The Ganes Creek Property assembled by Clark-Wiltz Mining, Inc. controls the exploration and gold mining rights to over 50 square kilometers in the Ophir mining district approximately 45 km west of McGrath, Alaska. The property consists of 90 patented federal mining claims and 238 State mining claims.

     Over 250,000 ounces of gold including many large gold nuggets have been recovered from alluvial deposits by dredge, dragline and dozer operations principally located on the patented claims owned by Clark-Wiltz. Modern mining of the alluvials continues on a fairly large scale still working Ganes Creek and it’s perched bedrock benches and tributary creeks. Much of the gold being detected and mined is coarse and frequently large particles of gold are found still attached to quartz and other gangue material. Large nuggets are not uncommon, the largest so far being 122 ounces. Clark-Wiltz started allowing paying visitors to the mine in 2002 to search the tailing piles for gold nuggets lost in the old operations. So far, hundreds of ounces of gold have been found, including a 20.1 ounce, 33.85 ounce and a 88 ounce nuggets early in 2004 by gold detectors. A 51.6 ounce chunk of the original source vein material with gold enclosed was found in 2003. A 42.9 ounce gold nugget was the largest detected in 2005; and, in 2006 over 120 ounces were found.

     Bedrock beneath the Ganes Creek claims is predominately Cretaceous age basinal sediments, cross cut by quartz veins and sets of northeast trending dikes ranging from rhyolitic to andesitic composition. The Yankee-Ganes Creek fault forms a prominent NE lineament along the ridge in the eastern part of the property. This splay of the important Iditarod-Nixon Fork Fault has been the locus of considerable exploration, most recently by Placer Dome US (1996, 1997) working on the interpretation that Ganes Creek represents the faulted off-set from the Donlin Creek (12 million ounce) district located approximately 130 km to the southwest. More hardrock exploration is scheduled for 2006.

     Ganes Creek valley is inferred to be the expression a deep seated structure oblique to the Y-G fault. On the vegetation covered lower slopes between Ganes Creek and the Y-G fault, intervening related faults probably controlled emplacement of the dike swarms. These structures present viable exploration targets in the obscured areas from which the alluvial gold is being derived.

Miles of tailings await!