Anyone who considers prospecting for gold a good idea
during the economic downturn will be pleased to hear that the Thailand
government will finalize its gold mining policy in May this year - a move
that could spark a new gold rush.
Gold mining surveys were put on hold following a
complaint by the Human Rights Commission in December 2007 concerning their
effects on the environment. The cabinet at that time ordered the policy to
be revised to take into account impact on the environment and people’s
health. This revision has now been completed - paving the way for gold
prospectors in Thailand.
Here’s a short guide to gold panning in four easy steps:
1. Find a stream or some other type of running water
where you can see some gold mixed with sand and silt.
2. Take some of the sediment from the bottom of the
stream and scoop it into the pan with some water.
3. Swirl the sediment and water in a gentle circular
motion around the bottom of the pan. At the same time tilt the pan so some
of the water and sediment spill out. When most of the sediment has fallen
out you’ll see your gold nuggets at the bottom of the pan.
4. Go down to the bank with your gold and exchange for
Before you reach for your gold pan and start swirling you
will need to obtain a permit from the Thai government for your prospecting
and you’ll also have to pay a percentage of your earnings into a fund
established by the Thai government to look after the environment. That said,
gold is currently riding high at 1,135 USD per oz so all the effort could be
(PR Log/Phuket Ocean Villas Press Release)