How rich is rich?

[Jeff95531]

It's raining and I'm daydreaming about the gold. I did some searches on this but didn't find what I wanted so tried to do it myself.

Lets say you get consistently 0.2 grams of gold out of a 5 gl bucket.

0.2 x five-5gl=1.0 gram

155-5gl buckets should produce a troy ounce of 31.10

41-5gl buckets =1 cubic yard
so approx 4 cubic yards of dirt will be processed. Divide by 4 =$300 per square yard (based on current spot of $1200)

Seems awfully rich. Did I mess up anywhere?

 

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[goldenIrishman]

Great thread. Goldenirishman, could you give more information on the classification system designed by "Chris" that you mentioned in your post?

Actually it's VERY simple. Chris came up with a large basket out of a freezer that fit perfectly into the top of a 20 Gal tote that you can get at Wally-World. He lined the inside of it with 1/4In hardware cloth and some thin ply (kind of like door skin material) It can handle 3-4 shovels full of materials instead of having to do it one shovels worth at a time. Really speeds up classifying. I'll see if I can get Chris to post a picture or two of it. Once you see how simple it is, you'll wnt one too!

 

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[Bonaro]

It's a learn as I go process Bonaro. I'm retired and I've had my fill of 8 to 11 hour days. The vac would help but everything is illegal cept for small hand tools right now, so no sluice or trommel. Still, the more I learn the more gold I find and I just might get "lucky".

I am not current on Cali regs but I believe only dredging is closed. It's my understanding that you can still highbank and otherwise prospect if you are not in or near the river

 

[Jeff95531]

True, which is what I'm doing. Panning, sluicing, etc is off limits at this time according to the local FS.

 

[Jeff95531]

I also have a gas pack vac you can borrow if you want to make a stealth run Jeff. Get an area ready and it's pretty fast.

Mike

Thank you Mike! I sent you a PM.