The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-07-10
ALASKA COLD MINES
HAS LARGE TONNAGE
New Ores Developed Show
Average Values Exceeding
So a Ton.

While D. C. Jackling has frequentl.
given favorable opinions as TO the re
suits that would be obtained in mlnin:
way at the Alaska Gold Mines proper
ties. It appears that better values are be
ing uncovered at new depths than SOM
OF the company anticipated. or thes
conditions Hayden & Stone says:
With such an enormous tonnage Of
ore as this mine has in sight, nat
urally the efforts OF the management
are directed principally to getting the
tonnage called for by the first install
lation of the MILL and II is satisfac-
tory to note that this work, which
comprises an amount Of detail which
can be appreciated only by close fol-
lowers OF the proposition, is we'll UP
TO schedule,
Though the chief object is to pre-
pare the mine for production, the
work has disclosed some very signif-
cant developments. 1t will be re-
called that the Alexander level is be-
ing continued east at an average
depth OF about 1900 feet, Crosscuts
body, which are being driven every
200 feet, continue to indicate that
the company viii developed from
point about 1000 east OF the cross
cut, and for IL distance OF at least
several hundred feet a body of ore.
avera glng decidedly In grade above
the estimated average or the mine.
Even a small body OF ore Of such
grade as indicated in these Crosscuts,
that is running over SO ton. as
against the estimated average OF Sl.50
for the whole mine, would do much
to "sweeten' the average Of the
running into the millions of tons is
developed. and 1t seems not at all
unlikely It will be. it will change
radically the prospects OF the whole
proposition.
General construction work in all
the departments continues at very
satisfa ctory rate. The cement for the
dam has probably begun to arrive by
this time! the cement workhouse
above the dam is practically built;
plans for the upper powerhouse are
practically finished,
On the Sheep Creek division work
continues on the relocation OF the
railroad; bunk and mess houses are
which, it will be recalled pierces the
deposit about 700 feet below the Alex
ander level and will be the main ex-
traction way. keeps up its rapid driv-
ing of over 500 feet month
All efforts here are bent on push
ing ii ahead. Developments on the
ore body from this level will come
later
In connection with the Alaska, 1t Is
"a ther interesting TO note the results OBJ
lained at the neighboring properties in
1912. Alaska Treadwell, Alaska United
md Alaska Mexican. OF these. the Alaska
Treadwell IS much the largest.
- This company. with total receipts OF
cent. namely sl,169,721, Judging from
press reports, its whole cost OF operation
vas s1.22 per ton.
II this company. hoisting all its ore
rom an average depth OF around 1900
'eet. with comparatively high expenses
'or labor and power, and with its largest
mill unit, 800 tons per day. car. obtain
his very creditable cost OF s1.22, 1t is
merely further confirmation of the ability
If the Alaska Gold Mines, working en-
irely gravity proposition. and with its
irst mill unit Of 5000 tons, TO treat It's
IRE for rs cents a ton. However, from
standpoint Of the latter company. these
lsures are merely of academic interest,
Is the Alaska Gold Mines has actually
by the operation OF It's own
property. its ability to obtain such a cost
Is is cents.
1t is perhaps worth noting that even
With only the first installation OF 5000
ons in commission, the Alaska Gold
Mines earnings will be about equal to
he combined net receipts Of the other
hree compa nieS