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Salting (confidence Trick)
In mineral exploration, salting is the process of adding a valuable metal, especially gold or silver, to a sample to change the value of the sample with intent to deceive potential buyers of the mine. Examples are the diamond hoax of 1872 and the former Canadian gold company Bre-X. Salting is an example of a confidence trick. See also *Land patent *Mining *Youngberg, Arizona *Goldfield, Arizona *Highland Park, Yavapai County, Arizona *Mineral rights Mineral rights are property rights to exploit an area for the minerals it harbors. Mineral rights can be separate from property ownership (see Split estate). Mineral rights can refer to sedentary minerals that do not move below the Earth's surfac ... References Confidence tricks Mineral exploration {{mining-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mineral Exploration
Mining in the engineering discipline is the extraction of minerals from underneath, open pit, above or on the ground. Mining engineering is associated with many other disciplines, such as mineral processing, exploration, excavation, geology, and metallurgy, geotechnical engineering and surveying. A mining engineer may manage any phase of mining operations, from exploration and discovery of the mineral resources, through feasibility study, mine design, development of plans, production and operations to mine closure. With the process of Mineral extraction, some amount of waste and uneconomic material are generated which are the primary source of pollution in the vicinity of mines. Mining activities by their nature cause a disturbance of the natural environment in and around which the minerals are located. Mining engineers must therefore be concerned not only with the production and processing of mineral commodities, but also with the mitigation of damage to the environment both dur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Diamond Hoax
The diamond hoax of 1872 (sometimes called The Great Diamond Hoax of 1872) was a swindle in which a pair of prospectors sold a false American diamond deposit to prominent businessmen in San Francisco and New York City. It also triggered a brief diamond prospecting craze in the western United States, in Arizona, New Mexico, Utah, Wyoming, and Colorado. History In 1871, veteran prospectors and cousins Philip Arnold and John Slack traveled to San Francisco. They reported a diamond mine and produced a bag full of diamonds. They stored the diamonds in the vault of the Bank of California, founded by William Chapman Ralston. Prominent financiers convinced the "reluctant" Arnold and Slack to speak out on their find. The cousins offered to lead investigators to their field. Investors hired a mining engineer to examine the field. They planted their diamonds on a remote location in northwest Colorado Territory. They then led the investors west from St. Louis, Missouri in June 1872. Arrivin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bre-X
Bre-X was a group of companies in Canada. Bre-X Minerals Ltd., a major part of Bre-X based in Calgary, was involved in a major gold mining scandal when it reported it was sitting on an enormous gold deposit at , East Kalimantan, Indonesia. Bre-X bought the Busang site in March 1993 and in October 1995 announced significant amounts of gold had been discovered, sending its stock price soaring. Originally a penny stock, its stock price reached a peak at CAD$286.50 (split adjusted) in May 1996 on the Toronto Stock Exchange (TSE), with a total capitalization of over CAD $6 billion. Bre-X Minerals collapsed in 1997 after the gold samples were found to be fraudulent. Busang's gold resource was estimated by Bre-X's independent consulting company, Kilborn Engineering (a division of SNC-Lavalin of Montreal), to be approximately . Reports of resource estimates of up to were never made by Bre-X though the property was described as having this potential by , Bre-X's Vice-President for Explorat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Confidence Trick
A confidence trick is an attempt to defraud a person or group after first gaining their trust. Confidence tricks exploit victims using their credulity, naïveté, compassion, vanity, confidence, irresponsibility, and greed. Researchers have defined confidence tricks as "a distinctive species of fraudulent conduct ..intending to further voluntary exchanges that are not mutually beneficial", as they "benefit con operators ('con men') at the expense of their victims (the 'marks')". Terminology Synonyms include con, confidence game, confidence scheme, ripoff, scam, and stratagem. The perpetrator of a confidence trick (or "con trick") is often referred to as a confidence (or "con") man, con-artist, or a "grifter". The shell game dates back at least to Ancient Greece. Samuel Thompson (1821–1856) was the original "confidence man". Thompson was a clumsy swindler who asked his victims to express confidence in him by giving him money or their watch rather than gaining their confidenc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Land Patent
A land patent is a form of letters patent assigning official ownership of a particular tract of land that has gone through various legally-prescribed processes like surveying and documentation, followed by the letter's signing, sealing, and publishing in public records, made by a sovereign entity. It is the highest evidence of right, title, and interest to a defined area. It is usually granted by a central, federal, or state government to an individual, partnership, trust, or private company. The land patent is not to be confused with a land grant. Patented lands may be lands that had been granted by a sovereign authority in return for services rendered or accompanying a title or otherwise bestowed ''gratis'', or they may be lands privately purchased by a government, individual, or legal entity from their prior owners. "Patent" is both a process and a term. As a process, it is somewhat parallel to gaining a patent for intellectual property, including the steps of uniquely def ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mining
Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef, or placer deposit. The exploitation of these deposits for raw material is based on the economic viability of investing in the equipment, labor, and energy required to extract, refine and transport the materials found at the mine to manufacturers who can use the material. Ores recovered by mining include metals, coal, oil shale, gemstones, limestone, chalk, dimension stone, rock salt, potash, gravel, and clay. Mining is required to obtain most materials that cannot be grown through agricultural processes, or feasibly created artificially in a laboratory or factory. Mining in a wider sense includes extraction of any non-renewable resource such as petroleum, natural gas, or even water. Modern mining processes involve prospecting for ore bodies, analysis of the profit potential of a proposed mine, extraction of the desired materials, an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Youngberg, Arizona
Youngberg is a populated place situated in Pinal County, Arizona, United States. History Originally called Goldfield due to the nearby gold mines, The Goldfield Post Office was established on October 7, 1893, with James L Patterson as its first Postmaster.Granger, Byrd H., Arizona's Names (X Marks the Place). Tucson: The Falconer Publishing Company, 1983. p. 692 This was the same year that George U. Young arrived. After his arrival, the community also became known as Youngsberg. After a mining accident at his Goldfield mining operation, Young experienced a severe decline in his health, starting from about 1920 on, and in late 1925 he was rendered an invalid. He died from apparent apoplexy on November 26, 1926, at his vacation home near the Derby Mine. He was cremated and his remains interred at Phoenix's Greenwood/Memory Lawn Mortuary & Cemetery Greenwood Memory Lawn Mortuary & Cemetery is the official name given to a cemetery located at 2300 West Van Buren Street in Phoenix ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Goldfield, Arizona
Youngberg is a populated place situated in Pinal County, Arizona, United States. History Originally called Goldfield due to the nearby gold mines, The Goldfield Post Office was established on October 7, 1893, with James L Patterson as its first Postmaster.Granger, Byrd H., Arizona's Names (X Marks the Place). Tucson: The Falconer Publishing Company, 1983. p. 692 This was the same year that George U. Young arrived. After his arrival, the community also became known as Youngsberg. After a mining accident at his Goldfield mining operation, Young experienced a severe decline in his health, starting from about 1920 on, and in late 1925 he was rendered an invalid. He died from apparent apoplexy on November 26, 1926, at his vacation home near the Derby Mine. He was cremated and his remains interred at Phoenix's Greenwood/Memory Lawn Mortuary & Cemetery Greenwood Memory Lawn Mortuary & Cemetery is the official name given to a cemetery located at 2300 West Van Buren Street in Phoenix ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Highland Park, Yavapai County, Arizona
Highland Park, also known as Highland Pines, is a populated place situated near Prescott and within the Prescott National Forest, in Yavapai County, Arizona, United States. Highland Pines is the promotional name associated with the Highland Park areas several subdivisions. In the Arizona Territorial era up to 1912, and Statehood until around the late 1920s, this particular area of land acted as a cattle ranch with a mining history, lies within the Thumb Butte Mining District, which appears to be initially platted by the Arizona Corporation Highland Pine Properties Inc. beginning in the late 1950s. History of the land Highland Pines has a rich history of mining prospects, mining ''claims'', and cattle ranching. It is located in the Sierra Prieta region, in the Thumb Butte mining district, about halfway between Iron Springs and West Spruce Mountain. During the late 1800s and early 1900s, lode mining claims were purportedly located by several different ''prospectors'', who identifie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mineral Rights
Mineral rights are property rights to exploit an area for the minerals it harbors. Mineral rights can be separate from property ownership (see Split estate). Mineral rights can refer to sedentary minerals that do not move below the Earth's surface or fluid minerals such as oil or natural gas. There are three major types of mineral property; unified estate, severed or split estate, and fractional ownership of minerals. Mineral estate Owning mineral rights (often referred to as a "mineral interest" or a "mineral estate") gives the owner the right to exploit, mine, and/or produce any or all minerals they own. Minerals can refer to oil, gas, coal, metal ores, stones, sands, or salts. An owner of mineral rights may sell, lease, or donate those minerals to any person or company as they see fit. Mineral interests can be owned by private landowners, private companies, or federal, state or local governments. Sorting these rights are a large part of mineral exploration. A brief outline ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Confidence Tricks
A confidence trick is an attempt to defraud a person or group after first gaining their trust. Confidence tricks exploit victims using their credulity, naïveté, compassion, vanity, confidence, irresponsibility, and greed. Researchers have defined confidence tricks as "a distinctive species of fraudulent conduct ..intending to further voluntary exchanges that are not mutually beneficial", as they "benefit con operators ('con men') at the expense of their victims (the 'marks')". Terminology Synonyms include con, confidence game, confidence scheme, ripoff, scam, and stratagem. The perpetrator of a confidence trick (or "con trick") is often referred to as a confidence (or "con") man, con-artist, or a "grifter". The shell game dates back at least to Ancient Greece. Samuel Thompson (1821–1856) was the original "confidence man". Thompson was a clumsy swindler who asked his victims to express confidence in him by giving him money or their watch rather than gaining their confidenc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
