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Heap leach adds life to Fort Knox: gold mine receives extension to 2019.(SPECIAL SECTION: MINING ISSUE)

Alaska Business Monthly

| November 01, 2007 | Liles, Patricia | COPYRIGHT 2007 Alaska Business Publishing Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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Owners of Alaska's largest gold mine plan to incorporate a heap-leach operation and a pit expansion to the existing hard-rock operation, a capital investment designed to extend the Fort Knox mine life by at least seven years.

That's good news for the 400-person work force currently employed at Fort Knox, located about 25 miles northeast of Fairbanks. The open-pit mine and mill complex began gold production in 1996, surpassing the 3 million ounce mark in 2006.

Without the two capital projects, mining at Fort Knox would stop in 2010, with final gold processing two years later. The planned heap leach and the pit-expansion ...

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