Wild Bill Posted May 31 Share Posted May 31 A few years ago the Ruby Tertiary Drift Mine was for sale for $2.5 million. Apparently Discovery Minerals purchased it but the company has since seemed to have disappeared and stock quote is $0.0000… The advertisement said it was fully permitted but I had my doubts. For example the discussion on this forum about the restrictions on just a little high banker and a shovel. Although underground, you’d still be mucking and washing considerable yardage. Containment and recycling would be required. There’s four miles of pay channel yet to be mined and a producing quartz lode, the Ruby Lode Mine. Wife “Looks like Parker Schnabel missed the boat.” I commented “Is anyone washing channel gravels in the Sierras? It’s not for lack gold!” http://www.rubymine.com/2023 Brochure.pdf Miles of channels have never been mined and the course of these channels have been cut off by the present river and tributaries distributing the same gold at lower elevations. Good areas to detect but especially down slope where the channel course was cut off by present waterway now much lower. In some areas, the lava cap has eroded away exposing rich ancient placers. It looks like some detector prospectors are doing well on exposed Tertiary gravels. There’s a lot of gold still out there and yes even some real lunkers. 5 1 Link to comment https://www.detectorprospector.com/topic/28496-ruby-gold-mine/ Share on other sites More sharing options...
Wild Bill Posted May 31 Author Share Posted May 31 The Ruby isn’t on the market anymore but I don’t know if it’s operating. Anyone know? Link to comment https://www.detectorprospector.com/topic/28496-ruby-gold-mine/#findComment-297755 Share on other sites More sharing options...
Gold Ryder Posted May 31 Share Posted May 31 Many a fool has parted with their $ in such endeavors. Its the lure of the gold shiney, legends told, songs sung, dreams fold. Link to comment https://www.detectorprospector.com/topic/28496-ruby-gold-mine/#findComment-297758 Share on other sites More sharing options...
Wild Bill Posted May 31 Author Share Posted May 31 Well Gold Ryder, ya gotta admit that’s some pretty good color. 🤩 Link to comment https://www.detectorprospector.com/topic/28496-ruby-gold-mine/#findComment-297761 Share on other sites More sharing options...
Wild Bill Posted May 31 Author Share Posted May 31 Interesting. A few years ago. https://www.nasdaq.com/press-release/discovery-minerals-commences-mining-operations-2021-04-13 Link to comment https://www.detectorprospector.com/topic/28496-ruby-gold-mine/#findComment-297762 Share on other sites More sharing options...
Sgtfda Posted May 31 Share Posted May 31 The two greatest disappointments in life. One not getting what you want. The other getting it. 1 1 Link to comment https://www.detectorprospector.com/topic/28496-ruby-gold-mine/#findComment-297764 Share on other sites More sharing options...
Wild Bill Posted May 31 Author Share Posted May 31 Not sure if these gentlemen frequent this forum but they do seem to be on a Tertiary channel that has most of the overburden eroded away. See 530 mining YouTube channel. Ive posted these pics recently and don’t want to be redundant but the one in the pan is 21 ounces and the one in my hand is 20 ounces with 9 ounces gold. Both from Sierra County California. We don’t know how many like these are found but the finders want to keep a low profile. I had seen quite a lot of similar nuggets found by others in the years I spent there prospecting and mining. I do believe that some of the guys on this forum that work diligently in the California mother lode will find nuggets similar to these. Not easy but they are out there. Go find them! I’m nudging you younger men that can handle the terrain… Nevada and Arizona as well. 2 Link to comment https://www.detectorprospector.com/topic/28496-ruby-gold-mine/#findComment-297781 Share on other sites More sharing options...
Sgtfda Posted May 31 Share Posted May 31 A friend found this in the Superstition Mountains. 30 oz in this piece. That's me holding it. 2 2 Link to comment https://www.detectorprospector.com/topic/28496-ruby-gold-mine/#findComment-297799 Share on other sites More sharing options...
King-Of-Bling Posted June 1 Share Posted June 1 10 hours ago, Wild Bill said: Not sure if these gentlemen frequent this forum but they do seem to be on a Tertiary channel that has most of the overburden eroded away. See 530 mining YouTube channel. Ive posted these pics recently and don’t want to be redundant but the one in the pan is 21 ounces and the one in my hand is 20 ounces with 9 ounces gold. Both from Sierra County California. We don’t know how many like these are found but the finders want to keep a low profile. I had seen quite a lot of similar nuggets found by others in the years I spent there prospecting and mining. I do believe that some of the guys on this forum that work diligently in the California mother lode will find nuggets similar to these. Not easy but they are out there. Go find them! I’m nudging you younger men that can handle the terrain… Nevada and Arizona as well. Very nice rock you found. Did you crush it up to figure out you got 9 oz out of it ? Link to comment https://www.detectorprospector.com/topic/28496-ruby-gold-mine/#findComment-297821 Share on other sites More sharing options...
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