FAIRBANKS — Soon after prospectors began searching for gold around Livengood more than a century ago, a distinctive 1,800-foot-tall hilltop in the area was given a hopeful name: Money Knob.
But despite the persistence of countless placer miners, Money Knob never delivered the mother lode. Their instinct for gold was right, it turns out, but not necessarily their timing.
The prospect is peppered heavily with gold — more than 20 million ounces of it, by the latest estimate — but it’s scattered throughout the rock in microscopic quantities.