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"v..ut EIGHTEEN : THE OSHAWA DAILY TIMES, SATURDAY, MA) 1c, ... - ------ -------------- Auguring Well for Future Quebec Mines Progress Favorabl NORTH WESTERN QUEBEC MAKES SOLID EXPANSION DURING 1927 PERIOD Noranda Smelter Turns Out First Batch of Blister Copper-- © Amulet and Abana Stand Out as Outstanding Mine Developments of Ore For Year--80 Miles North of Rouyn is Section Lying North of Trans-Continental Railway, Near Ontario Boundary, That Has One Large Mine Proved and Attractive Properties Coming Along. While North Western Quebec de- velopments during 1927 have not been what might be termed spectacular, vet the solid expansion that has taken . place, has advanced the camp very materially. By the time this article is published Noranda Smelter will have turned out its first batch of blis- ter copper. This is a real step for- ward and providing as it does a mar- ket for the ores of the district, makes it possible for numerous other con- cerns to drive their operations for- ward to production, \ It is frequently said, and written, by illsinformed persons, that the Rouyn country is only a two or three mine camp. Sb already has four large proved mines, with several others that have showings of high grade ore and indications of a ma- terial tonnage. There are numerous other attractive ventures that are blessed with ideal geology and any day some of these may cut into the elusive bodies of chalcopyrite * that would put them in the indicated mine class. Then about 50 miles north of Rouyn is a section lying north of the Trans. continental Railway and up against the Ontario boundary, that has one large mine proved and very attractive prospects coming along. This secs tion will likely ship concentrates to the Noranda-smelter, Amulet and Abana stand out as the outstanding mine developments of the area for the year, hey have both proven large deposits during the year, Equal- ly outstanding in a mining way has been the proving of a body of high grade copper po 1,200 feet on the Aldermac property, now controlled by Noranda. : Volume of Publicity Despite these spectacular results for the year, there are some who are disappointed with the year's showing. This is undoubtedly due to the fact that perhaps no mining camp in Can- ada has received such a volume of favourable publicity. This has held true almost since the initial prospec- us rush into the area in August, 22. They were looking for gold and we real nature of the district as a E------ ---- = gold-copper-zine field was not realized until 1924, and it was not until 1925 that really intensive development be- gan. In 1926 probably well over one hundred companies, and syndicates were working in the townships of Rouyn, Boischatel, Dupart, Dufres- noy and Clericy. Like most mining areas, the dis- trict has passed through a good many vicissitudes, and a number of people will tell you how near the Horen 'came to being missed. Generally it is de- tailed as an argument to the state- ment that, there are many more mines to be discovered in the area. This is probably the case; but the passage of time, and the positions of the major discoveries, seems to have narrowed the possible field down considerably. The five main townships of the camp cover, approximately, five hun- dred square miles in flat and low-ly- ing, muskeg, and heavy bush and is difficult district to prospect. Even in places where the underlying rocks outcrop. Keewatin Series The greater part of the rocks of the five townships are Keewatin ser- ies, though these are overlain hy Temiskaming sediments in southern Rouyn and Boischatel, These latter were, for a while, supposed to be the chief mineralized rocks of the area, The prospectors tackled these first. The deposits of sulphides are found in the Keewatin to the north, General Geology may be described as Keewatin with granite intrusions and cut by later diabase dikes, The origin of the discovered ore bodies has not been satisfactorily established nor their relationship to the Keewatin flows or the later intru- sions. The major discoveries made to date are all near the later granite in- trusions, and while some say that the granite is responsible for the copper replacement deposits, others disagree. The reason for putting such import ance on the granite by some is the fact that the major discoveries in the camp have been made close to the granite North of deposition, paid for, SENECA-LEBEL GOLD MINES LIMITED Located Only One Claim HE. Seneca-Lebel owns eight claims or about 320 acres in the eastern section of the Kirkland Lake Gold Area, and north-east of the Lebel-Oro; Cambro-Kirkland; Bidgood; Gordon-Lebel; Moffatt. Hall; Kirkland-Gold Belt; Pawnees Kirkland and Conroyal, - A large amount of surface work has been done on the Seneca-Lebel property and free gold was dis. covered on. the eastern claims and good surface values secured on the western part of the property, The geological formation and minerali- zation is good and favorable to gold The Seneca-lLebel expects to make a public offering of a small block of this stock in the very near future at a very attractive price, Any. person desiring information in regard to same, please fill in the following coupon, and mail same to the Company. Capital stock $2,000,000.00. Treasury shares 1,100,000 par $1.00. Property all 3 the BIDGOOD SENECA-LEBEL GOLD MINES, LTD., Gentlemen: ---- Street suse smsssnsnss City 115 Sun Life Bldg., Toronto, Ont, Without obligating myself I would be glad to receive further informa- tion in regard to your Company. Name ,ussossonsssssssssssssnes JONES-PORTER ~--1S3UE SHARES Public Has Opportunity to Invest in a Promising Enterprise -- With the issue of 50,000 treas- ury shares of stock in Jones-Port- er Mines, Limited, the public is being given an opportunity to in- vest in a very promising mining enterprise. This company has already pass- ed the prospecting stage, Work has been going on for two and one-half years, and over $100,000 has been spent in trenching, dig- ging test pits, and setting up of buildings and machinery. 'The property owned by the cotu- pany comprises 600 acres in De- loro township, in the Porcupine mining area. The mine is nine miles from the town of Timmaus, Over 5,000 feet of surface trench- ing has been done, and several very promising mineral veins have been uncovered, showing both vis- ible gold and pay ore. After sink- ing a numbar of test pits, the shoft was finally located at the in- tersection of two rich veins, A shafthouse has been built and machinery installed capable ot sinking a shaft 1,000 feet in depth, All necessary buildings, lifting quarters, stable and shops have been erected, There is abundant timber on the property for all mine raguirements and fuel - purposes. Wells and nearby lakes provide an ample supply of water. Storage tanks have been provided for fire pro- tection. Many very promising assays of ore from test workings have been made, Ope shipment of ore sant to government laboratories gave a return of $65 per ton. An assay ol five samples secured near the shaft gave an average of $134.24, one sample showing $264 and another $171, Averages from two otaer veins showed $65.40 and $106.20, These results fully justify the confidence of the company's pro- moters, The returns from the present issuse of 650,000 shares, to be old at 50 cents a share, will be used to meet the expense of sinking the shaft, CONIAURUM HEN General Manager, F, D. Reid, informed the stock- holders of Coniaurum Mines, Ltd., in the 1927 Annual Report, that a 500-ton ore crushing plant and mill is now being erected, and is expected to be completed in June, 1998, he definitely heralded the carly entrance of another gold mine into the ranks of the regular Porcupine producers. Judging from the satisfactory man- ner in which the Coniaurum is re- ported to be opening up at depth, there are grounds for looking for- ward to the time when this enterprise will establish a very substantial pro- duction rate. With its main shaft having been sunk to a depth at 2,111 feet, lateral operations have heen under way on the two deep levels, namely, the 11,750 and the 2010, Concerning the | results being encountered in these horizons, one well-known Northern source has the following to say: "Lateral work an the 2,000-ft. level of Coniaurum is meeting with results quite as favorable as those on the 1,500 and upper levels of the mine, according to reliable reports from Porcupine. "Cross cutting on the 1,750 and 2,000-ft. levels has advanced south from the shaft into close proximity with No. 7 Vein where ore is re- liably reported to have been encoun- tered. Thesvalues and width are said to be equally as good and in some nlaces better than those on the 1,500- | it. level where results were the best in the mine. "It may be confidently predicted that by the time the new mill cperating, some time in June, a sub- stantial tonnage of ore will be avail- able on the two bottom levels." Coniaurum stock, representing a coming producer, presently valued around the $5 mark, is surrounded by several attractive features. ONE LESSON EARNED (Detroit News) Experiments in Germany had discovered the effectiveness of the plane, and, before its start at Dub- lin, the Bremen 'was swabbed down with paraffin oil," *"Al- thought we flew through thick ice sleet and snow for a considerable time," reports Maj. Fitzmaurice, "no ice formed on the wings," So thet, in a positive way, is 2 valu. able contribution to tranms-atlantic air navigation, WHO WOULDN'T (From the New York Evening World) The best Scotch gag I've heard 'ecently is Ed. Wynne's line which he overheard at the Caledonian Club: "I'd give a thousand dollars to be a millionaire." Making It Up At the end of the railway jour. ney one of the card players who had been badly hit had an anx- ious time trying to dig out his loss- es. He felt in all his pockets and at the finish said to his creditor, "I'm awfully sorry. I owe you a pound. I've only got 19s 114." "Oh. we'll not quarrel about a penny." said the other. *Give me your evening. paper and I will call it square." MINERAL WEALTH 15 AID T0 FUTURE OF THIS COUNTRY . (Continued from Page 17) tralia and many American states of which California 1s an example, Elsewhere, it is the dawn of an advanced period of natiomal pros- perity and it is now bringing prosperity to Canada. Canada's Production The acid test of any line of en- terprise is dividends. The Canadian gold mines, in the pre-Cambrian Shield, although just started in ill production have paid $70,000, 00 in dividends; silver mines, $100,000,000 in dividends mnickel- copper mines, $100,000,000, in dividends, Four of these mines are paying more dividends at their present rate than all the chartered banks n Canada together. These are International Nickel, Mond Nickel, Lake Shore and Hollinger, Last yeyar Canada produced $241,000,- 000 of mineral products and pro- cessed them into a billion dollars of articles. The frontier has back in Northern Ontario and northern Quebec and, year by year, a "no wan's land' has been peopled, Now the frontier has been attacked on the left wing of the pre-Cambrian, north of the Hudson day line, in the Flin Flon Sherritt- Gordon section, where eighty miles back from the steel, byt with a rail- way now under construction, more ore (valued at more than §300,- 000,000) has been blocked out than was mined at the world famous cobalt camp in twenty-five years. Ihe ndt far distant future will see che right wing of the Pre-Cambrian north of Rouyn pushed out into Chibougamau country, where rich copper-gold ore deposition has heen discovered, Canadian vision held the control of Congolidated Smel- ters, Hollinger, Mcintyre, Lake shore, and Loo many others Lo name here, in Canada. Canadian vision Is bringing back to Canada the control of Intersational Nickel, Mining Corporaton, Wright Har greaves and others, Canaaian fin- anciers now have control of the steel industry in Iastern and in Central Canada, and with Canada producing 90 per cent, of the nickel of the world, higher grades ot nickel steel may be expected and Bessemer furnaces discarded for open hearths, Canada also controls the asbestos; and the aluminum ot the world wiil be manufactured in the Lake St, John area, Quebec, Backed by a record on every page of which is progress, mineral de- velopment in Canada has a tre- mendous future on account of the cxtreme richness of her ores, un- paralleled today throughout the world. That fact is what is causing interest now to run at such a high pitch; and it has only started. Nowhere Is Canadfan initiative so prominently in the forefront today ag in the development of Northern Ontario, Northern Quebec and Northern Manitoba in the pre-Cam- brian Shield, Resources develop- ment across the North Country is binding Eastern and Western Can- ada together as nothing else can, The North Country is not 5 per cent, developed, One has to be & big Canadian to picture what 100 per cent, development is going to mean in pation building, " Although mining is to a very great extent speculative yet a num- ber of mines have developed large reserves of known ore hodies sut- licient for future operations for » number of years and with fairly certain possibilities of further iu- creasing their reserves, Climatic Cond tions No small part ol Lhe success of Northern mining is that it is un- affected by climatic conditiou:, such as affect agriculture, Mincis been pushed winter unaffected by the cold above. With three working shilis per day, twelve months of the year, the three thousand men working underground at Hollinger dally are able to keep the flour barrel full in the corner of the kitchen, United States' industries prove no magnet to draw the mining men over the border, Granting the census of the three Prairie Provinces to be cor- rect, for it has not been disputed, in stating a population increase averaged over the past five years of only 22,5600 per year; notwith- standing expensive immigration, does any one conversant with the facts believe the North Country from the Prairies to Lake St. John is gaining less? Nor can one article encompass the future growth of British Columbia mining or the mineral possibilities of Eastern Canada, of the liquefaction and consequent cheaper transportation of coal. No one industry and no one kind of grain crop ever throughout his- tory made a nation rich and pros- perousp Is it not the diversification of industries and the development of latent resources, such as Con- solidated Smelters are doing west of the Prairies, together with oil pro- duction radiating out from the Tur- ner Valley, on northward through coal areas to the salt and bitumin- ous sands of Fort MacMurray and westward away to the Finlay, that 15 required to provide a home mar- ket for the Prairie Provinces, where in the last fifteen years the production of butter alone has in- creased to 850 per cent? Is it not, after all, a policy of "Invest to Build Canumada" basically level through sound economic methods work comfortably underground in McINTYRE, With its heaviest, contingent ex- penditured for current underground ex behind it, now that the big No. 11 shaft has been sunk to a depth of 4,150 fec: at an estimat~ ed cost of some $2,000,000, Meln- tre Parcublie Mine, Ltd. h o as & very faver- ahle financial posits , leading © the expectation that some interest- ing announcements regarding the future of the Company préb. ably will be forthcoming at the next annual meeting which is ex- pected to be held in June. Based on the present capitaliza- par value of $5 each, authorit have calculated that McIntyre .t present is earning about double its terly, equivalent to $1 a share an- tually, It has been figured that the net earnings now are running: prob. ably at the rate of approximately $1,660,000 a year. penditures incidental to the expan sion program, the Company has been able to accumulate a very substantial cash surplus, which, so it 1s estimated, p "ably appr i mated $4,000,000 at the close of the fiscal year on March 31st, 1928, As a result of ¢his strang finan cial conditicn, it is anticipated thal the stockholders eventually may share in other lucrative rewards, and there has been some talk of @ possible split in the stock, or, may- be, the offering of "rights" of some kind to the shareholders. It is be. lieved that the officials, in due time, will want to give considera tio nto mill enlargements, and they might desiro to accomplish this through some form of financing, al though nuthing definite has been stated officially regarding this mat- ter, At any rate, McIntyre is strongly entrenched and the stock is entitled to a high rating, TECK-HUGHES During March, The Teck-Iughes Gold Mines, Ltd, maintained {ts leadership, in the Kirkldnd Lake Group, as the biggest producer in the district according to statistics published by the Department of Mines, Inasmuch as Teck-Hughes Is regarded as not having, as yet, reached the end of its expansion program, the consensus of opinion is that this flourishing enterprise will continue' to rank among the top-notchers of the district for some time to come, The remarkable width of the bonanza ore deposits in the Teck- Hughes Mines are persisting along the lower horizons, According to ' dividend rate of 5 per cent gquar-|| Notwithstanding the heavy ex-|| well-informed in » the high grade orebody, previously encoun- tered on the 13th level, has been proved to extend downward to the 19th level, the lowest working horizon thus far opened. It is said to be showing exceptionally strong at this low horizon, One recently publiched aceount credits this deep-seated deposit with being from 60 to 70 feet wide on the 19th, and carrying ore of a similar character to that opened on the 13th, Add to the foregoing splendid - ° physical condition of the mines, the ton of only 800,000 shares, with |. prosperous state of ¢- .pany affairs, as reflected in: the rising earning power and one gains an impression of the Teck-Hughes as belng 4 very solid mining enterprise with a long and profitable productive career apparently ahead a it, dur ing which the stockholaers reason- ably may anticipate more substan tial rewards in the form of more lucrative dividends. In the light of these facts, the sustained market strength of the stock, currently quoted around $9.40 a share, may be adjudged as fully warranted. FA Ww Chipman, Hogg & Company Members Standard Stock and Mining Exchange 317-8 Dominion Bank Building (King and Yonge Sts, J. H, CHIPMAN Jones-Porter Mines Limited (No personal liability) An Active Development in the PORCUPINE GOL AREA Over $100,000 private capital expended during past 2); years on exploration and development work at the mine, h | SENT FREE Our 12-page Booklet with colored Map and Engineer's Report USE THIS COUPON | JONES-PORTER MINES LTD, | | | 1 4 i | L sasnsrsnns SRRARARARARRRRRRSRRRSSS sarpsne 169 Yonge Street, Toronto, Ont. Please send me a copy of your New 12-page | Descriptive Booklet with colored map. cL PICKING A JURY 4 (Kitchener Record) Three grocers, one steamfitter, one repair man, one auto salesman, two clerks, one merchant, one ex- Pressman, one broker, and one rail- Way agent constituted the jury in the Sinclair trial. And it worked all right--for Sinelatr. rr ---- There fs this difference: Boys learn to smoke whem nobody is watching. Girls want somebody to watch.--Quebec Chronicle-Tele- graph. Y Toronto, Ontario E endeavor to give authentic advice on the producing and de- veloping mining com. panies o. Canada which offer the investor . at- tractive opportunities foi judicious investment as well as profitable speculation, AL HHH || HEI W. F. HOGG | 1 1 i | | 0 T0000 Ww Se -- ih he TE EE TP PAR EE PYRE TE PERERA Ree Eres vee