Marine Placer Development and Opportunities in Alaska

Alaska, with about 74% of the US continental shelf, is largely unexplored for placers in its vast shallow marine waters. Nevertheless, there are numerous occurrences of marine minerals including gold, platinum, and cassiterite. Offshore dredging has recently begun in the Nome area. State and Federal agencies are preparing additional acreage for leasing. With 76,200 km (47,300 miles) or 54% of the US coastline, Alaska is a vast, largely unexplored frontier for shallow-water marine placers. Despite the general lack of mapping and only sporadic past prospecting, many prospects are known and a major mining operation for gold has recently begun offshore of Nome. Due largely to the demonstrated success of the Nome operation, the US Minerals Management Service is preparing to conduct a lease sale of additional acreage further offshore from Nome. And future sales are being considered elsewhere by both the Federal and state leasing agencies.