Silver Dollar

The Silver Dollar is a gold mine located in Alaska.

About the MRDS Data:

All mine locations were obtained from the USGS Mineral Resources Data System. The locations and other information in this database have not been verified for accuracy. It should be assumed that all mines are on private property.

Mine Info

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Site Name

Primary: Silver Dollar
Secondary: Makaich
Secondary: Radovich

Commodity

Primary: Gold

Location

State: Alaska
District: Fairbanks

Land Status

Not available

Holdings

Not available

Workings

Not available

Ownership

Not available

Production

Not available

Deposit

Record Type: Site
Operation Category: Past Producer
Operation Type: Unknown
Years of Production:
Organization:
Significant:

Physiography

Not available

Mineral Deposit Model

Not available

Orebody

Not available

Structure

Not available

Alterations

Alteration Type: L
Alteration Text: Schist is altered.

Rocks

Not available

Analytical Data

Not available

Materials

Ore: Gold

Comments

Comment (Reference): Primary Reference = Hill, 1933

Comment (Production): Production Notes = By 1931, about $4,000 worth of gold (about 193.5 ounces of gold) had been mined (Hill, 1933, p. 127).

Comment (Geology): Geologic Description = Gold has been mined from a quartz vein that strikes N. 30 E. and dips 68 SE (Hill, 1933, p. 127). This 5-foot-wide vein consists mainly of crushed quartz with some altered schist. A sample across the full width of the vein assayed $9.63 in gold per ton (about 0.46 ounce of gold per ton). When visited by Hill in 1931, there was about 10 tons of ore left on the dump, a grab sample of which assayed $74.76 in gold per ton (about 3.6 ounces of gold per ton). By 1931, about $4,000 worth of gold (about 193 ounces of gold) was mined from the shaft and tunnel at an elevation of about 1,300 feet or about 150 feet above the creek. Southwest of the upper tunnel there were several shallow shafts, all of which were caved when visited by Hill in 1931. For a discussion of the Silver Dollar/Ready Bullion prospect explored in the 1990's by Placer Dome Exploration, Inc., see the Ready Bullion prospect (FB024).

Comment (Reserve-Resource): Reserves = Silverado Gold Mines, Ltd. reported a probable resource of 1,232,636 ounces of gold on their Ready Bullion/Silver Dollar property (Silverado Gold Mines, Ltd., Ester Dome project web site, February 17, 2000; http://www.silverado.com). This property includes this site and the Ready Bullion mine (FB024).

Comment (Workings): Workings / Exploration = By 1931, about $4,000 worth of gold (about 193.5 ounces) was mined from the shaft and tunnel, which are at an elevation of about 1,300 feet or about 150 feet above the creek (Hill, 1933, p. 127). Southwest of the upper tunnel there were several shallow shafts, all of which were caved when visited by Hill in 1931. A tunnel started from a point near the creek level was driven S. 65 W. for 515 feet (Hill, 1933, p. 128).

Comment (Deposit): Model Name = Schist-hosted gold-quartz vein

Comment (Exploration): Status = Inactive

References

Reference (Deposit): Cobb, E.H., 1972, Metallic mineral resources map of the Fairbanks quadrangle, Alaska: U.S. Geological Survey Miscellaneous Field Studies Map MF-410, 1 sheet, scale 1:250,000.

Reference (Deposit): Cobb, E.H., 1976, Summary of references to mineral occurrences (other than mineral fuels and construction materials) in the Fairbanks quadrangle, Alaska: U.S. Geological Survey Open-File Report 76-662, 174 p.

Reference (Deposit): Chapman, R.M., and Foster, R.L., 1969, Lode mines and prospects in the Fairbanks district, Alaska: U.S. Geological Survey Professional Paper 625-D, 25 p., 1 plate.

Reference (Deposit): Hill, J.M., 1933, Lode deposits of the Fairbanks District, Alaska: U.S. Geological Survey Bulletin 849-B, p. 29-163.

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