Yukon Territory, Canada

The Nansen Mt. claims and campsite are located 6 miles from the BYG hard rock mine site in a permafrost area. Access is by a government Maintained road for 62 km out of Carmacks, the final 10-km maintained by the miner. The overlying material is glacial till, with two to four feet of black muck, six to eight feet of gravel over six or more feet of gold bearing clay. Most of the gold is found in the clay under the gravels. Pay materials range from $10 to $15 at $800/oz. The mine is under operation right now. We hold 40 claims and 1 lease (equal to 10 claims). The size of each claim is 500 by 2000 feet. There are 8 claims of virgin ground on East Fork and 23 claims of virgin Ground on Nankeen Creek. Nansen Creek has one additional gold bearing Stream coming into the claims with 1 lease (10 claims). Experience shows the ground has been rich in these claim sites where there is a confluence of streams. The old timers had mined the overlying gravel in this area but did not mine the underlying clays, which have proved to be quite mineable. This area has provided a good living and sufficient returns to upgrade and maintain the equipment. The mining equipment is efficient and in good condition and can be used to make this an ongoing turnkey operation. Licenses for mining in place. This fuel-efficient operation is run by 2 persons using one 250 kW gen. set that runs a 150 yd/hour Trommel & Feeder & 6" Flit pump. Material is fed by a 6-yard loader.