Unnamed (northwest of Dry Bay)

Prospect, Undetermined

Commodities and mineralogy

Main commodities Ag; Au; Fe; Ti
Ore minerals gold; ilmenite; magnetite

Geographic location

Quadrangle map, 1:250,000-scale YA
Quadrangle map, 1:63,360-scale B-3
Latitude 59.2566
Longitude -138.7965
Nearby scientific data Find additional scientific data near this location
Location and accuracy This prospect consists of a large block of claims covering an area up to about 4 miles wide that stretches northwest along the coast for about 18 miles from the mouth of Dry Bay. The coordinates are at approximately the center of the claims near the center of section 1, T. 31 S., R. 39 E.

Geologic setting

Geologic description

Beginning in 2006, Geohedral LLC with financial backing from the Beard Company staked claims over an area up to 4 miles wide and 18 miles long covering about 49,000 acres along the coast northwest of Dry Bay. The claims were believe to have significant quantities of iron, titanium, gold, and silver in black sands on elevated marine beach terraces. Geohedral drilled 11 core holes in 2008. In 2009, their efforts expanded inland to the Tarnis Mesa area (YA014). In 2010, the Beard Company commissioned an independent analysis of the samples and reported that 'Geohedral's mining claims failed to indicate commercial quantities of gold or silver in any of Geohedral's present claims and have shown significantly less magnetite and ilmenite within the Black Sands area than was documented previously.' (Beard Company, 2010).
Geologic map unit (-138.798224166185, 59.2563191363027)
Mineral deposit model Black sands in raised marine terraces.
Age of mineralization Quaternary.

Production and reserves

Workings or exploration Beginning in 2006, Geohedral LLC with financial backing from the Beard Company staked claims over an area up to 4 miles wide and 18 miles long covering about 49,000 acres along the coast northwest of Dry Bay. They drilled 11 core holes in 2008.
Indication of production None
Reserve estimates None.
Production notes None.

References

References

The Beard Company, 2009, 2009 Annual Report: http://beardco.com/sites/default/files/2009%20Annual%20Report.pdf (as of Jan 10, 2011).
The Beard Company, 2010, The Beard Company reports third quarter operating results: http://beardco.com/sites/default/files/brco%20111610.pdf (News release, Nov. 16, 2010).
Reporters D.J. Grybeck (Contractor, USGS)
Last report date 2/28/2011