Alaska’s Tintina Gold Province is proving to be an area abundant with mineral resources. As an example, Kinross Gold Corp.’s Fort Knox Mine near Fairbanks have reached 7 million ounces of gold, after 20 years of operation. On the other hand, the promising Iditarod Gold Project is also advancing.
Iditarod Gold Project and Fort Knox Mine
The Iditarod Gold Project of Mineral Mountain Mining & Milling Company (OTC: MMMM) is moving forward with its planned project programs. The Iditarod Gold Project, a 7.5-square-mile property, is a large-scale gold target with tombstone granites intruding sediments on a major structure which is the Iditarod-Nixon Fork Fault.
Iditarod has good geochemistry in rocks and soils—gold, arsenic, and antimony. With it is a bullseye air magnetic high anomaly coincident as well. Similar to premier development gold projects, Iditarod has good geology and structure.
The Fort Knox Mine is one of the biggest and lowest-cost gold operations. “Fort Knox recently celebrated our 7 millionth ounce pour along with the many employees who have been with us since our very first pour in 1996,” Fort Knox General Manager Eric Hill told Mining News, as reported by Petroleum News.
Reaching both 7 million ounces of gold and its 20th are milestones that went beyond Fort Knox’s original mine plan. These achievements have given Hill hope that another generation of workers will witness more of these milestones at the iconic Alaskan mine. Kinross Gold owns the Fort Knox mine.
“We are very, very proud of those two achievements and most of all for being here a lot longer than we ever thought we would be in the beginning,” Kinross COO Warwick Morley-Jepson added.
Rich with gold
Aside from being home to Fort Knox and Iditarod, the Tintina Gold Province hosts large open pit grade and high-grade ore deposits. For instance, Livengood has 15.7 million ounces of gold. Pogo, meanwhile, has 4.8 million ounces of gold and a yearly production of 340 thousand ounces of gold.
The Iditarod Gold Project is just 35 miles north of the Donlin Gold Project, which is being developed for its resources of about 45 million ounces of gold. Donlin is emerging as one of the premier development gold projects worldwide. White Gold with 1.5 million ounces of gold and Coffee with 2.1 million ounces of gold are also in the gold province.
All in all, the Tintina Gold Province has proven to be an excellent area to find and develop gold. More excellent results are undoubtedly on the horizon.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
Jazz Pharmaceuticals’ Leukemia Drug Receives European Commission Approval
Jazz Pharmaceuticals is a biopharmaceutical company dedicated to the development of drugs in neuroscience and oncology. Founded in 2003 in...
Citi Announced a $6 Million Loan to Sempli for SME financing
The credit granted by Citi was given in partnership with high-impact investors and multilateral development organizations. They all seek to...
How Will the Price of Ripple and Cardano Develop in the Next Few Days
The BOLL indicator shows no specific pattern and denotes the support price of $0.4969 and the resistance price of $0.5059,...
RADEEF: a 182 Million Dirham Plan to Combat Flooding in Morocco
RADEEF is also planning major expansion projects. Firstly, it plans to launch work on extending the wastewater treatment plant. The...
How Institutional Investors Feel About Impact Investing
Investors continue to face greenwashing when implementing impact investing. Among their key concerns are misleading or exaggerated impact claims (60%),...
Fintech2 weeks ago
The Turnaround in Interest Rate Will Create Winners and Losers in the Fintech Sector
Cannabis3 days ago
UN Report Calls on Member States to Stop Criminalizing Drug Users
Impact Investing1 week ago
Eco Lab Exceeds Minimum Goal in its Equity Crowdfunding Round
Crypto7 days ago
The Crisis in the Crypto Market Impacts Ethereum, Cardano, and Bitcoin