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IX)

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IMHi

\iL III 1.6

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WIBSTIR.N.Y. MS80

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/.»■

PROSPECTUS

GOLD NINING CO..

LIMITED.

#V'

m^p^

OM»

MINES and OFFICES :

Rgssland. British Columbia.

1896.

R E LEE

Gold Mining Co*, Ltd.

Registered under the laws of British Ci.himbia.

OPRRATINr. THE TwO CLAIMS

R^ E. Lee and Maid of Erin.

The Combined area of the Claims being
about 80 acres.

Capital,

$2,000,000,

In Shares of One Dollar Each, issued as Fully Paid

and Non-Assessable, of which 500,000 have

been set aside for development.

BOARD OF DIRF ORS :

The Hon. JUDGE SPINKS, /ernon, B.C.,

President.
S. F. McKINNOX, Toronto,
Vice-President.
W. G. JOHNSOX, London, Enj.^
W. T. STUA^IT. M.D.. Toronto.
. K. HAMILTON, Barrister, Rossland, B.C.
H. WALLBRIDGE, Barrister, Toronto.

Secretary- Treasurer :
D. M. LINXARD, Rossland, B.C.

k« \t

SITUATION OF THE HINES.

The mines which now surround the Town
of Rossland, in British Columbia, are situ-
ated on two zones known as the South Belt
and the North Belt, which run a parallel
course east and west. The North Belt is the
best known, as there has been more develop-
ment on it than on the South Belt, but the
latter has come into active prominence during-
the present year on account o^ the richness
of the finds having demonstrated its great
mineral value.

The'*R. E.Lee "and'' Maidof Erin "claims
are on the South Belt, and are two of the best
known claims in the district. They were
originally located on account of the strencrth
of the vein which runs througfh them, and
which can be traced to the Homestake in the
one direction and to the Crown Point in the
other. Besides this vein, which is well de-
fined and runs through both oronertiVs. fhpre

IS another parallel vein which also passes
through the claims.

The early prospectors preferred the South
Belt to the North Belt, the first claim staked
out was on the former, and opinion is rapidly
forming that it is merely a question of in-
creased development to make it fully equal in
value to the latter.

/■I

DEVELOPMENT.

The work on the " R. E. Lee" comprises
a shaft about 40 feet down on the south
vein carrying from ten inches to two feet
of a high grade of ore. There is an open
cut on this vein of about twenty-five feet
in length which shows the vein to be at
least that width with ore intermingled
through it. When the Kootenay & Western
Railway was being constructed, this vein
was cut by the track showing ledge matter
for over 40 feet with seams of ore. On the
main vein there is a surface cross cut of 35
feet and about 15 feet deep, all of which is

in ledge and vein matter and ore. A drift
run on the ledge from the deepest part
of this cut for 35 feet shows a continuous
body of ore all the way. An experimental
shipment of ore although taken from a
position close to the surface, nevertheless
paid more than all the expenses of mining,
transportation and treatment. At this point
the vein has been uncovered on the surface
for about loo feet, showing a strong well-
defined out-crop of good ore and ledge
matter. The same vein has been uncovered
and proved about 800 feet east of these
workings.

On the ''Maid of Erin " there has been a
working Miaft sunk 63 feet, which is in
ore all the way to the bottom. The shaft
is about five feet by seven and the clear
of the ledge is wider. At the bottom of this
shaft there is two feet of clean ore. At the
50 foot level in this shaft a drift was run on
the vein to the east which shows ore all
the way. At one point three feet of clean

ore can be seen. This vein can be traced
to the extreme east end of the claim.
The work done is still insufticient to disclose
the full size of the main vein as the hanging
wall only has been found. This is also the
case on the R. K. I^ee.

These two claims have always been held
in hi^Hi esteem, and were in fact ori^nnally
bonded for a lar^^er sum than any claim on
the South Belt. Both claims are mentioned
with approval on paj^-e 30 of the Report on
the Rossland District by Mr. William A.
Carlyle, Mineralogist to the Government of
British Columbia, and in every review of the
camp made by minint( experts the two claims
have been spoken of in high terms.

Many quotations might be given from the
local press noting the approval of those
qualified by experience to give an opinion on
the great value ot the two claims.

HACHINERY.

The necessary machinery has been ordered
to commence the active development of
the mines which amongst other things in-
cludes a five drill compressor plant, hoistinjf
and pumping machinery, with engine and
boiler of sufficient size to supply ample
power.

The houses are already erected for its
reception and it is expected that the work-
ings will be in active operation within the
next few weeks.

I ,

TRANSPORTATION.

The Columbia & Western Railroad from
Rossland to Trail passes over the claims,
and the Red Mountain Railroad from Ross-
land to Northport will be open for traffic
within a few weeks, which will ensure com-
munication with all the railroad systems of
the United States.

SHARES.

The Company enters into possession of the
property free from any debt or liability of any
kind. The Bonds were paid off on the loth

October. ^

Complete surveys have been made of the
claims and application for a Certificate was
made to the Government at Victoria, B. C,
on the 7th September last which will shortly
be received, when the properties will be held
and operated under a Crown Grant from
the Government.

The proceeds of the shares now offered for
sale will be applied to the development of
the mine. The rest of the shares are pooled,
and will not be offered for sale until the de-
velopment fund has become ample to place
the mine on a shipping basis.

8535^^8(1^

PROSPECTUS

OP. THE

R. L- JLaEC

GOLD niNiNG CO.,

LIMITED.

1 I

MINES and

:i^

1896.

•I,

).,