Interest in gold prospecting is growing across the country as the value of gold rises. David Paul Morris / Getty Images Millions of Americans have tried their luck at gold panning. In 1852, the peak production year of the Gold Rush, $81 million worth of gold was discovered in California alone, coming to about $3.2 billion in today’s dollars. And … Read more
The land of sandy beaches and the Great Barrier Reef. The land of Steve Irwin and kangaroos. The land where for some reason the locals abbreviate every word the same way: brekkie, mozzie, telly, pressie, chokkie, chewie, roadie, the list goes on. If you can get past the fact that everything there wants to kill … Read more
Gold Deposits Gold Deposits in Small Concentrations Gold mine in Australia Gold is one of the most valuable and at the same time rarest metals on earth. It is estimated that up to now only 150,000 tonnes have been extracted worldwide. Indeed gold is present everywhere in the 16 kilometre thick Earth’s crust but, is … Read more
Cutting-edge technologies may enable mining operations to get better and more efficient at what they do. At the same time, scientists and entrepreneurs are on the lookout for new places to find the precious metal. While Earth potentially holds some remaining unexplored gold deposits, many of those regions pose problems for mining operations. For example, … Read more
Now to the big question: when will the world run out of gold? Discoveries of untapped deposits are increasingly rare, leaving most gold production coming from older mines. While there is no way to know exactly how much is left, the U.S. Geological Survey estimates that underground gold reserves amount to 55,115 tons. This means that … Read more