Description:
The platinum-group metals have been the subject of considerable discussion in the news media over the past few months, particularly because of their projected use as catalysts in automobile engines. Metals Week of August 27 shows that platinum commands a price of $176.00 per ounce, as compared to $150.00 per ounce last May. Oregon's platinum production has been tied closely to its gold placer mining activities; therefore, little production has been recorded since 1942 when Executive Order L-208 closed down practically all of the gold mines in the country. The future potential of platinum production in Oregon is difficult to predict. The present high price of both gold and platinum should certainly act as a stimulus for exploration, particularly if the prices remain at their present level or go even higher. This issue of The ORE BIN discusses the properties of the platinum-group metals and describes areas in the state where platinum is known to occur. We hope this information will encourage new exploration efforts in Oregon.