Nevada gold nugget detector forum. Chat about prospecting Nevada, good areas to hunt Nevada gold, discuss the latest metal detector technology Minelab, Gold bug 2, Tesoro, Whites detectors. Display your finds!
Posted: Sun Apr 06, 2008 5:09 pm Post subject: CANADA MINERS IN THE USA TMJ 1 30 1931
THE MINING JOURNAL FOR JANUARY 30, 1931
CANADA
The Deep Channel Gold Placers, better known as the Old Sailor Diggings, out from Waldo, Oregon, recently owned by A. E. Reames, of Medford, have passed to a Vancouver, British Columbia, trio. The new owners are Charles Oldfield, Edward Knowlton, and J. S. Patterson. They have reopened the property, and incorporated the Plateureke Mining Company, with head office at Seattle, Washington. James M. Logan, an old time placer operator in the Waldo District, has acquired an interest in the property, and will be Engineer in Charge.
=-=-=
The Ludlum Engineering Corporation of New York, operating a gold dredge at Gold Hill, Oregon, as the Rogue River Gold Company, has taken over two old-time producing gold quartz properties in southwestern Oregon, and will equip them with flotation machinery. One of these mines, the Humdinger, near Williams, has been operated the last two years by A. W. Constance, of British Columbia.
The principal development is a double-compartment shaft, sunk 800 feet on the main vein, and from which considerable drifting has been done. The other property is the Continental Mine, at Nugget, which had been productive before the war, but has never been equipped with a mill. Grants Pass is the nearest shipping point for the Humdinger, and Myrtle Creek is the closest shipping point for the Continental Mine. Walter B. Robinson of Medford, Oregon, local representative for the American Smelting and Refining Company, is Engineer in Charge for the new properties.
=-=-=-=
Seattle and Alaska men, organized as the Applegate Mines, Inc., are about ready to operate three hydraulic machines in the Buncom District, not far from Medford, Oregon. The old China Ditch, from the Little Applegate River has been reconditioned over its length of eight miles, and 30-inch pipe connects the ditch with the scene of operations. Although the work will be governed by the supply of water, a 24-hour schedule is anticipated, and an electric plant will be installed to provide light for work, and for the bunkhouses and cook house. R. M. Lewis, and James E. Bradford, both of Seattle, Washington, are President and Secretary-Treasurer, respectively. Floyd T. Steele is Vice-President and General Manager, and has had 30 years’ experience in the Alaska goldfields.
=-=-=-= _________________ STUDY, And be FREE from the BONDS of IGNORANCE!
Posted: Thu Jul 03, 2008 7:58 pm Post subject: CANADA MINING NEWS E & MJ 9 15 1928
E & MJ 9 15 1928
Schumacher Shaft, at Hollinger, Down 4,000 Ft.
Sinking of the Schumacher Shaft at Hollinger Consolidated, in the Porcupine District of northern Ontario, has been stopped at a depth of 4,000 ft., the present objective. Lateral work will he started soon, but it will, of course, be some months before much is known of the possibilities of the new section. The mill continues to handle approximately 4,500 tons a day, which is not enough to maintain dividends at their present rate, and it is probable that the directors will have to take some action before long, in this connection.
=-=-=-=
Sudbury Basin Will Sink a Shaft on Nickel Claims
Sudhury Basin has started development of the nickel properties it recently acquired in the Sudbury District of northern Ontario, and will sink a 1,000-ft. shaft at the Falconbridge Claim which was extensively drilled by E J Longyear Company.
Drilling has indicated about 5,000,000 tons of ore, averaging 3 percent combined nickel
and copper content, within 500 ft. of the surface. In view of the improvement in grade, at depth, shown by ores in the Creighton and Frood mines, it is hoped that the Falconbridge will develop similarly. The shaft will have three compartments.
-0-0-0-0-
Find, Near Kirkland Lake, Attracts Much Attention
A STRIKE of high-grade gold ore, made on Aug. 14 at the property of Trout Creek Gold Mining, between Kirkland Lake, and Swastika, in northern Ontario, has resulted in efforts on the part of several of the important Canadian mining groups to secure control of the company. The property was purchased in 1912, by the present owners but not much exploration, outside of assessment work, was done until this spring. The find was made by Tommy Tennant, a miner in the employ of the company, and is said to show a large amount of free gold. Several engineers who have seen the showing, are of the opinion that the formation is favorable for continuation at depth.
=-=-=-=
Railroad to Abana Will Not Be Built This Year
C T YOUNG, superintendent of development, for Canadian National Railways, has recently made an inspection of the Abana property, in northwestern Quebec, with a view to determining whether or not a branch railroad should be built to the property. His advice is that the present wagon road should be repaired, and made to do for another year. This is taken as meaning that in his opinion, another year’s development work should be done on the property, before the matter is again brought up.
Abana has been the subject of a great deal of controversy, and much talk has been heard about the necessity for a railroad. Reports have placed the ore reserves at a gross value of $30,000,000, but it is believed that these estimates are based largely on an insufficient number of diamond-drill holes, with a limited amount of development on the 300 Level.
Practically all of the machinery for a small concentrator is on the ground, and it will probably be erected this winter.
=-=-=-=
Engineering
Lake Shore Will Use Hoist on 1,000 Level of New Shaft
A hoist for sinking purposes is being installed on the 1,000 Level of the New Shaft, of Lake Shore Mines, in the Kirkland Lake District, of Ontario. The present objective of the shaft is 2,000 ft., but it is intended eventually to continue it to greater depths. A large crusher of the cone type, capable of handling 150 tons an hour, has been installed on the surface, and a jaw crusher has been placed on the 1,400 Level. It is reported that development on the lower levels is satisfactory, excellent widths Being found on the 1,600 Level. The Lake Shore mill is handling 1,000 tons a day.
=-=-=-=-=
Reno Mine Acquired by British
British interests represented by Captain Charles B. Hutton, have acquired the property of ReNo Gold Mines, in the Sheep Creek District, of West Kootenay, B. C., Canada. Captain Hutton, who is a director of Woodbint Gold Mining, made an initial payment of $30,000 on the property, on Sept. 21. The Reno Mine has been developed by four tunnels. _________________ STUDY, And be FREE from the BONDS of IGNORANCE!
( Part I, describing the Home ore deposits, appeared in the issue of Sept. 1. (Not likely that I have that issue))
By A. H. HUBBELL
Associate Editor
WHICH is the more important—the smelter or the mine? At the present stage of operation, the only answer possible, is that both are of equal importance. Without the Home Mine, the smelter would not be in existence today. Time, we hope, will see the plant established on the successful custom basis for which it is equipped. A considerable tonnage of ore will eventually come from the various properties of the district.
How great this will be, or what other districts will contribute ore, only the future can determine. As it is, the existence of ample tonnage for the present purposes has been demonstrated in the Home.
The work of blowing in the smelter began on Nov. 21, 1927, when wood fires were lighted in the first of the reverberatories to be completed. Copper was cast for the first time on Dec. 16, and five days later operations were “almost normal,” according to the log. At the end of five months of operation the plant had to its credit, a production of more than 12,000,000 lb. of blister, of excellent average grade. Today it is producing steadily at the rate of 3,000,000 lb. per month.
At the outset, Mr. Kenneth Williams was superintendent of the smelter. After the blowing in had been completed, however, failing health caused him to relinquish his duties to his assistant, Mr. W. B. Boggs. Subsequently Mr. Boggs was appointed superintendent, and he acts in that capacity today.
Many difficulties have been encountered, as one would naturally expect. The winter in the Rouyn district is long and severe. Temperatures of 30 and 40 deg. below zero are common. Last winter, the thermometer reached 50 deg. Below, on one occasion. Then, too, skilled smelter labor is scarce, despite the nearness of Rouyn’s 4,000 population. Besides the troubles that arise from such conditions, the management has had to cope with those that usually attend the starting of a newly constructed plant.
Despite these obstacles, however, excellent operating results have been obtained. These, together with an account of the difficulties met and overcome, will be set forth in the succeeding pages. Facts, to a large extent, have been furnished by various members of the staff. These are supplemented and supported by information gained by personal observation on the occasion of my visit during the latter part of June.
Time, climate, and transportation were factors of chief consideration. The interests behind the enterprise wished to get into production at the earliest possible date. A railroad into the district was under construction, but would not be ready until Fall.
Supplies, such as cement, tools, and the like, were therefore rushed in over the winter roads, before the spring break-up, in order that work might be started without waiting for the completion of the railroad. Contract for the steel work was let in May. Erection was not begun until winter weather had set in, owing to delay in finishing the railroad into Rouyn. Work was continued through the winter of 1926-27, despite temperatures as low as 50 deg. below zero. Construction and installation of equipment were pushed steadily throughout 1927, and, as previously has been stated, the plant was blown in before the year was out.
Reverberatories, rather than blast furnaces, were decided upon by the designers, because it was anticipated that eventually there would he concentrates to handle as well as direct-smelting ore. A capacity of 1,000 tons per day was desired, and to this end, plans were drawn for two 500-ton reverberatories, each 25x100 ft. inside the brickwork; eight 8-hearth Wedge roasters, 25 ft. in diameter; two 12x26-ft. Peirce-Smith converters; two casting machines; and all accessory equipment. The most important item of the latter, was the coal-pulverizing plant, powdered-coal firing having been decided upon for the reverberatories.
OPERATING RESULTS
Operating results obtained at the smelter even at this early date have exceeded the designers’ expectations. Only one of the two proposed reverberatories has thus far been constructed (work on the other having been held up until a waste-heat boiler can be installed), despite which the amount of ore smelted per 24 hours has already reached the 1,000-ton mark, and will be increased if the smelter office succeeds in carrying out its intentions. Thus it happens that six of the eight roasters are required to feed the one reverberatory. However, this and other details regarding plant equipment and operation will be taken up later in the story.
Ore smelted in the first five months ended June 1, 1928, totaled 103,144 tons. Of this, 79,612 tons was basic sulphide ore, the monthly tonnage ranging from 8,574 in December, to 18,080 in June. The analysis of this basic ore was: Copper, 8.10 percent; gold, 0.232 oz.; silver, 0.84 oz.; iron, 35.20 percent; sulphur, 33 percent; silica, 18.2 percent; alumina, 5.1 percent; and lime, 1 percent.
The 23,532 tons remaining was siliceous fluxing ore containing 54.7 percent silica ; 10.7 percent alumina; 13.3 percent iron; 1 percent lime; 6 percent sulphur; 2.94 percent copper; 0.102 oz. gold; and 0.33 oz. silver.
The monthly tonnage of this grade rose from 2,166, in December, to 6,027 in June.
Basic ore, and siliceous fluxing ore, were charged to the roasters during the first five months in the proportion of five parts of the former, to one of the latter. By analysis, the weighed average charge was as follows:
Copper, 7.22 percent; silica, 24.50; alumina, 6.10; iron, 31.40; lime, 1.00; and sulphur, 28.40 percent. It is desired to use as much of the basic ore, and as little of the fluxing ore, as possible. No oxidized ores are handled. The charge is made up by rule of thumb, the rate of feed being altered by the roaster general foreman, if necessary, in accordance with the results of the slag analysis, posted daily.
Calcine running about 14 percent sulphur, is obtained from the roasters. In the reverberatory, this is smelted to approximately a 25 percent matte when treating a 7 percent ore. The shrinkage on roasting is about 10 percent. Theoretically the matte should be lower in grade, but the converter slag running 3 percent copper, in the form of white metal, is returned to the reverberatory, so that it raises the grade to that stated. The gold and silver content of the matte is irregular, because of the spotty character of the ores in this respect, necessitating careful sampling of the resultant blister.
No limestone or other flux is used in the reverberatory. The average slag for May had the following analysis:
Copper, 0.37 percent; silica, 37.10; alumina, 9.90; FeO, 48.70; CaO and MgO, 3.00 percent (approximately). So long as the FeO is kept below 50 percent, a slag is obtained that is not too high in copper. The slag is quite pure, the ore containing no metals such as antimony, nickel, arsenic, cobalt, or lead. In April, practically the same slag as that in May, was obtained. During the first two or three months of operation, a rather basic slag was run, because of lack of siliceous ore.
The output of the converters in the first five months (ended June 1) was 12,030,338 lb. of blister copper, running 99.24 percent copper, 3.17 oz. gold, and 10.94 oz. silver per ton. No effort is made to produce a blister running over 99 percent. It customarily runs higher, nevertheless, at times as high as 99.5 percent. Shipments running 5.16 oz., 5.57 oz., and 5.89 oz. in gold, have recently been made. Blister is the only product shipped.
Converter slag at present obtained runs about 25 percent silica. It is poured back into the reverberatory. The slag desired, and which Mr. Boggs expects to get in time, would run 27.8 percent silica, 1.95 percent copper, and 48 percent iron. For flux he is using a material containing 60 to 65 percent silica, and 8 to 10 percent alumina. At first, this flux was charged to the converters by “boats” and ladles, which caused some trouble in the large converters; but since the installation of the Garr gun, there has been no trouble.
The only products retreated are the Cottrell dust, slag skulls, and some matte skulls. Slag and matte skulls are crushed and returned to the roasters, to be intimately mixed with the ore. The slag skulls contain magnetite, which always carries appreciable amounts of copper, gold, and silver. Some of the magnetite is formed in the converters and in the roasters, but there is some of it also in the ore. If a considerable quantity is present, clean separation of metal products is difficult.
The smelter force today comprises 200 men, 135 of whom are on operation, and 65 on mechanical work, yard labor, and warehouse, Only 5 percent of this number are experienced. Skilled labor is scarce. On blowing in the plant, only 12 experienced smeltermen were available, including the smelter superintendent. All, save two, came from Arizona.
In a region like the Rouyn district, high smelting costs might logically he looked for. Many handicaps aside from climate and isolation have been encountered. Costs equal to those obtained in Arizona have nevertheless been realized, according to Mr. Boggs, without any steam credit for the reverberatories, and with a much harder ore to crush and roast. The ore does not decrepitate in the roasters, thus making comparatively fine crushing necessary. The gangue carries considerable diabase (combined silica), which also has to be crushed fine in order that it may smelt readily.
414 Engineering and Mining Journal — Vol.126, No.11
_________________ STUDY, And be FREE from the BONDS of IGNORANCE!
Posted: Thu Nov 06, 2008 10:39 pm Post subject: CANADA MINING NEWS THE MINING JOURNAL 2 15 1931
The Boundary Red Mountain Mining Company, A. H. Westall, Sardis, British Columbia, has suspended operations in Whatcom County, Washington, until the spring thaws release water for the operation of the hydroelectric plant. The water comes from a stream having its source in a glacier, and will probably not be available before March 1. The United States Mint has paid $12,478 for the last cleanup, which was made shortly before Christmas.
=-=-=-=
Net profit of the Howe Sound Company, for the quarter ended December 31, was reported as $391,137, after taxes and depreciation, but before depletion. The company earned 79 cents a share during the fourth quarter of 1930, against $1.42 in the same period of 1929. Reports of the company for the year 1930, compiled from quarterly records, show a net profit of $2,030,292, before depletion, against $3,662,475 the previous year. Howe Sound operates in Mexico, under the name of El Potosi Mining Company, and also in British Columbia. _________________ STUDY, And be FREE from the BONDS of IGNORANCE!
Posted: Tue Nov 11, 2008 10:29 pm Post subject: CANADIAN MINING NEWS MINING JOURNAL 2 28 1931
CANADA MINING NEWS THE MINING JOURNAL 2 28 1931
Production from properties of the Howe Sound Company, operating the Potosí Mine, in Chihuahua, Mexico, and the Britannia Mine, in British Columbia, Canada, showed substantial increases in 1930, over 1929, compilation of quarterly reports indicate. In the last quarter of 1930, copper output fell off slightly due to curtailment measures adopted.
Howe Sound copper production in 1930 amounted to 45,266,927 pounds, compared with 43,082,641 pounds in 1929; lead output was 90,430,797 pounds, compared with 75,276,511 pounds; and zinc production, 59,120,464 pounds, compared with 53,455,920 pounds. Silver output of the company totaled 3,606,977 ounces in 1930, against 2,978,016 ounces produced during the previous year; and gold production amounted to 12,770 ounces, compared with 14,252 ounces.
=-=-=-=-=
Production from properties of the Howe Sound Company, operating the Potosí Mine, in Chihuahua, Mexico, and the Britannia Mine, in British Columbia, Canada, showed substantial increases in 1930, over 1929, compilation of quarterly reports indicate. In the last quarter of 1930, copper output fell off slightly due to curtailment measures adopted. Howe Sound copper production in 1930 amounted to 45,266,927 pounds, compared with 43,082,641 pounds in 1929; lead output was 90,430,797 pounds, compared with 75,276,511 pounds; and zinc production, 59,120,464 pounds, compared with 53,455,920 pounds. Silver output of the company totaled 3,606,977 ounces in 1930, against 2,978,016 ounces produced during the previous year; and gold production amounted to 12,770 ounces, compared with 14,252 ounces.
=-=-=-=
Deeds transferring the fee title to the Cumberland, Louisiana, and Montreal patented lode mining claims, together with the mill and equipment, to the Golden Chariot-War Eagle Mines Company, recently incorporated in Idaho, have been filed with the Register in Owyhee County, Idaho. These properties are located in the War Eagle Mountain District, about two miles from Silver City, and adjoin the Golden Chariot and Oro Fino claims, also acquired by the same company.
Ten years ago, title to the Cumberland property passed from the Gault Estate, of Montreal, Canada, to Harvey S. Greene, of Cohoes, New York. Its shaft is 410 feet deep, and is said to have produced approximately $600,000 in gold and silver, most of it high-grade ore, but work was discontinued when the cost of pumping prohibited a profitable operation.
Old records show that the Cumberland Vein was cut from the Golden Chariot Shaft, at a depth of 800 feet, and carried ore worth from $25 to $88 a ton, across a width of four feet. The new organization of which Kirby Thomas, mining engineer of New York City, is President, intends to move the mill and buildings to the Sinker Tunnel site, and work the Cumberland Vein from the Golden Chariot Shaft, through the Sinker Tunnel.
=-=-=-= _________________ STUDY, And be FREE from the BONDS of IGNORANCE!
Northern Ontario Silver Mines Get Reduced Express Rate E&MJ OCTOBER 28, 1922
The Express Traffic Association, partly as a result of the efforts of the Ontario Mining Association, has granted reductions in the rates on gold and silver bullion from northern Ontario. Rates on gold bullion from Porcupine and Kirkland, to Denver, Col., have been reduced to $6.45, and $5.15 per 41,000, respectively, a reduction of 60c. per $1,000. To Ottawa the reduction is 20c. per $1,000, the rates now being $2.10 and $1.80, respectively. Reductions on silver bullion to St. Johns and Halifax for export to England have been much greater, the new rate from Cobalt to either of these ports being $5.60 per $1,000, a reduction of $2.30 per $1,000.
=-=-=-=-=
BRITISH COLUMBIA E&MJ OCTOBER 28, 1922
Consolidated M. & S. Co. Is Shipping Surplus Lead Bullion, to Bunker Hill Smelter, in Idaho
Smithers—J. F. Duthie, of Seattle, states that mining equipment, including a compressor and air drills, will be shipped to facilitate further development on the Aldrich, Henderson, and White Swan groups of silver-lead claims, Hudson Bay Mountain. He says further, that surveyors are now working on the mountain, preparatory to the erection of an aerial tramway from the mine, to the Smithers railway depot. One hundred tons of silver-lead ore is ready for shipment.
--
Stewart—.Wier Brothers & Co. of New York, are reported to have under-taken the financing of work necessary in the development of the Daly-Alaska group. A strike of high-grade ore is reported as having been made on the Alaska-Premier, samples of the ore giving returns of 4.48 oz. of gold, and 26.9 oz. of silver.
--
A prospect shaft is being sunk on the Big Missouri. It now is down about 60 ft. in good ore. The intention is to sink for another 25 or 50 ft.
--
The Silver Bell group of eight claims has been bonded to E. J. Riebe and associates, of Seattle. This property is situated on the east side of the Portland Canal, at an elevation of 3,000 or 3,500 ft. There are three strong and distinct leads, all of which have been developed to some extent. They show gold and silver.
--
Trail—The Consolidated Mining & Smeltings Co.’s plant is operating at capacity. The lead refinery has been unable to treat the product of the furnaces, and ‘75 tons of lead per day is being shipped to the Hunker Hill Smelter at Kellogg, Idaho, for refining. About 8,000 tons has been shipped.
Sandon—The number of men employed in the Slocan district has increased from approxiately 50 last year, to about 400 now on the payrolls of the district.
=-=-=-=
ONTARIO E&MJ OCTOBER 28, 1922
High-grade Ore in Keeley Mine—Porcupine-Davidson Will Spend £100,060
Cobalt—A new high-grade oreshoot, stated to be one of the richest yet found in this vicinity, has been opened on the Woods vein, at the 7th level, of the Keeley property. The vein measures a foot wide in places. September production was 88,000 oz.
--
McKinley’s September production was 52,000 oz. Some high grade is being mined from the recent discovery. The vein is wide but patchy.
--
The O’Brien has concluded a deal for the purchase of the Bailey mill. The sale was made through the court, for the benefit of the Bailey bondholders, and the price is understood to be about $75,000. The O’Brien mill was burned a couple of months ago.
--
During September the Nipissing mined ore of an estimated net value of $194,240, and shipped bullion, and residues, of an estimated net value of $235,000. The low-grade mill treated 6,884 tons, and the high-grade plant 201 tons.
--
Kirkland Lake—The Kirkland mines are obtaining sufficient power for pumping purposes, but not enough for mining. The power company has decided to make a permanent work of replacing the burned sections of the transmission lines, which will take a longer time than was originally estimated for a temporary job. It is probable that power will not be turned on until the first of November.
--
Thirty-four feet of drifting on the new vein of the Tough Oakes, recently found on the 4th level, gives an average assay of $44 across 60 in., according to an official announcement.
--
The recent offering of 250,000 shares of Continental Mines, Ltd., at $5 per share, is said to have been oversubscribed.
--
Porcupine—A discovery of extremely rich ore is reported from the 7th level of the Dome. September production was $428,000, and October production is being maintained at about this level.
--
Hollinger has declared the regular four-weekly dividend of 1 percent, payable Nov. 4. At the 800 level, the company has entered into Schumacher ground, which the Hollinger recently purchased.
At a recent meeting of the Porcupine-Davidson, held in London, the president announced that the sinking of the proposed 1,000-ft. shaft, and the building of a 500-ton mill, would be completed in eighteen months, at an estimated expenditure of £100,000. An agreement has been entered into, whereby the money is loaned for two years, at 5 percent interest, and there is a definite arrangement between the vendor company, and Mitchelson Partners, Ltd., whereby English and Canadian interests in the mines become equal. Well-known engineers have questioned the accuracy of published statements of the ore reserves.
=-=-=
YUKON TERRITORY E&MJ OCTOBER 28, 1922
Lower Grade Ore Is Accumulating at Mayo
Mayo — The Keno Hill property shipped 8,100 tons of high-grade ore, to the Selby smelter, at San Francisco, during the summer. The experiment of transporting ore from the mine to river boats, by tractor trucks, which carry from 25 to 30 tons a load, is proving satisfactory. Important strikes are reported from the Beaver country, about 50 miles from here. Not much was known about them yet, but there were indications that the whole district is richly mineralized, and several outfits had been taken in to continue work all winter. Next summer, both the Keno Hill and Alaska Treadwell Co. will install reduction plants for the treatment of low-grade ore. At present only ore running from $100 a ton, up, can be shipped, and great dumps of the lower grade have been accumulating. Many of the placer companies, which have not been operating since early in the war, are planning to resume work next year.
=-=-= _________________ STUDY, And be FREE from the BONDS of IGNORANCE!
Posted: Sun Jul 26, 2009 3:52 pm Post subject: CANADA MINING NEWS MINING & SCIENTIFIC PRESS 5 14 1921
MINING AND SCIENTIFIC PRESS May 14, 1921
CANADA
BRITISH COLUMBIA
Rossland.—There promises to be greater activity here than for some time. The Consolidated company’s mines are operating, and recently Douglas Lay has arrived from London, to assume the management of the Le Roi No. 2 mine, better known now as the Josie. Lay states that machinery for a concentrating plant had been ordered and would be erected as soon as it arrived. There is considerable ore in the mine that is too low grade for shipment directly to the smelter, and it is to handle this ore that the concentrator is planned.
Mr. Lay, at one time, was in charge of the Van Roi mine, at Silverton.—The Rossland Velvet Mines, Ltd., has taken over the Velvet mine, and will push development and production during the year. Last year this property produced a considerable tonnage of ore running from 5% to 20% copper, and $10 to $20 in gold.
=-=-=-=
Vancouver.—Work on the design of a new mill to replace the one recently burned at the Britannia mine, has been started, and as soon as the plans are completed, work on the mill will be started. It is feared that there will be difficulty in obtaining delivery of some of the machinery, and it is not expected that the mill will be completed before the early part of next year. It is understood that the mill will not differ greatly, either in design or capacity, from the one destroyed. The Britannia company is in a strong finacial position, and will not have to await the insurance settlement before starting work on the new mill.
=-=-=-=
-A syndicate has been formed to develop a gold discovery at the Ellen group, Shuttle Island, one of the Queen Charlotte group. The group was staked in 1918, but recently rich gold-quartz ore has been found—
=-=-=
—A. S. T. Taylor, president of the Taylor Mining Co., is returning from England, where he went with the object of interesting capital for the erection of a concentrating plant and other equipment at the Dolly Varden Mine.
=-=-=-=
Stewart.—T. A. Graham, of the Riblet Tramway Co., and four expert mechanics, have arrived to start the erection of the aerial tramway for the Premier Gold Mining Co. Two carloads of machinery have arrived, and another carload was shipped from Seattle, on May 6. The cables are being provided by John A. Roebling’s Sons Co.; the running-cable will be 5/8 in., and will come in 15,000-ft. lengths; the down-track cable will be 1 in. and the return 7/8 in. Eleven and a half miles of the two last, and 23 miles of the first will be required.
——Albert Peterson and partner have commenced rawhiding ore from the Silverado group. The ore is said to assay $1000 per ton.
=-=-=-=
ONTARIO
Porcupine.—!n addition to a general speeding up of activity in the producing area, much interest is being shown in a widely extended outlying district surrounding the proven gold-bearing territory. Active exploration has been commenced in many directions, and the field is likely to extend over a width of ten miles and a length of about 40 miles.
=-=-=-=
Toronto.—The Ontario government has withdrawn the bill introduced in the Legislature providing for increased mining taxation, owing to the strong opposition met in the mining districts. There is a general feeling of relief among mining men, as great apprehension was entertained that the passage of the measure would discourage investments in mining properties.
=-=-=-=
A CANADIAN PATENT has been granted to M. H. Caron, whose process for the treatment of manganese silver ores will be, recalled, for the extraction of nickel from silicate ores. By this method the material is subjected to a preparatory reducing roast, cooled under non-oxidizing conditions, and treated by suitable solution methods.
=-=-=-=
=-=-=-= _________________ STUDY, And be FREE from the BONDS of IGNORANCE!
The name of the heroine in ‘Barnaby Rudge’ has been given to a silver mine, that is the talk of British Columbia. How it was discovered, is related by Mr. A. J. T. Taylor, in an article appearing in this issue. Mr. Taylor indeed tells the story of the enterprise from the start, and explains how he, not a mining man, became involved in the legal complications that have made the Dolly Varden famous in the Northwest.
We can supplement his account of the affair, with information from other sources. The first president of the Dolly Varden Mines Company, the late J. D. Hubbard, of Chicago, was Vice-president of the Goldfield Consolidated, of Nevada, which company lent $150,000, on a mortgage, on the Dolly Varden properties. The working capital proved insufficient, and apparently Mr. George Wingfield, the President of the Goldfield Consolidated, was unwilling to fund more.
Hence the troubles that ensued. In 1918, the building of the railroad, on which a profitable maintenance of output depended, was stopped, and a quarrel arose with the contractors, the Taylor Engineering Company. Negotiations for the sale of the Dolly Varden, to the Granby Consolidated Mining, Smelting & Power Company, were terminated abruptly. This may be regarded as a misfortune, for the acquisition of the property by the Granby company would have been logical, in regards to the accessibility of its smelter at Anyox, and its undoubted ability to bring the Dolly Varden enterprise to fruition.
Next enters the Temiskaming Mining Company, of Ontario, in the person of Mr. Joseph Errington, a director living in California. Mr. Errington is a mining engineer. In October 1918, Mr. Taylor came to him at the Vancouver Hotel, and invited him to become interested in a deal for the Dolly Varden. Mr. Taylor showed him the reports made by Messrs. Henry Krumb, and Carl O. Lindberg, for the Dolly Varden Company, and by Messrs. J. A. Bancroft and E. J. Conway, for the Granby company. Mr. Taylor urged haste, because he was being threatened by his creditors, who proposed to attach both his engineering works, and his private property. He promised Mr. Hubbard’s concurrence in the proposed deal. The price was to be $1,000,000, of which $150,000 was to be cash, for the payment of the Taylor Engineering Company’s liabilities on account of wages, which were to be settled at a discount. The terms were telegraphed to Mr. John P. Bickell, President of the Temiskaming Company at Cobalt, and to Mr. Hubbard at Chicago.
The latter replied that the Wingfield mortgage on the Dolly Varden would have to be satisfied, before any new deal could be ratified. This obstacle appears to have been overcome, and in December 1918, the Temiskaming directors approved the arrangement, but as soon as the first payment was placed on deposit at Vancouver, the creditors of the Taylor Engineering Company increased their demands. Hubbard could not agree upon the amount that Taylor was to receive, and the negotiations broke down, because no clear title could be given to the Temiskaming Company.
As last arranged, the Temiskaming was to pay $150,000 in cash, $250,000 was to be secured by notes, and $500,000 was to come from 50% of the net profit earned by the mine. We have reason to know that Messrs. Hubbard and Errington did not stipulate for a commission, as stated in the report of the Legislative Committee, but that when negotiations apparently had been satisfactorily concluded, Mr. Hubbard’s directors offered him $25,000 for his trouble and expenses, whereupon the Temiskaming directors followed suit, voting a similar bonus to Mr. Errington. This was embodied in the contract, and was subject to the mine proving profitable.
The failure of the negotiations, and the worries incidental to them, affected the health of Mr. Hubbard. He died last summer [1919]. Then came the enactment by the Legislature of British Columbia, in itself a most extraordinary interference with a private quarrel between citizens, excusable only on the ground that the railroad to the Dolly Varden, was being built by the Taylor Company, under charter from the Provincial Government. The Dolly Varden Company, of course, has brought suit against both Mr. Taylor, and the Government of British Columbia, and the issue will be left to the courts, because on April 11, the Federal Department of Justice, at Ottawa, refused to disallow the Dolly Varden Mines Railway Act, of March 28, 1919.
It remains to say that we have seen the report made by Mr. C. D. Kaeding, in January 1919, for the Temiskaming company. Mr. Kaeding is Manager for the Dome Mines Company at Porcupine, and an engineer of high repute. The Dolly Varden Mine had been diamond-drilled, and sampled by previous appraisers, whose reports were available. Mr. Kaeding found 88,590 tons of 22-oz. ore in the Dolly Varden, and 50,000 tons of 15-oz. ore in the Wolf property, making a total of 1,601,854 ounces of silver in reserve. He estimated the working cost at $6.10 per ton, so that a profit of $900,000 seemed assured. The natural market for this ore is the smelter at Anyox, which needs it to mix with the ore from the Hidden Creek Mine, of the Granby company.
This company, in June 1918, made an agreement to smelt Dolly Varden ore, up to 400 tons daily, at $1.50 per ton, returning 95% of the gross silver contents. The silicious flux needed at Anyox is costing the Granby about $3.50 per ton, and it carries no appreciable precious-metal contents, so that the function of the Dolly Varden, in this respect is quite plain. It is estimated that quartz containing two ounces of silver per ton, could be landed at the wharf for $2 per ton. Another available market is at Tacoma, but it would be more natural to smelt and refine the Dolly Varden output, in British Columbia itself. The silver occurs mostly as argentite, but also as proustite and native metal, with galena, zinc-blende, and rhodochrosite, in a quartzose sheer-zone in andesite. The mine is full of promise, but it needs capital and experienced management. Mr. Taylor is to be complimented upon his courageous effort to develop the enterprise, and we hope that he will succeed in so adjusting the conflicting interests, that a well-organized company, with plenty of money, and skilful management, will be enabled to pull the Dolly Warden out of its troubles, financial and legal, into a position of assured productiveness and prosperity.
=-=-=-=-=
REHAB NOTES:
I removed a lot of narrative from this scan, as it had to do with legal troubles, findings, judgment, and legal dealings not partiocularly interesting, and certainly without names and other particulars.
summary of deletion: The Dolly Varden Mine company commissioned Taylor Engineering to build a railroad to the mine on a cost plus basis. Through a death and other wrangling, owners of the Dolly Varden Mines stiffed the Taylor Company. 5 years of wrangling in court, DV Mines won out, but then defaulted on the agreement, which left Taylor Engineering in possession of the mines, mill, railroad, and easements. Taylor went on to make a lot of money after beating out all the cheating scoundrels.
So here is what's left of the narrative:
The Story of the Dolly Varden Mine
By A. J. T. TAYLOR
The Dolly Varden Mine, and the railway bearing the same name, have been before the public since the fall of 1918, owing, first, to the dispute between the original owners, the Dolly Varden Mines Company of Chicago, and the Taylor Engineering Company of Vancouver, which resulted in special legislation at the last session of the Provincial Parliament of British Columbia, and a transfer of the property from the Dolly Varden company, first to the Taylor Engineering Company, and from it, to the present owner, the Taylor Mining Company Limited, and, second, to the fact that since the first of September 1919, the property has produced nearly five hundred thousand ounces of silver. The purpose of this article is to give a history of the property, and a brief account of the vicissitudes that brought about the change of ownership.
The Dolly Varden is situated in the Portland Canal district of British Columbia, 18 miles from the Granby Consolidated Company’s Hidden Creek Mine and Anyox smelter. Claims themselves are 17 miles up the Kitsault River, at the head of Alice Arm, Observatory Inlet, in the Skeena mining division, at an altitude of 1700 ft.
The Dolly Varden railway parallels the Kitsault Canyon, from the mine to Alice Arm, and is the only means of local transport.
The discovery was made in 1914, on a projecting outcrop some 40 ft. wide, by a prospector, Ole Evindsen, now the proprietor of the Alice Arm Hotel. Ole is not the pioneer prospector in the Alice Arm district. This distinction goes to Tom Stark, whose proud boast is that he “was the first white man in that country’’. The authentic history of the discovery of the property and the naming of the mine has been taken by me direct from Mr. Evindsen, and is interesting enough to recount in full.
“I had heard talk of mineral wealth, so I left Prince Rupert, and came up here with three other chaps in the Spring of 1912. We packed in grub, and set out up the Kitsault River. None of us had been up there before, but we were hoping to find some good claims. One night, just after we started, one of the chaps, Ole Pearson, had a dream. His uncle had died a few months before. Ole told us that his uncle had come to him in a dream the night before, ‘and had showed him a big white boulder and some rocks, and said: ‘You are going to find a big mine, which will make you rich so that you will not need to work for the rest of your life. You will go on until you find this boulder, and these rocks, and then you must stake the claim, and the name you must give it is the Dolly Varden claim.’
‘When Ole Pearson told his dream next morning, his companions received it with amused interest and hope. Days passed as the little company fought their way up, through the dangerous canyon without sight of mineral. Then two of the company went back for supplies, while Ole Evindsen and his companion Pearson struggled on.
‘‘We took different paths, about 75 yards apart. I took the higher ground to prospect’, said Evindsen. ‘‘Then I saw in the bare andesite a streak of gray rock that looked like it carried silver. With my hammer I broke down the capping of the rock, and saw that I had uncovered a vein that looked like very rich silver ore.’’
While Evindsen was examining his new find, Ole Pearson let out a yell, ‘‘I’ve found the mine: I’ve found the mine,” he cried in great excitement.
‘‘I’ve found one too; stay where you are,’’ called back Evindsen, who, as the more experienced prospector, finished his search before lowering himself down to where Pearson was waiting.
‘‘Where’s your mineral?” asked Evindsen, as he handed his own samples over to Pearson and looked around for signs of a vein or lode. “I haven’t found any mineral, but here’s the boulder that my uncle showed me in my dream; and here’s the rocks, and the river, and the trees, and everything exactly as my uncle showed me in my dream,’’ insisted Pearson.
What with Evindsen’s vein, and Ole Pearson’s boulder, the two prospectors concluded that the finger of Fate was really pointing their way. They started to stake their claims, and make arrangements to record it. “Say, what is the name your uncle said we were to call the claim?” asked Evindsen. Hanged if I can remember,” admitted Ole Pearson at last, after vainly trying to cudgel his brain. So far as Evindsen was concerned the name had slipped his memory. All that day, and all the next day, the two lone prospectors sat around trying to think up that elusive name, feeling that they could not afford to take chances on any other. At last, hope came. The two companions hove in sight with the grub. Without disclosing their find Ole Evindsen put the fateful question: ‘‘What was the name of that claim that Ole Pearson’s uncle told him?” A moment’s pause, and then the answer came: ‘‘It was the Dolly Varden.”
Since then, the original Dolly Varden property has been enlarged by later locations, so that there is now the Dolly Varden No. 1, the Dolly Varden No. 2, and so on, up to eight claims.
“How do you account for Ole Pearson getting that name ‘Dolly Varden’ in his dream?” I asked. Ole Evindsen pulled at his pipe, and spoke reflectively. “I have tried to think that out;” he said, “and I think I know where it came from. There was a book in the camp that we all used to take up, and read now and then, and I see that it tells about Dolly Varden, the actress, in it. We all used to take a turn at the book, and I think Ole Pearson must have read the name, and it came back to him in his dream.”
He anticipated the next question by adding: “But the thing that puzzles me is that boulder and those rocks, just as Ole’s uncle showed him in the dream. None of us had ever been up into that country before, and Ole says that everything is just exactly as he saw it in the dream. And she’s turned out to be a mine, just as the dream said,” he added.
In 1914, H. B. McGinnis, of San Francisco, took a bond on the Dolly Varden group, from Evindsen, and a similar bond on the Wolf group, two miles farther up the canyon, from the original locator, Donald W. Cameron. Early in 1916, Mr. McGinnis re-bonded both properties to the Dolly Varden Mines Company of Chicago, organized under the laws of the State of Delaware by the late J. D. Hubbard.
Mr. McGinnis explored the property by extensive tunneling, and diamond-drilling, and thereupon exercised the option on both the Dolly Varden, and the Wolf, claims. At the outset, the Dolly Varden company proposed to build a concentrator at the mine, and to ship the concentrate over a trail, that it proceeded to construct from the mine, to Alice Arm. In the fall of 1916, the company found that the trail would not be adequate for its purposes, and in 1917, it applied to the Legislature for a charter to build a narrow-gauge railroad connecting the mine, with tidewater. This was granted under the Dolly Varden Railway Act 1917, the terms of which required the company to ‘complete a narrow-gauge railway, from Alice Arm, to the Wolf mine, by December 1918, in default of which the charter became null and void.
After the passage of the Act by the legislature of British Columbia, the company employed the Taylor Engineering Company to build the railway on the basis of cost, plus a percentage, and in its desire for a speedy completion of the road, the company desired the work to proceed without full surveys and profiles. Although the first few miles were easy, the construction at the upper end, through the canyon of the Kitsault River, proved exceedingly difficult and expensive. Portions that the mining company’s preliminary survey had shown to be grassy slopes, proved to be moss-covered rock, while the last several miles of the road involved heavy rock-cutting, and necessitated many bridges and trestles.
The close of 1917 found the railway uncompleted, owing to the difficulties of construction, labor troubles, and steamship strikes, the net result of which, was that the road cost more than was anticipated, and the Dolly Varden company was unable to realize on the ore that it had ready for shipment. In the Spring of 1918, the Dolly Varden company entered into negotiations for the sale of the property, to the Granby Consolidated Mining, Smelting & Power Co. The Taylor Engineering Company carried on the construction of the road for some time on its own capital.
The DOLLY VARDEN PROPERTY consists of eight claims, covering 212 acres, and extending from the river, to the summit of the ridge, between the Kitsault River, and Evindsen Creek. The camp and principal mine workings are about 1700 ft. above sea-level.
The orebodies occur as replacement deposits along fracture-zones in andesite. The wall-rock has been replaced by quartz, accompanied by considerable pyrite and smaller amounts of galena, sphalerite, native silver, ruby silver, argentite, and rhodochrosite. The maximum width of the lode is 80 ft., but it has not been followed continuously along the strike for more than 60 ft., as it has been faulted both before and after the deposition of the ore, the displacement apparently taking place in a north-westerly direction. The lode has a general east and west strike, and dips north at from 450 to 700. It was first exposed by a series of cross-cuts and later by four tunnels and diamond-drilling. The development in June 1919, when the Taylor Engineering Co. came into possession, consisted of 2086 ft. of drifts and cross-cuts, 280 ft. of open-cuts, and 8990 ft. of drill-holes. A large amount of work has been done since then.
The ore-reserves estimated in June 1919 consisted of 40,500 tons of ore averaging 36.4 oz. silver.
The Wolf claims are about two miles farther up, and on the opposite side of the Kitsault River. They comprise four claims, covering 179 acres. The outcrops range in elevation from 420 ft. to 1780 ft. above sea-level. The geology of the Wolf ground is similar to that of the Dolly Varden, except that the veins appear to be more regular, as no displacement of any consequence occurs. The development in June 1919, consisted of 85 ft. of drifts and cross-cuts, 772 ft. of open-cuts, and 4919 ft. of diamond-drilling.
Three veins have been exposed; they have a strike a few degrees east of north, and dip 500 to 750 north-west. The width varies from 10 to 30 ft. In general, the walls are well defined, and the estimated probable and possible ore in the Wolf has been placed at 120,000 tons of 15.4 oz. Silver, and 430,000 tons of 3.1 oz., or an average of 550,000 tons of 5.7-oz. ore.
The company owns water-power rights on Trout creek, immediately adjoining the Wolf claims, from which it is estimated that an ultimate development of 2500 hp. is possible.
The Taylor Engineering Co. came into possession of the railway and mining properties on June 10, 1919, and during the season just closed, they completed the railway to the mine, built a 2000-ft. aerial tramway from No. 4 tunnel, to the railway grade, installed a. steam-driven compressor of 550 cu. ft., equipped the mine, and commenced shipping on September 1. Between that date and the close of the railway on December 15, there was delivered to the smelters, or in transit, ore containing a total of 458,994 ozs. of silver. The rim-of-mine ore averaged 56.4 oz. per ton. During the season, a deposit of native silver was uncovered, that up to date has yielded something over 100,000 oz, the smelter returns from this ore, ranging from 1200 to 2500 ounces.
At the present time, the railway is closed down by snow, and a force of 50 men is at work at the mine, driving a low-level tunnel 230 ft. below the workings. A small amount of high-grade ore is being sacked and shipped by dog-sleighs, and a certain amount of the run-of-mine ore is being delivered over the tramway, to the railway terminal, to form a reserve for shipment in the spring.
DOLLY VARDEN PROPERTY IS MARKED BY SHADING _________________ STUDY, And be FREE from the BONDS of IGNORANCE!
Posted: Sat Aug 01, 2009 8:53 am Post subject: CANADA MINING NEWS MINING & SCIENTIFIC PRESS 5 1 1920
May 1, 1920 MINING AND SCIENTIFIC PRESS
CANADA
The production of asbestos in Quebec, during 1919, totalled 185,861 tons, valued at $10,982,189. This is apart from the value of the asbestic, a by-product of the asbestos mills, which gave 23,827 tons, valued at $68,011. As compared with 1918, it is an increase in value of $1,912,290, or 21.2%, and a decrease of 6514 tons, or 4.6% in quantity. The quantity of rock mined and hoisted was 3,061,690 tons. Taking into consideration stocks on hand, 154,878 tons of asbestos was extracted from this ore, which corresponds to an average of 100.8 lb., valued at $3.88 per ton of rock mined.
In 1918, the average was 117.3 lb., valued at $4.08, and 108.7 lb., valued at $3.08 in 1917.
=-=-=-=-=
May 1, 1920 MINING AND SCIENTIFIC PRESS
BRITISH COLUMBIA
‘DAYLIGHT SAVING’ AT TRAIL.
ALICE ARM —A tunnel has been driven on the Muskateer claims, by A. McGuire, for J. D. Meenach, of Seattle. It is reported that this work disclosed some high-grade ore.
Satisfactory results are said to have been obtained by the diamond-drilling that has been in progress on the Tiger group for some time.
=-=-=-=
PRINCE RUPERT —Attention has been drawn by the Prince Rupert Board of Trade, to the limonite deposit of the Copper River district, situated near Copper City. Reference is made to the coalfields of that locality, it being claimed that these contain the finest coking coal of the Province The businessmen of Prince Rupert, fear that the Provincial government and individuals or corporations, in their investigation of the iron and steel possibilities of British Columbia, will overlook these resources, together with the availability of water power, and necessary fluxes.
=-=-=
PRINCETON —The Horn Silver Mining Co., situated in the Similkameen district, is operating again, after a period of idleness, weekly shipments of from 45 to 50 tons being sent to the Tacoma smelter. The lessees are working on a vein varying in width from 18 in. to 6 ft., the ore of which contains gold and silver. An aerial tramway carries the ore from the mine, to the bunkers, whence it is transported by wagon, to the railway.
=-=-=
ROSSLAND.—The surface equipment of the White Bear Mine was destroyed by fire recently. Flames first were seen bursting from the compressor-house. This was soon destroyed, afterwhich the mine-shaft and some unoccupied houses were reduced to ruins. The transformer house was saved by packing snow about it.
=-=-=-
SLOGAN CITY —A stringer of ore has been opened on the fifth level of the Ottawa Mine, near Slocan, which assays from 800 to 3000 oz. silver per ton, is reported. The vein was observed during the cleaning out of a drift, and it was thought that it contained only about one sack of ore. Development appears to have disproved this, and 10 cars already have been taken out, and the vein is now exposed for 20 ft., with a width up to 18 inches.
=-=-=-=
TRAIL —The town of Trail, smelter centre of the Consolidated Mining & Smelting Co., proposes introducing ‘daylight saving’ this summer without regard to what action may be decided upon elsewhere. The company ‘s clocks were set ahead an hour at midnight, on April 15. Employees in and around the smelter, expressed a preference for this arrangement, and the management acquiesced. Ore receipts at the smelter for the week, April 1 to 7, were 4588 tons, making the total for the year, to date, 77,834 tons. The independent shippers were the Donohue, Nicola, 35 tons; the Emerald, Salmo, 41 ; the Josie, Rossland, 172; the North Star, Kimberley, 86; the Ptarmigan, Athlamer, 25; and the Spokane Trinket, Ainsworth, 46. The Sullivan Mine, Kimberland, contributed 3978 tons of zinc, and 205 tons of lead ore.
=-=-=-=
VANCOUVER — The ‘Assayers’ Examination Board’ has completed a special examination of seven candidates, who recently completed a five-month course of study at the British Columbia University, under the auspices of the Soldiers Civil Re-establishment Board. Four were successful, and will receive certificates entitling them to practice their profession in British Columbia. They are E. D. Beilby, V. R. Thirkel, T. J. Laing, and F. W. Broughton.
=-=-=-=
ONTARIO
LABOR CONDITIONS TO IMPROVE IN PORCUPINE.
P0RCUPINE —Since the recent increase in the rate of wages, labor conditions have been more satisfactory and harmonious. There is less restlessness among the miners, and a greater disposition to remain steadily at work, in place of moving from camp to camp.
==-=-=
With the coming of Springtime, logging season has closed, and many engaged in lumber camps during the winter, are looking for employment at the mines, which will probably tend to increase production.
=-=-=
Diamond-drilling of the Dome Extension has been started by the Dome Mines to determine the extensions of known veins, and ascertain whether the ore body developed on Dome Extension, on the 600-ft. level, continues at depth.
=-=-=-=
COBALT —At the annual meeting of the Beaver Consolidated, on April 15, a dividend of 3% was announced, being the first in two years. Frank L. Culver, president, stated that the company had taken over the Prince property, adjoining, and that underground development had been begun from the 1400-ft. level of the Beaver. The ore-reserves were estimated at 25,000 tons. The Kerr Lake, during March, produced 99,400 oz. of silver, valued at approximately $118,286. The company will at once begin treatment of the ore on the dump, amounting to about 80,000 tons, which has been accumulating for some years.
=-=-=
The Northern Customs Concentrator Co. is now un-watering the No. 2 shaft of the Chambers-Ferland, situated on the section of that property purchased a few months ago. No. 16 vein of the Chambers-Ferland, is producing a good quantity of milling ore, and some high-grade material.
=-=-=
Arrangements are being made to extend the scope of operations on the Genessee. A winze will be put down from the 500-ft. level, as it is estimated that the conglomerate formation extends at least 110 ft. downward. The vein on which the winze is to be sunk, has a width in some places of from 12 to 15 in. and silver occurs in patches upon the wall, and in small stringers, which are offshoots of the main vein.
=-=-=
The McKinley-Darragh is preparing to resume the pumping of old sand from the bed of Cobalt Lake. A considerable quantity of tailing remains to be treated, which is expected to keep the mill in operation all this season, and part of next year.
=-=-=-
Up to the latter part of April, the silver-producing companies of Northern Ontario continue to withhold their bullion from the market, apparently with the belief that the recession in quotations for commercial bar-silver is but temporary.
=-=-=
Milling equipment for the Keeley mine in South Lorrain, was transported to the mine before the winter roads broke up, and the management is now free to proceed with the erection without delay.
=-=-=-=
GOWGANDA—The speedy construction of a light narrow-gauge railway from Elk Lake, appears assured, as a charter for that purpose has been granted to the Northern Light Railways Co. This will relieve the difficulty under which this district has labored, owing to lack of transportation facilities. Leading operators have for some time, been endeavoring to induce the Provincial Government to construct a standard-gauge railway, but having failed in this, will support the other project.
=-=-=-=
LARDER LAKE —At the annual meeting of the Associated Goldfields, on April 16, G. A. MacKay, president, reported liquid assets in hand, amounting to $1,048,662, and total liabilities of $11,164. During the year, $169,258 had been spent on development. Diamond drilling had shown high-grade ore bodies at least 500 ft. below the surface, of an average value of $11.15 per ton. The company is building its first milling unit of 1000 tons daily capacity. A pool exists among the shareholders, who were all bound not to dispose of their stock before July 1. The meeting decided to extend the pooling arrangement to 30 days after the mill is in operation, and not later than January 1, 1921. H. C. Cooke, formerly with the Canadian Geological Survey, has been engaged as the company’s geologist. _________________ STUDY, And be FREE from the BONDS of IGNORANCE!
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum