|
History - Chapter 18
During the boom
period, extensive prospecting was carried on throughout the district, and many
hundreds of mineral locations were made. Among these were the original Premier
claims staked by “Scotty” Dilworth, Wm. Bunting, Wm. Logan and J. D.
Morrison, in which an interest was obtained by O. B. Bush and the Salmon River
Mining Co. Ltd. Was formed.
In 1914 the property was obtained by the Dominion Exploration Company and
some work was done with little apparent success. Shortly afterwards H. R.
Plate bonded the claims on behalf of New York interest, who spent in the
neighborhood of $60,000, mostly in underground work, but this failed to
disclose commercial ore bodies.. It is said , however, that Plate had great
faith in the property, and had greater support been given him, the discovery
of the first high-grade ore body would have been made then. The work stopped
in 1915 and the following year Pat Daly, who had worked on the property with
different owners, interested R. K. Neill, who spent considerable time on the
claims and took many samples. These on assay, proved too low grade to interest
the backer, Mr. Bacon, who withdrew from the enterprise. Some time later Neill
succeeded in getting Trites, Woods, and Wilson, of Fernie, to join him and
work was started again with the result that a crosscut, driven under Neill’s
direction, opened up bonanza ore, which soon brought that property into
prominence.
Development work on the mine was carried on energetically and. In spite of
many difficulties a road was built. Some 500 tons of ore was shipped, yielding
in the neighborhood of $175,000. This initial success stimulated activities in
the project by the American Smelting and Refining Company for a million
dollars, and the Premier Gold Mining Co. Ltd. Was incorporated in 1919.
Since then the history of the mine has been one of steady advancement and
the property is known through out the mining world as a noteworthy success, it’s
production to date being about $47,500,000 with $18,358,074.69 paid in
dividends.
Recently the property was amalgamated with B. C. Silver and Sebakwa and the
name changed to Premier Gold Mines Ltd.
This concludes a phase in history of Stewart and the Portland Canal
covering a period of some thirty odd years.
|