Gold Mining in Nevada

Gold mining in Nevada is a major industry, and one of the largest sources of gold in the world. In 2018 Nevada produced 5,581,160 troy ounces (173.6 tonnes), representing 78% of US gold and 5.0% of the world's production.  Total gold production recorded from Nevada from 1835 to 2017 totals 205,931,000 troy ounces (6,405.2 t), worth US$322.6 billion at 2020 values.  Much of Nevada's gold production comes from large open pit mining using heap leaching recovery.
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Historical Prices of Gold

Timeline of Events Leading to the Marietta Hill Gold Discovery

  • In 2007 geologist friend of Alan Chamberlain, Larry McMaster, discovered gold on the Marietta site when searching for copper.

    There were little results for copper, but very promising results for gold in the tests from the laboratory.

  • The Gold discovery was reported by Larry to the current owner

    But the current owner was only concerned with copper and ignored the findings of gold

  • Alan and Larry executed a purchase agreement for the mining rights to the land

    They agreed upon a $500,000 purchase price with the current owner getting 1% of the extracted gold proceeds

  • Analysis of the samples from exploratory bore holes determines an estimated 30,000 ounces of gold

    14 shallow bore holes were dug and upon examination of the samples it was estimated that there should be anywhere from 30,000 to 60,000 ounces of gold. That's at least $53,490,000 at today's price per ounce of gold.

Frequently Asked Questions


Marietta Hill Corporation
8400 W Sunset Road, 3rd Fl, Ste 300
Las Vegas, NV 89121