Tony Beets’ bold decision: Giving up millions of dollars to find opportunities in a new place!
Tony Beets, the renowned “King of the Klondike,” faces a pivotal decision in his gold mining career. With over a million dollars invested and weeks of effort at Paradise Hill yielding no gold, Beets must choose between continuing at this challenging site or shifting his operation to the promising Indian River claims.
A Costly Gamble at Paradise Hill
Beets’ ambitious project at Paradise Hill has been fraught with difficulties. Despite significant financial outlays and extensive groundwork, including stripping overburden and battling frozen ground, the operation has yet to strike gold. The massive excavation has turned into a costly endeavor with uncertain returns.
Indian River: A New Opportunity
Amidst the struggles at Paradise Hill, Beets has been granted a partial license to mine at Indian River. This claim boasts over 8 miles of pre-ripped, gold-rich ground, presenting a tantalizing opportunity for a substantial haul. Beets has resurrected an old dredge and added a second wash plant and shaker deck to enhance his chances of success.
