The Daily Alaska empire., 1929-07-15
ALASKA JUNEAU BUYS INTEREST
 IN TAKU GROUP
Manville Goldstein Crowd Turn Over Rich Strike
 to Local Company

What is said to be one of the biggest mining deals in recent years in local annals was consummated here today when the Alaska Juneau Gold Mining Company acquired a large interest in the Big Bull group of claims owned by various local people on Taku River above the international boundary The exact size of the interest purchased and the sum involved were not made public.
 Announcement of the deal was made by I. Goldstein, one of the original owners, with whom was associated M. V. Manville, discov- erer, Charles Goldstein, Dr. Robert Simpson, A. Hendrickson, Minard Mill, Mrs Carol Goldstein and Miss Marie Goldstein.
 Magnitude of Deal
 While MT. Goldstein for the or iginal owners and L. H. Metzgar, General Superintendent of the AL aska Juneau, both declined to re- veal the financial consideration, the former gave some indication of it's magnitude by making known another offer on the same property. We received and rejected a bona fide offer of $1 100000 for the group that was made by a financially responsible company" he said. He was not at liberty, he added, to make public the name of the com pany making the latter tender.
 In addition to the Alaska Juneau, two other rival interests were after the group and made written offers. These were the Consolidated Mines of Canada, and the United Eastern. Engineres for both of these outfits recently visited the ground and took samples of the ore. The na- ture of their propositions was not revealed, MT. Goldstein saying that it had been agreed with them that none of the terms presented by them would be given publicity.
 Local Offer Best
 "The offer made by the Alaska Juneau was the most liberal before us, and considered by us to be the most advantageous for ourselves and fair to all concerned. For a fixed upset price to be paid for large interest in the Big Bull Group, and in consideration of development work to be done on it's beginning at once, we have turned over that property to the Alaska Juneau Gold Mining Company, retaining, how ever, substantial interest our selves," MT. Goldsteins's statement said.
 Asked regarding the financial terms, he said: We are not at liberty to make these known, but I am at liberty to say we rejected an offer form another reliable con- cern for $1,0O0,000 whic h would have left us but a nominal interest in the property"
 Superintendent Metzgar confirm ed MT. Goldstein's statement re- garding the deal made. He, too, declined to discuss the sum involv- ed. We have reached an agree ment with the original owners und- CT which we take over the prop erty and proceed immediately with development work. We will put on a small crew without delay and augment it as we progress. Work at first will be by hand, but we will put on compressor and other equipment as soon as we can land them there" he said.
 It IS planned to continue work through the coming winter A camp will be erected at once to house the crew and machinery used in development. For the present the work will be directed by MT. Metzgar himself.
 The assays made show the de- posit to contain zinc, lead, copper, silver and gold, and the aggregate value is said to average between $45 and $50 per ton. The property is located some 30 miles up the Taku River, on the Canadian side of the international boundary and is about 60 miles from Juneau.