Miners who had worked the gold fields across the American West began making their way to the far-flung regions of the Alaskan and Yukon territories in the 1880’s in search of riches and adventure. Gold was discovered along the Klondike River, but in amounts so small that claims weren’t worth making – at least not yet.
Expeditions were planned to set out in early spring of 1896 following the formation of several gold mining and development companies. In February the Bonanza-Eldorado Company was capitalized to the tune of $200,000,000, setting its sights on dominating the Klondike gold fields with its introduction of revolutionary mining methods.
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