The Chitina leader., 1913-06-10

| many properties discovered far from tidewater, is here completely elim- mated. as all the discoveries so far made are practically at the waters edge and can be worked as economi- cally as mines anywhere.
 The district is also rich in a splen- lid growth of spruce and hemlock, which is readily available for all purposes required by the miner and there is water power in abundance hat can be easily harnessed and af- ford the cheapest power in the de. velopment and mining of the ores.
 The original discoverers of this section were Bede Little, Otto Elf strom, A. Frodenburg, Charles An. derson and J. w. Little, wko locat- ed the Golden Eagle and other claims in the month of July, 1911, finding a ledge of quartz that gave such fa- vorable returns as to excite atten- tion to that part of Prince William sound, which had heretofore not been prospected for gold quartz. The find was made in the valley pack Of where the town of Golden is now lo- oated. Last year, while the assess ment work was being done the prop erty showed up so we'll that several oilers were made for a bond, result ing in Ben Silverman, of Valdez, getting control of the property. They immediately commenced active de- velopment work and during the past winter have driven a tunnel on the ledge a distance of 150 feet. The ledge is two feet wide and it is claimed that the ore will average s15o per ton.
 Edward Griset, one of the pio- neers of the Port Wells district, has extensive holdings in the camp, be- ing the owner of the Lily" group 1 (two claims), upon which the town of Golden is located.
 The ledge is from three to five feet wide, extending back from tide water and can be traced about l. 500 i feet
 The development work done on the property consists of an open cut upon one ledge and a shaft is now being sunk on the ore shoot on the second ledge. The ore taken shows good values in free gold.
 Other property in which MT. Gris- ct is interested consists of the Ma jestic" group of four claims, with a l ledge showing five wide on the sur face and carrying good values, and the ''Eureka" group of nine claims, located on Point Pockenham on the east side of Wells bay. This is a rose quartz 12 feet wide. Several assays have been made from the sur face croppings showing an average of -8.60 in gold and $7.1O in sil- yer. By reason of there being such large body of this ore it is consid- cred to be one of the best prospects of the new camp.
 MT. Griset succeeded in interest ing California capital in his property last winter and is now on the ground experimenting the sinking of 50 foot shaft on the ore of the "Majes- tic" group to ascertain the dip of the ledge. AS soon as this is de- termined a working tunnel 400 feet below, will be driven. The general formation is graywacke and slate.
 The Seward peninsula country is INV IdCe lO ldCc WILL tHc Aiool oCi ious coal shortage in the history of the camp, and there is the probability that no coal will be received there until the arrival of shipment which local merchants are talking of i'm porting from Australia.
 | Coal at Nome has been advanced to $21 per ton and further advance is expected.
 It is reported that the Brittanis Shelter Co. has taken over the Mt Andrew copper property near Ketch ikan. The property has been bond ed and resumption of copper ac tivities in the Ketchikan district i! looked for.
 Kenneth c. Kerr, formerly in dustrial agent for the Copper Rivel & Northwestern Railway and tht Alaska Steamship company, recent ly purchased an interest in the Sc attle Railway and Marine News, O which J. P. Parkinson is publisher Kerr will become editor of the pub lication.
 During his three years residenc, in Seattle Kerr has been largely in strumental in obtaining the publica