Established by the discovery of gold by Felix Pedro in 1902, Fairbanks is located in the Tanana Valley of Alaska's interior. In the early 20th century, sternwheelers carried settlers and miners along the Chena and Tanana Rivers as they do for visitors today. The second-largest city in Alaska, Fairbanks is named the '''Golden Heart City'' for its historical and modern gold industries and for its central location. The city serves as the hub of the region known as Alaska's Interior. In the summer, visitors and residents alike enjoy nearly 24 hours of light daily. Visitors have many choices in Fairbanks. Experience Fairbanks' rich Gold Rush history via sternwheeler, or visit one of the region's many gold mines. The Arctic Circle and the Yukon River are just a short flight away.