Description: MOTHER LODE COALITION MINES CO. ALASKA, Stock with nice mining vignette printed by American Bank Note. Please specify color. Offices: 120 Broadway. New York, and Kcniu'cott. Alaska. Officers: Charles Earle. chairman of hoard of directors: John K. Mac- G'lxvan. pres.; Judd Stewart, v. p.; C. T. Ulrich, sec., and F. W. Hills, treas. Inc. Apr. 17. 1919, in Delaware. Cap. 2.500,000 shares of no par value. of which Kennecott Copper Corporation interests receive 1,275,000, equal to 51% and Mother Lode Copper Mines Co., 1,225,000, or 49%. The directors consists of 4 and 3. respectively, from these companies. Shares exchanged on basis of 1 ($10 par value) of Mother Lode Copper Mines for 1.63 in the Coalition Co. The Coalition Co. paid off the Mother Lode Copper Mines Co.'s $500,000 bonds, and provides working capital not exceeding $1,000,000, to develop the property on a large scale. The Coalition Co. has a contract with the Kennecott Copper Corporation for the treatment of its ores, and is to have the benefit of the same milling, smelting, refining, freight and selling charges enjoyed by the Kennecott (upper Corporation. The property owned by the Mother Lode Copper Mines Co. was deeded May 20, 1919, to Mother Lode Coalition Mines. Property: 83 lode and placer claims, about 1,640 acres, including the Smith-Haglund Sail group, adjoins the Bonanza Mine of the Kennecott Copper Corporation, in the Copper River district. The Houghton-Alaska Exploration Co.'s property to the east and adjoining the Jumbo mine of the Kennecott Corporation was acquired in Nov., 1916. It consists of 12 lode and 1 Association placer mining claims. Geology: conditions at this property, according to Herman Keller, are similar to those at Bonanza mines. The base of the mountain is formed of Hiiiygdaloidal basalt, highly altered and called the Nicolai greenstone. This is covered by thick beds of Chitina limestone, dipping north. The ore-shoots occur in the limestone, and exploration has shown that contrary to general belief, the ore does not occur along the greenstone contact, but in a favorable bed 90' above it, and then only in connection with the Bonanza fault, or shear-zone. This shear-zone. 20 to 24' wide, cuts both greenstone and limestone and the ore is found in chimneys, and as irregular bunchy masses along the zone and as impregnations in the limestone walls. The ore consists of nearly pure glance with minor and unimportant amounts of covellite and very little malachite, etc. Principal copper mineral is chalcocite. Like the Bonanza ore, it carries gold and silver. Development: Nov. 24. 1918. consisted of 12.789 ft. of tunnels, shafts, crosscuts, raises, etc. A 1,400-ft. tunnel has been driven to connect the Mother Lode and Kennecott workings. Electric locomotives are used on this level to haul ore to the Kennecott tramway. Property has been fully and favorably reported on by Herman A. Keller. Arthur W. Jenks. and Alan M. Bateman, and is a prospect of merit. Under the nc\v arrangement profits and costs should be satisfactory. Antique Original Vintage Stock Certificate - please see my other listings as i will be selling many hundreds of wonderful stocks and bonds and Autographed Letters Stocks and other Documents - from an Old Time Collection over the next year - thanks
Price: 265 USD
Location: Lake Monroe, Florida
End Time: 2024-12-19T17:07:38.000Z
Shipping Cost: 4.95 USD
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Restocking Fee: No
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 14 Days
Refund will be given as: Money Back
