On September 28th, 2011 the State of Alaska auctioned off 84 sub-sea mining leases in the Bering Sea in the near shore waters around Nome, raising 9.3 million dollars. The summers of 2011 and 2012 saw a peak in the number of offshore Nome gold dredges on the water. Since 2012, those numbers have declined 20% to 25% per year, while the average size of those remaining increases. As of March 2016, there are 29,423 acres of offshore Nome mining leases issued, and an additional 570 acres of public recreational mining areas. The State has no plans at this time for a future lease sale offshore Nome.
I have a long history of gold mining offshore Nome, Alaska. When I first came to Nome, gold was under $500/ozt. When I got started, people helped me out with advice; and now that I am an expert in this field, I too am willing to offer advice to anyone who seeks it.
If you are looking to invest in a Nome operation, there are several options available to you: Near-shore operations (either excavator or suction dredge) in a crowded field and severely depleted resource, there are deeper water diver-less operations put together by people with no track record of success who are experimenting with unproven designs, and then there is me with proven results, proven technology, and thousands of acres of profitable ground with my name on it..
My leases were extensively studied by government researchers and previous leaseholders as part of multimillion dollar studies; but very little of it has been mined due to its depth. Depth is not an issue for my design. The results of these studies show that like everywhere else around Nome, the gold distribution is not uniform, and only approximately 10% of these acres are considered to be a high enough grade to be worthwhile to mine.
I plan to construct a new, much larger and more efficient Bering Sea gold mining dredge; using all the things I have learned over the past 11 successful years of mining offshore Nome. My new operation will continue to follow my philosophy that views mining for gold from the sea as continuation and extension of the subsistence lifestyle, which must only be done in harmony with traditionally harvested resources.
If this sounds like something you can be a part of, you can contact me, Andrew C. Lee, via email to “loans” at “safonatt.com”