The Canadian correspondent of the Financial and Mining Record, published in New York, referring to gold properties in Ontario writes as follows in the October number :
The syndicate represented by Mr. J. M. Clark are sinking a 100-foot shaft with two drifts on their gold location in Fairbank. They have traced and stripped a vein along the top of a bluff for nearly 600 feet, then down the face of the bluff nearly 100 feet. Near the base of this bluff a quantity of gold ore was blasted and crushed, the result averaging $15 to the ton. The vein is between four and five feet wide. According to the opinion of a Chicago expert ore of the character here found can be reduced for $3 per ton. Gold has thus far been traced across part of Creighton, all of Fairbank and into Trill township, a length of about twelve miles. The Fairbank Consolidated Mining Company with a capital stock of $500,000 owns 1,150 acres in the townships of Fairbank, Creighton and Trill in the Sudbury district. Toronto gentlemen are the officers of the company, including Messrs. Henry Lowndes, O. A. Howland., J. L. Nichols and others. The company have opened up three different veins and are awaiting the result of the milling test. One assay of a piece of surface ore showed 822 of gold to the ton. The veins are very promising on or near the surface. I am informed that the company is about to dispose of a section of its property to an American syndicate.
A correspondent of the Toronto Globe writes from the Sudbury district as follows :
A number of men have been engaged cutting roads for taking provisions, lumber, etc., from the railway to the mineral properties in Trill, Fairbank and Creighton. A mining expert who has been investigating the districts in the vicinity of Vermilion and Gordon lakes, and who has had extensive experience in the mines of the United States and Mexico, states that several of the quartz veins in the township of Fairbank very strongly resemble the Homestake mines of the famous Black Hills country.
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Homestake mines in Black Hills country ?
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