Queries No, Handley does not have a mine

I would like some information with regard to some shares I own in Handley-Gerlach Mines. They were given to me by my brother-in-law in his will and I would like to find out if: the shares are any good; where the mine is located; Is it still in production; Who owns it or is working it; and if I can go and see it? B. F. F., North Bay, Ont. Sorry, but there is no Handley- Gerlach mine, nor was there ever an operating mine owned by Handley-Gerlach Mines.

But there is a 160-acre property that has been kept in good standing by the company’s successor, Kimo Gold Mines. Although it is still in the grassroots stage of exploration it could concievably become a mine some day. From what we can gather, a number of mineralized showings have been discovered on the 5-claim property which carry some anomalous gold values, but nothing terribly exciting has been found as yet.

The property is located in Chamberlain Twp.,Ont., near the town of Englehart.

The most recent exploration work was done in 1985. It consisted of magnetic and vlf surveys designed to locate anomalous areas of mineralization. Grant Harper, a Toronto-based consulting geologist who was involved in that work says the surveys located some “interesting anomalies” that require follow-up work to identify. To his knowledge that work has not been done.

In 1960, Handley-Gerlach underwent a reorganization in which one share in the new company was issued in exchange for five Handley-Gerlach shares. The company changed its name in the process to Kimo Gold Mines.

Aubrey Pettit, the company’s secretary says there is a possibility someone may wish to buy Kimo as a corporate shell, so although your shares are of no value today, we recommend you hold onto the certificate since you have nothing to lose by keeping it.