November 27, 2021 
 Saturday 
 
 

Forum
Topic:
Technology

       

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 By David I

03/05/2017  12:10AM

Hello Mike,I have been reading a book by James Rickards, "THE NEW CASE FOR GOLD". I suspect that you may have seen it. It is about our need for inflation to raise the price of gold and combat our present recession.
I would like to present an idea about how to do this. I think the federal reserve needs to have a gold trust reserve where dollars are printed and traded for gold based on weight at the high daily rate of the purchase by the gold trust reserve, along with the dollars a certificate would be included with the purchase price for the gold. This would be away to increase the gold reserve. This gold reserve trust also would the capacity to loan to banks specifically for financing the mining of gold in the united states. With the requirement that all gold mined would be sold to the federal gold trust reserve until the principle of the financing was paid off.
 By Michael Miller

02/25/2017  4:42PM

MINERS ARE MEMBERS OF THE SKILLED LABOR FORCE.

Natural resources are materials from the Earth that people use to meet their needs.
Commodities are hard assets. Since there are so many, they are grouped in three major categories: agriculture, energy, and metals. Non-renewable resources are those that are used faster than Nature can create more.

The United States was blessed with an unusual abundance of seven natural resources. First, it has a large land mass that early on became governed by one political system. Second, it was bordered by two large coastlines that provided food and later ports for commerce. Third, it had thousands of acres of fertile land. Fourth, it had abundant fresh water. Fifth, it was once under a great sea which created the oil and coal. Sixth the climate gives it grand forests. Seventh the formation of the earth gave it gold. The geography and geology of the United States provided a tremendous comparative advantage in building our economy.

America had a huge head start thanks to its abundance of natural resources. In addition, it's governed by one political system, monetary system and language. America has two peaceful neighbors, Canada and Mexico. It doesn't have to defend its borders.

Where is the flim-flam ABOUT GOLD propagated? Answer: exploitation of terms and time. Proven gold reserves are where analysis of geological and engineering data demonstrates with reasonable certainty to be recoverable from known reservoirs. Only the gold that is commercially viable under current economic conditions is counted. Reasonable certainty means that either actual production or conclusive testing has occurred. Gold is not counted as proven if engineers are uncertain whether it can be recovered under current economic conditions or it's in completely untested areas.

Exploration and development must take place before production. Exploration has most risk. Most companies never get beyond exploration. Some make it to development and few actually get into production. This time frame is important because supply changes more slowly than demand For example, demand can rise quickly, but companies can't ramp up production as fast. When demand drops, it can take companies months to reduce supply. Unlike most industries, people outside the production side publish words. This has become the flim-flam of gold
.
A big difference occurs between supply in the short-run versus the long-run. Short-run supply depends on price. As demand rises, customers pay a higher price. Businesses will increase supply to gain the sales from higher prices until they reach their current capacity.

In the long-run, if the price and demand remain high, companies can boost supply. They have the time to add the workers, machinery, and factories required. The following factors determine long-run supply: Labor, Capital Goods, Natural Resources, Entrepreneurship.

Financial capital such as money and credit is used to buy the factors of production. But the ease of obtaining financial capital, whether through stocks bonds, or loans, plays a critical role in supply. Warning: In the professed bull market for hard assets ahead, challenge the flim-flam man.

Here are some examples of how U.S. innovations in capital goods created economic advantages.
• In 1789, Samuel Slater improved textile manufacturing. Eli Whitney invented the cotton gin in 1793. These made the U.S. a leader in clothing manufacturing.
• The invention of the Morse code and the telegraph in 1849, and Graham Bell's telephone in 1877, made communication faster.
• Thomas Edison invented a safe incandescent lamp in 1880. That allowed people to work longer and made urban living more attractive.
• Steamboats led to steam locomotives. They allowed private railroad networks to facilitate coast-to-coast commerce and development of the West.
• In 1902, air conditioning allowed migration to formerly hot areas and the ability to work effectively through the summer.
• In 1903, the Wright Brothers' invented the airplane, leading to faster air travel.
• In 1908, Ford's assembly line allowed mass production of affordable cars. That increased demand for expanded travel and led to the 1956 Interstate Highway Act. That improved shipping and a created a higher suburban standard of living.
• In 1926, Robert Goddard invented the liquid propulsion rocket. That gave the United States an advantage in defense.
• In 1992, metal detectors were tried and succeeded in finding gold in the Sixteen to One mine.
• When will the innovative capitalists/ entrepreneurs move the technology into the 21st Century?
 By Michael Miller

09/06/2014  5:25PM

Our crew received a spanking new pneumatic drill, one that is first in size for its exploration program. This drill looks like equipment the leading pioneers would take on any exploratory trip. Lewis and Clark had the best rifles at the time when they set out to find a waterway to the Pacific Ocean. The federal government, led by Thomas Jefferson knew the importance of uniting both of North America oceans. He gave Meriwether Lewis and open credit card and it paid off. That was 210 years ago.

Our new drill and necessary accoutrements were provided by other technology pioneers, not the federal government. For reasons that are partly unclear today, the federal governmental agency most active within the business affairs of California’s underground gold mines is funded in the Executive Branch administered by the Secretary of Labor. Not only is it unsupported of domestic mining, it continues an unwarrantable attack on the underground California gold miners, men just trying to eke out an honest living while adding to the national gross product…wealth.

How shall we reach those responsible and make them accountable? How do we tell and convince the Secretary of Labor's network that its failures hurt those whom it is lawfully required to protect? More on this will be forth coming.
 By Kit Carson

09/15/2011  4:55PM

Kit Carson rode over to his Nevada Lode claim, and took a very low tech look around. Amazing, in that I found myself in a canyon of Quartz. There were quartz veins at the surface everywhere. Brown, yellow, and orange quartz were observed. There were pieces of black granite streaked with white quartz. Quite amazing, beautiful, and a long way from the California mother lode. The veins even went over the mountain to the dry stream on the other side.
 By Kit Carson

09/06/2011  5:26PM

My horse was exhausted after the 19 miles ride up Ridge Road from hiway 49. Fortunately, my Falcon MD20 metal detector (with 300KHz) was a lightweight tool so we had the energy to ride out of Alleghany after the tailings were tested. Mike Miller said I needed a positive attitude, so when it started to wane, I turned up the sensitivity. I handed Mike a bag of false positives, hoping one or two might prove to have a bit of pay. It was a good experience, but I realized gold is expensive because it is quite rare. Let's hope my Nevada Lode is El Dorado, and Mike hooks up with an honest sheriff and also some cowboys with guts. Kit Carson is on his side.
 By martin newkom

08/29/2011  2:46PM

Good Luck with the new radar!!!
 By Michael Miller

08/29/2011  2:35PM

Sorry Kit, more data to analyze due to additional underground scanning, but your horse is still at large. Ride on over to the Sixteen to One so you can check out your machines in the mine. Give me a call.
 By Kit Carson

08/27/2011  5:29PM

One year and 4 months has passed since the last technology post. Any breakthroughs? The high frequency Falcon hobbyist detector seems to be successful. Any new technology horses for Kit Carson to mount and find gold in his Nevada lode?
 By Michael Miller

04/29/2010  1:56PM

Please go to the NEWS section of this site for a news release about our latest activities with Ground Penetrating Radar. Andrew Yeiser, who is a director candidate for the upcoming year, is leading the project. Shareholders will vote for directors at the June 26, 2010 annual meeting in Alleghany.
 By tedted

12/18/2009  9:29PM

To whom it may concern.

Available on the market metal detectors offer discrimination metals, mostly they select ferrous metals from nonferrous, with poor discrimination between gold,silver, copper or aluminum.
Recently I made discovery which allows me to build a prototype of metal detector capable to select gold from another metals. Experiments show very high reliability to distinguish that whether the target is a gold or another metal with accuracy of 99%. Prototype was tested with various metals of different shapes such as foil, flat metals (small thickness with large surface ) long rods, nails and so on, from different distance and angle. Experiments show that orientation and distance do not effect readings, and gold have own signature impossible to imitate by another metals. Prototype can detect gold ring from distance of 20 cm.

If your company is interested in licensing my technology, please don't hesitate to contact me. korted@rogers.com

Sincerely
Ted Korczak
 By Mark Wolff

10/12/2009  12:08PM

Recent successful demonstrations of long-range ore body detection using Induced Polarization means at high amperage are described here:

http://www.reuters.com/article/marketsNews/idUSN156191520090915?rpc=44

Akin to geo-seismic oilfield methods which produce detailed 3-D subsurface mappings, this technology has been used at smaller scale for years in that setting and in exploration at mines in Canada. A web-search on 'induced polarization' will yield equipment makers.

This might be a way for the 16-to-1 to locate some fresh targets beyond the range of metal detection techniques thus far employed!
 By Renegade

10/07/2009  10:41AM

As an owner of an Eastern Historic Gold Mine with large reserves and recent core samples of 1.126 opt at 96.5 feet below surface. I am looking for technology help in finding definition on the ore body(ies) without having to drill, drill ,drill.
 By daven

12/09/2008  10:42PM

Interesting reading. Talked with a company about Pulse Induction Metal detectors. They say about 15 feet deep. Un like radar witch needes to work down and is usless other wise. Works with Magnetometer. And is afforadable for mining.

http://www.accuratelocators.com/index.html
 By Michael Miller

12/15/2007  1:05PM

A “false positive” was a new concept for all of us at the mine. Between 1993 and 1998 six groups and a number of individuals came to Alleghany with either existing equipment of ideas and money to development a gold detection machine. We provided the opportunity and our contribution was to mine the targets that showed up from their detection.

After several disappointing results from our drilling, blasting and mucking the target, we became more and more critical of just what the scientists represented as a positive target. I learned that disappointment in technical research is to be expected and the scientists called these “false positives”. I did not think these were very positive after awhile but reluctantly adopted the language of science ie, “false positive”.

Some of the things we found during our part of the deal were: vugs, horses, old pieces of equipment, and dramatic changes in the quartz. A vug is a small cavity in a rock (quartz in our case). It may be lined with crystals of a different mineral or quartz crystals but the open space alters the detection response. A horse can be a splitting of the vein but what we usually identify as a horse is a large block of displaced wall rock caught along a fault or a mass of country rock lying within the vein. Signals act differently because of the physical differences between quartz and the country rock.

After many encouraging positives both false and true, we decided that it was impractical to continue the chase. Most of the errors were human(the need to get good results to encourage more working capital or sloppy work procedures); but one important concern is what is called the rock to sender interface. With radar it is important to get rid of clutter. If the rock to sender interface is not addressed, as much as eighty percent of the electrical signal creates clutter and negates much of the depth and reliability of the equipment.
 By gfxgold

12/15/2007  11:21AM

Mike,
Something that might be of interest to the reader (and myself) is a description of a false positive. Is there any one thing that was found more often then not (other than the lack of gold) or a set of physical properties that was noticed when heading for the target?
 By Michael Miller

12/15/2007  11:04AM

There was an important new development in gold detection in the Sixteen to One last week. It reduces the time to develop the soft wear required to distinguish gold from a positive signal that is not gold but some other physical characteristic that appears positive. It also greatly reduces the costs involved in mining the targets identified by ground penetrating radar (GPR).

People unfamiliar with our high-grade gold deposit and unfamiliar with the science of blind detection cannot imagine how significant metal or gold detection is. With equipment penetrating just the depth of four feet, we have mined millions of dollars of gold from areas left by past miners. Twenty to fifty feet is attainable now by all accounts provided by people or companies working with radar detection. With this new development it becomes practical to look at all targets without the former concern of finding nothing more that the dreaded “false positive”.

The next step is to bring in the best hard ware available. I do not know where it is but now am confident that we can afford to chase these targets without duplicating the problems encountered between 1993 and 1998.
 By DieHard

03/27/2007  11:34PM

Hey folks. I'm new to the forum but not Prospecting and Treasure Hunting. I had an interesting discussion with some fellow prospectors this evening that inspired me to check out the site tonight. I'm told that the 16 to 1 is now utilizing detectors and such to discover new deposits beyond what's visible or speculated. I've had the thrill to find some beautiful specimens (both lode and placer gold) using this technique. Last year I invested a substancial sum of money in some technology that has been utilized by the government for several years and has been made available to us for the past ten. Problem is the cost of entry, but perhaps most difficult is the learning curve. My past experience with this device has proven that once I've scanned a "known" target then I can analyze the 3 dimensional image and sure enough learn how to identify other targets of the same. It has the capacity of imaging up to 60 feet in debth, depending on the type of target and other interferences. Now I've made several trips out using the device to locate lode gold and found that I also need sample scans of known targets. Once this is accomplished it will enable me to provide an invaluable service to myself and others. If anyone has any input as to how I can accomplish this objective and both parties find it mutually benificial, please let me know.
 By Michael Miller

05/15/2006  3:49PM

We are firm believers in the application of modern technology in the Sixteen to One mine. The wind is blowing in our direction. Security is driving the wind. Confidentiality with certificates of agreement and understanding limits just how much of the advances are reaching the public and us. Some of the small companies with leading edge developments want to keep their process close to their chests ($$$$ is a factor). Some of the large companies want to buy the small companies. One such instance has an asking price of $200,000,000. That is a lot of security machine sales. For us it would be less than a 200,000-ounce pocket! If we can attract some of these industrious, brainy scientists to venture into the mine’s Beta site, it could be profitable for everyone. I do know that tiny differences, as long as they can be measured and identified with the sources of the differences will be a great prospect in finding gold hidden by quartz. Until such time as someone pops for the money and he or she knows the potential of our mine, we remain open to all serious detection. The wind of discovery is blowing but is not yet felt.

Yes, we mined four of the five anomalies. The first was a pinching of the vein, a geologic structure and no gold. The second was a horse, a geologic term for an irregularity cutting out a portion of the vein. One was a vug, a geologic term for an open or vacant space. We did not mine the weakest remaining one after we located an old abandoned slusher.
 By Roger

05/14/2006  11:08AM

Mike,

You mention that the RIM Technology worked locating the several anomalies, Did you mine to those anomalies, and if so what did you find when you got there? ie How much gold? You say that the technology works but that the processing the data takes time, that seems to me just a matter of manpower thrown at the problem. Finally, what is the cost of this equipment and the cost to operate it?
 By Michael Miller

02/27/2006  7:42PM

In 1992, we began using metal detectors in the mine. Soon other methods of locating gold surfaced, one was GPR (ground penetrating radar). It works. We were able to “see” through the quartz and an image would appear on the screen. The Discovery channel presented a ten-minute special about our work around 1994. The problem seems to rest in the interpretation of the data. What does gold look like on a computer screen? What are the other anomalies we see via the technology?

We became a Beta site for a five-year program of serious gold detection with companies interested in using modern technology to find gold. We learned a lot. The Sixteen to One mine is a great mine for research because the quartz is benign and the gold is very concentrated. Over the years the miners became familiar with the term, “false positives” (a phrase I particularly detested). No research was successful in breaking away from the ‘souped up’ hobby type detectors we were using with great success on a regular daily basis. Too bad, but we observed reasons why the others failed yet had no control over their methods.

Another type of detection came from Colorado. It was called RIM technology (radio imagining method). It also worked. We were able to locate anomalies within five hundred feet of quartz between the 1700-foot level and the 2200-foot level. One of its drawbacks was the length of time it took to process the data. Therefore, we declared that our gold detector of the future must be in “real time”. The hardware is not stopping our progress. It is the software and the adaptation of the equipment to meet the demands of an underground mine. Miners are not known to be dainty guys, and mines are known to be wet and dirty. Our future detector must be durable.

We spent a lot of time and money chasing those false positives; however we are willing to continue the search for an electronic improvement to identify the high-grade gold in the scattered but abundant pockets. (The Sixteen to One agreed to actually mine the signals or spots where the outside research companies believed showed a gold pattern.) We do not even care if the eventual accuracy is only forty percent. This is a very rich mine. We can strike out sixty percent of the time and still find a lot of gold.

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