New Alaska explorer seeks gold near Flat
Last updated 6/5/2016 at Noon
Mineral Mountain Mining & Milling Co., an Idaho-based exploration company, May 25 reported the acquisition of the Iditarod Gold project located in the Kuskokwim Gold Belt of Southwest Alaska.
Situated about 35 miles north of the Donlin Gold property, Iditarod Gold consists of 66 Alaska state mining claims prospective for hosting a bulk tonnage gold resource.
Mineral Mountain said the property covers geochemical gold and antimony geochemical anomalies that are coincident with a large magnetic anomaly that was defined in 2010 by the Alaska Division of Geological & Geophysical Surveys in an airborne geophysical survey.
The claims also encompass the Golden Ground and Nelson gold prospects and are situated upland of placer streams in the Flat region, one of Alaska's largest placer gold districts.
Mineral Mountain is planning a 2016 summer field program of soil and rock chip sampling and geologic mapping on the property with the goal of identifying targets for a drill program in 2017.
The 4,000-foot Flat airstrip, located about two miles southwest of the property, will be the staging area for the summer exploration program.