000 Moore Creek Gold Mine, McGrath, AK

Name: 000 Moore Creek Gold Mine, For Sale in McGrath - eXp Realty
Brand: Real Broker Alaska
SKU: 25-2576
Price: 15000000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$15,000,000

000

MLS® 25-2576

Key Facts
Description
Map

Key Facts

Type Other

Levels Business Opportunity

Size -

Garage No

HOA Fees

Taxes

Days Active 372

Approx. Age

MLS® Number 25-2576

Property Address: 000 Moore Creek Gold Mine, McGrath, AK, 99000

Average square foot calculated using Size range provided by listing agent.

Description

Located on the Iditarod National Historic Trail in the heart of Alaska's Yukon-Koyukuk Borough, the Moore Creek Gold Mine offers a rare opportunity to own an active gold mining claim with a rich history and extensive potential. It comprises 20 unpatented state claims over 2, 720+/- claim acres. Located in a region renowned for its mineral wealth, the Moore Creek Mine focuses primarily on placergold extraction, with secondary commodities including chromium, silver, tungsten, mercury, titanium, and zircon ores. This placer mine also contains hard rock gold deposits and has been worked for both ancient terrace gravels and modern stream alluvium. The gold-rich area stretches about two miles long and 300 to 1, 300 feet wide, with gravels up to 20 feet thick. Older terrace deposits are inferred to be Late Tertiary to early Pleistocene, based on similarities with other dated deposits in Interior Alaska, lending the area both geological significance and exceptional placer deposits, with gold nuggets up to 19 ounces having been found, though the gold's fineness is relatively low. Mining began in 1911, with operations shifting from hand methods to mechanized equipment like draglines and bulldozers by the 1930s. Large-scale mining continued until 1986, with intermittent activity afterward. From 1911 to 1986, the mine produced at least 53, 990 ounces of gold and 12, 520 ounces of silver, with peak production in the 1930s and 1950s. Fossils found in the area date back 36, 000 years, and reserves remain undetermined, with coarse nuggets still being discovered in old tailings. The Moore Creek Gold Mine is an exceptional investment, blending the allure of gold with the rugged beauty of Alaska's frontier. It promises both economic opportunity and a chance to work in one of North America's last great wilderness areas.

MLS® Number25-2576

Locker

Ensuite LaundryNo

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GarageNo

Approx. Age

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Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 14, 2025List Date

$15,000,000List Price

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