The Chandalar mining district is about 190 air miles north of Fairbanks and 48 air miles east-northeast of Coldfoot, an important service center on the Dalton Highway. The Dalton Highway, which parallels the Trans Alaska Pipeline, is the highway link to the Prudhoe Bay oil fields on Alaska's North Slope. Access is either by aircraft from Fairbanks, or overland during the winter season via a 55-mile-long trail from Coldfoot to Chandalar Lake and then 7 more miles on to the Little Squaw Gold Mining Company's (LSGMC) camp and on Little Squaw Creek.

The Chandalar district is widely recognized as the easternmost mineralized area within a Devonian age schist belt that extends along the south flank of the Brooks Range. This belt includes such famous deposits as Cominco's Red Dog zinc mine, the largest zinc deposit in the world, and the prolific Ambler volcanogenic massive sulfide (copper & zinc) district, now controlled by Nova Gold. Prospectors discovered the district about 100 years ago, and its recorded production from placer and lode mines is 84,000 ounces. There has been a substantial but unknown amount of unreported and otherwise secret production. Of the recorded production, 76,000 ounces of gold or about 90 percent of the total was recovered from placer deposits. Most of the remaining 10 percent of the total was recovered from the Mikado Lode.

The Mikado is one of some thirty auriferous quartz-sulfide veins that are now documented on the property. The Mikado, together with the Little Squaw, Summit, and Eneveloe quartz lodes have been explored with a total of about 2,000 ft of underground workings and several hundred feet of dozer trenches and open cuts. The shallow (< 200 ft) exploration drilling of these four lodes has been sparse and inadequate.

All of the other veins remain virtually unexplored except for a few surface samples the have verified the presence of gold in them. The Chandalar district has not experienced any kind of exploration study utilizing modern exploration techniques. For example, there has never been any geophysical surveys carried out on the property. And, many of the source lodes for the rich placer gold deposits remain undiscovered.

Current management contracted Pacific Rim Geological Consulting, Inc. to complete an independent study on the Chandalar district. Among other important conclusions, they liken the Chandalar district deposits to many large and famous gold deposits of the circum-pacific rim in Russia, the United States and Australia as outlined in the following table.

LSGMC controls mineral rights to 14,993 acres that cover most of the Chandalar mining district. Its mineral rights are as fee simple federal mining patents and by Alaska state unpatented mining claims. LSGMC presently holds patent title to 426.5 acres on 21 lode and one mill site claims as shown in red on the map below. Additionally, there are 1,020 acres within 26 older traditional state mining claims (shown in green and orange on map below), and claims encompassing surrounding acreage acquired in 2003, 2004, 2005, and 2006 include 93 Alaska state, 160 acre claims acquired under provisions of the new Alaska MTRSC staking regulations.

The main hard rock deposits in the Chandalar district are the Mikado Lode, Chandalar-Eneveloe Lode, Summit Lode, and the Little Squaw Lode. Other Lode Gold Prospects in the Chandalar Mining District include the Crystal Vein, Big Squaw Claim, Pioneer Prospect, Drumlummon Prospect, Grubstake Vein, Grubstake East Prospect, Prospector East Prospect, Indicate-Tonapah Lode, Chandalar Vein, Jupiter Vein, Bonanza Vein, Pallasgren Claim, St. Marys Prospect, Star Claim Group, Star No. 3 Claim, Duplex-Triplex Vein, Wildcat Prospect, Jackpot Prospect, Woodchuck Claim, Little Kiska Occurrence, Pedro Prospect, and the Grubstake West Claim Group. Most of these prospects are historic discoveries carrying significant gold values that remain as yet unexplored.