The Daily Alaska empire., 1932-08-24
PLATINUM YIELD |0F iCOODN N E WIS
 IS 5o6 oU NCEs
Grinnef Collins, Geologisat
 Gives His Views of District

DEW lldJ encourages the belief that platinum mining may be developed on a fairly extensive scale in the Goodnews Bay district is the fact that 506 ounces of. the precious metal have already been taken from placer deposits of the country, Grinnell Collins, geologist who recently visited the area, told the Seward Gateway. While creeks in the neighborhood of the proved tplacer platinum area have been staked, there is still 8 large ex- panse that invites not only lode prospectors but searchers for plac- CT, too. declared MT. Collins, who stayed in Seward several days on his way from Goodnews to the Alaska Agricultural College and School of Mines, near Fairbanks, to which he is taking platinum specimens to be examined and assayed. F+~ s's"
 Platinum Production Listed
 The placer platinum figures of the Goodnews district were assem- bled by me from the producers, i" MT. Collins explained. W
 "Haroldsen and Wicklund have obtained 173 ounces. They cleared 1928 square feet of bedrock. Their yield brought $4,8O7 in the London market. Other producers are:
 "C. Salmson. 55 ouncse; M. Gar the. 18 ounces; c. Thorlsen. 58 ounces; F Walter, ounces; Ed G. St. Clair, 40l ounces; T. Thomp- son, A ounces; N. Corrigal, Sc ounces; J. Barnett, 57 ounces. The total is 506 ounces.
 Source of Production
 Virtually all the platinum ob- tained to date has come from Clara and Squirrel Creeks, tribu- taries of Salmon River, except a small quantity mined on Fox Creek.
 "The proved ground is limited. Costs of mining are high. Only two of the miners are making bet ter thna a mere wage proposition. Though platinum has been mined in these creeks since 1887, no new creek placers, except those on the four small creeks heading in Red Mountain, have been developed. se Width of Pay Streak ~ v son Clara and Squirrel Greeks the pay. streak is from 20 to 30 feet wide: The top moss or over. burden is burned off and the ground is ground -sluiced to a depth. of 8 to 10 feet. The bottom two feet and some of the bedrock is shoveled in. The values are well disseminated through the graveis. In some instances colors can be found 5 to 6 feet above the bed rock.
 Salmon River, into the right limit of which the platinum placer creeks flow, has been staked and AACiQ olliCc xodf.
 Salmon River Prospects
 Although considerable prospect ing has been done on Salmon River with a view to possible dredging operations, no favorable showing or prospects have been deveioped. On Salmon River, where bedrock has been reached, no prospects have been found. It is possible that with proper drilling equipment a pay streak could be found.
 Although the possible place-s immediately around Red Mountain have been staked there is plenty of possibilities about the country. as there are many formations near by which show great similarity to the formation of Red Mountain.
 Possibility of Lode Deposit
 While such thing as platinum in place, in paying quantities, has never been found on the North continent. there is fine possibility of such an occurrence on Red Mountain.
 And while there is plenty of room for platinum lode prospect ing and ground to stake on Red nothing definite of lode character has been discovered to