Fairbanks mining district

The Fairbanks mining district is a gold-mining area in the U.S. state of Alaska. Placer mining began near Fairbanks in July 1902, after Felix Pedro (real name Felice Pedroni), an Italian immigrant and Tom Gilmore discovered gold in the hills north of the Tanana and Chena Rivers in 1901. Pedro died exactly eight years after finding the richest gold placer he would ever know. By 1903 a new rush started, and prospectors staked thousands of claims. However, mining results were disappointing during the summer of 1903, with little gold recovered. Then Dennis O'Shea struck it rich on Fairbanks Creek, No. 8 Above. This was one of the richest claims in the Fairbanks Mining District and paid as high as $136 to the pan (gold @ $20/ounce). Discoveries on Cleary and Ester Creeks followed, and almost two-thirds of the gold mined in the Tanana hills before 1910 came from these three creeks. Total production of gold was more than $30 million. Towns grew on every creek with a combined population of 1,600 residents.

The district was and is a major producer of gold from both placer and lode deposits: placers have produced over 8 million troy ounces (250 t) of gold, lodes have yielded over 4 million ounces (110 t).