The Council Gold Prospect is an early-stage exploration project located on the Seward Peninsula within the Council Mining District, an area that historically produced a significant amount of placer gold. Exploration in the area is focused on located the bedrock ("lode") source of this gold.
The Council Gold Prospect is a joint project by Millrock Resources and Kinross Gold Corporation, covering 295 square kilometers. Millrock is responsible for the ongoing exploration of this property and is also involved with several other exploration projects in the state (Bering Straits, Bluff, Cristo, Estelle, Fortymile, Humble, Revelation, and Uncle Sam).
The subsurface rights for Council Gold, Bluff, and other Seward Peninsula properties belong to the Bering Straits Native Corporation (BSNC), with whom Millrock has an exploration agreement. However, the Council Native Corporation (CNC) owns the surface rights for the Council Gold property, and has been negotiating annual surface agreements with Millrock since 2008.
In 2010, the company conducted a $700,000 exploration program at Council Gold. They performed a reconnaissance geochemical survey, collected and analyzed around 2000 soil samples, and drilled 17 holes.
A June 2011 article in the Alaska Journal of Commerce quoted Millrock regarding future development at the site:
"…surface geologic mapping is underway this summer to position for a major drilling program in 2012."
| Exploration: | |
|---|---|
| 2010 | Geochemical surveys, trenching, and exploratory drilling consisting of 17 holes. |
| 2011 | Unknown. |
| 2012 | Small drilling program consisting of 6 holes is planned to commence in July 2012. |
By David Coil, Elizabeth Lester, Bretwood Higman, Ground Truth Trekking
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Date Created: Thu, 11 Aug 2011 13:13:54 -0800
Last Modified: Wed, 23 Nov 2011 10:27:43 -0900
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