Over time, the Fairbanks mining district became Alaska’s largest producer of gold, earning it the title “America’s Klondike.” 15.4 million ounces of gold, or about one third of all the gold recovered in Alaska, were
Over time, the Fairbanks mining district became Alaska’s largest producer of gold, earning it the title “America’s Klondike.” 15.4 million ounces of gold, or about one third of all the gold recovered in Alaska, were won from mineral deposits within 25 miles of Fairbanks. Beginning in the 1920s, the renowned USSR&M Company built a fleet of eight bucketline stacker dredges to mine the Fairbanks area. From 1928 to 1965, the USSR&M Company dredges produced 4.2 million ounces of gold, about equal to that won earlier by gold rush era miners. Large