A Little "Clinker" in My Pan on the Mayo River
July 29, 2012
have just spent the last week running around the very southern most
part of Ecuador and northern Peru in search of interesting gold
properties. We were based mostly in Zumba. The problem with all of this
is that there is so much gold
everywhere, it is difficult to choose which one is best. The old Spanish
mining history around this place is amazing. I understand why now.
My favorite river in this general area is the Mayo River. Every single pan showed tremendous promise. Check out the photo below where you can see a little "clinker" in my pan. This was quite typical on the Mayo. The only problem is that the access to the river is quite difficult. It runs mostly in steep canyons. It would be a dredger's dream come true.
Over the years, I have seen so many gold mining operations fail. I have also seen a few gold mining start-ups that were successful. Consequently, I have developed a list of 10 criteria that should be present in order to have the greatest possible chance of success.
Unfortunately, by the end of the week down here, none of the properties I looked at could meet all 10 of my strict criteria. Time to move on I guess.
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