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The Seine River district is fast coming to the front and is now being regarded
as the richest gold bearing section on the continent. Within a radius of
ten miles from Mine Centre over one hundred locations have been found and
some seven mines are either running stamp mills or installing them. Before
snow falls there will be at least one hundred and seventeen stamps falling
in this district and which will be supplemented next spring. A number of
mining men and capitalists have recently been through looking up properties
which is a pretty sure indication of which way the money blows. The HERALD
is also in receipt of numerous inquiries as to the chances for investment
so that things are looking exceedingly bright despite despite the Spanish-American
war.
Supt. Watson, of the Standard Mining and Developing company has left on
a visit to Minneapolis. He carried with him some rich specimens of gold
quartz. Mr.Watson says the main shaft is now down eighty feet in very rich
ore and that drifting has now commenced. It is the company's intention to
at once put in an air compressor plant and erect a 20-stamp mill. Recent
assays of the ore show up very rich so much so that Mr. Beebe, the manager,
says they would not exchange it for any property they know of. A large force
of men are kept steadily employed and if the occasion demands it a night
gang will be put on.
The "Alice A" mine owned by Superior capitalists is proving herself
a regular "Homestake" mine. The sinking on the main shaft still
continues and shows up a large body of ore. Preparations are being made
for the installing of a complete air compressor plant and the erection of
a 30-stamp mill.
The Olive mine is installing their new compressor plant and putting in the
foundation for the new stamp mill, the machinery of which is now on the
way from the Rand Drill Company, Montreal. The present stamp mill is busily
pounding out the gold which keeps up its good record. This mine is a little
wonder and when the full battery of 30 stamps gets working just watch the
gold bricks.
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