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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: zebra4o1 who wrote (34166)	2/4/2005 12:20:32 AM
From: E. Charters	Read Replies (2) \| Respond to of 39344

Only God knows how much gold we leave behind. The rest of us have to guess on the drill results. One thing if for sure, the Yukon placers were the richest the world had ever known. A fairly good pay streak might run 50 cents per 18 inch pan. That does not sound like much to our ears, but bear in mind that it took at least 200 pans to make a yard. A yard of gravel was 1.5 tons. So the grade of the good gravel was about 66 dollars per short ton. Not that good? Well gold was 16 dollars per troy ounce in 1895. The grade of that pay today would be 2,250 dollars per ton. The reason for the The madness of the Klondike stampede becomes more clear in the light of these economics. What was considered not paying and was left in scorn might only run 5 cents a pan. Today a run of 337 dollars per yard that would be uncommonly rich for a placer. It obvious too that the sercitized white quartz gravels of the White Channel minelinks.com are a remnants of once giant gold deposits of an extent that can only be surmised. The concentration factor from original deposit to placer probably would not exceed 4 to one, conservatively. So the origin of our good pay could still exceed one ounce per ton. The richest origins of the great Klondike Placers lies in the hills still, waiting to be found. The White Channel gravels are the crumbled bones of once gilded seams of magnificent mountains, now only mute testimony to the magnitude of such an auriferous system. EC<:-}