mined for placer gold, contributing to the Fairbanks Mining District’s more than 8-million-ounce placer gold production. Limited exploration has been conducted on the project from 2004 through present, including grid- based soil sampling, backhoe and dozer trenching and a single drill hole completed in 2009. The sin- gle 2009 drill hole targeted a shear-hosted zone but OTOYZ_]P_`]Y^TRYTʭNLY_RZWOXTYP]LWTeL_TZY;`M - lic sector 400m spaced airborne magnetics and EM cover the property. Bedrock in this area is oxidized to depths in ex- cess of 50m and is covered by 1-2m of Pleistocene aeolian silt supporting thick sub-Arctic vegetation. Outcrop on the project is limited to man-made ex- cavations. Country rock on the property consists of amphibolite-grade Paleozoic pelitic and psammitic schists with local dikes of reduced, mid-Cretaceous 4_d[P TY_]`^TaP^ ?]PYNSTYR ZY _SP .ZʬPP /ZXP property has exposed gold mineralization in both northeast-trending high-angle shear-hosted zones and stacked low-angle northwest striking quartz veins. Visible gold is present in the vein-hosted oc- currences. 8TYP]LWTeL_TZYL__SP.ZʬPP/ZXP[]Z^[PN_T^NSL] - acterized by high-grade (10 gpt) quartz-gold-arse- nopyrite veins hosted in metamorphic rocks. Gold
grades from <0.5 gpt to 58 gpt have been collected from the project. Gold mineralization is associated with anomalous bismuth and arsenic with locally anomalous silver, lead and tungsten. The Au-Bi-As mineral assemblage is similar to other mid-Cretaceous proximal intrusive-related gold systems in Interior Alaska, including Kinross Gold’s Fort Knox and Gil deposits, Northern Star Resources’ Pogo deposit and Tectonic Metals’ Tibbs project. ;Z_PY_TLWPcT^_^L_.ZʬPP/ZXP[]Z[P]_dQZ]^TR - YTʭNLY_ R]LOP_ZYYLRP LNN`X`WL_TZY^ ZQ []ZcTXLW schist-hosted and/or intrusive-hosted gold min- eralization similar to that currently being mined at the nearby Fort Knox deposit or being explored at its LOULNPY_2TWOP[Z^T_?SPZbYP]ZQ_SP.ZʬPP/ZXP []Z[P]_dT^^PPVTYRLʭYLYNTLWWdLYO_PNSYTNLWWdNL - pable party to take over future exploration and de- velopment of the project.
Interested parties should contact: Curt Freeman, President Avalon Development Corp., P.O. Box 80268, Fairbanks, AK 99708 Phone 907-457-5159 Fax 907-455-8069 Email: avalon@avalonalaska.com
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July 2019
The Alaska Miner
39
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