Showdown in the desert: the small town fending off a new California gold rush

Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- K2 Gold subsidiary Mojave Precious Metals received BLM's final approval on April 8 for the 6,000-hectare Mojave Project on Conglomerate Mesa, 15 miles east of Lone Pine, with helicopters already ferrying equipment to build exploratory drill rigs.
- Bureau of Land Management approved a scaled-back version of the project — no trucks, only 22 boreholes, and millions fewer gallons of drilling water than the company requested — after what it called 'extensive environmental analysis, public input, and government-to-government consultation with Tribes.'
- Donald Trump's Unleashing American Energy Act legally required BLM to approve such projects and reclassified gold and silver as critical minerals, opening federally protected lands in California, Oregon, and Nevada to new mining claims under an 1872 federal mining law.
- Paiute Shoshone tribal monitor Esther Fillingame, who accompanies workers to the mountain to protect cultural sites, said BLM approval makes it a matter of when — not if — mining companies come, adding: 'Hopefully they don't find anything.'
- Kathy Bancroft, the Lone Pine Paiute Shoshone elder who led tribal opposition to mining on Conglomerate Mesa for decades, died in January at 71; the mesa is sacred to seven regional tribes and was traversed for centuries as a seasonal hunting and pine-nut gathering ground.
- K2 Gold CEO Anthony Margarit has publicly said the area could 'host multiple mines' and estimated a full-scale operation would take 10–15 years to build; locals fear it would require an open-pit cyanide heap-leach mine, the same method banned in Montana and used at the nearby Castle Mountain Mine, which BLM fast-tracked for expansion this year.
Why it matters: Conglomerate Mesa sits on federal land governed by an 1872 statute that lets prospectors claim 20 acres for a small fee, and Trump's reclassification of gold as a critical mineral has converted long-protected Western landscapes into approved drill sites — K2's project alone permits 76 holes across 22 sites, with neighbors warning that an open-pit cyanide operation could follow within a decade if exploratory drilling yields promising samples.
Ask SkimNews




