The Fairbanks gold district of Alaska has caught the attention of U.S.-based Homestake Mining (HM-N).
The major has entered into an agreement to acquire a 100% interest in the Whiskey Gulch and Marshall Dome gold properties, currently held by Silverado Mines (GOLDF-N)
To earn the interest, Homestake must explore the properties and make undisclosed annual payments to Silverado. It must also take a private placement of Silverado shares.
Elsewhere in Alaska, several junior companies are busy acquiring ground near the Donlin Creek project, which is being explored by Placer Dome (PDG-T) (see separate story on page C6).
Ventures Resource (VRS-V) recently staked a large block of claims that share a 9-mile boundary with Donlin Creek.
Venture’s 9,000-acre Donlin North property stretches for 4.4 miles along the projected mineralized trend of the Donlin Creek deposit.
The junior has claims covering 12 other geological pros-pects in the historic gold mining district of Flat.
Be the first to comment on "Alaskan gold district attracts interest of Homestake"