The Alaska daily empire., 1920-01-08
That is Amount of Invest ment of H. R. Shepard Who is Interested in
 Claims Bonded
RUST SECURES CLAIMS
MT. Rust Representing the Chichagoff Mining Con- pany Takes Bond on
 Apex Lodge Group

l NOt III many places OutSlue ol Alaska can a man secure fortune
 with a ten dollar bill, which l figures in the experience of H.
 R. Shepard in the bonding of the Apex group of claims on Lizianski i Inlet by w. A. Rust
 Mr Shepard went on a vacation trip to Stag Bay and other points nearby with a ten dollar bill in his pocket last summer. While out he was with the locators of this famous group of mines. Travelling on gas boats and staying at various can neries as guest of the owners he returned home with the original ten dollar bill in his pocket and an eighth interest of the mine in his possession. A day or so ago MT Shepard re ! ceived wire from his partner, J. Il Cam, at Seattle, that the Apex group of mines had been bonded to w. Rust as representative of the Chi. chagof Mining Company for a sum said to be in the neighborhood Of $2OO,0 900. The bond calls for a cer- tain amount of work done on the properties within a certain length of time and a cash payment. The rest of the cash is to be paid when the values are proven. The original locators have an option on an eighth interest in the group so that they will share in the profits besides re ceiving cash.
 The discovery of the Apex group claims, which extend from Stag Bay on Lizianski Straits right across the peninsula created "a sensation when they were discovered on September 22 last year The original discoverer was Mrs. J. H. Cam who owns 52 pr cent interest in the claims Clyde Kinball ownes a quarter share and Ed Dawes and H. R. Shepard an eighth interest each. Perhaps the richest surface showing of any mine ever discovered inoAlaska were found Tt this place thesore running up tt s239.95 per ton in values and the ledge can be traced for several miles
 Several mining companies were after the property and a few day ago the deal was closed with the Chichagof company. whose famous mine lies about : 30 miles from the Apex group. It is understood that machinery has been ordered by the Chichagof company with which te start development work. The de velopment work at the Apex Will DC q simple matter as nature has s' made the conditions there that tun nel driven into the hill will prove the values. Ample water power anc safe harbor for boats make tho place an ideal ono for a mining camI and as there is no doubt about the values carried by the rock no doup' has been expressed but that the bono will be taken up
 H. R. Shepard, when asked abou' fhe bonding of the property said: "Fo' thickness of action nothing was ever quicker than the bonding of the Ape, group. Discovered on September 22 last year and assay returns not re ceiyed until some time later 1t was not long until several companle were bidding for the mines and now the bond has been closed. sse l
 My associates and myself have done nothing with the group 'excep' locate and thoroughly sample them The values ran so high and there was such a body of ore in sight tna' the claims sold themselves. l am sc confident that the mine will be the richest one in Alaska that l will in vest along with the company to the fullest extent of my resources,
 My Mttle vacation trip Of ias' summer consider the most prom able one of my life time as the saif of the Apex group for sum in the neighborhood of $200.000 will make us independent
 It is understood that the Chichago'
 Mining Company will use their new
 boat Ambassador in connection WILT the development of the claims or tn'
 Apex group as well as tender lol i their Chichagof property as both tns
 mines, are on Chichagof island 'ah' I about 30 miles apart.