..Wahnsinn.
http://www.newsminer.com/news/2009/jan/29/big-gold-discovery…
Big gold discovery north of Fairbanks announced
FAIRBANKS -- A gold find at Livengood is one of the largest new gold discoveries in the world in the past decade, an exploration company said.
International Tower Hill released Wednesday an updated estimate of reserves at the property about 70 miles north of Fairbanks. The company said the gold resource estimate is 70 percent greater than they believed it to be in October.
The find has topped 5 million ounces and ITH President Jeffrey Pontius expects the total gold contained will hit 10 million ounces.
"We have found a really exceptional concentration of gold that Mother Nature put out there," he said. "That's a tremendous thing."
Further exploration will determine how much of that is recoverable, and under what type of process. Drilling will continue through the winter, and early economic estimates that may determine how to mine the gold are expected in July, he said.
Pontius sees a promising future for gold.
"People are looking at that as a safe haven in these economic times," he said. "That's going to be a big demand in the future."
http://www.ithmines.com/_resources/presentations/ITH_Fact_Sheet.pdf?v=2