Mining News: News Nuggets: Warm spring brings early start to northern Alaska placer mine

Goldrich Mining Co. June 6 said mining is underway at the Chandalar placer gold project in northern Alaska. The Chandalar placer mine is being operated by Goldrich NyacAu Placer LLC – a 50-50 joint venture formed by Goldrich and NyacAU LLC in 2012 to mine placer deposits across the 23,000-acre Chandalar property. Favorable spring weather conditions allowed the partnership to begin processing stockpiled pay gravel roughly three weeks ahead of the normal mid-June start of the production season. Mining of pay gravel is expected to continue through early September, subject to weather conditions. “We are pleased to kick off the 2016 season at Chandalar,” said Goldrich President and CEO William Schara. “GNP expects to process stockpiled pay gravel, blast and process additional mineralized material, and continue development of the new wash plant this year. We want to thank GNP for their continued hard work to move the Chandalar placer project forward.”

-Shane Lasley

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