Mineralica 2026-3

The Secret of the Gold Wires

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Michael Wachtler & Alejandro Stern (2026): The Secret of the Gold Wires. Mineralica 2026-3, pp. 40–55.

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Michael Wachtler & Alejandro Stern (2026): The Secret of the Gold Wires. Mineralica online, September 2026. https://mineralica.com/a/eRL11W (accessed October 13, 2026)

Since 2022, three remote mines in the Gran Sabana have been yielding gold wires like few other localities. Michael Wachtler and Alejandro Stern report from the jungle between Venezuela, Brazil and Guyana.

Native gold. From the new find at Yunet, between Wonken and Kavanayen. 4.2 cm long. Alejandro Stern collection and photo.

Deep in the Amazon jungle, in the triangle between Venezuela, Brazil and Guyana, lies a forgotten world. Gold and diamonds can be recovered here side by side, which is rare anywhere else, and it happens precisely where there is nothing in it for the large mining companies. Since 2022, three remote mines in this region have been yielding gold wires of a quality few localities ever produce.

The plateau, generally known as the Gran Sabana, ranks among the most striking landscapes on Earth, with table mountains rising to 3,000 meters and Angel Falls, the highest waterfall in the world. The best known of the table mountains is Roraima. Even so, every trip here turns into an expedition. The country’s real trouble spot lies far away: the area around Caracas, struck by a severe earthquake in 2026, is more than 1,000 kilometers distant. The Gran Sabana, centred on Santa Elena de Uairén near the borders with Brazil and Guyana, is therefore considered relatively quiet.

Venezuela’s actual gold country lies further north, in the state of Bolívar. The largest mining corridor in the country runs between El Callao and the settlement of Km 88. When the United States Geological Survey compiled the deposits of the Venezuelan Guayana Shield in 1993, it recorded more than 450 occurrences, among them over 200 for gold and more than 106 for diamonds, most of the latter in placers. The El Callao and Lo Increíble districts alone accounted for more than 70 of the 125 recorded vein gold occurrences, and that was only a third of the more than 230 gold-quartz veins already known there. This gold sits in quartz veins and is mined on an industrial scale. For years the area was controlled by Colombian guerrilla groups and criminal gangs. Only recently the Venezuelan army, supported by US drones, eliminated the most dangerous members of the Tren de Aragua gang at Km 88. The corridor has been under clearance ever since, and under the new political circumstances US mining companies are increasingly taking over the claims. For collectors, though, the corridor holds nothing. What comes out of it is ore, not crystallized specimens. What collectors are after grows far to the south, in the weathered ground of the Gran Sabana.

Native gold. From the new find at Trompa, Icabarú. 5.5 cm long. Alejandro Stern collection and photo.
The Gran Sabana plateau in Venezuela’s Canaima National Park lies about 1,000 meters above sea level, with the table mountains rising out of it. Photo: Martin Harvey / Alamy.
Venezuela with the Gran Sabana in the southeast of the country. Graphic: M. Schiller.

The “Jungle Buyer”

But who are the people looking for gold in the depths of the jungle under near impossible conditions? One name stands out, Alejandro Stern from Santa Elena de Uairén. After 24 years in the Venezuelan oil industry he gave up his career and went into the Amazon jungle. In Venezuela, Stern is known as “El Trompo Rojo”, a name that also belongs to one of the rarest gemstones found in the region, the blood-red diamond. A single carat can fetch around one million euros on the open market. Some Americans called him the “Jungle Buyer”, because he always had the finest gold crystals and diamonds to hand.

His assessment today, “The area is now free of criminals and rich in gold crystals”, reflects how much the situation has changed. And for some years now, something has been coming out of the ground there that even experienced collectors rarely get to see. Gold wires, traded as wire gold, are crystallisations of native gold that take on a thread-like form instead of a compact one. Single crystals occur in the same region, octahedra through to dodecahedra, but they come from different mines.

Alejandro Stern of Santa Elena de Uairén. Americans called him the “Jungle Buyer” because he always had the best gold crystals and diamonds from Venezuela. Michael Wachtler photo.
One of the Venezuelan gold crystals Stern is known for, a perfectly formed octahedron. Stern brings the pieces out of the jungle mines and into the trade. Michael Wachtler photo.
Trading rough diamonds is part of Stern’s daily business. In the Gran Sabana, gold and diamonds are recovered side by side. Michael Wachtler photo.

The silver wires of Kongsberg in Norway are the famous case, occasionally reaching 50 kilograms. Decorative gold wires are rarer still. Those from the Ground Hog Mine in Colorado are among the most sought after.

The Famous Dragon Wire Gold

Alejandro Stern once owned the celebrated “Dragon Wire Gold” from the El Infierno Mine near the Icabarú river. The story goes back some twenty years and sounds almost too good to be true. One day, while Stern was buying gold and rough diamonds in his office, pieces of gold with a pronounced green tint turned up. Nobody wanted them, because …

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