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Gold in Alaska

The harsh Alaskan environment delayed serious prospecting and mining for decades and still continues to stymie exploration activity even though there are likely dozens of hidden major and world-class gold and base metal deposits.

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Melman on Gold & Silver


There is one last indicator that I believe may be the most important of all. That is the “Index of Leading Economic Indicators” (LEI), which is a compendium of those economic indicators that point toward future growth, and LEI has just reached historic highs, far exceeding previous peaks in 1999 and 2006.

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One of the newest opportunities available to the individual prospector is the exchange of information over the Internet. A number of websites and forums dedicated to prospecting for gold have sprung up in recent years.

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On a similar vein, while the number of new non-farm jobs created rose by a modest 156,000 in September, it must be pointed out that Goods Production Payrolls rose by only 10,000 jobs while much lower paying service jobs accounted for the other 146,000.

Frozen Prospects


There is one rule of thumb when prospecting for gold in Alaska: You’ll find your best pay in southern-sloped exposed ground. This is not to say there’s no gold on northern exposed gulches where the sun has trouble reaching it and limited melting occurs. It’s harder, and more time consuming, to look for easy prospects in northern exposures.

The Trail of ‘98


On June 16, 1897, the steamer Excelsior cruised into San Francisco Bay, completing its long voyage from Alaska. While a ship arriving from the far north was not a particularly unusual event, this one heralded news of something truly big.

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