Hello all
I have been finding alloy nuggets that consist of 60% iron, 7-10% gold, 10% pgm mostly iridium, and 20% copper / nickel. The typical size is about 1 gram and fairly plentiful.
I live in an area with known precious metal reserves but there has been no commercial mining of these sites so there is no associated refining / commodity infrastructure.
Due to restrictive mining / prospecting laws I'm basically limited to a pan and a shovel with nothing that can be considered mechanical so the overall quantity one can reasonably collect is limited maybe a few ounces of gold and pgm metals over the course of a summer.
The larger nuggets I can get spot price for the precious metal content. The smaller stuff I'm not sure what to do with. Do I acid leech the gold and write off the pgm's as a loss. Is it worth sending to a refiner to recover the pgm's? Do I just keep it as is and sell as scrap?
I have been finding alloy nuggets that consist of 60% iron, 7-10% gold, 10% pgm mostly iridium, and 20% copper / nickel. The typical size is about 1 gram and fairly plentiful.
I live in an area with known precious metal reserves but there has been no commercial mining of these sites so there is no associated refining / commodity infrastructure.
Due to restrictive mining / prospecting laws I'm basically limited to a pan and a shovel with nothing that can be considered mechanical so the overall quantity one can reasonably collect is limited maybe a few ounces of gold and pgm metals over the course of a summer.
The larger nuggets I can get spot price for the precious metal content. The smaller stuff I'm not sure what to do with. Do I acid leech the gold and write off the pgm's as a loss. Is it worth sending to a refiner to recover the pgm's? Do I just keep it as is and sell as scrap?