TV NEWS
Parker Schnabel's Gold Rush Company Explained
By MIKE BEDARD
According to a press release from January 2023, "Gold Rush" star Parker Schnabel is the owner and founder of Little Flake Mining, which is partnered with Metallic Minerals.
As part of the agreement, Little Flake has received the exclusive mining rights to 5.5 miles of alluvial gold claims at an Australia Creek property located in the Yukon.
Meanwhile, Metallic Minerals receives royalties from any gold mined, resulting in a profitable venture for both parties.
The historic Australia Creek property is estimated to have millions of ounces of gold lying in wait. Schnabel's company is planning a 400-hole drill program for winter 2023.