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Interesting news:Japan sewage yields more gold than top mines,

(51265)
Friday, January 30, 2009 10:32 PM 

http://www.iii.co.uk/shares/type=news&articleid=7144096&subject=markets&action=article

ZB replied on Saturday, January 31, 2009 01:10 AM 

Ch Sahib, Please check the link it is not available.

Naveed Yaseen replied on Saturday, January 31, 2009 02:41 AM 

The same news may be found at following link
http://malaysia.news.yahoo.com/rtrs/20090130/tbs-gold-sewage-7318940.html

While on topic, is anyone familiar with any late-age attempts on commercial gold mining in Indus river sands in Baltistan? Historically this region (recorded as 'Dadi' or 'Dradi' in ancient scriptures) had significant gold mining activity until a few centuries ago. Even today some people, though poor, make their living by manually sluicing gold from sands in this area.

I think this area may have some potential of heavy minerals and/or gold if explored by hyperspectral imaging and mined by scientific methods. Following is abstract of a geological survey carried out in late 50s, perhaps by some German entity.

"Title: URANINITE OCCURRENCE IN HEAVY MINERAL SANDS OF THE INDUS VALLEY
In the gold-rich sands of the Indus River, especially in the northern part of West Pakistan, uraninite, monazite, scheelite, zircon, ilmenite, and previously unknown minerals were discovered. Uraninite exhibits an abnormally high radioactivity which could be traced back to the decay products of the radium series. The type of radiation was investigatod and discussed. Chemical and physical separations were made to detect the raniation source. Uraninite is especially enriched in the smallest grains, generally in idiomorphic form. The occurrence was compared with other known occurrences. It was shown that a weathering of uraninite can follow different patterns and that a liquid transport of several 50 km as well as an enrichment in alluvial ores results. The economic possibilities were mentioned."

Waqar Latif replied on Saturday, January 31, 2009 03:46 AM 

... Pakistani Government, who always complain about energy crisis.. if they wanted then they could give free energy to whole pakistan.. from uraninite & Coal... but..

CMY replied on Saturday, January 31, 2009 05:49 AM 

http://news.yahoo.com/s/nm/20090130/od_uk_nm/oukoe_uk_gold_sewage

TOKYO (Reuters) – Resource-poor Japan just discovered a new source of mineral wealth -- sewage.

A sewage treatment facility in central Japan has recorded a higher gold yield from sludge than can be found at some of the world's best mines.

An official in Nagano prefecture, northwest of Tokyo, said the high percentage of gold found at the Suwa facility was probably due to the large number of precision equipment manufacturers in the vicinity that use the yellow metal.

The facility recently recorded finding 1,890 grams of gold per tonne of ash from incinerated sludge.

That is a far higher gold content than Japan's Hishikari Mine, one of the world's top gold mines, owned by Sumitomo Metal Mining, which contains 20-40 grams of the precious metal per tonne of ore.

The prefecture is so far due to receive 5 million yen (39,075 pounds) for the gold, minus expenses.

It expects to earn about 15 million yen for the fiscal year to the end of March from the gold it has retrieved from the ashes of incinerated sludge.

"How much we actually receive will depend on gold prices at the time," the official said.

Some gold industry officials expect prices this year to top the all-time high above $1,030 per ounce set in 2008, on buying by investors worried about the deepening economic downturn. (Reporting by Miho Yoshikawa; Editing by Hugh Lawson)
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