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There will be endless enviromental hurdles and impediments to the Conglomerate Mesa development as Timberline Resources Corporation discovered and that is why they passed on the project.

If you think that the price of gold will have an effect, think again after you read this.


California Gold Country raises objections to reopening mines


By Dale Kasler
[e-mail]
Published: Monday, Nov. 22, 2010 - 12:00 am | Page 1A
Last Modified: Monday, Nov. 22, 2010 - 7:21 am
California is being left behind by the new Gold Rush.

Despite sky-high prices and the state's rich gold legacy, the industry here is mostly dormant. California trails the leading gold-producing state, Nevada, by a wide margin.

A California revival is hardly imminent. Companies trying to reopen old mines in Grass Valley and near Sutter Creek have slogged through years of red tape, and there are no guarantees of success. The Sutter Creek plan is at least a year away, while Grass Valley is several years from reopening.

Standing in the way: scarcity of capital and strict environmental standards.

Read more: http://www.sacbee.com/2010/11/22/3202923/california-gold-country-raises.html#ixzz1PXWsJyv4