http://www.suttergoldmining.com/i/pdf/SGM_Corp-Presentation_May-9-2013_web.pdf
History often repeat itself -
Gold Country (California, United States)
The Kennedy Gold Mine which operated from 1870 until 1942.
Gold Country is the casual name given to the area on the western
slope of the Sierra Madre Mountains extending along what today is
Highway 49 in California.
It was the discovery of gold here in the tailrace at
Sutter’s Mill that triggered the famous California Gold Rush
of 1848-1855.
Within only a few years of the discovery, nearly 300,000 people
made the trek to California to seek their fortunes.
San Francisco grew from a population of 1,000 to 25,000 by 1850.
Initially, prospectors focused on panning for gold but later moved
to hydraulic mining in which pressurized water was used to loosen
sediment along slopes and cliffs for processing.
It is estimated that some 20 million ounces of gold was collected
using these labor intensive methods.
The Kennedy Gold Mine which operated from 1870 until 1942.
Eventually, the gold rush period gave way to conventional hard rock
mining.
This required the intensive capital investment provided by
companies.
Mines in the area continued to operate up through WWII when the
government forced their closure to direct resources for the war
effort.
One such operation was the Kennedy Gold Mine in Jackson, which by
1920 contained a remarkable 150 miles of underground tunnels
reaching depths of 5,912 ft.
After the war the mine lay dormant until 1961 when the 152 acre
property was purchased by a ceramics teacher for $41,600 who lived
there until her death in 1994.
Now, it is preserved as a historical site.
When the price of gold soared in the 1970s, interest in the area
renewed and several mines were opened using the more modern method
of open pit mining.
In some cases older tunnel mines were excavated.
By the late 1980s, most of these mines had ceased operations due to
the depressed price of gold. One in particular, the Harvard Mine
near Jamestown, continued operations until 1995 with production in
excess of 100,000 ounces of gold per year.
Sources
http://virtual.yosemite.cc.ca.us/ghayes/goldrush.htm
http://www.kennedygoldmine.com/files/history2s.pdf
http://en.wikipedia.org/wiki/California_Gold_Rush
http://en.wikipedia.org/wiki/Gold_country
Why $50,000 Gold?
http://www.jsmineset.com/2013/04/19/why-50000-gold/
Outlook 2013-The_Irreversible_Trends_Driving_Gold_to_$10000 - PART 3
Outlook 2013-The_Irreversible_Trends_Driving_Gold_to_$10000 - PART 2
Nick Barisheff, president and CEO of Bullion Management Group Inc,
discusses the irreversible trends that will drive gold to $10,000.
In a world where financial and geopolitical certainty is
evaporating, no one knows what Black Swan event could cause an
explosion in the gold price.
Some have suggested it will be the failure of a major bank through
derivative exposure, a Middle East war, or a major downgrade of
U.S. bonds might also be the catalyst.
In 2013, as has been the case since 2001, the best policy for
wealth protection remains to simply buy and hold uncompromised
bullion until we are once again on solid economic footing.
Hear Nick Barisheff's Outlook 2013 Part 1 Now!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86981008
World Gold Council: Price Decline Spurs Widespread Physical Gold Buying
http://www.kitco.com/reports/KitcoNews20130418AS_2.html
SGM Gold - Continuous Contract (EOD) ($gold
Sutter Gold Mining company pours its first molten gold -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86916065
http://www.suttergoldmining.com/s/Home.asp
God Bless
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