For efficient gold recovery, it is critical that you have the best equipment for the job. Are you in an area that has gold nuggets? Then you should probably spend most of your time metal detecting using a good quality detector.
Are you in the desert? Is all the gold in your area small, fine textured dust and flakes? Getting good recovery rates on fine gold will make a big impact on your total gold that you find. Researching the right equipment and testing what works best in your areas will help. After spending money on gas, supplies, food, etc. I never covered the cost of expenses.
Even when I found a decent amount of gold, it never amounted to more than just a gram or two of gold for a weekends work. Not only were they doing something that they loved, but they were easily paying expenses and finding enough gold to have some extra money too. There are also small-medium mining operations in remote parts of the globe such as Central America, Asia, and Africa.
There are quite a number of success stories coming from these miners, but their path to riches is covered with extreme obstacles such as corruption, theft, violence, disease, and even murder. But what about mining here in the United States? There is a world of difference between a large commercial mine and a guy with a sluice box trying to find some gold in the river. These folks have mined gold for over half of their lives, but they are still struggling to make any real money for their efforts.
Why is this the case? There are all sorts of reasons, as everybody has different backgrounds and circumstances. However, we do know there are external factors that affect the profitability of gold mining.
According to experts, many large gold deposits that are already discovered have been claimed up. This impending shortage can put the gold demand and supply off balance. Add to the fact that there are barely any new large gold mines been uncovered nowadays; we can expect even more gold scarcity and higher gold prices.
This is not to say that you can still find gold. Most of the miners I've met on the claims get about 5 grams a week. I'd be good with that. Then again, it's all about the person. I hope to hear from others living the lifestyle of a prospector. Have a great day! This is not college but some could be, mostly it is research and finding a good location and knowing how to develop and then extract gold from your mine.
First things first though, you need to know your trade and how to handle or what to expect in finding, seasons, complying with regs and a very strong work ethic morning till night.
What you are talking about is self employment and that means you need to be a self starter even when you do not have money or gold in your pocket. Do not mean to be harsh, for me it is a lot of fun when I get out, but there have been a lot of disappointed people that thought it was a get rich quick scene and that it is not.
Too right bazza Some trips have "paid" off, but the great majority haven't. Many including myself consider me and daughter as a "lucky one". I come home from each trip tired but rejuvenated to a job to earn a real wage to support my family and mutts in a lifestyle that they deserve. I love amateur prospecting, but I'd never expect it to pay my way.
Aussie gold hunters tv series gives a reasonable overview on the hardships and the dedication needed to give prospecting a fair dip looking for a pay-off. Even those with machinery in the GT and WA who have gone through all the hoops to small scale seem to be marginal at best.
That's not to say some of the early adopters of the PIs and some of the dredgers didn't do too badly, unfortunately I reckon those days are just distant memories.
Tour guides, detector trainers, detector retailers, they'd be the only ones I know that week after week, year after year get a good return on time put in. If it was a serious dream I think most people would need to split up the year between prospecting and something else that was a surer bet. To answer the question though I'm not sure there's anything on that list that would a great option.
Best chance of a good score over time, Gold. I do love the romantic tales of opal and sapphire blokes being unassuming millionaires I don,t think many prospectors would be getting that kind of a return, so Golf Balls is the go! It's a bit like fishing really. But if you do it for recreation and fun it's all worth it. This is what it looks like in the parent rock. It makes nice table tops for those with enough to buy one.
The rock in the previous photo is what's left after the parent rock has eroded and released it. Moneybox, Great to read about your successful trip to the Pilbara! That rocks you've got is called 'Orbicular Granite' and it's pretty rare. From memory it only occurs at locations in the world. One is on Boogardie Station just west of Mt Magnet. They had a quarry there for a while but too many dickheads used to go in and blow up the rock and steal it, fracturing what was nearby so they couldn't pull out large chunks for table tops like you wrote.
It's pretty damn nice and the rotating ball in Forrest Chase is a great example of its beauty. Try this , go for the fine gold in desert areas that detectors can't see. Yes it's full on hard work but you will be rewarded as very few do it. I was thinking the same this morning.
Thought maybe he is rowing over from China and we will hear more when he gets to darwin. Nice find of what I used to call Moss Agate.
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