The Cordova daily times., 1922-02-24

MI. J. II. MlleS, d plOuSeT newspaper man of the interior, who has been chief accountant for the A. E. c. at Nenana, arrived in Seward few days ago. MT. Miles is at present inter- ested in the lumber business and Is on the coast looking for location.
 MT. Miles has been a resident of Nenana for several years and is very familiar with Kantishna country, where he spent some time prospect ing last summer. He is very optim- istic over the future of that section and gave to the Gateway the follow ing statement of his views:
 l Advices from the Interior as to the future of the much mooted Kantishna country are to the effect that this wonderful mineralized section has not been advertised for the benefit of some commercial company, and that the resources have been minimized in reports rather than exaggerated. That section owned and operated by the Mt. Mckinley gold placers around Moose Pass, tributary to the Bearpaw river, consisting of the entire length of 1 Caribou creek and several contiguous claims on Glacier creek, will be oper- ated this season beginning with the seasons opening. This company is cap | italized for half a million dollars and has established camps, dams, ditches and hydraulic plant of over mile and l half in length and will operate ex- clusively on Caribou this season. This company has spent over one hundred and fifty thousand dollars in equipment, consisting of tractors. sleds and tools, shops and practically every thing needed to operate as all repairs must be made on the ground owing to the remoteness of the holdings, which necessitates the employment of me- chanics in all departments. The ground on Caribou creek, according to pros pected estimates, will sluice about | seventy-five cents to the yard which will enable the company to pay a lib eral dividend
 Across the benches from their hold ings local company of which Dr. Sutherland of Fairbanks is the head, had constructed a ditch several miles in length, tapping Wonder lake and will also open up with the sluicing season this spring. This ground has been prospected more or less but not so thoroughly as the Caribou property. Dr. Sutherland by his foreman, MT. Christensen handled more work last season than was anticipated which shows that the only way to develop a country is to perform the labor by men who are interested instead of employ | ing outside experts and this was de- cidedly noticeable in the Kantishna last season.
 l COPPER MOUNTAIN STAMPEDE Copper mountain is situate about ten miles from the base of Mt. Mckin' ley and is famous for it's vast ore de- posits, Joe Quigley staked the first claim on Copper mountain and was soon followed by many others. there being approximately two hundred l ,1o;,,,, ct,Lod +boro 1aot oummar The deposits show grey copper which car ries gold and silver; the highest as say being three thousand dollars pei ton and the lowest was ten dollars 1T silver and two in gold. There is wha1 might truthfully be termed mountain of ore, claims containing millions O.
 dollars only waiting to be mined, bu
 are not worth four bits today as the
 low grade ore that must be minet
 with the high grade would necessitate
 an expenditure far in excess of reve
 nues; the only thing being needed, an(
 must be here before this mountain
 can be realized on, is a smelter some
 place on the Government railroad, or {
 good truck road connecting with tht
 railroad. The latter can be secured
 from the end of Thorofare Pass, a: Copper mountain forms part of chi.
 pass.
 The Kantishna country was frs
 stampeded in 1905, but soon presented
 a discouraged side owing to the ver9
 sparsely distributed placer and thu
 stampeders left within a few months i About forty old timers headed by Dia
 mond Pete remain to prospect the vi
 cinity and any development since
 should be credited to their efforts l NoHl;pr ,,,,oL woe fhoupht of fhf