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California dreaming: How the Great Recession spurred a new 'golden dawn'

California’s rich artisanal gold mining heritage is evidenced not so much by abandoned openpits and old headframes as it is by the San Francisco 49ers, the Golden Gate bridge, and its ‘Golden State’ moniker. “California’s gold industry was the most prolific in the US and … almost overnight became its most decimated. It never recovered,” says California Gold Mining CEO Vishal Gupta. So is the vast western state seeing the emergence of ingredients for a modern gold rush?

California dreaming: How the Great Recession spurred a new 'golden dawn' California dreaming: How the Great Recession spurred a new 'golden dawn' California dreaming: How the Great Recession spurred a new 'golden dawn' California dreaming: How the Great Recession spurred a new 'golden dawn' California dreaming: How the Great Recession spurred a new 'golden dawn'

Drilling on the 'Mother Lode' at Fremont in California

A more relaxed legislative regime and significant documented untapped resources are a good start, according to the handful of companies active in the state.