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YUKON MAN LEADING MODERN DAY GOLD RUSH THAT'S MADE HIM MILLIONS

YUKON MAN LEADING MODERN DAY GOLD RUSH THAT'S MADE HIM MILLIONS

(Photo by Scott Shulman/ABC News)                            

More than 100 years after the Klondike Gold Rush, prospector Shawn Ryan is searching for the Mother Lode. Ryan, and his wife, Cathy Wood, are leading a new Klondike Gold Rush that has made them millionaires several times over.

"I don't have enough fingers and toes to name off what he has found," said geologist Mike Burke, "He has found a number of small deposits to larger deposits. It's at least probably a million ounces of gold."

Burke met Ryan in the mid 1990's while he was head of the Yukon Territories geology office and Ryan made frequent trips to Burke's office in Whitehorse. Burke is now Chief Geologist for Golden Predator Corporation, a Canadian mining firm.

More than a century after the last great gold rush put this cold corner of Canada, on the map, Ryan is at the same spot on Bonanza Creek where "Skookum Jim" Mason and his two partners pulled out the first gold nuggets that started the gold-searching stampede of 1896.

Ryan, a 47-year-old Canadian backwoodsman with a high school education, may very well be the Skookum Jim of our time. He has spent the past decade quietly staking claims that grant him exclusive rights to mine. Everyone else had all but given up on Klondike.

"You just never know how big this thing could get," Ryan said.

He is referring to his 40,000 claims, which could contain 1 million ounces of gold and cover roughly 1.5 million acres -- a mountainous area bigger than the state of Delaware. Today, each claim is worth billions of dollars as the price of gold approaches $2,000 an ounce. (more)

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Article by DAVID WRIGHT & SCOTT SHULMAN, ABC News | Read full article here

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