There’s gold in them thar Alaska hills, and it turns out there’s more than previously thought. While Alaska is often associated with gold and gold rushes, from the Yukon to Nome, we’re still finding more deposits, and improving technologies are making more of that gold economically recoverable. And gold, remember, is literally money.
In this latest re-assessment, though, there are a couple of uniquely Alaskan issues to resolve.
Nova Minerals Ltd. March 9 reported that surface sampling returned grades of up to 24.6 grams per metric ton gold at a high-priority target near the RPM deposit on the company’s Estelle gold-antimony project in the West Susitna Mineral District, about 100 miles northwest of Anchorage, Alaska.
While the primary objectives of the 2025 field program at Estelle were to advance toward the development of a high-grade antimony mine and complete the drilling and work needed to support prefeasibility studies for a gold mine at RPM, the geological team continued to explore discovery targets across the 198-square-mile (513 square kilometers) project.
Here’s the problem: The West Susitna Mineral District is across one of Alaska’s great rivers from any roadway. The great Susitna, a long stone’s throw away from where I sit as I write this, is a big river, and like most Alaskan rivers, it is mostly a wild, untamed river. People in the lower 48 are generally accustomed to seeing rivers tamed by bank work, by levees, by wing dams; the Army Corps of Engineers and other civil engineering organizations have been taming these rivers for, in some cases, well over a hundred years. Of course, one good flood can wipe that away, but the fact remains that these rivers are managed pretty well. But in Alaska, the rivers are wild. No bank work, no improvements, except where those rivers pass through or near human towns and cities.
So, the West Susitna Mining District is out there a ways. There is talk of a bridge across the lower Susitna and a road going on into Susitna West, but that is some years off, even if it does happen.
These new gold deposits may add some impetus to that project.
This includes following up on a high-grade gold discovery made in 2024 at the north end of the ridgeline that hosts the RPM deposit. Out of 40 rock samples collected from this target in 2024, 20 contained more than 1 g/t gold, including one sample containing 52.3 g/t gold.
Nine soil samples collected from the ridgeline target during 2025 returned grades greater than 0.2 g/t gold, including five greater than 0.4 g/t gold, and a high of 1.6 g/t gold. At this same location, four rock samples were greater than 1 g/t gold, with the best sample returning 11.7 g/t gold.
That’s a pretty fair amount of gold, and again, gold is quite literally money.
Read More: Statehood Win: 2M Acres Now Open for Alaska’s Energy Boom
Gold and Silver Prices Rocketed Mining Value in Alaska to All-Time High in 2025
Here we have another good look at why I refer to Alaska as America’s treasure chest. In this case, it’s literally a treasure. In gold mining, we are literally pulling money out of the ground. The Susitna West projects will produce not only gold, antimony, and other metal and mineral resources, but they will produce Alaskan jobs and income for the State of Alaska – meaning that the state legislature might not keep cutting back the Permanent Fund Disbursements to fund pet projects.
Oh, who am I kidding? Juneau won’t do that. Nevertheless, this increased gold estimate is good news for Alaska and for America. And no, we’re still not tired of winning.
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