The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-10-31


Two May Tap the New Gold Field
Before the End of the Season.
Good Values Found in Many
Rainy Lake District Mines-D. NJ
BIackwOOd Talks interestingly.
The Seine river gold district has deyel-
oped in a remarkable way during the
year that is closing, and promises 'phe-
nomenal results for 1900. D. M Black
wood, who has just come in from the re-
gion. said last evening:
81 regard Western Ontario as the COM
ing field of interest in a mining way.
Besides the great amount Of development
work which has gone on there the past
year and the results obtained Western
Ontario, or the Rainy lake gold fields.
will be opened up the coming year by at
least one new railroad the Ontario &
Rainy River road, which is building west
from Port Arthur and east from Winni-
peg and will meet in what Is known as
the Seine river gold district in the closing
months of 1900. Camps are being BURT,
preparations made at every point along
the line for bridges and rock cut work
the coming winter. Warehouses have
been built already and supplies for the
winter are being stored IN them. Besides
this road there is talk that James ]. Hill
will extend his lines to the rich gold
fields the coming summer, and also the
Duluth 6 Iron Range.
Already thousands of people are rush
Ing in there, and the country is taking
on all the airs of full-fedged boom.
Leaving the boom features out Of the
situation up north these new gold fields
are bearing fruit The past development
of that country has been characterized
by more than the ordinary amount of
fake schemes, tenderfoot mining, and lack
of capital These have made way the
past year to greater care in the selection
of prospects, employment of experienced
mining men to expend moneys invested
and a greater amount of capital and re-
suits arc speaking something better for
that country.
THE Sultana, Mikado and Olive were
legitimate mining ventures, and are dtvt-
dend payers. Neither of these properties
could boast of any very great amount of
experience when they We're first opened,
yet they have, in spite of some bad
features in the management, proven big
successes.
THE property which has attracted the
greatest attention in all parts of the
country has been the Golden Star which
was unIoaded upon the; public last winter
with more than seeming haste and with
all the features of fake scheme. The
mine was robbed and development work
stopped at depth of 365 feet, where
the vein narrowed and the values became
less as usual in such seases. The large
values are all in big lenses, which vary
In size, These features prevail pretty
generally in that section in the same
formation as the Golden Star. It was evil
dent the old management thought their
vein was 'pinching out and dared go no
further for fear it would pinch out alto
gether. The same condition prevailed in
the extension Of the drifts at the lower
Levels. Preferring to take 4 profit by
selling their stock. they did so. This
mine yielded $G5, 100 i'll profits with a ten
stamp mir within period of six months
and paid dividends of l per cent per share
on the par value of its stock, the capitali-
cation being $1,20O,00o The cost of the
mine and development, however, was only
$4,000
THE new management of the Golden
Star took hold in August last, stopped
dividends, increased machinery, contin-
ued development work. and kept the ten
stamp mill operating on on:5 The low
grade ore, In order to build up a reserve
of richer ore. The result was a black
eye to speculation, but it's wisdom in MAX
Ing a mine was best shown by what has
been accomplished. The mine has now
two working shafts, additional machin-
cry an additional ten stamps ordered,
making CAPACITY Of twenty in all. and
sinking in the shaft and extending the
drifts have opened up new bodies of ore
and much richer values than were en-
cCuntered in the upper levels Of the mine,
and with all the additional outlay and
operating the Golden Star had upwards
of $500 in reserve Oct. l, the profits of
the two first months Of management.
When the ore reserves are built strong
enough and the additional ten stamps are
erected the Golden Star will pay double
its former dividends, which would be
greater than the great War Eagle in Brit
ish Columbia, and the stock In that mine
has sold up to nearly 81 per share.
Adjoining the Golden Star is the Ran
dolph, work upon which started May last
This mine has shown up the same
features as the Golden Star at the same