SOURCE: Century Capital Research

August 23, 2012 12:00 ET

Alaska Seeing a Resurgence in Mining

NOTE TO EDITORS: The Following Is a Research Alert Issued by Century Capital Research

NEW YORK, NY--(Marketwire - Aug 23, 2012) -  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.

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