Gold fever nothing new to Pine Nuts
Nevada has a long history of gold mining, and the Pine Nut Mountains are no exception.
The first claims staked in the Pine Nuts coincided with the big strikes in the Comstock in the 1860s. Back then, everyone caught gold fever. The prospect that there might be a huge gold nugget lying about drove people to abandon their farms and lives and start digging around in the mountains throughout Nevada.
In some places, such as the Bodie Hills or out near Austin and Eureka, those searches came up big. In places like Elko, gold mining has proved to be a great economic boon to Nevadans.
In places like the Pine Nuts, the yield wasn’t quite so impressive.
That’s not to say there isn’t gold in the Pine Nuts. We’re quite certain there is. But most of the easily accessible mineral deposits have been worked and worked again.
Even with gold at roughly $1,500 an ounce, it seems like there would be a lot more interest from some of the bigger mining concerns if there were something out there.
The yields of 13-15 grams per ton seem to us like they’d require some pretty heavy investment before there were any major returns, and therein lies the danger in investing in a gold mine.
We hope that there is indeed a workable mine in the Pine Nuts, but we’d caution residents to hold off before they grab their picks and shovels and take off for the hills.