The weekly Alaska citizen., 1919-09-08
MORE STRIKES
 ARE REPORTED
 FROM VALDEZ

\ NVM HAOAA Mineral discoveries are the order of the day at Valdez. and recent is sues of the Valdez Miner contain en- cOuraging accounts of the mining sit uatiOn there. The platinum strike continues to hold public attention. and now promising gold strike is reported Says the Miner:
 While prospecting for platinum at Five-mile this week, Messrs. White ford, Cameron and Cook discovered a vein of silver ore extending for two miles and from five to twelve feet in width, according to locators. One ounce of pulverized rock yielded button containing fifteen grains of silver with slight trace of gold
 "It is estimated that the rock will run about thirty-three ounces to the ton, and as there appears to be un- limited quantities of ore preparations
  cOvery by the lucky trio.
 Samples have been sent to La touche and Treadwell for further as say.
 "A number of prOspectOrs are securing the hills since the discovery of platinum near town and several gold pockets have been found which, it is believed. will pay to work. And Gold Also | "SOme of the richest goldbearing ore specimens ever prot to Valdez came in this week from the Midas mine, at the mouth of Mineral creek owned by Wm. Egan and T. J. Deven- has been in progress for some time, and this week, at depth of thirty feet q vein of gold quartz about twelve inches wide was discovered The vein is growing wider with depth.
 1 Several hundred pounds of ore l were UIol HI, lic odhipieo oSihS thiSh ly studded with gold Work on the property will be pushed rapidly and 1t Is believed that the mine will become one of the local producers be fore this time next year" l To Benefit Home People
 The Valdez people refuse to be come excited, however. over the glow ing prospects, and the Miner pub fishes the following very moderately worded editorial concerning the strikes. The wisdom of the propOsi tion to have the mines financed by home people. thus securing the bene- fits for the home town, will be ap parent to all:
 | Since our last issue developments at the platinum discovery show th. the new strike is one of no inconsid erable importance. The fourth hole put down by the drill gave a teacup full of platinum concentrates. some of the flakes being of a good size and great weight. The gold values are increasing also. and it looks as if a discovery of no small magnitude has been made. If the samples being gathered by the drillers assay as well as those sent out earlier in the sea son, a large hydraulic outfit will be installed by Mr. Willard and asso- ciates, Valdez capital backing the pro ject. Fifty thousand dollars can be raised here in a week by our citi zens if the values warrant the ex penditure.
 But little publicity has been given the strike on account of our citizens wishing to prevent an influx of pros- pectors to this section, believing that it is better for the citizens to finance the proposition than to have horde of outsiders on our hands for the winter, many of whom would be with out means.
 l If develOpments next week are as satisfactory as those of the past week the drill crew will be pulled off and arrangements made to install ma chinery to handle the ground. It i:' a hydraulic proposition, and sample water is at hand to work 1t. The platinum bearing ground extends over a large area, and prospectors are finding traces of the mineral as far along the benches as holes have been sunk.
 Outsiders are warned that indica- tions up to the present time do not warrant a stampede to this section, as no assays have been made other than those sent tq Seattle when the discovery was made. Several sacks of concentrates have been sent out and returns will be received in the near future.-Valdez Miner. |
 | MT. and Mrs Dan Eagan, who have been visiting in town for the last two days, will leave for their home at