Nome Gold Alaska Corporation (“NGAC”) is developing one of the largest marine placer gold deposits in North America located in Nome, Alaska. NGAC has title to over 471 fee-simple US patented mining claims spread over 11,500 Acres (46.5 Km 2) of land near the town of Nome. Nome is located on the southern Seward Peninsula coast of the Bering Sea.
Alaska has a long history of mining, a stable political environment and a favorable investment climate that encourages resource development. Gold mining has been a major industry and impetus for exploration and settlement in Alaska with over 40 million ounces of gold produced since1880. Areas near Fairbanks, Juneau, and Nome are responsible for most of Alaska's historical and current gold production