# Goldrich Mining Company

> Goldrich Mining Company is a Spokane-based mineral exploration company developing the roughly 23,000-acre Chandalar gold property in Alaska. Its strategy combines exploration for hard-rock gold with efforts to monetize placer deposits. A former 50/50 mining joint venture dissolved in 2019; the company announced a proposed financing package of up to $20 million in October 2024 to support a restart.

- **Founded:** 1959
- **Headquarters:** Spokane, United States
- **Founders:** Eskil Anderson (Incorporated predecessor Little Squaw Mining Company in 1959)
- **Products:** Chandalar hard-rock exploration, Little Squaw Creek placer project
- **Notable:** Consolidated a roughly 23,000-acre Chandalar land package., Completed a 25-hole, 4,400-meter diamond drilling program in 2011., Former joint venture extracted approximately 17,100 ounces of fine gold in 2018.

## Products & services

- **Chandalar hard-rock exploration** — Geological mapping, geochemical sampling, geophysical surveys and drilling to investigate lode gold targets on the Alaska property.
- **Little Squaw Creek placer project** — Development of gold-bearing gravel deposits; historical production through a former joint venture, with later restart and financing proposals.

## Achievements

- Consolidated a roughly 23,000-acre Chandalar land package.
- Completed a 25-hole, 4,400-meter diamond drilling program in 2011.
- Former joint venture extracted approximately 17,100 ounces of fine gold in 2018.
- Announced settlement of arbitration in April 2023.

## Latest updates

- **2026-07** — A reclamation narrative dated July 2026 proposes placer mining and concurrent reclamation during 2026-2030 under APMA 9953; this is proposed work, not confirmation of production.
- **2024-10** — Engaged Castle Placement for a proposed financing package of up to $20 million; anticipated 2025 restart was conditional on financing.
- **2024-01** — Steve Vincent appointed acting interim CEO following William Schara’s resignation.

## Links

- Website: https://goldrichmining.com
- LinkedIn: https://www.linkedin.com/company/goldrich-mining-company
- Facebook: https://www.facebook.com/GoldrichMining

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Profile page: https://yespress.io/goldrich-mining-company
Published by YesPress — https://yespress.io
Last updated: 2026-10-22