The Alaska daily empire., 1913-10-16
ImmenSity of Juneau'S
 Deposits Attract Capital

The immenslty of the low grade gold ore deposits of the Alaska -Gastineau Mining company at Juneau makes the operations of this Company compar able with the great copper mining in dustry of the United States and ac- cording to Charles M Hayden. presi- dent of the Alaska Gold Mines com pany, which is the holding company of the Alaska-Gastineau this is what made it appeal to the present own CTS. They made their fortunes in the copper industry where economical handling of great tonnage is such an important factor. The good fortune of Juneau lies in the fact that Mir. B. l.. Thane was successful in direct ing the attention of these great opera tors to this field.
 Mir. Hayden. Col. Jackling and oth- CTS of their party are now in Juneau and have just completed a tour of in- spectiOn ovxer the three divisions of the development project now under way. They are highly pleased with the work that has been accomplished and with the advanced stage of pro- gress that exists.
 Speaking of the Hayden, Stone X Co. interests here, Mir Hayden said This comes nearer being like the cop per holdings than any other gold mines We have ever had offered us as an in vestment because of it's enormous ore body which can be concentrated many tons into one.
 When it was offered to us, We asked Col Jackling to examine it. He came out here in July, 1912, and on his ia vOrable report, we gave him $4.5O0, 900 for the purpose of preparing and equipping in proper way for opera tiOn on a scale that would be profit able, and it is our opinion that the only reason these properties comprising the mine have not been great dividend payers in the past is because they
 
 fund at the outset to be able to mine and mill their ore on a very large scale with the greatest economy And, !. now that they are amply financed we believe that they will greatly add, at least from the mining standpoint, to the prosperity and permanence of Ju- neau. We have no other interest or association in Alaska"
 Development Up to the Minute.
 Speaking of the progress that is be- . ing made since his last visit here Col , Jackling said: We are right up to the minute on the schedule of our de velOpment. l said about a year ago that We planned to have our develop ment advanced so far that the first unit of our mill would be operating by the end of 1914. We still expect to do this.
 "The work at the mine is getting along first rate and on schedule time. Everything about the mine was pre- yiOusly planned just as an architect would plan a house and just like creat- ! ing a building from those plans the mine is being developed from the plans made
 The Sheep creek tunnel is several ! weeks ahead of schedule up to date I think this is the most remarkable :. piece of similar development in the history of mining. Mir Thane and those under him cannot be praised too highly for their work-they are en- titled to the credit. The face of Sheep . creek tunnel is now extended farther west than the easterly face of the Al ] exander tunnel and if a vertical shaft !. were sunk from the face of the lat ! ter to the level of the former the Per severance mine would be connected with the Sheep creek basin. But the main shaft is practically completed to the level of the Sheep creek tunnel and the latter will be completed by April 1. So far as We have infOrma- tiOn the work being done on the Sheep creek tunnel breaks all record for work of this kind. The surface equipment at Perseverance is almost completed to take care of a full work ing force. Machinery for the new com pressor plant is now on the way here
 Mill Construction to Begin.
 Steel for the big shops is con- stantly arriving at the mill site. The mill site is all cleared and active work will now proceed on the foundations for the first unit of the reduction works. We will have the steel for it's construction on the ground as soon as the spring weather will permit All of the principal buildings of the mill and shops are to be of steel. We also will have the little traffic railroad com pleted in the basin between the mill and mine. Accommodations for the crews employed at Sheep creek are