Pocket Gold Mining
Pocket mines are an excellent example of finding a higher-paying market for a commodity, while reducing your mining production
costs. One ton of pocket ore can easily be worth over $100,000,000.00. Mining costs are cut in half, because there is no milling
of the ore and mineral exploration methods are simple and inexpensive.
The buyers for pocket gold ore are mineral collectors and where the specimen gold is suitable for cutting into cabochons;
there is massive demand for specimen gold in the jewelry trade.
Pockets are called vugs by geologists and bolsas (purses) by Spanish miners. These vugs usually occur irregularly in or
near quartz veins. Crystal quartz mineral specimens can be a by-product of pocket gold mining.
Because of the irregular, small oreshoots of pocket gold mines, these gold mines have had very limited past gold production.
One or two 19th Century lode gold miners would follow the underground leads, seeking a few hundred pounds of extremely rich
ore. They would hand mill the ore to recover the gold. The dore gold would be sent to the U.S. Mint and the miner would get
a Government check for about $17.00/oz of shipped concentrates. Often pocket miners earned enough money to sustain themselves
and their families for their lifetime. But, such small mines were never of interest to mining companies, due to the very small
Even today, there is very limit interest or knowledge about pocket gold mining. Thus, there is mining opportunity for well-informed
miners and investors to take a high-stakes gamble.
There are niche markets paying higher than the bulk market price for assorted commodities. If you know of a niche
market for any commodity, we probably know of a mine that might supply your needs.