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Friday, September 11, 2015 9:16:15 PM
The Osceola Mining District is one of the oldest and most proven gold mining locations in the State of Nevada. Mining in the Osceola District, White Pine County Nevada started in the 1870’s and continues to this day. Major efforts occurred in the late 1800’s, 1930’s and 1970’s with both lode and placer mining removing considerable amounts of gold. Studies conducted throughout these periods indicate economically viable amounts of gold in both the bedrock and particularly in the placer deposits remain. Mining started in 1872 and continued until 1901 and then resumed in 1904 and ran continuously up until the 1930s. In this time span $5 million in gold was extracted, equivalent to $425 million today. From 1962 through 1991, the mine profiting $50,000 per day.
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