Hyder weekly herald., 1931-09-02

every instance have confirmed the view of expert geologists and min erologiSts that the district is destined to become one of the great minera! producing areas of the continent.
 That development has been slow is rot indicative of a want of progress. impatient souls who expect immediate returns in the form of profits and dividends from developing mines are usually foredoomed to disappointment. A great lode mine is not developed in day nor in year. Especially in districts where means of transporta- ton is not well developed, as was the case in the Portland Canal district up to three or four years ago, pro- gress in mine development is neces- sarily slow and is accomplished only at the expense of much extra labor and cost. However enough has been accomplished in the Portland Canal district to prove the existence of remarkable extent and diversity of ores and that there is very reason able ground for believing that the district contains more than a score 1f very extensive and very valuable mines. This is something that can be said of but very few mining dis tricts, most of which can show no more than three or four real mines in the making.
 The following list presents a brief description of some of the more prom ;nent properties which are conceded by expert opinion to present outstand ng indications of developing into productive mines. The district con oil nf hipj, merit but lack of space will prevent detailed mention of only those of out standing prominence.
 The following properties are To- cated in the Texas Creek area of the Hyder district.
 Metcalf and Fendey group: Includes 21 claims on the northwest slope of Banded mountain and contains a gold bearing mineral zone of more than 800 feet known length and rang ing up to 97 feet in width. Minerali zation is iron pyrite and gold. De yelopment includes 190 feet of tunnel run during the past season, in addition to large amount of surface work,
 Marietta Gold Mines: L. c. Thorton,
 
 20 miles northwest of Hyder. Auto mobile road connects with Hyder; $ claims. carrying values in gold. silver md lead. Developed sulphdes assay. Gold, 0.5 oZs. per ton, silver 99 OF. per ton, lead A per cent Average value )f highest grade gold ore found 250 JZ.
 lbex Group: on IbeX Mountain on Texas creek highway. Consists of 9 claims and 2 fractions; considerably mineraliZed shown by open cut work Horse trail from highway to work ngs. Assay values; gold, S2 to S15, ;ilver, 24 to 40 oz., lead AS per cent.
 Silver Coin Group: lbex Mountain. f claims, tunnel and open cut work. assay values, gold S2 to S2l. silver 22 oZ., lead, 65 per cent.
 Homestake Group: IbeX Mountain claims. Development. 100 feet tun nel, extensive open cutting. A shelter shipment gave average returns of 80 per ton net
 Hyder Lead Mines. Inc: Hyder. Alaska: Capital S2,500 ,000 Property includes 29 claims. Most advanced development in the Texas creek sec lion. 20 miles from Hyder, with a developed tonnage of 5000 tons of ore average value, S1100 per ton. Auto road connects mine with Hyder. Texas-keno Mining Company, Inc: capital 100000 shares, 65,000 outstand- ing; If claims Texas creek, adjoining Hyder Lead. Development work, l30 t. tunnel on it. galena lead, with numerous open cuts on other quartz eads and mineral zones. Assays from galena leads show gold, F to 1 oz. | per ton, silver. to 10 oZ. per ton, aects property with Texas Creek | Highway.
 Blasher Group: Frank Blasher. own 3r: 8 claims at head of Texas Creek. several leads show values up to Si5 in gold. silver, lead and copper. De yelopment work, ? short tunnels and open cuts: good camp buildings on | Texas highway
 Lower Salmon River Area.
 Crest Group: Oren F. Hill, owner, 1 Fourteen claims located east slope Salmon River valley about 1000 feet south of Premier mine, at elevations ranging from 1000 to $500 feet Lies along contact of Bear River series (greenstone and tuffs) on east and granodiorite and altered phases on