Alaskan Gold: New Super-deposit in the Making?
Benzinga 15 years ago
Long IdeasTrading Ideas
Though gold discoveries in Latin America and other far-flung locations have been lighting up the stock markets lately, Alaska is now earning back some of the limelight.
This is where over 115 million ounces of gold have been outlined in America's last mineral frontier by three high-flying gold developers, namely Novagold Resources, Northern Dynasty Minerals and International Tower Hill Mines.
The latest development to illustrate how their world-class discoveries rival the best on offer anywhere else in the world involves a new high-grade discovery zone at the emerging 10.9 million ounce Livengood gold deposit in politically stable, pro-mining central Alaska. Wholly owned by International Tower Hill Mines (NYSE: THM) the deposit is located 70 miles north of Fairbanks, Alaska.
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