Tripple Creek Gold Mine | Fay Ranches

TRIPPLE CREEK GOLD MINE

Nome, Alaska

$11,000,000

750± Acres

EXECUTIVE SUMMARY

CLAIMS ACRES

750± Patented

Tripple Creek Gold Mine is an active turnkey gold placer mine located six miles from Nome, Alaska, with easy access via Beam Road. Just at 750± acres, this mine offers a rare opportunity for ownership with patented claims and a rich mining history.

The placer gold deposit is composed of 20 to 25 feet of weakly gold-bearing glacial outwash overburden, burying 20 feet of gold-bearing alluvial gravel and marine sands that make up the pay section. The gold is coarse, 91.5% pure, and easy to recover due to minimal clay and sparse black sands. High-quality sand and gravel by-product from the site are in demand by local contractors for construction. The washed sand stockpile has been tested and meets U.S. Army Corps specifications for concrete aggregate.

The creek originates near Newton Peak and flows across the Nome coastal plain and Nome River floodplain, areas historically mined for gold. There are three recorded patented claims, including one for antimony. Exposed bedrock consists of marble and possibly metavolcanic schist. Mining in the modern era commenced in ~1997 and has been more or less continuous to the present. The current operator has been mining gold and aggregate here since 2015.

The mine is well-positioned for further development, with access to highways and city power. Nome is a short flight from Anchorage, with regular air freight and barge services for transporting heavy equipment and supplies. Local contractors offer heavy equipment rentals. After mining, the land can be subdivided into building lots, with prices ranging from $17,500 to $50,000 per acre. On-site gravel is available for building roads and pads, and past lot sales have been successful and immediate.

The gold is coarse and lustrous, with little staining and mostly rounded discoidal shapes. The largest nugget the current operation recovered is 1.1 ounces. Placer mine tailings extend over 3,000 feet along the creek at elevations between 50 and 150 feet. Situated on the Nome coastal plain, this mine remains a promising site for continued extraction and investment. The Tripple Creek Gold Mine is an exceptional investment, blending the allure of gold with the rugged beauty of Alaska’s frontier. It promises both economic opportunity and a chance to work in one of North America’s last great wilderness areas.

PROPERTY HIGHLIGHTS

• 750± acres of patented claims located within 6 miles of the city of Nome

• Great access from Nome via Nome-Council Road and Nome-Taylor Highway (Beam Road); both are maintained highways

• The placer gold deposit is composed of 20 to 25 feet of weakly gold-bearing glacial outwash overburden, burying 20 feet of gold-bearing alluvial gravel and marine sands that make up the pay section

• The gold is coarse, 91.5% pure, and easy to recover due to minimal clay and sparse black sands

• Ground conditions are excellent due to easily drained sediment overlying carbonate (marble) bedrock (flat with low-angle dip) with solution cavities (karst). Permafrost is absent to discontinuous

• The sand and gravel aggregate by-product is salable and may be the highest quality aggregate in the Nome area for concrete, bedding, and road/pad construction. Several local contractors routinely purchase and load out the sand and gravel tailings produced by the mining operation

• Lands with low mineral potential or post-mining can be subdivided for lot sales. Lots at Tripple Creek are currently selling for $17,500 to $50,000 per acre. Gravel for building roads and pads is available on-site. The lots in the Empire and Lake subdivisions sold almost as quickly as they were made for sale

• City power is available from the main intertie along Beam Road.

• Anchorage is a 1 hour-20± minute flight from Nome, two flights per day

• Several air freight companies have regularly scheduled flights from Anchorage to Nome

• Three commercial barging companies and several contracting companies offer barge services from Seattle or Anchorage to Nome for heavy equipment and freight

• Heavy equipment rentals available from two local contracting companies

• Many contractors will sell their equipment in Nome when projects are completed

CLAIM BREAKDOWN

INFRASTRUCTURE

Buildings

• Conex storage container with lights and shelving – 40’

• Conex container tool shop – 20’

• Goldroom Conex – 20’, double-end, with Goldsaver & Prospector testplants, pumps, tubs, goldpans, etc

• 2x – Conex storage containers – 20’

• Conex – 10’, additional storage

• Folding bunkhouse – 20’ x 24’

• Main Office - 16’ x 12’ - wood frame

• Conex container (1), HiCube, 40’ with shelving w/many parts, filters, etc.

• Small cabin with a shower

Power Source

• City power along Beam Road to the Empire subdivision lots

• 100 kW White generator

• 2x – 100kW Caterpillar generators

• 4.5 kW Northern Lights generator

• 3x – shop truck mounted welding units (2x-Miller Big Blue 400, 1x-Lincoln 225 Ranger) and several 2 kW small Honda generators

Septic

• Mine owns one porta-potty and usually rents an additional porta-potty for the Mine bunkhouse. Serviced by a commercial company

Water Source

• Water for domestic use is delivered by commercial water truck and stored in 250-gallon tanks

• Many homes in the Tripple Creek area have wells with sweet water (carbonate bedrock)

• Water for mining is pumped to the clean water Makeup Pond from the lake at a rate of ~600 GPM as needed, ~120 days per year

Fuel Storage

• Fuel at the mine site is primarily stored in 1x1,000-gallon double-walled tank, 1x - 1,800-gallon double-walled tank, and 1x 5,000-gallon tanker (inoperative). Excess storage in 1x 1,000, 1x 2,000, & 1x 3,000-gallon single-walled tanks, giving ~6,000 gallons of additional fuel storage

• Fuel is delivered to the mine site every two weeks to top off active double-walled tanks and a tanker. Bonanza Fuel has been our fuel company, but fuel may also be delivered from Crowley

Access

The site is easily accessible from the city of Nome via Nome-Council Road and Nome-Taylor Highway (aka Beam Road and Kougarok Road), both of which are state-DOTmaintained highways.

EQUIPMENT

• 8” dredge pump with GMC 671 engine, needs work

• CAT road grader (older)

• ~1,500 foot make-up pipeline, PVC, 6”

• 972G with new spade-tooth lip & rebuilt bucket, bored & new pins

• 980G loader, straight edge bucket, new edges in 2021, new tires in 2024

• Volvo L180 loader, toothed bucket

• Volvo L220D loader, toothed bucket & forks, new tires 2024

• 2003 ZX350LC-3 rebuilt and bored GP bucket, new u/c Aug 2022

• 1999 EX200LC-2 Long Reach, GP & ditching buckets

• Simplicity grizzly feeder

• Extra 36” x 70’ stacking conveyor

• Hewitt Robins 5’ x 14’ triple deck screening plant (no motor) on wheels, good shape, to be used to build a larger plant

• Recycle pipe, ~2,000 feet, 8” & 10”, Victaulic couplings

• HD rubber hose (USAF fuel hose), ~2,000 feet, 6” with camlocks

• Ribbed sewer hose, 50’, 10-foot lengths with camlocks

• Floating electric submersible pump, 6” with spare motor (60hp)

• Recycle pump, 8” x 6” Pioneer/John Deere on trailer… new pump & vacuum assembly (2019)

• Make-up pump, 6” x 6” Sykes/Duetz on trailer, needs repair to the vacuum assist pump

• Gormann-Rupp 4” trash pump on trailer

• Yamaha 4” trash pump in cage with suction hose & 300 foot 4” layflat hose

• Spare Caterpillar generators (2-100kW each)

• 2007 Ford F-550 diesel flatbed truck 4x6 with welder, compressor, tool boxes, etc.

• 2004 Ford F-450 V-10 flatbed 4x6 with fuel transfer tank

• 2002 Ford F-350 diesel flatbed, 4x6

• 2001 Ford F-350 diesel 4x4 flatbed

• 1999 Ford F-550 V-10 flatbed, steel 14-foot deck

• 1995 Dodge Ram 3500 V-8 van 4x2

• 1955 GMC 2.5-ton water truck

• Goldroom Conex, 20-foot, double end, with two testplants, pumps, tubs, goldpans, etc.

• Conex container (1), HiCube, 40-feet with shelving and many parts, filters, etc.

• Conex tool shed (1), 20-foot, with tools & inventory

• Conex storage containers (2), 20-foot

• Conex container (1), 10-foot with plate steel and expanded metal

• Fuel tank, 1,000 gallons, double-walled, rectangular

• Fuel tank, 1,800 gallons, double-walled, skid-mounted

• Fuel tank, 5,000 gallons, single-walled, skid-mounted

• Fuel trailer (converted tanker), 5,000 gallons

• Single-wall cylindrical fuel tanks - 2- 2,000 gallons, 1-1,000 gallons, & 1-500 gallons

• Extra heavy-duty trailer made from an asphalt plant,

www.fayranches.com | 800.238.8616 | info@fayranches.com

16 wheels

• Mobile B-61 top-drive auger drill mounted on FN110 with gas engine & 4-speed manual transmission, with 60-foot solid-stem flight

• Red Nodwell FN110 with Cummins, water tank, parts, & parts

• Blue Nodwell FN110 with CAT engine & Allison auto transmission

• Spare parts Nodwell FN110 with auger drill, inoperable

• Full-size Nodwell tracked trailer with long tongue; also trailer skeleton for parts, or build a second trailer

• Folding building, 20’ x 24’ (mine office or bunkhouse)

• Small cabin with a shower

• D9L SU & SS Ripper, new stabilizer bar in 2025

• D7H new rollers, idlers, rebuilt transmission, & new transmission oil cooler, 2025

• 2012 ZX200LC-3 1 cubic yard GP bucket with thumb

• Caterpillar TH450B Telehandler forklift (needs repair)

• Small washplant, Cedar Rapids horizontal double deck, 42” x 120”, ~50 cubic yards/hour, needs bearing rebuild

• Big washplant, Cedar Rapids horizontal deck, 48” x 144”, ~100 cubic yards/hour

• Belt feeder, with grizzly & 36” x 40’ heavy duty conveyor

• Gator grizzly feeder, to use with Hewitt Robbin screen deck to build a bigger plant

• 100kW White Genset

• High-pressure pump, 6” x 6”, Deutz air-cooled,

mounted on trailer with suction hose

• Cabin, 12’ x 16’ framed, insulated, & wired

• Northern Lights generator, 4.5kW, diesel, almost new

• 1979 Ford flatbed truck 4x4

• 1996 Chevrolet pickup truck 4x4

OPERATIONAL CONSIDERATIONS

Access: from Nome via Nome-Council Road and NomeTaylor Highway (Beam Road)

Elevation: top 160±, bottom 20±

Latitude and Longitude: 64.5310, -165.2590

Overburden section: 15’ - 25’ thick

Pay Section: 15’ - 25’ thick

Mindat Report: https://www.mindat.org/loc-200432.html

Crew Capacity: 4 to 7 people

NI 43-101: N/A

Gold Assay: 91.5%

Estimated Operational Costs

The current estimated operational cost for the 2025 mining season is $1,200 per ounce and an estimated weekly burn rate of $42,000. No capital expenditures are planned for the 2025 mining season.

Historical Production

Process at a season average of ~90 lcyh (up to 120 lcyh) with a grade of >0.015 oz/lcy. The 2025 pay gravel as defined by drilling is estimated to be worth 0.019 oz/lcy or $51/lcy using a gold price of $2,900 per ounce; however, production during the 2025 season is resulting in much higher grade recovery, averaging 0.047 oz/lcy or $156/lcy at the current price of $3,635 per ounce. Since 1997, at least 21,000 ounces of placer gold have been produced from this property using relatively small-scale, mechanized methods.

Type of Gold

The gold at Tripple Creek is coarse, lustrous gold with little staining, mostly rounded discoidal shapes; typical grain size is about 8+% >10 mesh and about 1.5% <60 mesh. The largest nugget recovered by Metallogeny is 1.1 troy ounces.

www.fayranches.com | 800.238.8616 | info@fayranches.com

Mining Methodologies

Placer mining is a method of extracting valuable minerals (using water & gravity) from alluvial deposits, accumulations of sand, gravel, and other sediments found in riverbeds, streambeds, and floodplains. These minerals are typically denser than the surrounding material, allowing them to settle at the bottom over time. Gold, platinum, tin, and gemstones are commonly extracted using this method. At Tripple Creek, dozers (D9L & D7H) remove weakly gold-bearing glacial outwash by backfilling previously mined cuts. Loaders (980G, 972G, L220, & L180) haul the pay gravel to a washplant composed of a Simplicity vibrating wet grizzly feeder, a 4’ x 12’ Cedar Rapids horizontal double-deck, and a custombuilt, multi-stage sluice. Pay gravel is fed to the hopper of the feeder using a 20-ton excavator with a 1-cy bucket. Tailings (stacker, sluice, and grizzly) are stockpiled with a loader for resale or for use at the mine for building roads, ramps, and workpads.

Cleanups of the sluice occur every 3 to 5 days of sluicing, depending on how loaded the riffles are with gold. Final processing of sluice concentrates is performed by further concentrating with a Prospector testplant and then by sieving and panning. The very low content of black sands makes panning fairly quick. Typically, the cleaned gold is ready to sell by the next day. Gold is sold to General Refining Corporation, with an office located in downtown Nome, under very fair terms. Purity assays have been very consistent at 91.5% +/- 0.25%. Smelt loss is typically 2.5%. Refining charges are from 2% to 1%, depending on the size of the lot. A check for ~70% of the estimated value is issued on the spot, and a settlement check is available within 7 days. Wells Fargo Bank is directly across the street from the refiner’s office, making deposits quick and easy.

https://www.mindat.org/loc-200432.html

DISCLOSURES & DISCLAIMERS

The information provided by Fay Ranches, including but not limited to property descriptions, maps, reports, studies, geotech, and any other materials, is offered solely for the prospective buyer’s convenience. While efforts have been made to ensure the accuracy or reliability of the information provided, it is up to the prospective buyer to confirm.

Prospective buyers are strongly encouraged to conduct their own independent due diligence, including but not limited to in-person site inspection, verification of property boundaries, assessment of mineral rights, environmental considerations, permitting requirements, and any other factors material to their purchase decision. The property is sold as is with no guarantees, warranties, express or implied, including but not limited to the existence, presence, quality, or extractable mineral resource.

By submitting an offer, the buyer acknowledges they have relied solely on their own investigations, observations, and due diligence and NOT on any information, representations, or warranties provided by Fay Ranches or the seller.

CLIMATE

Nome, Alaska, has a subarctic climate with long, cold winters and short, cool summers. Winters (October–April) are harsh, with temperatures often below 0°F (-18°C), frequent snowfall, and blizzards. Spring (May–June) brings slow warming, lingering snow, and highs reaching the 40s and 50s°F (7–12°C) by June. Summers (July–August) are short and cool, with highs in the 50s and 60s°F (13–18°C), occasional rain and fog, and long daylight hours—up to 21 hours in June. Fall (September–October) cools rapidly, with early snowfall, storms, and high winds. The nearby Bering Sea influences Nome’s weather year-round.

Climate charts courtesy of https://www.city-data.com/city/Nome-Alaska.html

WATER RIGHTS

The property is subject to state-registered water use rights under Alaska Department of Natural Resources (DNR).

LOCATION

The mine site is on Tripple Creek, approximately 6 miles outside Nome. Travel 2± miles east on Nome-Council Road, turn north on Nome-Taylor Highway (Beam Road) and travel for about 4 miles, then turn south into the mine property on Wally’s Way.

GETTING THERE

Fly to Anchorage, Ted Stevens International Airport; from Anchorage, take a commercial flight to Nome, Alaska.

AIRPORT SERVICES

Nome is a 1-hour 20± minute flight from Anchorage, and there are currently two flights per day. Several air freight companies have regularly scheduled flights from Anchorage to Nome.

HISTORY

Nome, Alaska, was founded in 1898 after three Scandinavian prospectors, known as the “Three Lucky Swedes,” discovered gold in the beach sands along the Bering Sea. This discovery led to the Nome Gold Rush (1899–1909), attracting thousands of prospectors and turning Nome into one of the largest cities in Alaska at the time. By 1900, Nome had a population of over 20,000, but lawlessness, extreme weather, and limited resources made life difficult.

The town’s economy relied heavily on gold mining, with large-scale dredging operations continuing for much of the 20th century. Nome also became a key transportation and supply hub for Arctic communities. In 1925, Nome gained national attention during the “Serum Run,” when dog sled teams delivered diphtheria medicine to the town, inspiring the modern Iditarod Trail Sled Dog Race.

During World War II, Nome played a strategic role as a refueling stop for planes traveling to the Soviet Union as part of the Lend-Lease Program. After the war, Nome’s population declined, but gold mining, fishing, and tourism remained central to its economy.

Today, Nome is known for its gold rush history, Inupiat culture, the Iditarod finish line, and its remote Arctic location. It remains a unique blend of history, adventure, and tradition on Alaska’s western coast.

$11,000,000 Cash

Conventional Financing

This is an exclusive co-listing with Fay Ranches and Real Broker of Alaska. Please contact Troy Dana at (360) 402-5500 | tdana@fayranches.com or Yvan Corbin at (907) 301-0875 | Yvan@alaskatopshelfrealty.com to schedule a showing. An agent from Fay Ranches or Real Broker Alaska must be present at all showings unless otherwise noted or other arrangements are made. To view other properties, fly fishing properties, and sporting ranches that we have listed, please visit our web page at www.fayranches.com.

DATA ROOM

The Data Room will provide additional information such as geology, gold reserves, mining plans, and additional maps. To request access to the Data Room, please email tdana@fayranches.com or yvan@alaskatopshelfrealty.com.

Offer is subject to errors, omissions, prior sale, change or withdrawal without notice, and approval of purchase by owner. Information regarding land classification, carrying capacities, maps, etc., is intended only as a general guideline and has been provided by the owners and other sources deemed reliable, but the accuracy cannot be guaranteed. Prospective purchasers are encouraged to research the information to their own satisfaction.

www.fayranches.com | 800.238.8616 | info@fayranches.com

Scan the QR code to learn more.