Miners have been sourcing for gold in the state of Alaska for more than a century now, with miners discovering various-sized nuggets. The biggest gold nugget that was discovered in the state was found more than two decades ago by Barry Lloyd Clay, a gold miner from the Palmer region. This huge and rare gold nugget, which was dubbed the Alaska Centennial Nugget, has been put up for sale at an auction that is set to take place on Dec. 8, 2021. Many forecast that the nugget will be bought for no less than $1 million.
The nugget was discovered near the town of Ruby in 1998, while Clay was shoveling dirt with his bulldozer along the Swift Creek Mine’s shores. It is said that the miner buried it near a tree to give him time to think about what he would do with this spectacular find.
The nugget weighs about 294 troy ounces, which is equivalent to roughly 9 kilograms, making it the second biggest nugget ever discovered in the western hemisphere. It was christened the Centennial nugget because it was discovered on the 100th anniversary of the 1896 Klondike Gold Rush.
The nugget’s present owner bought it directly from Clay and has ensured that it remains in the same family for more than 20 years. The auction set for next month will be the first-ever public offering of the rock, which many consider to be of museum quality.
In a video, Craig Kissick, the director of nature and science at Heritage Auctions, stated that the Centennial gold nugget’s existence made it even more rare, as fewer than 50 gold nuggets that weighed more than 250 ounces existed as gold in nugget form. Kissick further noted that it was uncommon for gold nuggets of such massive size to exist.
Between 1910 and 1920, some of the richest placers in the state of Alaska worked in the area where the nugget was discovered. While only a few commercial miners are currently operating in that particular area, Alaska still has the highest number of commercial mining operations compared with other states. Experts believe that this is primarily because state regulations are more miner friendly. With the high prices of gold seen in the past few years and the renewed interest in gold mining, experts are hopeful that more gold nuggets will be discovered in the state in the near future.
While such unusual giant nuggets capture the imagination of entire nations, it is the day-to-day activities of precious metals companies such StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) that keep addressing the demand for the shiny metal.
NOTE TO INVESTORS: The latest news and updates relating to StraightUp Resources Inc. (CSE: ST) (OTCQB: STUPF) are available in the company’s newsroom at https://ibn.fm/STUPF
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