SMRs and AMRs

Thursday, February 10, 2011

Old Mines Reopen in a Revival of California’s Gold Rush

By JESSE McKINLEY
NYT

SUTTER CREEK, Calif. — Standing in a cramped, slanted and slippery crevice some 500 feet below the earth’s surface, David Cochrane turned his eyes to a ribbon of marbled quartz — mainly gray, amber and white — and found the one hue he was actually looking for.

“Right there, see? It’s small but it’s very colorful,” Mr. Cochrane said, pointing at a shiny speck no bigger than a seed. “It’s got that nice yellow color.”

It was gold, and if people like Mr. Cochrane have their way, gold will soon be big business again in California’s Mother Lode, in the same area of the Sierras — and occasionally the same mines — where the old-time prospectors once used pick axes, ore carts and burros to chase their riches.

“People say the Mother Lode’s mined out,” said Mr. Cochrane, a vice president with Sutter Gold Mining Inc., based in Colorado. “But that’s not the case.”

(More here.)

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