AKGC Corporate Info
Alaska Gold Corp is a Canadian gold exploration company. Its primary focus is the Bear Claims Group, a series of existing claim blocks in the Fairbanks, Alaska region that have been producing limited placer gold for over 30 years under private ownership.
The Company has merged with an existing public company in June 2012 and trades on the OTC exchange under the symbol AKGC effective June 27, 2012.
Applying advanced mining techniques, a methodical approach to exploration and new capital resources, Alaska Gold plans to fully exploit the potential for a consistent grade, massive hard rock gold deposit on these claims. The Company has begun a multi-hole drill program aimed at providing detailed definition of an intrusive body identified by recent re-interpretation of airborne magnetics.
Over 2010 and 2011, Alaska Gold began a work program to bring definition to the Bear Creek Claims which included completing a new NI43-101 technical report on the property and generating airborne re-interpretation of historical data including a total magnetic map and magnetic models in mid 2011.
The new data gathered was successful in highlighting a distinct intrusive body (or bodies) that is approximately 2km long by 1.3 km wide.
The Company will begin a multi-hole exploration drilling program to provide detailed information on the structure(s) in late summer 2012.
Surrounded by other major mining companies including Fairbanks Gold Mining Inc/Kinross on the east side, the Bear Claims Group have been operated as a placer gold operation under private ownership since 1976. The Bear Claims have produced placer gold consistently, but have never been fully explored by a well funded, fully equipped mining exploration company applying today’s available methods.
Highlights
Bear claims producing placer gold privately since the 1970s
Identified potential for consistent grade massive gold deposit
Initial grab samples indicate widespread consistent grade gold n NI43-101 Technical Report completed 2011
Airborne re-interpretation successful in highlighting a distinct intrusive body (or bodies) approximately 2km long by 1.3km wide
Exploration drilling program beginning summer 2012 on 4840 acres (2000 hectares) that are completely surrounded by claims now staked by majors
Close proximity to existing Fort Knox gold mine (Open Pit, 330,000 oz. Au per year)
Solid mining infrastructure and excellent access in area favorable to mining in. Over the 2011 winter, Alaska will be adding skilled, senior mining personnel to the management team and board
Cost of gold discovery in Alaska low by world standards
