A Modern Gold Rush: Hunting for the Motherlode | Australian Markets

As you’ll recall, final week, I used to be at the Diggers & Dealers occasion in Kalgoorlie.

Kal has historic gold roots from the Eighteen Nineties, a prolific discovery period.

So, as we speak, I assumed I’d proceed that theme, detailing what was maybe the most well-known gold discovery ever.

But, this time, it wasn’t in Australia, however the different facet of the world, in Canada.

And that is the place it begins…

In 1896, three lads named George Carmack, James Mason and his nephew, Charlie, headed north into Canada’s distant Yukon province.

With unemployment high, the three pioneers sought to make a residing from the wild, untamed wilderness.

Fishing and logging their approach by way of the despair years.

However, what adopted not solely modified the fortunes of these three males but in addition a lot of the financial system throughout North America.

Making their approach down the Klondike River in the distant Yukon Province of Canada, the trio adopted a lead from an Indigenous legend…

It was rumoured that plenty of gold sat alongside the bank of one of the many tributaries of the Klondike River.

But the precise location was unsure.

Without any need for gold, the indigenous population by no means gathered the bounty right here. What was the level for them?

But for the white man, this was Canada’s El Dorado, a obscure delusion offering fortunes for its finder… If it had been true.

At the time, the Yukon territory (east of Alaska) was recognized to include gold, and a number of other remoted mining camps had been scattered throughout the distant territory.

Plagued by its summer season mosquitoes and biting flies, the three pioneers spent weeks searching the many tributaries branching off the Klondike.

Eventually, the three prospectors stumbled upon one tributary referred to as Rabbit Creek.

And from there, it didn’t take long…

The story was true!

On August 17, 1986, at a sharp bend on the river, the trio stumbled upon a swarm of nuggets.

Golden nuggets!

As Johnny Horton, in his ‘North to Alaska’ traditional, would sing:

‘Where the river is windin’ large nuggets, they’re findin!’

This discovery would kick off the famed ‘Klondike Gold Rush.’

The trio shortly pegged out their declare and registered it with the native police post.

Word shortly unfold to close by mining camps.

Within days, all the land surrounding Rabit Creek had been staked.

But wherever there’s gold, there’s sure to be more!

With the prized land taken, prospectors continued their hunt… Downstream, upstream.

It didn’t take long… Another swarm of nuggets even RICHER than the first was found.

Gold fever was about to grip the ENTIRE North American continent. In what would grow to be the most intense gold rush ever recognized!

But with no means of long-distance communication, it took time for the news to circulation hundreds of miles south.

In reality, in keeping with some sources, the story didn’t register with the public till a steamer pulled into port and unloaded its wealthy bounty in entrance of a jaw-dropping crowd.

Weeks after the initial discovery.

From there, the news broke like wildfire.

Tram drivers, steamship operators, farmers, loggers… gold fever unfold fast!

Here’s a copy of an unique news headline after the Steamer Portland arrived in Seattle:

And this excerpt from the native paper, The Seattleite, dated July 17, 1897:

“Seattle is all ‘agog’ with this gold fever, and the streets are crowded with knots of men so worked up over the news that they can scarcely avoid being run over by the cars and carriages.”

But by 1897, ‘Klondike Fever’ hadn’t simply struck Seattle however most of the North American continent.

With that… The great northern rush was on!

With a minimum of one 12 months’s provides, prospectors jumped on dogsleds and made their approach by way of the perilous snow and ice up Canada’s northern frontier.

The journey was made well-known by Jack London, a younger creator who documented his travels up the Yukon from San Francisco.

Around 100,000 determined hopefuls made the journey.

Some would perish, most would flip back.

Only about a third of those that left in 1897 would make it up to the Yukon goldfields.

Among these, a few grew to become wealthy.

The Yukon Remains a Frontier for Explorers

The Eighteen Nineties had been a fascinating period for treasured metals.

But to at the present time, Northern Canada stays one of the world’s largest untapped frontiers for new gold discoveries.

In reality, I tipped one stock to my readers that’s unlocked what may very well be the ‘source’ of the gold that fed the well-known Klondike Gold Rush.

You see, each gold nugget has an origin; gold doesn’t begin life as a nugget.

It begins deep underground, in the rock-bearing deposit.

And that’s what this company is attempting to uncover: the motherlode that fed the prolific Klondike Gold Rush!

If you’d prefer to be taught more, you are able to do so right here.