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There are no valuable minerals in the Colorado river in the Grand Canyon. You could pan the rest of your life and never get a speck.The river is part of the Grand Canyon National Park and has been off limits to mining for years.
The article you are quoting has nothing to do with mining the river or the National Park. The million acres is well outside the park boundaries.
The author of that story is better known for stories like "Why Does Bob Dylan Hate Merle Haggard?" and "Fatboy Slim on Woodstock, Rehab and David Byrne's Dance Skills". Sometimes you just have to consider the source.
Heavy Pans