Goldrich Mining Company has completed mobilisation equipment and supplies needed for its placer drill program and placer mining operations at Chandalar, Alaska. Goldrich NyacAU Placer is a 50/50 joint venture formed by Goldrich and NyacAU, managed by NyacAU to mine Goldrich’s various placer properties at Chandalar. Equipment and supplies with an approximate value of $4 million were delivered over the 90 mile winter trail between Coldfoot, Alaska and Chandalar. Total investment in equipment and assets mobilised to the site for both exploration and mining activities, including equipment previously purchased now exceeds $8 million.

Bill Schara, CEO of Goldrich said “We are pleased with the progress being made. Both the placer drill program and the beginning of mining operations this summer have the potential to add significant value for Goldrich.”