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'Gold Rush Alaska': Fred Weighs His Gold And Reaches Profitability (VIDEO)


First Posted: 02/ 6/2012 5:22 am Updated: 02/ 6/2012 9:12 am

With running costs of $1,000 per day, Fred Hurt and his crew at Porcupine Creek will only start turning a profit once they extract at least 50 ounces of gold from the mine.

That may not sound like a lot, but it's worth a whopping $80,000 and, as "Gold Rush: Alaska" (Fri., 9 p.m. EST on Discovery) showed, to mine even that much takes months of hard work.

At reckoning time, a tense Fred sat contemplating his pot of gold and admitted that he didn't know if he'd hit the 50-ounce mark or not. "I've not weighed all this gold ever. I've weighed it separately occasionally, but ... I don't know if this is gonna work or not."

As Fred poured the gold onto the weighing scales the other miners fidgeted nervously. They hit 49 ounces, but the pot was looking empty. Would they make it to 50 ounces?

Finally, a whoop of delight from Fred -- the gold weighed in at 50.7 ounces. They were now making a profit!

"Gold Rush Alaska" airs Fridays at 9 p.m. EST on Discovery.

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Filed by Catherine Lawson  |  Report Corrections