000 No Road

Description

The Quail Creek Gold Mine, located in the Rampart Mining District within Alaska's Yukon-Koyukuk Borough, presents a rare opportunity to acquire a permitted operating turnkey gold mine with a rich history and substantial untapped potential. The property comprises 44 unpatented state claims spanning approximately 1,737 acres with approximately 120 acres mined. Test holes on-site show deposits as rich as $100/yard. Gold was first discovered in Quail Creek in the late 19th century, and historical mining operations date back to 1898, with intermittent activity continuing until 1940. The area's geology is characterized by bench placer deposits situated along the lower mile of the creek, with a well-defined bench approximately 150 feet above the current watercourse. An old channel located 400 feet above the creek also shows a presence of gold. The mineral composition of concentrates includes gold, cassiterite, barite, scheelite, garnet, zircon, rutile, pyrite, and cinnabar, among others. Bedrock consists of slaty shale interspersed with quartz veinlets and small porphyry dikes, further indicating strong mineralization. Despite its historical mining activity, no comprehensive historical production data is available. However, the seller has recent production data, and it's impressive. In addition, the seller has detailed test holes and results through the claims, suggesting significant potential for modern exploration and extraction techniques to uncover valuable reserves. The site's favorable geology and strategic location near Troublesome Creek enhance its viability for future mining operations. The Quail Creek Gold Mine represents an exceptional investment opportunity, offering both economic potential and the allure of working in one of Alaska's last great wilderness frontiers. The mine has equipment in great shape, living quarters, fuel storage, and an airstrip, all situated in one of the most beautiful locations in interior Alaska.