Paupers Dream

Prospect, Active

Commodities and mineralogy

Main commodities Au
Other commodities As
Ore minerals arsenopyrite; gold
Gangue minerals quartz

Geographic location

Quadrangle map, 1:250,000-scale LG
Quadrangle map, 1:63,360-scale A-1
Latitude 65.0645
Longitude -147.4296
Nearby scientific data Find additional scientific data near this location
Location and accuracy The Paupers Dream prospect is on the divide between Bedrock Creek and Chatham Creek, approximately one-quarter mile southeast of the Cleary Hill mine; it is in the NE1/4NW1/4 sec. 30, T. 3 N., R. 2 E., of the Fairbanks Meridian.

Geologic setting

Geologic description

Note: As of 2008, this site and several others in the vicinity are being explored as a single entity by Freegold Ventures Inc. (Freeman, 2008) Considerable new mineralization has been discovered that indicates this is part of a larger mineralized system that is described as a separate ARDF site (LG205).
The date of discovery of this prospect is not known however Anthony Goessman began prospecting in the area in 1905. In December of 1908, Mr. Goessman transferred his interest in the Wyoming, Paupers Dream, Texas, Alabama, California, New Year's Fraction, Idaho, Colorado and Apex Fraction claims to the Tanana Quartz and Hydraulic Mining Company (Times Publishing Company, 1912).
The Paupers Dream prospect is a north-trending shear zone which extends from the Paupers Dream claim (MS1639) on the south, through the California claim (MS1639), and onto the Texas claim. Where exposed on the Paupers Dream claim, the shear zone dips steeply west and has a high sulfide content, primarily arsenopyrite (Smith, 1913; B 525). Free gold was particularly abundant in weathered portions of the shear zone. This shear trends across the California prospect to the east of the eastern-most shaft on the California prospect (LG121).
Geologic map unit (-147.43204783182, 65.064076905317)
Mineral deposit model Gold-quartz vein.
Age of mineralization Probably about 90 Ma based on analogy with similar gold deposits nearby.
Alteration of deposit Not noted.

Production and reserves

Workings or exploration Smith (1913) describes the shear zone of the Paupers Dream prospect as extending through the California and Texas claims, but there is no detailed description of the workings.
Indication of production Undetermined

References

MRDS Number 10307732

References

Freeman, C.J., 1992, 1991 Golden Summit project final report, volume 2: Historical summary of lode mines and prospects in the Golden Summit project area, Alaska: Avalon Development Corp., 159 p. (Report held by Freegold Recovery Inc. USA, Vancouver, British Columbia.)
Freeman, C.J., 2008, Executive summary report for the Golden Summit project, Fairbanks Mining District, Alaska: Unpublished Technical Report for Freegold Ventures Ltd., 112 p. (posted on www.sedar.com, March 31, 2008).
Reporters C.J. Freeman, J.R. Guidetti Schaefer (Avalon Development Corporation); D.J. Grybeck (Port Ludlow, WA)
Last report date 6/5/2008