Alaska-Juneau Gold Mining Company north side of Douglas Island. In 1922, the office and records were moved to the AJGMC mining area on the other side of the Gastineau Channel. After the Alaska-Juneau mine closed in 1944 because of the World War II labor shortage, AJGMC sold its hydroelectric power to Alaska Electric Light & Power, Juneau's local utility company. In 1972, AEL&P purchased all of the AJGMC holdings. Alaska-Juneau Gold Mining Company The Alaska-Juneau Gold Mining Company (AJGMC) was incorporated under the laws of West Virginia, USA in 1897. Its lode mining claims covered approximately on the wide vein called the Juneau gold
Juneau gold belt fissure fillings of the area are comparable with the California "mother lode" deposits. Most of the gold mines in the Juneau belt occur in the band of black slate which lies between the schists to the northeast and the greenstones to the southwest. "The complex of veins which follow this black slate is described as the main lode system of the Juneau belt." "Parallelism of vein systems and ore deposits with the outcrops of bed-rock formations...is one of the noteworthy characteristics of the district." This results in a "linear distribution of the mines." Most of the gold deposits are found