Being as I owned a shop that poured, painted, and sold close to 5000 jigs per week (1/2oz or bigger) I "might" know a thing or two!
One thing I have never done is left lead in a pot to cool. The issue you described with the red residue was probably rust coming from the side of the pot. You will get that from time to time. I always had a good kitchen spoon to skim off the top of my lead. That gold color you got could be alloys melting off. When you get really soft lead (say 95% or higher in purity) you can burn it. Meaning the pot can get too hot. You will know it is happeneing when you start to get a whole lot of clumps on the surface.
As others have said, clean the spout. That dripping is allowing the lead to cool as it enters the mold. You want a nice smooth flow. If you find that you are having issues with the bottom pour, you might consider purchasing a laddle. I laddle poured the majority of my jigs while running two or three pots at a time.
A few things I have learned that might help you out.
Hard lead (wheel weights and bullet molds) cool quicker and have a less consistant pour. You can develope issues even though you are doing everything right.
Pure lead has a tendancy to tarnish after the head is poured if you don't use it right away. Not a huge deal if you are running solid colors but a big deal if using unpainted jigs for their brightness or colors that are see through (like candy).
Prepare all your lead long before you use it. I purchased my lead in bulk (300 to 1000lbs at a time). I would hang the block from my tractor bucket and use a propane weed torch to melt it into a cast iron skillet. From there I would dip it into my ingot molds. A cast iron muffin tin works great and will yeild approximately a 2lb puck.
Prepare HARD lead as well. I would get wheel weights from shops. Many of them are NOT lead anymore but you will still get them. I prepared 1lb and 1/2 pound ingots from my lee mold.
The recipe I found that worked the best for me was 15lbs of soft lead to 3 lbs of hard lead. This gave me a tempurature over 750 degrees, allowed for a nice even flow, reduced slag, produced a slightly harder head than soft lead, and reduced the head tarnish issues. Understand that I could pour 20lbs of lead into jigs in under 15 minutes so I was going through the lead. It didn't have time to sit long.
It is a learning process and finding the right recipe for you based on what you have access to is key. Some with "flow" better than others. Some will not clog up your bottom pour. You just have to find the right recipe!


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