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Land for Sale in Circle Hot Springs, Alaska

Ketchum Crk, Circle Hot Springs, AK 99730

$2,300,000
1,724 acres
Active
$1.2m drop
Est $17,922/mo

Ketchum Creek Gold Mine lies in the Yukon-Koyukuk Borough and within one hundred fifty miles from Fairbanks near Circle Hot Springs, Alaska, in the remote Alaskan wilderness. This offering consists of a contiguous set of 39 gold claims representing a total of 1,724+- acres, with 5,118+- lineal feet along Ketchum Creek and 6,603+- lineal feet along Mary Louise Creek left to be mined, and an additional 1,120+- acres of claims on Ptarmigan Creek about 20 miles from the current operation. This lucrative venture comes as a complete turn-key operation with all equipment, tools, hardware, supplies, permits, and applicable licenses included in the sale and necessary for ensuring a seamless mining operation.

With equipment already on the property, the mine yields an impressive historic production of approximately 670 ounces to 900 ounces of gold per season. This is achieved with a wash plant operating approximately 35 hours per week mining from approximately 500 to 600 lineal feet of creek bed. With the addition of more personnel, seasonal gold yields could increase significantly. The typical operating season spans from June through September 15. Reclamation is current on all claims.

On-site living accommodations include an apartment attached to the shop, a bunkhouse, a trailer, and five camper pads equipped with sewer and electrical hookups for additional housing. The site also features an all-cedar 8,000-watt rock heater sauna with a shower stall.

The Ketchum Creek Gold Mine, with its rich potential and storied history, remains a significant source of gold and other precious metals in the Circle Mining District. The region's unique geology and high-grade ores continue to attract both small-scale prospectors and large-scale mining operations alike, and the potential for significant profits makes the area desirable for both mining operations. While the area presents many challenges, the rewards for successful mining ventures can be substantial. This mine represents a prime opportunity for lucrative ventures in the heart of Alaska's gold country.

Location

Street address
Ketchum Crk
Elevation
1,073 feet
Coordinates
65.4919, -144.7293

Property details

Acreage
1,724 acres
Posted

Listing history

DateEventPriceChangeSource
Aug 26, 2024Price drop$2,300,000$1,200,000 -34.3%Listing agent
Apr 24, 2024New listing$3,500,000Listing agent
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This 1,724-acre property is located at Ketchum Crk in Circle Hot Springs, AK 99730. The property is available for sale for $2,300,000 with a price per acre of $1,334.

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