Western Miner Property Listing Head





SE Alaska
Gold Au
Yakataga Beach
| Properties | Machinery | Services | Articles | Contact Us | How To List Your Property | Links |
Subscribe to Mining Properties For Sale by Email



YAKATAGA GOLDThe Yakataga placer leases (from the State of Alaska) are wholly owned by Yakataga Gold, LLC (YG) and consist of 1,410 acres covering approximately 7 miles of beach. The leases consist of all ground from the high tide line to approximately a 1/4 mile off shore. These leases are located at Cape Yakataga on the Gulf of Alaska, 250 nautical miles south and east of Valdez, Alaska. The ground is NOT frozen and there is NO over burden. Mining starts at the surface of the beach.

The Yakataga beach placer is remarkably similar to the beach sands of Nome when it was first discovered in the late 1800’s. There is estimated to be many millions of dollars in untouched offshore gold deposits at Yakataga just like there is proven to be at Nome through an extensive drilling program.

Historical records show that production in 1915 yielded “beach run” material that ranged in value from .054 ounce per cubic yard to as high as 2.7 ounces per cubic yard. At a price of $650 per ounce (which is much lower than today’s price) this equates to $ 35.10 per cubic yard to $ 1,755 per cubic yard. The lowest values found was .03 oz of gold per cubic yard or $ 19.50* per yard.

The richness of this ground is attributed to the concentrating action of the ocean waves on the beach, so in essence you are processing only gold concentrate. The most recent production was in the 1970’s by one man. He recovered 78 ounces of gold ($50,700.*) in 24 days using only a shovel and a small sluice box.

Cape Yakataga is located on the Gulf of Alaska approximately 250 miles south and east of Valdez, Alaska. Access to the mine is by air to a 5,000 foot gravel runway which is suitable for C-130 Hercules aircraft or by boat from Cordova, Valdez and Seward. There are no harbors or port facilities at Yakataga. All mining equipment is shipped via landing craft from Seward, Alaska and unloaded on the beach at Yakataga. Seward is the easiest and least expensive harbor to ship the mining equipment and supplies from.

Valdez (VDZ) is served by commercial air carrier from Anchorage (ANC) twice daily and is 304 miles by road from Anchorage. The Trans Alaska (oil) Pipeline Terminal is located at Valdez. Because of the terminal, Valdez provides access to parts, fuel, machine shop services, etc. that the mine might need.
Cordova is a large fishing community located 132 air miles west of Yakataga and has parts stores, fuel and lubricants, machine shop service, and grocery stores.

The Yakataga beach property is leased from the State of Alaska Department of Natural Resources (DNR) for a period of 20 years with provisions for immediate renewal for 20 year blocks of time. There are currently 7 years remaining on our leases. All fees are paid up to date and YG is in good standing with the DNR. There are a total of three separate leases encompassing 1,410 acres covering approximately 7 3/4 miles of beach from mean high tide and extending 1/4 mile (1,320’) offshore. There is also a part of our leases, approximately 120 acres, which is adjacent to the airport that is above the high tide line.

The Yakataga property is permitted for mining from May through December 31 of each year until 2009. Then the permits are renewable for multiples of 5 years and are transferable to the new owner. The leases are permitted for chemical froth floatation cells for the recovery process.

In 1975 the U.S. Bureau of Mines contracted for a bulk sample study of the Yakataga beach sands. The report shows values calculated at 0.060 ounces/Ton for run #1 and 0.054 ounces per ton for run #2. This equates to values of $39.00* and $35.10* per ton. This report can be accessed on the World Wide Web at: http://www.blm.gov/ak/jrmic/docs/usbm/cr/AuBeachSands/CR_AuBeachSands.pdf

  Cost of (mining) production $ 8.89 per cubic yard
  Pay zone values run $ 19.50* per cubic yard to $ 1,755.* per cubic yard
  There is no permafrost (frozen ground)
  There is no overburden to strip
  Gold starts at the surface
  Mining season is 210 days per year minimum
  This mine is fully permitted for mining (details above).

Given the low cost of production of $8.89 per cubic yard, with a cubic yard PROFIT running from $10.61* to $1,746.11*. this is a very profitable mine indeed, with a projected mine life of 15-18 years. Typical in the chaotic economy, social unrest, and fiat money circulation that we presently have, gold is increasing in worth as the only true source of value.
*Based on $ 650 oz. AU which is much lower than the actual price as you read this.

The following is by Arthur G. Thompson, mining engineer, dated May 1, 1915.

Yakataga BeachThe Beach Formation

The present beach, which ranges up to 400 or 500 ft. in width and has a slope of from 10 to 25°, forms a natural concentrating table upon which the waves, driven by the wind and tide, accomplish surprising results.
During violent storms the water rushing back and forth upon the beach becomes loaded with sand, which is swept across the beach many hundreds of times during the continuance of the storm. It is during this backward and forward movement of the sand that the separation of the heavier sands and gold occurs and the strata of ruby sand worked by the miners are built up.

Concentration of Heavy Sands
The onward rush of the wave carrying its burden of sand in suspension is arrested by the vertical bank, or by the steep slope of the beach. The crest of the wave striking against the bank – usually from two to 10 ft. in height – is followed by a second impulse or swell of water; then with the volume of water brought in by the momentum of the wave pressed up against the bank, there ensue a few moments of quiet or “slack” water preceding the outward flow of the wave, when the heavy sand and the gold begin to settle. The outward flow of the water down the slope of the beach gathers momentum until it begins to disturb the sand on the surface of the beach, which is the lower limit of the concentrated layer thus deposited. The lighter sand, of a gray color, still remaining in suspension is carried back to the sea or remains until it meets the onrush of the second wave. This action, continued with more or less uniformity for several hours, or during several succeeding tides, covers the upper part of the beach for a width of 25 to 150 ft. with a sheet of ruby sand several inches in thickness. It extends laterally along the beach as far as the same conditions of the bank, slope, etc., continue.
“I have watched this interesting exhibition of one of Nature’s milling operations conducted on a scale much larger, and with a force more powerful than any used by man. I have seen each succeeding wave adding its small portion to a mantle of garnet (for the ruby sand is nothing but fine garnet) which covered the beach for miles to a depth of from 18 to 20 in. This concentration occurred in the fall of 1903, and was the best I have seen at Yakataga. Undoubtedly hundreds of thousands of dollars* in gold lay upon the surface of the beach within easy reach at this time.”

Working the Sands
“The concentrated ruby sand is worked in rockers and sluice boxes, being shoveled in by hand. It usually averages from $1** to $50** per cu.yd. depending on the degree of concentration. It contains a very small percentage of black (magnetic) sand, though at times there is sufficient to give it a purplish cast. The gold is bright and clean and averages about $18.50** per oz [in purity]. The individual particles vary in size somewhat at different places on the beach, from mere specks to pieces as large as a grain of wheat.”
*At $20 an ounce in 1915. It would be many millions of dollars at today’s price.
**At $20 an ounce in 1915

Yakataga Beach Gold





Click for PDF

$20 million USD





Randy McKinney
(907) 235-3490
(907) 235-3493
| Properties | Machinery | Services | Articles | Contact Us | How To List Your Property | Links |

Want to list your claims or property on this site? Click below to find out how.

Questions? E-mail us at: inquire@westernminer.com (this spam proof e-mail only works if you click on it)

Phone 503-753-5868 or write: Mac&Murray 5432 E. Northern Lights #405. Anchorage, AK 99508
or when we are mobile (which is most of the time) we can be reached through our mail service at:
1121 Harrison Ave. Suite 333 Centralia, WA 98531

*Disclaimer: WesternMiner.com and its employees are not responsible for the options, purchases or any other business done between a claim holder and a visitor of this site. We provide a place for both parties to meet and hold no other responsibilities for transactions between these two.
© 2003-2009 Mac&Murray Multimedia, All rights reserved