Tuesday, February 26, 2013

Donlin Creek Gold, Alaska - A Monster of a Gold Deposit

Alaskan gold nuggets
According to the Northern Miner (v. 98, no 52, Feb 11-17, 2013), two monster gold deposits continue to be developed and surprisingly, both were discovered in 1988. One, the Pebble deposit, contains gold along with base metals. The second Monster of a Deposit is Donlin Creek in the Kuskokwim Mountains of Alaska.

Just to get some idea of how big the Donlin Creek gold deposit is, the Homestake gold mine in South Dakota has always been the measuring stick for gold mines. The Homestake mine was discovered in 1876. Mining began in 1878 and ceased in 2001 after the mine produced an unprecidented 39.8 million ounces of gold over a 123 year mining history. The Homestake was one of the longest listed stocks on the NYSE in history!

The Northern Miner (2013) now reports that the Donlin Creek property is a Monster Gold deposit that was discovered in Alaska in 1988. The property is classified as the largest undeveloped gold deposit in the world - with 43 million ounces identified to date.

Modern exploration geologists now have a new measuring stick!