Alaska Gold Corp is exploring the Bear Claims Group in Fairbanks, Alaska for gold. The claims have produced placer gold for over 27 years. Alaska Gold plans to fully exploit the potential for a large hard rock gold deposit using modern techniques. Recent surveys identified a 2km by 1.3km intrusive body that Alaska Gold will drill in 2013 to define. Management has experience with public mining companies and the claims are near an existing open pit gold mine.
3. Company Snapshot
Alaska Gold Corp.
Alaska Gold Corporation is an OTC listed gold exploration company
Its primary focus is the Bear Claims Group, a series of existing claim blocks in the Fairbanks, Alaska
region that have been producing limited placer gold for over 27 years under private ownership
The Company is now applying advanced mining techniques and a methodical approach to this
project
Alaska Gold plans to fully exploit the potential for a consistent grade, massive hard rock gold
deposit on these claims
The Company completed an MMI sampling program and a 3D IP survey in 2012 over the previously
identified intrusive body
The Company will begin a multi-hole drill program in 2013 aimed at providing detailed definition of
an intrusive body identified by recent airborne magnetics
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OVERVIEW – Q4 2011
5. Bear Claims Project, Alaska
Located in Central Alaska approximately 125 miles north of Fairbanks
Bear Creek Claims consist of 4,840 acres of leases in the Bonanza, Porcupine and Miller Creek area of the
Circle Mining District. These claims were originally staked by BHP Minerals of Utah. Upon discovering
diamonds in the Yellow Knife region in the mid 1980s, BHP Minerals abandoned all development of gold
and metals claims in Alaska in favor of developing their now hugely successful diamond prospects in the
region.
This situation, combined with the relatively low market price for gold, created the perfect opportunity for
smaller mining companies and private individuals to seize quality gold prospects. The Bear Claims Group are
just such a project.
Over 2010 and 2011, Alaska Gold began a work program to bring definition to the Bear Creek Claims
including completing a new NI43-101 technical report
Generated airborne re-interpretation of historical data including a total magnetic map and magnetic models
in mid 2011.
The new data gathered was successful in highlighting a distinct intrusive body (or bodies) that is
approximately 2km long by 1.3 km wide.
The Company will begin a multi-hole exploration drilling program to provide detailed information on the
structures in spring 2013.
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OVERVIEW – Q4 2011
9. Management & Directors
Gary Powers, President & Director
Canadian businessman with over 40 years experience working with public and private projects ranging from
involvement in start-up developments, to holding executive positions with public and private enterprises
Public sector experience includes board positions and senior management positions, as well as an Assistant Deputy
Minister appointment with the Yukon Territorial Government
Served as a Director and Officer of OTC Bulletin Board listed mining companies and he has been owner and/or
executive of several private development companies in the mining, real estate, and energy sectors
Partner in the construction company that created the initial five ski runs on Blackcomb Mountain, British Columbia
William D. Thomas, CFO & Director
Past CFO for Hana Mining Ltd. (TSXV: HMG)
Director of Business Services for Kerr McGee Corporation’s operations in Beijing, China
A Chartered Accountant with more than 30 years of experience in finance and accounting for the natural resource
sector
Geoff Carter, P. Eng., Advisor
Mining engineer active in the mining industry since the late 1960's and involved with public companies for more
than 30 years
Held positions at Anglo American, Hudson Bay Mining & Smelting, and was Vice-President at Inspiration Coal. Also a
director and president of Ourominas Minerals, director of Bankers Petroleum and Trans Atlantic Enterprises
Involved in independent research, due diligence reports, NI 43-101 reports and valuations, as well as general
corporate advisory for the mining industry since 1990
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OVERVIEW – Q4 2011
11. Mining Alaska
During the past 15 years, two major gold belts have been identified in Alaska, the Tintina Gold belt of
Interior Alaska and the western Yukon and the Kuskokwim Mineral Belt of southwest Alaska
Significant gold discoveries in Alaska since 1985 include:
- Fort Knox (+7 M oz) - True North (2 M oz)
- Ryan Lode (2.4 M oz) - Pogo (5.6 M oz)
- Rock Creek (1 M oz) - Donlin Creek (27 M oz).
In the last 7 years, total gold resources in Alaska have increased by over 50 million ounces giving Alaska a
discovery rate of +7 M oz per year
The cost to discover an ounce of gold in Alaska over that same 7 years was less than US $5 per ounce, a
discovery cost among the lowest in the world
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OVERVIEW – Q4 2011
12. Summary
Bear claims has produced placer gold privately since the 1970s
Initial grab samples indicate widespread consistent grade gold
NI43-101 Technical Report completed June 18, 2012
Airborne re-interpretation successful in highlighting a distinct intrusive body (or bodies) approximately 2km
long by 1.3km wide
Exploration drilling program beginning spring 2013
4840 acres (2000 hectares) completely surrounded by claims now staked by majors
Close proximity to existing Fort Knox gold mine (Open Pit, 330,000 oz. Au per year)
Solid mining infrastructure and excellent access in area favourable to mining
Adding skilled, senior mining personnel to management team and board – post public listing
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OVERVIEW – Q4 2011