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Gold Mining Production Opportunity to commence in 2024
Negotiable
The Clearwater Project is situated in the Valdez Creek Mining District in south central Alaska, located 260km northeast of Anchorage. Road access is via the AK-3 highway and Denali Highway, then via the Valdez Creek mining access tracks.
I have 6 years experience in Alaska and have mineral rights to mine placer (alluvial) & hard rock gold within 14 State mining claims (1180 acres). Multiple concurrent placer gold mining operations can be conducted offering multiple gold production income streams. Initially mining will commence on Surprise Creek.
Recent Exploration
Surprise Creek was first explored in 2019 when a preliminary test mining pit was excavated from surface to bedrock at a depth 2.5m. A bulk test comprising of 10 yd3 (~7.7 m3) yielded an ounce of gold (~3 g/yd3 or 3.9 g/m3 gold) using a basic homemade sluice and a suction dredge. Gold is from small nuggets to fine gold from near surface to bedrock.
A layer of blue and orange clay was intercepted above bedrock which contained high concentrations of gold and platinum which could not be effectively recovered from the sluice or suction dredge. The actual yield of gold and platinum is expected to me much higher using more sophisticated placer gold recovery machinery including a trommel with sluice boxes and centrifugal concentrators to capture very fine gold.
It is assumed that the average depth of Surprise Creek to bedrock, particularly in the lower part of the creek is 8 metres (27 feet). There is assumed potential for between 150,000 ounces and 250,000 ounces gold within Surprise Creek alone. In addition there are two other large untested creek systems within the Clearwater Project.
Proposed Mining operation
The proposed placer gold mining operation on Surprise Creek is to utilise a trommel type wash plant with one or two large centrifugal concentrators and two long sluice runs with a rated capacity of not less than 100 yd3/hour (77 m3/hour). The wash plant and concentrator will be sufficient for recovery at or below 50um particle size for recovery of course and small nuggets and fine gold/platinum. Additional exploration will also be conducted using Electrical Resistivity Tomography (ERT) technology.
Geology
Bedrock geology Smith (1981) is composed of argillite with graywacke, foliated phyllite, pelitic semischist and schist, and intrusive rocks composed of alkali gabbro, quartz diorite, and granodiorite. Minor amounts of volcaniclastic sedimentary rocks, gneiss, and high-grade schist also occur within the Valdez creek drainage basin. Numerous small-scale intrusive dikes, sills, and stocks have been identified. This area has numerous high-angle faults with strike-slip and vertical components.
Surficial geology of Surprise Creek and Roosevelt Creek drainage is dominated by bedrock valley walls and ridges that have varying amounts of colluvium on the upper slopes and thick deposits of glacial till on the lower portions of the valley walls and floors. Glacial till deposits are generally dominant on lower valley walls and floors. Fluvial deposits (river deposits) were probably the product of a braided type river in Roosevelt Creek. Source of material for the river is from glacial till, preglacial outwash, colluvial fans and solifluction lobes. Alluvial fans also contribute sediment to the Roosevelt Creek system.
The geology of the placer gold deposits found thus far on Valdez Creek (downstream) is complex and reflects the tectonic, glacial, and fluvial history of the area as well as the bedrock geology of the region. The high-grade placers of the Tammany channel and channel "A" and "B" on Valdez Creek are located in canyons which have been buried under glacial tills and outwash gravels. These channels were subject to a significant placer gold mining operation from 1985 to 1995 (Cambior Inc. JV) recovering over 75,000 ounces of gold annually and became the largest placer gold operation in North America in 1992 producing 100,000 ounces of raw gold in that year.
I have 6 years experience in Alaska and have mineral rights to mine placer (alluvial) & hard rock gold within 14 State mining claims (1180 acres). Multiple concurrent placer gold mining operations can be conducted offering multiple gold production income streams. Initially mining will commence on Surprise Creek.
Recent Exploration
Surprise Creek was first explored in 2019 when a preliminary test mining pit was excavated from surface to bedrock at a depth 2.5m. A bulk test comprising of 10 yd3 (~7.7 m3) yielded an ounce of gold (~3 g/yd3 or 3.9 g/m3 gold) using a basic homemade sluice and a suction dredge. Gold is from small nuggets to fine gold from near surface to bedrock.
A layer of blue and orange clay was intercepted above bedrock which contained high concentrations of gold and platinum which could not be effectively recovered from the sluice or suction dredge. The actual yield of gold and platinum is expected to me much higher using more sophisticated placer gold recovery machinery including a trommel with sluice boxes and centrifugal concentrators to capture very fine gold.
It is assumed that the average depth of Surprise Creek to bedrock, particularly in the lower part of the creek is 8 metres (27 feet). There is assumed potential for between 150,000 ounces and 250,000 ounces gold within Surprise Creek alone. In addition there are two other large untested creek systems within the Clearwater Project.
Proposed Mining operation
The proposed placer gold mining operation on Surprise Creek is to utilise a trommel type wash plant with one or two large centrifugal concentrators and two long sluice runs with a rated capacity of not less than 100 yd3/hour (77 m3/hour). The wash plant and concentrator will be sufficient for recovery at or below 50um particle size for recovery of course and small nuggets and fine gold/platinum. Additional exploration will also be conducted using Electrical Resistivity Tomography (ERT) technology.
Geology
Bedrock geology Smith (1981) is composed of argillite with graywacke, foliated phyllite, pelitic semischist and schist, and intrusive rocks composed of alkali gabbro, quartz diorite, and granodiorite. Minor amounts of volcaniclastic sedimentary rocks, gneiss, and high-grade schist also occur within the Valdez creek drainage basin. Numerous small-scale intrusive dikes, sills, and stocks have been identified. This area has numerous high-angle faults with strike-slip and vertical components.
Surficial geology of Surprise Creek and Roosevelt Creek drainage is dominated by bedrock valley walls and ridges that have varying amounts of colluvium on the upper slopes and thick deposits of glacial till on the lower portions of the valley walls and floors. Glacial till deposits are generally dominant on lower valley walls and floors. Fluvial deposits (river deposits) were probably the product of a braided type river in Roosevelt Creek. Source of material for the river is from glacial till, preglacial outwash, colluvial fans and solifluction lobes. Alluvial fans also contribute sediment to the Roosevelt Creek system.
The geology of the placer gold deposits found thus far on Valdez Creek (downstream) is complex and reflects the tectonic, glacial, and fluvial history of the area as well as the bedrock geology of the region. The high-grade placers of the Tammany channel and channel "A" and "B" on Valdez Creek are located in canyons which have been buried under glacial tills and outwash gravels. These channels were subject to a significant placer gold mining operation from 1985 to 1995 (Cambior Inc. JV) recovering over 75,000 ounces of gold annually and became the largest placer gold operation in North America in 1992 producing 100,000 ounces of raw gold in that year.
- Date Listed:09/01/2024
- Last Edited:09/01/2024
- Available:09/01/2024
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