Ingle Creek Placer Mine

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1 Location and Accessibility The Ingle Creek claims lie within the Fortymile mining district of east central Alaska. There are 3 40-acre state claims located 4 miles west of Chicken. Ingle Creek is a 2 mile long tributary of the Mosquito Fork of the Fortymile River. There are existing state claims bordering the mine to the west and north. The Ingle Creek placer operation can be accessed by 4x4 road 2 miles west of Chicken off the Taylor Highway. Historical Work Placer gold has been mined on Ingle Creek as early as 1905 intermittently to 1936 and then again in the 1970s. Old workings start at the mouth and go upstream for about 1.25 miles. A possible lode source may be gold-bearing calcite-quartz veins noted in the headwaters of Ingle Creek. Placer Mine Operation in goldproducing Fortymile mining district 4 miles from Chicken Price $195,000 possible terms In Fortymile mining district that has produced gold since 1886 Two claims are stripped and ready to sluice Road accessible off the Taylor Highway via truck or 4-wheeler Historically mined and possible lode source in headwaters Current claims have been held since 1986, though no production has taken place. The two lower claims have been stripped and are ready to sluice. Testing in August 2013 yielded gold at 1 troy ounce per 83 cubic yards Upper claim ready to strip Turn-key operation

2 Ingle Creek Placer Mine Geology Bedrock geology of the area as described in the USGS open-file report is mostly Paleozoic metavolcanics and metasediments intruded by Triassic and Jurassic age intrusions. Tertiary gabbro cross-cut these units along high-angle faults. On the east side of Ingle Creek tuff and minor shale overlie the Tertiary gabbro. Ingle Creek claims in blue showing close access to Taylor Highway just west of the town of Chicken. Other existing claims are in red. Gold Placer gold in Ingle Creek has historically been recovered beneath 2-4ft of gravels on top of bedrock and within the top foot of bedrock. Gold is mostly coarse nuggets and one nugget collected in 1938 weighed 3.5 ounces. In August 2013, material was tested by running it through a sluice. Grade of material averaged 1 troy ounce per 83 cubic yards. Example of the 3.24 troy ounces of gold recovered on Ingle Creek from testing completed in August 2013.

3 Asset List 1) Three State Mining Claims at approximately 40 acres each. ADL # Leo 1 ADL # Leo 2 ADL # Leo 3 $60,000 2) Cabin & Outbuildings. Approximately 20'x30'. $30,000 3) Camper Trailer. $3,000 4) Tool Camper Trailer $1,000 5) 6x6 Fuel Truck $3,000 6) Diesel Fuel 1000 $5/gallon $5,000 7) Cat 988 Loader $20,000 8) HD21 Dozer $10,000 9) Cat 235 Excavator with extra bucket. $35,000 10) Dodge Service Truck with Misc Fittings, Welder & Air Compressor. $3,000 11) Two Dump Trucks $500 Each. $1,000 12) Shaker Plant $14,000 13) Gen Set for Plant $4,000 14) Water Pump with hoses for Plant $5,500 15) Spare Water Pump $3,500 Total $198,000 Aerial view of Ingle Creek Placer Mine showing area of creek ground stripped in center right of photo. Bench workings, camp, and equipment are in the center left of photo.

4 Cabin and outbuilding, approximately 20 x30 Interior of cabin Camper trailer

5 Tool camper trailer Service truck Fuel truck

6 6-inch Detroit pump Detroit gen set Shaker plant

7 Cat 988 Loader HD21 Dozer Road from bench down to Ingle Creek

8 Looking downstream from the top of Leo 2 Sluicing in August 2013 View looking south from bench