Gold mine

Definition and stakes

Charles A. Bramble The A B C of Mining: A Handbook for Prospectors

Many gold mines have been abandoned as unprofitable that could have been mined at a profit had their owners been wealthy and enterprising enough to do a great deal of expensive prospecting by diamond drill, cross cuts, drifts and rises. In one instance that came to the writer's knowledge a clever mining engineer cleared nearly $200,000 profit by leasing for a term of years a gold mine that was supposed to be exhausted. A drill hole sunk less than 50 feet below the old workings revealed a pocket of ore in the vein, and paying quartz was found for many hundred feet below.
Source: Gutenberg

Mary Huston Gregory Checking the Waste: A Study in Conservation

The United States has many unworked gold mines, "gold reserves" they are called, whose value can not in any way be exactly estimated. The value of the placer mines can be better judged than that of the lode or quartz mines. The placer mines are chiefly in Alaska and California. These mines may yield gold to the amount of a billion dollars. There are lesser, but important resources of placer gold in Montana, Idaho, and Oregon.
Source: Gutenberg

Portrait of John S. Hittell John S. Hittell Hittel on Gold Mines and Mining

The annual yield of our gold mines is about forty millions of dollars, of our quicksilver two millions of dollars. Our silver, copper and coal mines have been opened within a year, and their value is yet unknown. All our other mining is of little importance as compared with the gold.
Gold Mines.—Our gold mines are divided into placer and quartz. In the former, the metal is found imbedded in layers of earthy matter, such as clay, sand and gravel
Source: Gutenberg

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