KETCHUM CREEK GOLD MINE
Circle Hot Springs, Alaska
$2,300,000
604± Acres With 34 UnpAtented Gold clAims
INTRODUCTION
Ketchum Creek Gold Mine lies in the Yukon-Koyukuk Borough and within one hundred fifty miles from Fairbanks near Circle Hot Springs, Alaska, in the remote Alaskan wilderness. This offering consists of a contiguous set of 34 gold claims representing a total of 604± acres, with 5,118± lineal feet along Ketchum Creek and 6,603± lineal feet along Mary Louise Creek left to be mined. This lucrative venture comes as a complete turn-key operation with all equipment, tools, hardware, supplies, permits, and applicable licenses included in the sale and necessary for ensuring a seamless mining operation.
With equipment already on the property, the mine yields an impressive production of approximately 670 ounces to 900 ounces of gold per season with a wash plant running 6-10s weekly, mining from approximately 500-600 lineal feet of native ground. Operating season typically runs from June 1 to September 15. Reclamation is current on all claims. Living amenities at the mine include an apartment attached to the shop, a bunkhouse, a trailer, and five camper pads with sewer and electrical hookups for additional accommodations. Additionally, there is an all-cedar 8,000-watt rock heater sauna with a shower stall.
The Ketchum Creek Gold Mine, with its rich potential and storied history, remains a significant source of gold and other precious metals in the Circle Mining District. The region’s unique geology and high-grade ores continue to attract both small-scale prospectors and large-scale mining operations alike, and the potential for significant profits makes the area desirable for both mining operations. While the area presents many challenges, the rewards for successful mining ventures can be substantial. This mine represents a prime opportunity for lucrative ventures in the heart of Alaska’s gold country.
1 Ketchum Creek Gold Mine | Circle Hot Springs, Alaska
QUICK FACTS
• 5,118± lineal feet along Ketchum Creek left to be mined
• 6,603± lineal feet along Mary Louise Creek left to be mined
• Sale includes 34 gold claims
• Sale includes all equipment, tools, hardware, supplies permits, and applicable licenses
• Living facilities at mine are an apartment attached to the shop, a bunkhouse, and sites for camp trailer parking
• Trommel wash plant can process 100 yards per hour of pay
• Production is approximately 670-900 ounces of gold per person
• Typical season is June 1 – September 15
• A typical season will mine 500-600 lineal feet of native ground
• Reclamation current on all claims
• Reclamation current on all claims
Ketchum Creek Gold Mine | Circle Hot Springs, Alaska
AREA HISTORY
In the heart of central Alaska, within the historic Circle Mining District, lies the Ketchum Creek Gold Mine, a testament to the region’s storied mining legacy. Unveiled to the world in 1916, its discovery marked the dawn of a new era, beckoning prospectors and dreamers alike to its rugged terrain in search of riches untold.
Since its inception, the mine has served as a hub for placer mining endeavors, drawing fortune seekers from far and wide to its promising grounds. Though its official production commenced in 1932, the yield remained modest, and the efforts were confined to a relatively small scale.
Beneath the earth’s surface, a wealth of treasures awaited extraction. Among them, a blend of gold, allanite, and scheelite formed the coveted ore amidst gravel and stone. Yet, alongside these precious minerals, a tapestry of waste materials emerged, comprising sphene, garnet, and zircon, each a testament to the geological richness of the land.
The very bedrock of the region, primarily composed of gravel, whispered secrets of untold wealth, tantalizing miners with promises of prosperity. Gold, in particular, held sway over the landscape, its gleaming allure driving the relentless pursuit of riches.
Through the toil and sweat of countless workers, the mine etched its mark upon the annals of regional mining history, extracting valuable resources from the earth’s embrace. With each passing day, the legacy of Ketchum Creek Gold Mine continued to unfold, a testament to the indomitable spirit of those who dared to chase the shimmering dream of wealth beneath the Alaskan sky.
Ketchum Creek Gold Mine | Circle Hot Springs, Alaska
Moose - credit Meg Colin - photo not taken on property
Grizzly Bear- credit Bob Brewerphoto not taken on property
Bald Eagle - credit Mathew Schwartzphoto not taken on property
Fox - credit Daron Kuzina - photo not taken on property
Arctic Grayling - photo not taken on property
Caribou
Ketchum Creek Gold Mine | Circle Hot Springs, Alaska
Ketchum Creek Gold Mine | Circle Hot Springs, Alaska
Ketchum Creek Gold Mine | Circle Hot Springs, Alaska
Ketchum Creek Gold Mine | Circle Hot Springs, Alaska
Ketchum Creek Gold Mine | Circle Hot Springs, Alaska
CLIMATE
Circle Hot Springs, Alaska, has a subarctic climate featuring prolonged chilly winters and brief mild summers. Throughout the winter months, temperatures typically hover around -10°C (14°F), while in summer, they rise to an average of 8°C (46°F). Annually, Circle Hot Springs receives an average precipitation of 49 inches, primarily in the form of snowfall, with approximately 12 inches of rainfall.
Climate charts for nearby Central, Alaska, courtesy of https://www.city-data.com/city/Central-Alaska.html
Cranberry picking
Ketchum Creek Gold Mine | Circle Hot Springs, Alaska
MINERAL RIGHTS
All mineral rights appurtenant to the property and owned by the seller will convey to the buyer at closing. Mineral rights are not guaranteed. It is suggested that the buyer conduct a mineral search with a title company.
Ketchum Creek Gold Mine | Circle Hot Springs, Alaska
CONSERVATION | STEWARDSHIP
Each of us at Fay loves the land and wants to see it remain a productive agricultural ground and a quality fish and wildlife habitat. Through promoting thoughtful land stewardship, Fay has guided owners toward a legacy of conserving wide-open spaces, enhancing and creating fisheries and wildlife habitats, and implementing sustainable agricultural operations. Fay is proud to say that since our company began in 1992, our clients’ conservation ethics and land-use practices have significantly enhanced our work landscape.
Ketchum Creek Gold Mine | Circle Hot Springs, Alaska
LOCATION
The site is located on existing public land owned by the Department of Natural Resources (DNR) and the Bureau of Land Management (BLM). The specific BLMmanaged lands affected are T8N R15E Sec. 30 & 31, T7N R15E Sec. 6 & 7, and T7N R14E Sec. 1, 11 & 12.
From Fairbanks, Alaska, travel northeast on Steese Highway (Highway 6) for approximately 125 miles to Circle Hot Springs Road. Turn right and travel south on Circle Hot Springs Road for approximately 4.6 miles to Ketchem Creek Road. Turn right to Ketchem Creek Gold Mine. Travel time by road from Fairbanks should be 2.5 hours.
www.fayranches.com | 800.238.8616 | info@fayranches.com
AIRPORT SERVICES
Fairbanks International Airport is used for commercial flights. Charter flights are available from Fairbanks to Circle Hot Springs, with a 3,000-foot gravel runway. The mine can be accessed by road.
Ketchum Creek Gold Mine | Circle Hot Springs, Alaska
The Ketchum Creek Gold Mine, located at Ketchum Creek and Mary Louise Creek, comprises 34 unpatented gold claims with ample mining potential. It includes necessary equipment and permits. With an annual production of around 670 ounces of gold, the mining season typically runs from June to September. The region’s unique geology and diverse ecosystem make it valuable for conservation. Despite challenges, the mine offers substantial profit potential due to its high-grade ores and rich history in the mining industry.
Ketchum Creek Gold Mine | Circle Hot Springs, Alaska
$2,300,000 Cash
Conventional Financing
This is an exclusive co-listing with Fay Ranches, Inc and Real Broker of Alaska. Please contact Troy Dana at (360) 402-5500 | tdana@fayranches.com or Yvan Corbin at (907) 301-0875 | Yvan@alaskatopshelfrealty.com to schedule a showing. An agent from Fay Ranches or Real Broker Alaska must be present at all showings unless otherwise noted or other arrangements are made. To view other properties, fly fishing properties, and sporting ranches that we have listed, please visit our web page at www.fayranches.com.
Offer is subject to errors, omissions, prior sale, change or withdrawal without notice, and approval of purchase by owner. Information regarding land classification, carrying capacities, maps, etc., is intended only as a general guideline and has been provided by the owners and other sources deemed reliable, but the accuracy cannot be guaranteed. Prospective purchasers are encouraged to research the information to their own satisfaction.
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