Icy Cape Project
The Icy Cape Gold and Industrial Heavy Minerals Project
The Trust Land Office is currently conducting exploratory work on Alaska Mental Health Trust Authority land near Icy Cape, about 75 miles from Yakutat. The Icy Cape sands contain significant prospects of gold and industrial heavy minerals, such as garnet, rutile, zircon, magnetite, epidotes, and platinum group metals. Further exploration this summer will help determine the potential for development of this project.
Minerals extraction would generate revenue to fund Trust programs
In order to support vital services for beneficiaries, the Trust needs to continue to generate revenue from its land and resources. Those revenues fund Trust programs that serve Alaska’s most vulnerable populations including people with mental illnesses, developmental disabilities, Alzheimer’s disease and related dementias, traumatic brain injuries, and substance abuse disorders.
Icy Cape is located in a remote, hard-to-access region
Icy Cape is located on the coast of the Gulf of Alaska near Icy Bay, 75 miles northwest of Yakutat. There are no roads to the area but it is accessible by boat, barge, and plane. The area is closed to public access. There is no fishing, hunting or recreational activities allowed in the area. Since the area has seen timber harvest activity in the past, some infrastructure already exists, including logging roads and a 4,000-foot airstrip.
Preliminary results have been promising
Results of initial exploration work confirmed potential for gold and identified and quantified other heavy minerals as prospective co-products. Reconnaissance sampling showed samples have gold and heavy minerals.
There will be further exploration this summer
The TLO this summer will be taking core samples to prepare a better picture of the extent of the resource and its potential as a placer mining project.
The work will consist of crews collecting core samples of deposited sands, which will be analyzed for gold and heavy minerals content.
Over the next decade, the TLO will also develop timber resources in the Icy Cape District, which will allow synergy with mineral resource development strategies. Work will be conducted this summer to prepare for an initial TLO timber sale in the Icy Cape District. There has been timber harvesting in the area in the past.