The Cordova daily times., 1917-01-04
PRINCE WILLIAM ,. SOUND MINES
 BONDED

Under an agreement entered into
 between the Alaska Bonding & Devel-
 opment Company, Juneau concern,
 and the owners of the Mayfield gold
 quartb property, located on Prince l William sound, the negotiations hay
 ing been completed, the corporation
 takes over that valuable property, and
 will take steps for it's development in
 the near future.
 The property thus taken over is
 generally conceded to be an extreme | ly valuable one It consists of group
 of five claims, covering three parallel
 veins of gold quartz. the main vein
 running from six to fifteen feet in
 width and the two smaller veins aver aging one foot and two feet in width respectively. Considerable develop ment work has already been done on the property, consisting of 670 feet of tunnel.
 Tunnel No. i, on the main lead, has been run in distance of more than 100 feet, cutting the two smaller leads, which with the depth attained, about 50 feet, shows these veins to have in creased in width to about double the surface showing. The main lead also shows a large increase in size, show ing eight feet of ore in the face of the tunnel. In drifting on the main vein an offshoot was encountered. which showed a face of about six feet. a drift was run on this offshoot a distance of about 4S feet and in that distance 1t held up to this width.
 In tunnel No. 2, which has been run in distance of more than 400 feet. and which attained a depth on the vein of about 220 feet, the ore body maintained It's width and values the same as in the upper tunnel. and the same offshoot was encountered as in the upper workings. 4 fair average sample taken in this tunnel across the face of the vein gave assay returns of about s25 per ton. Surface assays gave slightly higher results. It is es- timated that an average value of S2O per ton is an extremely conservative estimate of the value of the ore al read blocked out, and it is believed by competent mining men that an en- ormous tonnage of ore of this value can be developed on the property at a moderate cost A prominent mining engineer who visited the property within a short time, estimated that no less than 5000 tons of ore had all ready been blocked out, having an ay- craze value of not less than s20 per ton, or s1s0,OOO worth Of ore fin sight at this time.
 This property Is situated on the di- vide between Shoup bay and CoIum- bia bay, at an elevation of about 2,200 feet. Near it are both timber and water in abundance for all mining and milling purposes. and ample water supply for power being available with in short distance of the tunnel. In fact, the property is we'll situated for economical working and under eff. cient management bids fair to become big producer.
 This is the second property now held by the company, the first group of claims covering an extensive de posit of gold quartz in the Port Wells section, is owned outright by the com pany The present acsquisition is sur rounded by such properties as the Gold King, which has the richest sur face showings ever discovered in this locality, and the Eagle group, another rich property. In fact, the Shoup bay district is conceded to be one of the richest in the vicinity of Valdez and the Mayfield is believed to be one of the most valuable properties in that section.