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existing mines, and new properties may confidently be expected to be added shortly to the list of producers, Two New Producers. During the past few weeks two new producers have started mills in operâ€" ation. The Vipond Consolidated mine has a mill with a capacity of 150 tons per day, and the Night Hawk Peninâ€" sular‘s mill has a daily tonnage of 200 tons. Both these properties have large tonnages of ore blocked out, ready for milling, and the grade ore is such as to give assurance of conâ€" tinuous operation of the mills at a handsome profit. are payable in gold. (Gold is the uniâ€" versal medium of exchange. Yet the world‘s production of gold has steadâ€" ily decreased year by year since 1915 The world production of gold in 1915 was $470,406,200,00,. _ For 1922 it was $316,000,000.00. Ontario, the Land of Hope. In Northern Ontario, however, gold production is on the steady increase. In a little over a decade the Porenuâ€" pine has produced â€" $100,000,000 in gold. There has been an increase in the output here of over 350 per cent. in ten years. And, instead of a fallâ€" in‘ off there will ‘be still} more reâ€" markable increases in the production in this camp in the coming years. Imâ€" The Three Big Minces The three big mines,â€"The Hollinâ€" ger, Melntyre and Dome.â€"are treatâ€" ing . approximately 7,000 tons of ore W jyo uap|O® oy} m ggggggggmu‘gsbsgggggzfi.gsL‘r\g(fisgggcficfiwgggg One of the outstanding needs of the world toâ€"day is (Gold. (Gold is the basis of the world‘s trade, commerce and finance. All debts are pavable in gold. (Gold is the uniâ€" The World Needs Gold, and the Porcupine is Producing Now at the Rate of $22,000,000 per Year, with Assurance of Still Further Increase for the Near Future. T‘wo More Producers Added to the Big Mines in the Past Month. Work on a large number of New Properties Promises Still More Producers for the Near Future. Ample Electric Power Power is of vital importance to the progress of the gold mining industry, and the shortages in the past years have been bitter disappointments. The situation is being soived by the erection of new power plants by the Hollinger Consolidated, the Northern Canada iPower Co., the Great Northâ€" ern Power Co. and others, and. it is expected that next year all the mines, not only in the Porcupine, but througnout Northern Ontario, â€" will have ample electric energy to meet all requirements. T A Permanent Camp. Not only are the producing mines planning increases and extensions, and newer properties working to enâ€" ter the list of producers, but there is or a yeariy tonnage ol 2,000,U0U0U wITh a value of $23,500,000,00. These three h1z have (been increasing their operations and facilities from time to time and still further enlargements are planned. The Hollinger, in parâ€" ticular, has an important programme under way, and will increase jts millâ€" ing capacity toâ€"=#;000 tons per day, the increase to be effective when the completion of the new Hollinger plant on the Abitt®i assures the mine of ample power for all operations. W hile 1923 has been a prosperous year for the gold. mining industry, the comâ€" mencement of the year was disapâ€" pointing to the gold producers on acâ€" count of the power shortage. The power situation, however, is being solved. a4ye O L a total or a l. € 1(1 € c ore apt $9.00 per daily pro w Ee ‘ production tonnage of 2 23.5300,000,.00 1, [NlSs am tion of $6 111 € it has hardly (been scratched as yet," and **The deeper the mines go, the richer the ore.‘‘ Recently, Mr. J. B. Tyrell, EM., recognized as one of the international authorities on mining and geology, put it ths way :â€" ‘«Northerr Ontario Ias now atâ€" tained a permanent position as one of the great gold mining countries of the world. Large areas of it are known to ‘be underJlain by goldâ€"bearing Pre Cambrain rocks, in which a few rich producing mines namely, the Hollinâ€" ger, Melntyre, Dome, Wrightâ€" Harâ€" greaves and Lake Chore, ete., have been opened up while others now in process of development, will soon be added to the list of producers. The ore in these mines will doubtless be found to extend downwards as far as favouraMe country rock continues, with ‘no certain prohibitive mining limit but that made by the heat of the interior of the earth. As exâ€" amples of deep gold mines in Preâ€" Cambrian rocks may be cited:â€"The Morroâ€"V elho (Mine in Brazil, working for more than 100 years, now 6,724 feet~deep, and stil}l in very rich ore; the Kolar Gold Field group at Myâ€" sSIng IANG 1(062A 18 | has hardly (been and **The deepe richer the ore."‘ Tyrell, E.M., recd international au and geology. put one, ClNis theory is very strongiy supported by facts and experience so ar. The popular method of expresâ€" sing the idea is to say, ""4The surface nd wise 1 e N1 naencey s dega. is broad n the theory th 1imImliln ermanent che variou OouUus 171 TX 11 part of the regular routine. Its purâ€" pose is not so much to indicate ore values as to secure information as to formation and geology. In the disâ€" triet this year a large number of the newer properties used diamond drillâ€" ing along this line this year. In all there would be thirty properties diaâ€" mond drilled on a more or less exâ€" tensive seale. Apart from the biz mines, iwhere, as noted, diamond drillâ€" ing is a regular procedure, the folâ€" lowing had diamond drilling camâ€" paigns during the year:â€"Davidson, Newray, Vickers, Canadel, New Yorkâ€" Poreupine, Edwards, Goldacre, Macâ€" kenzieâ€"Poreupine, Moneta, Paymaster, lowing had â€" diamond _ paigns during the year Newrav, Vickers, Canade has been the progressive development campaigns carried on at some of the newer properties, such as the Goldale, Newray, West=Dome Lake, Canadel, Paymaster, etc. More or less extenâ€" sive work has been done on twentyâ€" five or thirty promising properties in the district. Large Amount of Diamond Drilling. Thousands of feet of diamond drillâ€" ing is done each year by the producâ€" inz mines. This diamond drilling is part of the regular routine. Its purâ€" have all reached great depths, and that their ore is continuing downâ€" wards, we may confidently rely on the permanence of our Ontario gold mines, also Atre Preâ€"Cambrain rocks, and which, down to the depths to which they have yet been worked, are following closely the laws applicable to the other mines mentioned albove.‘ Development of New Properties One of the most important features of the year: just drawing to a close dA V e 10sâ€"6 Jeen UDND 10 W a, operating ut $170,000 ‘at a depth W at | roOckKs very sinml rn Ontario, that d great depths 1,000,000,00 est Austral Om e 40 vears, now reéat gold for many pI h ok 2,0000 T. (in the quant Therefore, e 1111 thery and Minss, with its main property within the municipality of Timmins, holds an indisputed place among the three greatest gold mines of the world. With the completion of the plans now under way, the Hollinger will likely take first place as a producing gold mine. The nwill handles 4,400 tons every twentyâ€"four hours, over 2,500 men are employed, the production is Trunning at about one million dollars in gold per month. Up to date, $71,â€" 000,000.00 has been produced by the Hollinger, with nearly thirty million dollars paid in dividends to share= holders. Ore reserves at the end of this year are understood to be about $55,000,000.00, an increase of nearly 25 per cent. over the ore reserves at the opening of the year. Plans are now going steadily forward for the increase of the plant ceapacity to 8,000 tons daily. ‘The Hollinger is building its own hydroâ€"electric power plant on the Abitibi River. This plant will have a capacity of 15,000 to 20,000; ‘‘hooste1 North L (|lli!‘(‘.~‘, i8 on the w ies oT tlils part ol the special delegations, and ors also helped to spre: knowledge of the Pore outside world. ‘Theâ€" 9 wellâ€"informed attitude Ontario Government has material value, the Prej Minister of Mines lhei year hcity Nort ute membsers to Porcu vent of great importan rict and did much to wid edge cof the resources : woâ€"inâ€"OUné Camp o1 American Gold Mines i ~vÂ¥Aaiue, ‘the. Premier and r of â€" Mines: lheing especi ers‘‘ of the right type for Land. All the Porecupine s to be well known to hbe way to fuall succeess. Hollinge rith aits n \me iven to the the Ameri is main property wituain lity of Timmins, holds place among the three mines of the world. pletion of the plans now O Â¥0) ie e Urand anmoth, Hawk Pi Better Known ‘es and poss1IDiN he North. Othe ind private visit spread intellizen oreupine to th e ~â€" friendlvy_ an reupink Svndica reupit Nmm it 11 the new so ‘been of r and the especially pe for the 1e KnNnow ossithili P )A we The Dome (Mines property is in Tisâ€" dale Township, and this mine is one of theâ€"three big leaders in production. In 1910 when the company was inâ€" corporated some 240 acres were taicâ€" en over, and in 1920 the Dome Extenâ€" sion was added to the holdings, makâ€" ing 440 acres of highly mineralized land in a (block. There was a time in its early days when the Dome was looked upon as a *+lowâ€"grade"‘ proâ€" position, with immense tonnage as its hope. There is no reason for quesâ€" tioning the lange tonnage, but toâ€"day the Dome is running the highest millâ€" heads in the Camp, the ore averaging over $11.00 in gold to the ton. ‘The main shaft is down 1,650 feet with working levels every 150 feet and many miles of lateral development work. At the 800â€"ft. level spectacnâ€" lar highâ€"grade was uncovered and at deeper workings still higher values were obtained, much of the ore runâ€" ning as high as $20.00 per ton in gold. This year the Dome will produce (Continued on Next Page) Idl Vaine being $2,391(,303,00,.â€" The mill is handling now about 1,000 tons every twentyâ€"four hours. Nearly 600 men are on the payroll. ‘The estiâ€" mated ore reserves as at June 30, 1923, were 858,504 tons of an average value of $9.92, total value $8,014,800,â€" 00. The main shaft is down 2,50(1 feet, and particularly favourable reâ€" sults have been achieved by the Mcâ€" Intyre in mining at depth. The Mcâ€" Intyre owns or has under option: about 630 acres.â€" To October 31st, this year, the Melntyre had paid $3,~ 640,284.00 in dividends. o THE DOME B7 .00 ore wC of $101,555.00 40,615 tors THE MCINTYRE Moedntvreâ€"Porenmnmimn now the M lil e treated, the 7,303.00.â€" The out 1,000 tons s,. Nearly 600 oll. ‘The estiâ€" at June 30. in aver making In th M ve ol