Show BRITISH COLUMBIA A lease and bond on the queen mine the first producing property of the sheep creek gold district of the slocan country has just been secured by C H cassill of spokane wash mr cassill has also secured control of the ore hill group of mining claims on mount vernon slocan district he plans the incorporation of the queen ore hill mines company with an authorized capital stock of the mine is equipped with a stamp mill and the property is said to have produced a total of in gold since it was first opened not a mill is running in the slocan district nor is there likely to be until the cost of operation adjusts itself to a 60 cent silver price said earl hyde a veteran mining man a recent visitor at spokane wash last spring I 1 was operating the anna one of the most promising properties in the slocan district at for silver then suddenly it dropped to 1 and then to 60 cents which made it impossible to continue the purchase As if the price recession were not enough there was the approximately 20 per cent discount on CL canadian nadian money 40 per cent increase in american freight rates and also an increase in smelter charges at the midvale plant and to make matters worse the smelter does not want ores but those with a basic excess instead I 1 look for a revival of interest in gold production there are a good many properties in this district and in idaho that have been overlooked in the last few years and these will probably take on new life |