The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1920-04-08
WALLACE PEOPLE BACK
OF ALASKA GOLD MINE
DON S. RAE, MANAGER, TELLS OF
BONANZA PROPERTY IN
THE NORTH.

Don S. Rae, president and manager
of the wallace Mining company,
is in the city The company owns Il
claims in the Willow creek district, in
Alaska which were located by Mr.
Rae in 1914. The Willow creek dis
trict is one of the richest and most
productive quartz gold sections in
Alaska. As an evidence of this Mr.
Rae mentioned several companies OPP
Grating on ground adjacent to the
/ Rae Wallace which have been in sue
cessful operation for several years.
Among these are the Free Gold which
has taken out $56O.OOO in five years
the Bullion. with record Of $780,
600; the independence, with a high
record of profits. and the Mabel. con-
troll Of which was recently sold for
$3.50 900 The character Of the ore de-
velOped in the Rae Wallace is identi-
cal with that Of these big dividend
payers. and development has been
carried to a point that will enable the
company to become productive just as
soon as the mill is In operation, which
will be this spring The Willow creek
district is at the head of Cooks In
let, and the Rae Wallace property is
only 16 miles from the government
railroad. the station being Washilla.
which is As miles from Anchorage. the
sea coast terminal of the railroad The
mill for the company is now at Wa
shilla and will be transported to the
mine over an excellent automobile
road as soon as weather conditions
will permit. The mill is a Gibson and
has a capacity of 25 tons per day. The
company has also purchased a com
pressor, tool sharpener and all other
and modern equipment
Financed by Occur d'Alene People.
The Rae-Wallace company has been /
financed almost exclusively by people /
of the Occur d'Alene district chiefly /
by residents of Wallace. Ample funds .
are now on hand to carry out the
plans Of the company. although stock
is still being offered and finding ready /
at 81 per share the par \
value. The officers and directors Of
the company are Don s. Rae, presi-
dent and manager: John Wood. sup
Of the Hecla MILL vice
president; A. G. Kennedy. of Wallace. /.
secretary trea surer; Fred Porter.
master mechanic Of the Bunker Hill & /.
Sullivan. and Dana Childs engineer
FOR the same company, directors The
expects to be earning divi-
1ends this summer. and the amount
)f ore now in sight fully justifes this
expectation. In 1917 the property was
examined by Theodore Pilger. engineer
'or the Butte e Superior company Of
Butte, and in his report he estimated
he amount of ore then in sight at
100000. Since his examination Mr. %
Rae says that development work has =
exposed fully four times that amount. I
rhe vein has been definitely located Z
or $500 feet within the Rae Wallace =
ground. The ore is free milling gold, ,
he pay shoot being three and one
lalf feet wide and making an average ?
Mill feed of $50 per ton. Strealxs Of =
Ugh grade run very high, a sample +
# which Mr.. Rae exhibited which he .
aid carried $500 in gold. The season is ,
cry sort for mining operations in ~
hat section of Alaska, the water sup n
ly being available for only three or a
our months during the year This ~
act in connection with the production =,
cures given above emphasizes the n
Ugh grade character Of the ore
OId-Time Occur d'Alener. r
Mr.. Rae was one of the early-day Il
liners in the Occur d'Alene district. e,
lie had a contract to drive the. first e,
lnnel on the Standard mine after it al
as taken over by Finch & Campbell
nd when Archie McCullom was sup
He made a raise under
'ntract from No. tunnel of the re
EN- mine. He left the district in 1892 he
the time of the labor strike that ps
osed down all the mines He went bl
Alaska 90 years ago and has con- re
luously been identified with mining al
erations in various parts of that =
rritory.