Canadian mining company searches for precious metals in Southeast Alaska
JUNEAU, Alaska: Canadian mining company Millrock Resources is searching for precious metals on Chichagof Island in southeast Alaska.
However, CEO Gregory Beischer said the company had been unable to secure funding to expand its mining operation in Alaska, as reported by The Associated Press.
Alaska mines produced precious metals in the early 20th century, with exploration resuming in the 1980s.
“But it’s really been dormant since mining activity took place in the 1920s and 1930s,” Beischer told CoastAlaska.
Millrock partnered with another company, which allowed them to take soil samples from claims within three miles of Pelican, a community with fewer than 100 year-round residents.
Beischer said results from the soil samples are pending. But he noted that geologists hope to show that gold-bearing quartz veins continue to descend the mountain. Taking soil samples does not require a permit, according to state and federal regulators.
“And that will hopefully be encouraging enough for our partner to fund drilling,” he said, “to test quartz veins at lower elevations to see if the gold continues.”
Some of the public land claims were staked by Millrock. But most of the area is located on claims held by Apex El Nido Gold Mines, an Alaskan company whose main shareholder is Anchorage attorney Joseph Henri, a former commissioner of the administration department of the State.