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The only lodes known in the Aleutian Islands region are gold deposits (some of which may have been productive) and occurrences of metallic sulfide minerals on Unalaska and neighboring Amaknak and Sedanka Islands (Berg and Cobb, 1967, P. 7â8, fig. 2).
Gold reached $1,828 per ounce on Aug. 23, a gain of about $350 per ounce since July 1. The region has witnessed exploration before. In the late 1970s and early 1980s, inflation skyrocketed and gold prices rose, sparking work in the Aleutian Islands. But when the economy stabilized, exploration was deemed unprofitable and fell off.