While it is still possible to retrieve enough gold to make your trip profitable, prospectors should not assume that gold can be found anywhere on the State’s territory. However, finding gold in Alaska is not among the easiest of tasks, especially as most mines have been the preferred destination for gold hunters for decades. Today, Alaska’s stunning territories and landscapes still attract thousands of prospectors each year, all fascinated by the chance of bringing home their treasure. Ten Best Locations for Gold Panning in AlaskaĪlaska has been at the pinnacle of the global gold rush for decades, but this activity is not only in the State’s past.Pedro creek, where gold was discovered in 1902 and where Gold Daughters sources some of our paydirt. Fort Knox is located 30 minutes north of Gold Daughters. At $1200/troy ounce, that translates to $7.2 billion. In 2011, they surpassed the 6 million ounce mark for gold recovery, making them the largest producer of gold in Alaska history. Mining involves high-stress, high-risk and the possibility of high-reward.įort Knox is an open pit hard rock gold mine that is located in the Fairbanks district. It is an expensive and arduous way to make a profit, especially in Fairbanks where the summer is so short and miners have a small window to find gold. Many people still make their living mining for gold in Fairbanks and the surrounding areas. Gold panning is used to recover placer gold. For placer mining, only gravity and water are required. Placer mining occurs when gold has eroded out of its source rock. The rocks must be crushed and blended with chemicals to extract the gold. Hardrock gold mining is the method that is used when gold is trapped inside a rock. Both hardrock and placer gold mining occur in Fairbanks today.
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