Alaska Seeing a Resurgence in Mining
NOTE TO EDITORS: The Following Is a Research Alert Issued by Century Capital Research
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 08/23/12 -- In an article published today, Sumitomo Metal Mining, which owns and operates the Pogo gold mine east of Fairbanks Alaska, is focusing on new exploration on "East Deep" gold discovery discovered last year. The new discovery adds an estimated 1.2 million ounces of new gold up from previous reserves of 2.6 million ounces. The discovery will most likely not increase production but would extend the operating life of the mine.
A late 2011 article by the Huffington Post titled, Alaskan Gold Mining Sees Surging Interest On Unexplored Landscape, High Prices, states, "Interest in gold mining in Alaska has surged, buoyed by high gold prices and the lure of a landscape that remains relatively unexplored." This could lead to newer companies exploring Alaska and fueling the interest.
Recently, Liberty Gold, Corp and Alaska Gold, Corp. (OTCQB: AKGC) (PINKSHEETS: AKGC) have made news with their Alaska mining interests. Liberty Gold has commenced their exploration program on their McCord Creek property which is located in the eastern extension of the Livengood gold district and Alaska Gold, Corp. has filed their technical report for Phase 1 exploration program on their Bear Claims properties.
This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Information, opinions and analysis contained herein are based on sources deemed to be reliable and are subject to change without notice. A third party has hired and paid Century Capital Research one thousand two hundred and ninety five dollars for the publication and circulation of this news release. Accordingly, certain information included herein may be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. However, no representation, expressed or implied, is made as to the accuracy, completeness or correctness. In light of the above, we accept no liability for any losses arising from an investor's reliance on or use of this report. We do not and have not had any ownership interest in said third party of any kind.
Century Capital Research
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Datum: 23.08.2012 - 16:00 Uhr
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