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dc.contributor.authorDonaldson, W.S.
dc.date.accessioned2018-09-29T02:10:04Z
dc.date.available2018-09-29T02:10:04Z
dc.date.issued2002-12-01
dc.identifier.urihttp://hdl.handle.net/10150/629665
dc.description“A gold miner is a liar standing next to a hole in the ground.” The quote, traditionally misattributed to Mark Twain,1 defines the experience of the many investors who have lost money in dubious Arizona mining projects. The state has a long and glorious history of mining scams, a history that continues today. The introduction to the Arizona Department of Mines and Mineral Resources’ (ADMMR) mining scams circular2 describes the phenomenon: A time-honored method to bilk the public of millions of dollars is the ubiquitous mining swindle. Since an unusually rich ore deposit, or bonanza, has historically produced enormous profits for the developer, many of us believe that we too, like the ‘49er, can strike it rich. The glamour attached to “discovery” creates, in the imagination of some people, a relatively easy way to attain fantastic wealth. Although money can be made in mining and this Department certainly encourages mining, we also have a responsibility to urge the public to exercise prudence in its investment. Too many people have lost their hard-earned savings on an illadvised mineral scheme. Archives are full of outrageous examples of mining scams and swindles in which the only beneficiary was a glib entrepreneur with unbounded optimism. In most cases, he disappeared before his investors realized what happened.
dc.language.isoen
dc.relation.ispartofseriesADMMR OFR-02-20
dc.relation.urlhttp://repository.azgs.az.gov/uri_gin/azgs/dlio/1311
dc.rightsArizona Geological Survey. All rights reserved.
dc.subjectArizona Department of Mines and Mineral Resources
dc.subjectHistoric
dc.subjectArizona
dc.subjectsalting gold
dc.subjectmining fraud
dc.subjectfraud
dc.subjectunassayable ore
dc.subjectmining scams
dc.subjectmining industry
dc.titleArizona Mining Scams and Unassayable Ore Projects of the Late 20th Century
csdgm.bounding.west-114.741
csdgm.bounding.east-109.116
csdgm.bounding.north37.0355
csdgm.bounding.south31.4826
dc.description.noteThe Arizona Department of Mines and Mineral Resources (ADMMR) formally closed in 2011. In July 2011, AZGS was charged by the State legislature with carrying out the duties and responsibilities of ADMMR.
dc.description.collectioninformationDocuments in the AZGS Document Repository collection are made available by the Arizona Geological Survey (AZGS) and the University Libraries at the University of Arizona. For more information about items in this collection, please contact azgs-info@email.arizona.edu.
refterms.dateFOA2018-09-29T02:10:04Z


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