Alaska Property Atop Gold Mine Up for Sale

Thar be gold beneath these hills!

That’s what the client of Woodchopper Gold Declare might say in Circle, Alaska. The huge property is hitting the marketplace for $23.5 million, the Wall Avenue Journal reported.

The property is within the Yukon-Charley Rivers Nationwide Protect. It’s being bought by geologist Lynn Vogler. His uncle bought the land to mine gold in 1971 for an unknown worth, then handed it to Lynn within the Nineties.

Woodchopper’s largest pull is its declare to gold. The property is on Woodchopper Creek, which flows into the Yukon River. Vogler claims greater than 117,000 troy ounces of gold have been extracted alongside the creek; one troy ounce of gold is at present price practically $2,000.

The property spans roughly 1,400 acres, although it’s largely unoccupied, outdoors of an previous gold dredge and former mining cabins. It contains 230 deeded acres with patented mining claims, which means the land and the minerals discovered upon it belong to the proprietor. The federal government owns the remainder of the property, however the proprietor nonetheless owns the minerals discovered on it.

That being stated, the property hasn’t been used for mining because the Nineteen Eighties, when a part of it was leased out to gold digging miners. Maybe among the miners noticed the wildlife that wander throughout the property, together with moose, caribou, wolverines and grizzly bears.

The property isn’t zoned and a purchaser might construct an off-grid residential dwelling on the property, which Vogler stated is widespread within the space. There’s additionally a 2,500-foot-long airstrip on the property, which is accessible by airplane across the yr, although the strip is in want of restore. Path hikers can get there within the winter, whereas a ship can solely get there in the course of the summer season.

Fay Ranches’ Troy Dana and Actual Dealer Alaska’s Yvan Corbin share the itemizing.