MLA 34-81 - Mineral Investigation Of The La Panza Rare II Area (No. 5109), San Luis Obispo County, California ? Summary

Gold was found in samples collected from Pleistocene and Holocene stream and terrace deposits. Approximately 15,000 cu yd (11,400 cu m) of small and discontinuous terrace and stream gravel deposits in the study area are composed of material derived from sedimentary and granitic rocks. The detritus is subangular to subrounded, and poorly sorted, ranging from boulder to sand size. Gold values in samples collected averaged 8.2 cents per cu yd (gold value of $500 per oz). Pan concentrates and rock chip samples collected from reported mineralized zones showed an absence of economic minerals. Stream placer deposits are uneconomic. No potential was observed for metallic or nonmetallic minerals in the La Panza study area. No potential exists for gas, oil, or coal resources.