COMMONLY USED GOLD WEIGHTS & MEASURES
© 2009 The Claim Post, All rights reserved.
1 FULL OUNCE OF GOLD = 20 pennyweight (dwt)
Worth $1,000.00 prox. figuring gold market values at $1,000.00 oz.
Our Salmon River gold mining claims properties contain hundreds if not thousands of ounces of fine gold within their boundaries as well as untold amounts of specimen gold nuggets.
Conservatively speaking...persistent panning
should produce more than a pennyweight per day
using nothing more than a few basic hand tools...
Any serious highbanking operation
should result in the recovery of
a minimum of 2-5 pennyweight
a day. (1/8 - 1/4 oz.)...
Using just a 5-inch dredge should result in
an average recovery of 1/4 - 1/2 oz. of gold per day.
This does not include hitting into rich paystreaks,
finding specimen gold nuggets, locating
gold-filled seams / cracks in bedrock
or finding pockets / sources of gold.
These are incredible values at today's prices
to say nothing of near future speculations of
$2,500 oz. gold prices or higher.
when you're ready to own a gold property.
Clean fine gold can be sold at 80% - 100% daily spot price prox. (depending upon the Buyer).
Smaller to medium sized nuggets (apprx. 1pwt) can be sold slightly over spot.
Medium sized nuggets
(1-5 pwt) generally sell for 10% over spot.
Half ounce nuggets or larger typically command 1 - 3 times spot.