McGrath, AK 99627 - Yukon Koyukuk Borough

Cripple Creek Gold Mine, situated deep within Alaskas untamed wilderness, offers a rare opportunity for both gold miners and gold investors or as a dual-purpose gold mine in the summer and hunting camp in the fall. Located roughly 46 miles north/northwest of McGrath, this expansive property is within the Innoko Mining District, spanning 1,640 acres at the confluence of Bear Creek and Cripple Creek, which flows into Graham Creek and extends to Colorado Creek. The site is comprised of 72 unpatented claims.

With a rich history of gold mining in this area dating back to 1917, the Alamin Mining Corporation acquired or leased these mining claims forming the Cripple Creek Gold Mine in the early 1980s. Before that time, some of the claims had been mined by various miners, including Willard Tex Gates and his son-in-law Dennis Gould. Cripple Creek Mine has been extensively explored and tested, revealing substantial reserves with overburden depths ranging from 8-15 feet. The seller has drilling information on about 25% of the claims.

The propertys location offers more than just mining potential. The area has an abundance of wildlife, including grizzly and black bears, moose, caribou, wolves, wolverines, and lynx, making it a haven for miners and outdoor enthusiasts.

A 1,600 foot gravel runway provides access to this remote location with room to add another 400 if needed. The site is equipped with a modern suction dredge, a trommel, and additional mining equipment. Multiple cabins are on-site, including crew bunks, a kitchen cabin, a utility cabin, and a supplies cabin. Numerous pieces of heavy equipment are at the mine, including a JD dozer, a Cat loader, and several others.

The propertys remote location is balanced by its accessibility, with a nearby 6,000 paved airstrip at McGrath. Whether youre drawn by the prospect of mining or the allure of Alaskas wilderness, Cripple Creek Gold Mine presents a unique and compelling investment opportunity.

PROPERTY FACTS:

McGrath is a small town along the Kuskokwim River, surrounded by Alaska wilderness, and is one of the checkpoint locations for the famous Iditarod Race - population approximately 350

7 Cabins on site, including dining, supplies, bunks, shower, and laundry

Heavy Equipment on-site includes a JD 850 dozer, Cat 988 loader, and more; mining Equipment on-site includes a trommel, feed conveyor, modern suction dredge

Access to the property is by private airstrip, approximately 1,600 feet; McGrath has a 6,000 foot asphalt runway, 100 wide, offering fuel, lodging, and limited supplies

The mining history in this area dates back to 1907. Claims are located on Cripple Creek, Bear Creek, and Graham Creek, covering 1,640 acres in the Innoko Mining District with 72 total unpatented claims

Test holes indicate rich gold reserves

Overburden averages 12-15 feet

The area is home to grizzly bears, black bears, moose, caribou, wolves, wolverines, and Dall sheep

The property is currently permitted for mining operations, and approximately 90% of the claims in the area remain unmined, offering significant potential

A crew camp is on-site, providing accommodations for workers and ready for immediate use

Gates claims are leased by the seller and will be conveyed by the seller at closing