The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

a --------, Colossal THE OSHAWA DAILY TIMES, SATURDAY, MAY 12, 1928 PAGE NINETEEN ealthy Flin F lon Area Is Cynosure Of All Eyes Eyes of Mining Ww orld Are Centred On Northern Manitoba Mineral Area | As Prospectors Open Up Territory Flin Flon Undergoes Many Changes Until Whitney Inter. ests Buy Control of Properties and Incorporate Hud- son Bay Mining & Smelting Scaugany 4 3 at $25,000,000 and Offer Stock to Public at $15 'LARGE SCALE OPERATIONS. DISCLOSE UNTOLD WEALTH Sherritt.Gordon Have Diamond-drilled Over 5,000 Feet of Their Ground and Indicated Ore Body Runs from 11 to 17 Feet Wide With Values of Higher Than $13 Per Ton--Greater Value Anticipated on Development has awakened to the startling § fact that the mineral resources "of the Dominion of Canada are still 'merely scratched. After years in the 'quest of valuable mineral deposits ia belief came into existence that al] "the accessible territory had been rospected; that the romantic days f discovery of a Hollinger, Mcin- tyre, Premier, and a score of athers, had passed. But then, like (a bolt from the blue, emerged the |. Flin Flon, The impossible had hap- ened, there was ore, millions of (tons of rich ore, entombed in the 'vast wastes of Northern Manitoba | and Saskatchewan, No chapter in the history of |' Canadian minjng reads' move like 'a fairy tale than does that of the "Flin Flon, Out into the virgin forest i journeyed prospectors and mining [. men, pioneers, men of the type who Il are not easily discouraged. For 400 |: miles north-west of Winnipeg they i trailed, onwards ever onwards, in |} quest of the secret spots where Mother Nature has tried to store her wealth beyond the prying eyes of mankind, Man again conquered. There beneath their worn feet lay ore speckled with sulphides, of copper-zine and lead. But even then little did they realize the magniture of their discovery. That was back in 1915, Only now is the truth fully comprehended. Attracting Capital Inaccessable as the propérty then was considerable difficulty ,. was encountered in attracting capi- tal to the scene. The hardships of prospecting faded into insignitic- ance when compared with that of Rp the mining world raising the necessary guid pro quo to open up the area, In the long run however, perseverance again won but not until obstacle after ob- stacle had been met and conquered. In 1919 Hayden Stone & Co., of New York and Boston took an in. terest in the property only to re- linquish it subsequently,| The turn. ing point was reached in 1920 when W. B. Thompson in conjunction with the Mining Corporation of Canada took another option and then set to work in earnest to prove up their holdings, Large scale mining operations commenced and gradually it became evident that the Flin Flon ore ran into mil- lions of tons and millions of dol- lars, At this juncture, last December to be exact, the James Payne Whit- ney interests of New York entered the picture and bought control of the properties. Incerporating under the name of Hudson Bay Mining & Smelting Company Ltd., they capi- talized at $25,000,000 and made public offering of the stock at $15 per share, at which time it was | heavily oversubscribed, indeed so | much go that initial transactions in the stock showed an appreciation of $1 per share over the price of issue and since it has advanced to over $20 per share, Sherritt-Gordon Equally startling is the history of Sherritt-Gordon which lies some 39 miles north-east of the Flin Flon properties. So far over 5,000 feet of their groupd has been dia- mond-drilled and the indicated ore body runs from 11 to 17 feet wide with values of higher than $13 per ------ GREAT FUTURE FOR DOMINION FORESEEN The Hon. Charles McCrea, Minister of Mines for Ontario. has predicted that, by 1931 Canada will be the largest pro ducer of copper in the British Empire and through the steady development of the miu- eral resources the production #f 'Northern Ontario, great as it has been during the past 15 years, will be tremendously iu- creased in the next few years. He believes that, with the gold production of South Africa now at its peak, Northern On tario will shortly be the chief zold-producing area. OSHAWA MANAGER, STOBIE, FORLONG & CO. EVERSON Who has Hiige of Oshawa Bracke of well-known Brokerage House! there is a railway under construc- ton. Merely to the 200 foot level drilling has indicated about 2,000,- 000 tons of that grade ore and it Is conceded that the deposit will prob- ably continue to far greater depth and possibly over a much further length. An idea of the colossal riches in mineral wealth that abounds in the Flin Flon, Sherritt-Gordon district may be had from cogitating over the expression of Cyril T. Young, F.R.G.S,, Superintendent of De- velopment, Canadian National Ralil- ways, who in an address hefore the Board of Trade, Winnipeg, Mau., on December 12th, last said: "When you realize that the total ore reserves of the Sher vitt-=Gordon, Flin Fon and Mandy Mines far exceed $400, 000,000 and ave, therefore over $100,000,000 in excess of the total ore mined to date in the mining camps of Cobalt, south Lorraine and Gowganda, one cannot help but realize to the full the future of this ime mense new mining develop- ment north of the Praivies," 1s it then, not readily under- stood, why mining men from every quarter of the Globe have been at- tracted to Northern Manitoba? Is there room for wonder as to why The Pas today is teeming witn activity. The area is being developed with amazing speed. While most of the transportation into these camps is still being done via aeroplanes be tion td the Flin Flon from the main line of the Canadian National Rail- are employed laying the steel, for this line to be extended to the Sherritt-Gordon plans to have volve an outlay of $15,000,000 and waterways are to harnessed to supply hydro-electric ener basis as any mine . Intensive Drilling ha A without doubt an intensive Fi mond-drillng campaign will be in-| claims during [tive results of these drillings and more the area which will no doubt prove + Sherritt-Gordon or 1e days of fortune » extracted from points to Canada proving the turns that do acerue to holders of mining stocks representing con- cerns that develop from prospects {into mines of importance go to those who have the courage to sup- (ply the treasury of the concern with the initial capital which makes possible exploitation of the terri- tory. luvesting in mining is one Lstory, speculaton quite another. CHATHAM AUTHORITIES WILL KEEP DOGS IN CHECK Chatham, May 10.--Appointment lof an official dog-catcher; police warnings that no dog, except on a leash, would be allowed on the |street, and the preparation of an | Girection adequate place to impound all wau- | and Shepritt- [dering canines were activities here today 5 a result of the receipt of | yesterday that the head of | a dog analyzed had shown a posi- | case of rabies. | SWITCHING CHARGES INCLUDED IN RATE Ottawa, May io --The experi- mental rate of $6.71 for the mov- | | ing of Alberta coal eastward to Ontario includes switching charges when these are necessitated by | the movement. This was decided unanimously by the Board of Rail- way Commissioners here this af- ternoon when they had before them the 'question presented by various interests involved as to whether the switching charges | were to be paid over and above the $6.75 rate, or were included in | the rate. Canada Shows vancement Dominion Has Only Scratched the Sur- face of its Mineral-Produc- ing Possibilities -- Mining thing Else From Public In- terest Standpoint. Looking into the past, present ana futur¢ of Canada as a producer ot minerals, one is astounded at recent rapid growth along these lines, and, according to all indications, this great country of ours has "only scratched the surface of its mineral- producing possibilitics. Following an era of missionary work, with trials and hardships which only the mining nen themselves can appreciate, the mining industry in this country has come to a point where it surpasses everything else as far as public at- tention is concerned, The "trek" to and from the north country today is tremendous. Unprecedented activi- ty is spread practically across the whole of Northern Canada, from British Columbia on the . west to Newfoundland on the cast, and mor particularly into the districts 1 Lake, British Coluinbia, Sudbury, and the new \Woman-Lake-Narrow Lake Region. Practically cvery known mode of travel is being utilized in connecting the various districts with the pulsing commercial centres--the canoe and dogsled have their place and now comes the latest scientific contribution--the acroplane Glancing at mining and production statistics, it is interesting to note that in the year 1925 Canada pro- | duced a total of $220,583,333. This fig- ure is a grand total made up as fol- [ lows--"Metallic" material, $117,082,- tos, coal, ctc.), $71.851,801; "Structm al materials and clay products" $37,- | 049,234. Since the 1925 period, pro- vancing materially. The figures shown give one an idea of the magnitude of this leading Canadian industry, Commenting briefly on the various districts in Canada, both new and established, we would deal first with: Kirkland Lake District This is one of Canada' premier gold arcas, a dis kei that has probably drawn mo attention to Canada than any Riri During the past year or so, we find such well-known mines as Teck- and Rapid Development as a Producer of Minerals Remarkable But Despite Astounding Ads} Industry Surpasses Every- | Northern Manitoba, Rouyn, Kirkland | | being prepared ,for the erection of KE a plant capable of-treating 3,000 tons | 298; "Non-metallic" material (ashes- | duction along all lines has been ad-| Hughes, ".ake Shore, etc, steadily increasing their milling facilities, steadily building up tremendous ore reserves with a consequent and sub- stantial increase in tonnage milled and gold bullion produced. Take Teck Huges for instance, in 1919 their JiSdwction record was $169,500; ff 1927 they produced $2,105,000 gross and they are now treating about $50 tons per day, recovery said to be running about $450,000 per month. Li this rate is kept up, Teck Hughes will almost double its record of last year. Their ore reserves are steadily mounting up. New finds and new ore arc placing the company in an en- viable position. Similar development 15s taking place onethe Lake Shore where treatment will soon be at the rate of 1,000 tons per day. It is in- teresting to note that Lake Shore has taken practically no ore for the mill from levels below the 800, al- though the mine is building up large ore reserves at the 1000 foot level The Kirkland Lake District has not yet reached its crest. Developments of interest arc occurring both to the cast and west. Northern Manitoba During the year 1927 and to date, the Northern Manitoba District has sprung into prominence as an ulti- mate large producer of base metals, The chief and most important prop- erties just now arc the Flin-Flon and the Sherritt Gordon, The prop- erties controlled by the Hudson Bay Mining & Smelting Company (Flin- Flon) comprige 5,678 acres. A railway is now under construction from The Pas to the properties, and plans are of ore per day. Ample water and | | power rights are' held and will be | { developed. It is estimated that with! the plant operating at full capacity, | there is sufficient ore in the mine | now proved, to maintain operations for a period of at least 20 years, The ore is proved above the YU foot level, only, and at that depth it shows no diminuation in value. There is, thercfore, every reason to think that it continues to lower depth. On the Sherritt Gordon, work has not advanced as far. However, it has indicated to date that there is $20.- | 000,000 in ore gross to every 100 fect of depth. Tt is expected that the capper and zinc conggnt will go to good depths, Here if a proposition | which would provide A00 tons of ore per day, and mine ogt only a hund- red feet per year, Prospectors, new companies, and dapital are all crowding into this distrigt, which, for the next few ycars will probably be one of the leaders. British Activity in the stocks of minin companies located in British Colum= bia has drawn the public's eye to this district. Figures supplied by the Minister of Mines, show that this province has produced ' $988,108.470, Production or the past ten years was $429,547.7 We find lead the chief mineral with a 1926 production of $17,757,535 with copper coming second at $12,324,421, he Consoli« dated Mining & Smelting Company is located in B. The Sudbury District has taken on the aspect of a new district, although it has been a producer of nickel for years. The luternational Nickel Co. and the Mond Nickel Co. cone trol about 95% of the world's supe ply, and are, in themselves, worthy of much comment, but in order to ba as brief as possible, we will only mention the ngw developments-- copper and zinc. These minerals oce cur in large quantities on the Tread« well Yukon, Sudbury Basin, and Ine ternational Nickel properties, there are indications that a large belt across that section 'of the coune try will produce heavily during the years to come. Treadwell Yukon has a mile of mineral, straight away, a veritable base-metal sidewalk, and is now ncaring production in a big way, Sudbury Basin has been able to prove the continuance of this ore on their properties and the company is fast on the heels of Treadwell, Millions of tons of base metal ore arc existant on these two properties, Another new and promising-looke ing district is the Woman-Lakes Narrow Lake Region, where gold showings arc very specacular, In the opinion of mining men, this district will be an important producer of the precious metal in the years to come. We find such companes as Jacksone Manion, Dunkin, and Bathurst los cated here and working hard to whip their properties toward the produce tion stage, We have not mentioned the Rouyn arca, but it is gratifying to note that Noranda has reached the production stage and is now shipping blister copper, which carries a high gold content, One mining writer estimates that Noranda will ultimately produce 50,000,000 pounds of copper annually, Many other properties, some of which are Noranda subsidiaries, are nears ing the point where théy will bg' shippers of copper- -gold ore. In conclusion, it is apparent that the minipg industries in Canada tos day has grown to tremenduous pros portions, Something of which every Canadian can be justly proud of and something that is worthy of a great deal of publicity, During the yegars to come, we anticipate that a great deal of new wealth will be created by this industry, with a consequent beneficial effect upon all other ine dustries. In other words, we are ops timistic and enthusiastic believers i: Canada's future as a producer of minerals. During recent months we have been instrumental in placing with our clients the following stocks, all ot which have shown considerable enhancement Malartic Kootenay Florence San Antonio Sherritt-Gordon Sudbury Basin Sudbury Contact Bedford Hudson Bay We believe large profits will accrue to purchasers of shares in the outstanding mines of Western Canada. The eyes of the mining world are turning westward and we look jo an unprecedented boom. Our current recom- mendations will be gladly sent upon request. STOBIE, FORLONG & CO. STOCKS BONDS GRAIN 11 King Street East Oshawa Office Telephone 144 Private Direct Wires:--Montreal, Toronto, New York, Chicago, Winnipeg, Vancouver rE EE Ee a ------ ------