Seward daily gateway., 1925-12-16
NEW MINING O.. ;. ]. ]. !.
 IS FORMED BY . SKAGWAY FOLK
ENTIRE POPULATION SIGN UP
 ON DOTTED LINE TO AD- ', VANCE DEVELOPMENT
IN OLD WHITE PASS CITY
 >11 MILES FROM TiDEWATER
RICH PROSPECT FOUND NEAR SkAGWAY BY LA RUE AND
 NELSON, SAYS LAFEVRE
(From Juneau Empire)

Articles of incorporation of the Inspiration Point Mining Company, Inc, to carry on general mining op- erations in the vicinity of Skagway have been filed in the office of the Territorial Secretary The incorpo- rators who are also directors or trustees are all residents of Skag- way named as follows: l.. Talbot, Charles Stadelman, Robert Eville, F. N. Feero, F. Suffecool, George Rapuzzi, Chas. Nye, A. R. Hillery, s. M. Hanson Al Nelson J. P. Ol- son, L. D. Stevenson and c. M La Rue.
 The capital stock of the corpora tion consists of one million shares, par value S100 to be fully paid up in lode mining claims. Skagway is named as the principal place of business of the corporation.
 Information regarding the newly organized corporation and the prop erty which has been located for op- eration has been made known by Judge H. B. LeFevre, attorney for the corporation who has just return ed to Juneau from a trip to Skag- way.
 The prospect is on the mountain side across the gulch from Inspira- tion Point on the White Pass and Yukon Route railway. It was dis covered by c. M. LaRue, U. s. Im- migration Inspector at Skagway and Al Nelson, oldtime prospector of l that district last summer when they found a true Assure vein of lead and galena on the face of the mountain. The vein is two feet wide at the cropping and can be traced a long distance on each side of the discovery, running about 13,50O feet 1 altogether.
 1 If it is what the owners believe 1 it to be Judge LeFevre said, it will be more valuable than any discov- cries of it's nature at Keno Hill or in the Mayo district were these discoveres at tdewater
 ''The discovery is close to a dyke which breaks the ledge in two but 1 the ledge is plainly observable and can be traced to the other side of 1 the dyke" said Judge LeFevre. "A shaft has been sunk 12 feet near the dyke and in that 12 feet the vein broadens to four feet at the l bottom of the shaft It is not known how much further it will go beyond the confines of the shaft because the shaft at it's bottom 1 is walled entirely with ore which seems to improv ewith richness Ill depth.
 The dyke that breaks the ledge is strongly impregnated with the same naturalization found in the ledges on either side. The ore is extremely rich, very heavy and of big value. Tn average run of the ore taken from the shaft will prob- ably reach S6O per ton in value.
 'The contact of the ledge is lime stone which is said by a mining man to be indicative of lead that can be developed to large quantities.
 "One of the most inspiring fea- lures of the discovery, however, is that development will consist solely in following the ore body and all quantities taken from the shaft or cross cuts from the shaft will be pay rock, and that it will not take course of years and expensive prospecting to demonstrate the value of the discovery.
 "A few months more of sinking and drifting will demonstrate whether the property is very valuable mine or series of pockets valueless for working"
 The property is on an elevation that will enable the owners to run the ore down to the tracks of the railway with a bucket tram, Judge LeFevre said.
 "All the inhabitants of +Skagway feel sanguine over what the out