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.
Automation is happening—at a glacial pace
Everyone is talking about automation taking over jobs, but only a few people are talking about the fact that it's...
Renewable energy: A multi-trillion-dollar marketplace is emerging
The U.S. energy grid is ageing and it’s the perfect opportunity for energy contractors to up their game and help...
The current state of crypto gambling
Crypto gambling is rising in popularity but there are many things you need to know before you decide to dip...
This Wall Street outcast is giving everyone access to insider deals
Pre-IPO opportunities are no longer reserved for just the wealthiest one percent—thanks to a new equity investment platform.
Zoom and Pinterest surprise some with highly successful IPOs
Two unicorns, Pinterest and Zoom, made their stock debuts on the public market on the same day. Pinterest did well...
- Featured4 days ago
3 highly innovative restaurant stocks: Texas Roadhouse (TXRH), The Cheesecake Factory (CAKE), West Coast Ventures Group Corp. (WCVC)
- Economy5 days ago
Garden State vs Sunshine State: When will the retirement migration end?
- Featured4 days ago
How the credit market is evolving with technology
- Entrepreneurship4 days ago
4 questions to ask before investing in a mobile app