Montana oil and mining journal., 1936-06-06

of gold bearing gravel day If yard of gravel con-
tans ST. then he So per day That will rot make
him rich though he has 100000 yards OF gravel
containing SlOOOOO0 IN gold he million is his but It
would take many years recover it and the profits
would be SO small that he would make nothing.
If the placer miner can get a machine that will make
it possible for him to handle 1000 yards day-ntan-
ing recovery of ST 900 per day, that within
900 working days he will have recovered 81 OO0OOO
which means tremendous fortune.
The most economical and profitable method o. placer
mining is to wash the grayes through sluice box by
hydraulic methods Water transported through bitches
fumes from a stream higher in the mountains than
the placer deposit At point high above the placer mine
the is suddenly released through pipe or hose
and directed by nozzle unlike that used by remen
the gravel bank So great the force thus created
that the of will oyerturn giant boulder and
upset trees Gravel loosened and broken down
through sluce boxes carried by the torrenta rush of
water through uice boxes in which RIFLES or traps
to catch the gold
Ohio Creek Mining company organized by small
group of investors who had opportunity to take over
some mining property at Fairbanks, Alaska, where mil
lions upon millions have been produced. We made a
careful examination of the property but determined that
it was too big for The of the mine plus tho cost
of the expensive machinery more than could
handle One of the things ascertaned that the
greatest profits in Alaska have not from lode mines
but from PLACER mines. Alaska OF the few
spots in the world where there extensive undeveoped
placer deposits Placer deposits produce swift profits and
few available Alaska young in its development
owing the sparse population and its distance from
large centers OF population
Alaska has an area of 400 square miles and ropu-
lation of 5o27S or one person to every TEN SQUARE
MILES. Yet Alaska has already produced $3O0OOOOOO
worth of gold. Last year Alaska produced $lyOOOOOO
Although it unbelievable, Government Bulletin NO
868-A states that of o28011o yards of placer gravel
mined in 1884 in Alaska the average value was SIXTY
FOUR CENTS PER YARD.
When we find operators in this country working at
profit on 2O-cent gravel we realize that Alaska oacers
have extraordinary worth.
So it was that when lode mine deal aban-
doned we set get ourselves placer mine which
we did. We secured option placer on Gulch Creek
Kenai Peninsula 90 miles north of Seward, which we
figure there 4065OO0 cubic yards of gravel 1t
ssts of seven placer claims and the pay gravel is est
mated at l8 feet thick
There is a chance of in testing operations,
but actual comraaGal operation is pretty convincing
From 800 yard ssve we produced ST 10000 That
is IS cents yard-showing that the governments fig
ure on average recovery of o. cents not
able although at first seemed hard to believe On this
basis we can figure that 40650O0 cubic yards of
gravel is worth tremendous fortune-more money
than all of spend in ordinary living in lifetime
However, we have found that 1t takes money 70 get
this mine working We already have 1000 feet of ditch
dug to bring the water from diversion dam in the
stream to a point above our property We have l5O0
hydraulic pipe laid But that is not all We need money
tonal giants supplies and equipment and payroll We hay
men now working. They cant handle enough yardage wit
equipment The of $4,000 all that is needed tc
basis of 1000 yards per day If this gravel runs
CEN1S yard instead OF - cents we lSue id. we y
million dollars. 1t will cost only few cents yard to me
gravel but even if it cost us MILLION DOLLARS t
out the property then we should have MILLION Dol
in profit.
We have been delayed in plans Our managing viz
ident taken i'll and the corporation seemed about to
property when committee of stockholders stepped in
responded with the Securities and Exchange Commits
Washington D. c., before going ahead Only last week
get everything Strengthened up
Now we are prepared to invite few other investors
us Our stock has par value of 10 cents We intend TO
maximum of $4,000 worth of this stock With so low
value it is easy for this stock to increase 100 percent
Ten cent stock easily go 20 cents the market
100 par stock would likely up to $500 We
shine Mining Stock from 10 cents few years ago
per share It is logical that when Ohio Creek mines
production will sensational rise in the value
stock for those who speculatvey y-mnded We are
debt so we plan dividends start with the first ceanu
1,OO0-yard-per operations.
CA.I~LoIIo..S( (ror~v,n;A&ao