to go before it becomes profitable. 😁

"Though we travel the world over to find the beautiful, we must carry it with us or we find it not." - Ralph Waldo Emerson