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Article: Calista prospects for a brighter future. (Calista Corp.)
- Article from:
- Alaska Business Monthly
- Article date:
- November 1, 1996
- Author:
CopyrightCOPYRIGHT 1996 Alaska Business Publishing Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Mineral explorations may bring greater fortune and shareholder jobs to Y-K region.
It's there - Matthew Nicolai is sure of it. There's gold in those Kuskokwim Mountains - about 3.6 million ounces of it. Not flakes or nuggets, as is envisioned of yesteryear's Gold Rush. This gold is crushed - no larger than a speck of dust and often undetectable to the naked eye.
For 22 years, Nicolai, now president of Calista Corp., has known the gold was out there on the Native regional corporation's 6.5 million acres. He's waited, watched and hoped for a technology that could retrieve, process and refine this microscopic metal.
"We get our hopes up," Nicolai says ...