I hope this is good news for Juneau. I think I might get a god panning setup…
Idaho-based firm conducted the drill tests
Associated Press The Spokesman-Review
JUNEAU, Alaska – The company developing the Kensington mine near Juneau has discovered a new vein of gold.
Drill tests conducted at the end of last year revealed the new vein. The discovery could develop into a major gold system, Donald Birak, Coeur d’Alene Mines’ vice president for exploration, said Wednesday. Idaho-based Coeur d’Alene Mines is developing the mine.
The tests represent a first phase of drilling. More work needs to be done before the company can say how much additional gold the mine might produce.
The mine 45 miles northwest of Juneau was thought to have 1.5 million ounces of gold reserves and an initial life of 12 1/2 years.