known gold deposits in minnesota
A private Minnesota company organized in 2006 to explore. known gold targets in Minnesota. â¢. Controls +17,000 acres of state and private mineral leases on. seven target areas, including former Newmont, Meridian, and Noranda exploration areas in. Minnesota.
The first documented report of gold was at the Zumbro River near Oronoco, Minnesota. For a short while there was much interest in these gold deposits, but it was quickly discovered that gold concentrations were not rich enough to warrant serious mining.
After the news become public in 1865 that a Minnesota state geologist had found gold and silver-bearing quartz near Lake Vermillion, hopeful prospectors rushed to the area. It is estimated that more than 2,000 people came to the region, representing a huge European population surge for the Range.