![]() ![]() ![]() Bringing in a dredge from elsewhere or building a new one would have cost a tremendous amount.'' Lusney continued, ''and we thought there was potential for developing it with a dredge. ''The nature of the gold deposit, being under water, would have m ade a buldozer operation very, very difficult, and very expe nsive. ''The dredge was right there, sitting on the property,'' explains John Lusney, a mining consultant with Queenstake. So Queenstake bought the dredge from the Lerners, who now work for Queenstake. ''We bought it purely for the purpose of speculation,'' Jeff Lerner says.īut the dredge was sitting on property held by Queenstake and seemed suitable for the operations planned by the Vancouver, B.C., mining company. So the Lerner brothers bought the abandoned dredge in Clear Creek, although it had been thoroughly vandalized, for $35,000 in Canadian funds. Spiraling gold prices in 1979 spawned the second Gold Rush, making dredge mining look profitable again. By 1966, all the dredges in the district were shut down. The dredge worked the rich creek gravel until rising costs overtook the price of gold. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |