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Alaska Placer Gold Property - Historical Fortymile Area

Alaska Placer Gold Property for Sale In The Historical Fortymile Area

Placer mine property on historical Walker Fork in the Fortymile mining district of Alaska. This is a contiguous package of 43 Federal claims, overlaid with 55 State claims, completely covering 5 miles of virgin creek claims and 2 1/2 miles of side creeks or pups providing a 7 to 10 year project.

Drilling on the main creek was performed by the dredge company in the late 1930's. Dredging was done with a wood fired dredge employing a 30-man crew. A 5-man crew, using modern equipment, would process the same amount of material recovering close to 100%. Drilling utilized a Keystone drill to select the dredge path. Results of this drilling shows a 46,000 oz. reserves in the areas drilled.

Location is 2 miles off Taylor Highway for easy access on gravel road, and 5 miles from Boundary airport. No immediate neighbors; adequate water for production. Ground is shallow; 12-18 feet in depth. Lies in an east, west valley for maximum sunlight. The property was previously held by a Fairbanks family for 40 years and has seen minimal activity. Operating permits are in place. Contact owner for documentation and more information. Selling Price is $$2,495,000.
Phone: 800-326-4691, or 604-538-4175 this number is good until May 1 2008

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