We have recently visited Parker Schnabel’s House in Alaska and it is a massive 30-acre gold mining property, bought for a staggering $8 million.
The acquisition, which took place last month, is set to revolutionize Schnabel’s mining operations and cement his place as a major player in the lucrative world of gold extraction.
Schnabel bought his house, thanks to advice from his fellow Gold Rush actors Todd Hoffman and Tony Beets.
The property, located just 50 miles north of Fairbanks, is renowned for its rich gold deposits and has a long history of successful mining operations dating back to the early 1900s.
Parker Schnabel House
| Location | 50 miles north of Fairbanks, Alaska |
| Size | 3,000 acres |
| Purchase Price | $8 million |
| Expected Annual Gold Production | 10,000 ounces |
| Amenities | – Mining camp for 50 workers – Fully equipped processing plant – Airstrip – Fishing pond – Hiking trails – ATV trails |
Schnabel, who has been actively mining in the region for the past five years, has been eyeing the property for some time, recognizing its immense potential to yield significant quantities of the precious metal.”
“The size and scope of this property are unlike anything we’ve ever worked with before, and we’re confident that it will yield substantial returns on our investment.”
Gold Mining Operations on the Property
The property, which boasts a mix of open-pit and underground mining sites, is expected to produce upwards of 10,000 ounces of gold per year, a figure that could potentially double Schnabel’s current annual output.
To facilitate the increased production, Schnabel plans to invest an additional $2 million in upgrading the property’s infrastructure, including the construction of a state-of-the-art processing plant and the acquisition of new heavy machinery.”
We’re leaving no stone unturned when it comes to maximizing the potential of this property,” Schnabel said. “Our goal is to make this the most efficient and productive gold mining operation in the state of Alaska.”
The purchase of the property comes on the heels of Schnabel’s recent success on the hit reality TV show “Gold Rush,” where he has gained a reputation for his innovative mining techniques and his ability to consistently produce high-quality gold.
Schnabel’s appearance on the show has also helped to raise his profile within the mining community, attracting the attention of investors and potential business partners.