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    gold-investing

    California in no rush to mine its gold

    Investing News Network
    Nov. 30, 2010 06:12PM PST
    Precious Metals Investing

    Modbee.com reports that California trails the leading gold-producing state, Nevada, by a wide margin.

    Modbee.com reports that California trails the leading gold-producing state, Nevada, by a wide margin.

    The other editorial is quoted as saying:

    Companies trying to reopen old mines in Grass Valley and near Sutter Creek have slogged through years of red tape, and there are no guarantees of success. The Sutter Creek plan is at least a year away and Grass Valley is several years from reopening. Standing in the way is scarcity of capital and strict environmental standards.

    Click here to access the entire press release

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