The Struggle to Reopen Alaska's Largest Gold Mine
November 2012 by Frank Lorey IIIThe historical AJ mine, located east of Juneau, Alaska, was considered the largest gold mine in the state at one time. Joe Juneau and Richard Harris struck gold there in 1880, and it has been more recently known as a tourist destination.
“We feel that we can clean up an area that has been abandoned after 100 years of mining,” Lyon said.
Several nations around the world are working diligently to make their countries more attractive to resource development as a means of improving economic development. One such nation is Cambodia, located west of Vietnam, south of Laos and due east of Thailand.
We sent them a lot of information, including my presentation about the area and its potential. We were excited to learn a couple weeks later that the company was interested in the property.
So you think you have an ore deposit? The work has been long and hard, but there are a few drill holes, lots of samples and assays. The data is in a reliable computer and there may be a mine at the end of the tunnel. What is the likelihood of a profitable operation? Can you raise capital for development or exploration?
If all goes well before the BLM issues its final approval, Littleton, Colorado-based UR-Energy could start building the Lost Creek mine by early October, according to company and BLM officials.
…let’s dive in and take a closer look at these rich gold and silver-bearing minerals to find out what they are, where they form, and how to identify them.
The settlement did not grant an immediate approval for the project, but it did begin to clear the way for the company to apply for federal permits—a path the Obama administration previously had thwarted.
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