The Daily Alaska empire., 1928-05-12
SALE OF MINE
 IN PORCUPINE
 IS ANNOUNCED
Stenbraten and Partn e I Sell Majority Interest
 in Stampede Group

Reports of the sale of 51 per cent interest in the Stampede group of claims in the Porcupine mining region by J. o. "Stam- pede John" Stenbraten, of this city and William Bunting, Hyder, to A. II. Jarman of New York City and associates were con- firmed here today by MT. Stem braten. He will leave tomorrow on the steamer Alamada for Haines and proceed to the prop erty to prepare for extensive ex- ploratory and development opera tions this season.
 The cash consideration involv- ed in the deal, which was com pleted recently in Vancouver, was not made public. The cash pay ment, however, was said to have been of material size. Mr. Sten braten returned here early this week from Vancouver after clos ing the deal.
 Work This Season
 The work to be done this sea- son will include construction of a temporary camp to aeeommo- date crew of 20 men which will be employed in the near future; driving of two tunnels, one 400 feet long along the main vein at the 47O-foot level, and a second tunnel to crosscut several smaller veins, eventually to be extended to tap the main ore body.
 MT. Jarman, accompanied by two engineers and a geologist, will arrive at Haines on August 15, and make a trip to the camp for a detailed inspection of the property. The tunnel work is ex- pccted to be completed by that time. An investigation will also be made by Dr. H. T. James, British Columbia district min ing engineer during the season. Some trail construction to facili- tate the operations will be done by the British Columbia Depart ment of Public Works.
 The property involved in the deal lies mainly on the British Columbia side of the interna- tional boundary. It comprises eight claims and one fraction. The main ore body, MT. Sten- braten said, has been traced the entire length of the group and work has been done to establish the formation.
 Tributary to Haines
 The mine is AS miles from tidewater, most of the distance being traversed by the Haines- Pleasant Camp auto road. From the end of that route to the claims it is six miles. Supplies will be purchased locally and hauled by trucks from Haines to the Pleasant Camp for the pres ent, and eventually direct by auto to the property.
 MT. Stenbraten located the group three years ago. A year ago MT. Bunting was taken into partnership by him. It has been developed jointly by them. As a result of the sale of a portion of their interests, a number of pros pectors have already gone into the district in the past several days and others will follow in the near future, it was said.
 Is Little Known
 The entire country, including areas in Alaska, British Columbia and Yukon Territory, is virtually unknown as far as prospecting is concerned, MT. Stenbraten said. All of it is mineralized and of fers in his opinion one of the finest fields in the north for prospectors It is reached more readily from Haines than any other point and any development will naturally be of materia, bene- fit to that community.
 The indications are that a large gold producing mine will be established on the Stampede group, according to Mir. Stem braten. The deposits is free milling and no serious milling problems are believed to be in