by mflugher » Wed Oct 03, 2012 11:03 am
I'm making quite a few assumptions here since I don't have detailed descriptions of what you are doing, but these general steps should get you in the right direction. Basically all you are going to do is mini mine samples, assay results and see how much gold you end up with (milligrams or micrograms), then extrapolate backwards till you see how much material would need processed to get $1 worth of gold, then you need to figure out if you can process that much material for less than $1.
asssuming you don't have to dig down to bedrock because these volcanic rocks are near the surface...
1. collect rocks from a variety of locations on your property, mark their locations and record where sample 1/2/3 came from. depending on the size of the property you may need to take dozens or hundereds of sample locations. measure the weight/volume of said rocks in each sample.
2. Crush the rocks with a hammer into dust... You will have to get it small enough that the rocks are no longer attached to the gold, if the gold is the size of sand, you need to crush till you get the size of sand granules, if the gold is the size of baseballs (lol), you have a much easier job, if its microscopic perhaps running the material through a rock tumbler with a harder stone as your abrasive until you end up with just mud is the way to go.
3. get a sample of say 1 gallon of this dust and weigh it
4. pan the gold alloy out of the rocks... you can buy the pan on ebay, you can learn how to do it via youtube, you will probably end up with some miniscule amount of gold flecks or fine dust mixed with some other materials which are relatively dense and difficult to pan out. Dry your material and weigh it. You will need to be sure you do this right or you will be losing gold and throwing off later calculations. practice practice practice, or hire an expert to help you.
5. you now need to extract the gold from the black sands (at least thats what the gold contaminant around here is called, yours may be different) this will depend on the type of material you have to seperate sometimes it can be done with magnets, sometimes it can be done with panning again, sometimes it takes mercury to extract it (dangerous be careful) whatever. It can even be assayed as is but it will be more expensive... after this process dry your material and weigh it.
6. at this point you have a semi pure sample, it may be 1% gold alloy mixed with contaminents (yes for gold mining 1% is pretty pure) it may be 90% gold alloy. you need to get these samples assayed. obviously the less promising looking samples will be set aside and you will want to save money by assaying only the best samples.
7. you will now have assay results on a known size sample of "processed" rock so you will know in 1 gram of your final mixture you have say 2 mg of gold, work backwards through the steps and figure how much volume/weight of raw rocks you need to process to get 1 oz of gold.
8. repeat with more samples from various locations untill you find a location that you feel is commercially/hobby viable.
If you need help with the assay, I have contacts.
If you need an investor, after the assay reports and some site surveying if it seems reasonable I might be interested, or know people who are.
Alternatively for between a few dollars or a few $K you could probably get an expert to review the reports your friends got years ago and give you a new number, or you could have a professional redo the reports probably by using some variant on the above instructions.
Good luck.