As an Alaska resident, this question also peeped in my mind. Then I started my research. You know this journey was not easy for me. I had to check out several historical backgrounds.
And after a few days of research work, I could find the answer. So, Want to know how much gold is left in Alaska? The answer is here.
In this article, I’ve tried to discuss all the details about the gold reserve of Alaska so that you can have enough knowledge on it.
Let’s see what’s new waiting for you!
The Amount Of Gold Left In Alaska:
You may wonder, “How much gold is left in Alaska?” Supposedly, in Alaska, there is lots of gold that is left untouched.
In gold production, Alaska is the second largest state of the United States. In 1870, gold mining was started in Alaska.
From 1870 to 2018, the amount of gold was 49.3 million ounces which have originated from Alaska.
You know that, historically, that place was recognized as placer gold. Placer gold is a kind of gold that is panned from the river beds.
You may wonder about it. Actually, there are some reasons behind it and one of those reasons is, Alaska was not ever protected by any continental glaciers.
As a result, there remains dense weathering of rock which allows waterways to dissipate the peaks of the gold deposits as well free up some nuggets of gold in case of panning.
If you do research, you will notice that in Alaska there are a small number of roads.
If you want to get access so that you can explore any gold, then it will take a lot from you.
In bedrock, you can notice some famous gold miners, as well as there remain lots of gold miners, which you may find.
Why Is There So Much Gold In Alaska?
The answer to this question lies in the geology of Alaska. If you know about the geology of Alaska, you can get your answer quite easily.
You may know that due to volcanic activity, quite often some gold is pushed up to the outside or the surface.
Moreover, through water emissions because of the volcanic activity, some geological areas are carrying up some dissolved gold.
However, as Alaska contains a lot of undeveloped lands, it is quite easier for a person to dig as well as search for gold.
The Gold Season In Alaska:
The season in which gold mining is occurred, is known as the gold season. The gold season in Alaska lasts from five to six months. Actually, it is a huge time for gold mining.
You may know that the cold season in Alaska starts from October and it ends in March or April.
That means, the miners get five to six months for gold mining.
On the other hand, RED DOG Mine is considered as a large operation and it is placed near Kotzebue which is in Alaska and it operates gold mining all over the year (365 days).
Well, through this article, we’ve discussed the total amount of gold left in Alaska.
Though the approximate amount of gold has not been determined yet, it is presumed there still remains a good amount of gold in Alaska.
Now you know the reasons for this huge amount of gold as well as you also know the gold season in Alaska.
I hope you got your answer through this article. If you have any confusion, let us know, we would love to help you.
John has been writing on financial topics from the beginning of his career in finance. He spent nearly five years as an emerging markets analyst in The USA and has written on a wide range of finance related topics.
- Investment professional with 8-year track record of delivering high-impact financial communications solutions
- Skill set includes financial writing, equity research, institutional marketing, and content strategy
- Experienced in developing custom content and thought leadership pieces to support business objectives while promoting brand awareness
- John earned his bachelor in science degree and master’s in business administration. He holds a CFA charter.