Friday, April 22, 2011

New Gold Discovery!

One hundred years ago today, April 22, 1911 the Rogue River Courier (now known as the Grants Pass Daily Courier) reported the discovery of one of the richest and largest finds in the history of gold mining in western America.



It was found on property owned by L.B. Higgins in the Kerby area. The Courier stated, "It is declared by conservative men that $2 million or more in free gold is actually in sight."

A.E. Voorhies, owner of the Courier and F.D. Tower took a trip to the site of the gold discovery and confirmed that Mr. Higgins "has much gold."

The "Gold Standard" at that time was $20.67 per ounce, and the current price of gold is approximately $1,460 per ounce.  You do the math!

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