Analysis of Balboa Bay, Beluga, Lost River, and Point Mackenzie as Port Sites for Use by the Mineral Industry.
To aid the U.S. Army Corps of Engineers in their resource development navigation study, the U.S. Bureau of Mines (Bureau) examined the potential for mineral development near 10 Alaska port sites. This report presents the results for the following four sites: Balboa Bay, Beluga, Lost River, and Point MacKenzie. There are 579 known deposits within the area considered for these ports. The majority of the deposits are located within a highway-railroad corridor examined for the Point MacKenzie port site. Based on the current level of knowledge, coal deposits near the Beluga and Point MacKenzie port sites are most likely to be developed in the near future. This conclusion is based on the fact that coal projects in these areas are actively being pursued for development. The mineral wealth surrounding the four port sites is substantial. Mine models were used to examine the potential for mining tin, gold, silver, copper, and molybdenum. The models were based on published reserve and grade data and therefore do not include proprietary company data which, if available, would likely change the analysis results. Of the models examined, the tin placer mine model developed for the Lost River port site proved to be closest to being economic.