Sunday, 18 September 2016

Land and Gold ? on the Tulameen River, British Columbia, Canada for $55,500

Bring your dreams, bring your plans, and your pans  - this lot is perfect for you! Walking distance to town with easy access to the Tulameen River, known for its Placer Gold and Platinum.
The Tulameen River is a tributary of the Similkameen River in the Canadian province of British Columbia. The Tulameen River is part of the Columbia River drainage basin, being a tributary of the Similkameen River, which flows into the Okanagan River, which flows into the Columbia River.

"Gold and platinum deposits have been found over the lower 40 kilometres of the river. Most recorded production and exploration has occurred along two stretches. The upper stretch begins about 2 kilometres west of Tulameen and continues up the river for 12 kilometres to the mouth of Champion Creek. The lower stretch begins at Coalmont, just above the mouth of Granite Creek, and continues southeast for 19 kilometres to Princeton. See Tulameen River (092HSE235) for a detailed review of the lower section. Metals found along the Tulameen River tend to occur in old sinuous channels buried deep below glacial gravels, which yield only spotty values. Gold occurs in rough, angular or slightly flattened, rarely well-flattened nuggets. Some of the nuggets contain abundant white quartz. One nugget found near the mouth of Lawless (Bear) Creek weighed 250 grams (Minister of Mines Annual Report 1932, page 140). Platinum forms small rounded grains of uniform size. They are smaller than the gold nuggets and are commonly pitted. Such nuggets produced at a hydraulic mine just below Britton (Eagle) Creek weighed 7.8 to 15.6 grams (Geological Survey of Canada Memoir 26, page 132). Larger platinum nuggets often have a coating or included crystals of cumulate chromite, sometimes with intergrown magnetite and inclusions of olivine (CIM Bulletin, June, 1976). Platinum is also found to occur in pebbles of olivine and chromite (Minister of Mines Annual Report 1924, page 176). The gravels worked along the upper river also yielded black sands comprised of magnetite and chromite, with significant gold and platinum values (Minister of Mines Annual Report 1923, page 187). The ratio of gold to platinum recovered in this part of the river is generally about 1 to 1, but is observed to decrease upstream to the mouth of Britton Creek, where it is 1 to 2 (Geological Survey of Canada Memoir 26, pages 132, 144; 243, page 59). Small quantities of native copper and gold-bearing pellets of tetrahedrite also occur in these placer deposits"  

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