SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Mining News of Note

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: LoneClone who wrote (41951)8/24/2009 11:07:01 AM
From: LoneClone  Read Replies (1) of 193002
 
Without prospects, they’re prospectors
Metal’s high price and economy’s low ebb create new California gold rush

msnbc.msn.com


Benard Cruz, right, underwater, jokes that he and his friend, Scott Greene make about a nickel an hour mining for gold with a suction dredger. Both, seen here in Columbia, Calif., on Aug. 11, are out of work and say they have nothing better to do.

By Karl Vick
updated 2:39 a.m. PT, Mon., Aug 24, 2009

COLUMBIA, Calif. - Maybe it was the nail in Ray's head. Maybe it was the economy. His wife said one as much as the other drove the decision to auction off everything that wouldn't fit in the trailer and leave Vermont for the mother lode.

"Thought we'd try to make a living at it," Kim Lague said, standing in a mining camp that was busier during the Great Depression than it was in the Gold Rush of 1849, and is busy once again.

And so, 18 months after a co-worker's pneumatic hammer drove a 2 1/2 -inch stainless-steel nail into Ray Lague's skull -- "the plunger of the gun brushed my hat and discharged" -- the once-thriving contractor took his place among the prospectors lining the steep banks of the South Fork of the Stanislaus River, 40 miles west of Yosemite National Park. The bearded man helping him drag the mining gear into the water was a jobless logger who lost his home to foreclosure.
Story continues below ?advertisement | your ad here

Fifty feet downstream, an unemployed concrete-truck driver scoured the river bottom beside a laid-off furniture mover, back to prospecting after a day spent wrestling with the unemployment office.

"You have to consider the economy," said Gary Rhinevault, caretaker of the Lost Dutchman's Mining Association campground, where 45 prospectors pay as little as 30 cents a day to pitch their tents. "In 1932 there were more prospectors out trying to make a living than in the 1850s."

‘High hopes’
Even in the trough of today's great recession, most of the prospectors still double as hobbyists. The Lost Dutchman's club allows members to camp for six months at a time, and its dozen or so claims are crowded first with the motor homes of freewheeling retirees.

But as the economy soured, their ranks were swelled by adults of working age, pulled by gold prices flirting with $1,000 a troy ounce -- the highest in more than two decades -- and pushed by unfortunate circumstance. While there is no way to quantify the trend, anecdotally it is clear that the jobless are showing up not only in California but also elsewhere around the country where gold has been found in the past.


Aaron Webb of Rapids, Wis., shows off raw gold he and partner Matt Lauer of Portage, Wis., gleaned from the Klamath River near Happy Camp, Calif., with a suction dredge, on Aug. 5.


"I have been seeing a lot of it this year, with so many people getting laid off or hours cut way back," said Tim LeGrand, owner of TN Gold & Gems in Coker, Tenn. Permits for prospecting in the nearby Cherokee National Forest, named for the tribe pushed westward after gold was discovered in the early 1800s, have more than doubled since 2007.

"People come out with high hopes and don't realize the work that is involved until they get into it," LeGrand said. "Most try a few days and give up. Many struggle on and learn to pan. Very few get enough gold to do them any financial good."

‘No one's making a living’
On the South Fork, everyone claims to know this.

"No one's making a living down here," said Tony Stroud, an unemployed machinist who, like the other prospectors repeating the phrase, surely believes the words.

And yet, here they all are, investing $1,500 to $5,000 for the suction dredges that vacuum up gravel, for the sluices that separate the gravel from the black sand, and, not least, for the big plastic pans that, after the machines have done the heavy work, reveal the glimmers of color that set hearts to racing and render reason irrelevant.

"You didn't hear it from me," Stroud went on a moment later, "but a guy in Columbia said downstream he took 14 ounces out in 48 hours. And we're going to jump his hole."

Robert McFadden, seated to his right on a picnic table, set down his morning beer.

"What's the appeal of prospecting?" he said. "Hope I can get rich, number one."

The river is cluttered with the miners' gear and the boulders they constantly rearrange in the search for a spot not already groomed of flakes. Yet the feeling is orderly, tents and motor homes lined around a rustic clubhouse that evokes familiar notions of prospecting as reliably as the bushy beards sported by many of the men.

In a shady bend a mile downstream, DeWayne and Nick Shepard labored in frustration beside the Michigan flag, planted upon arrival 30 days earlier on a trip planned for three years.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext