50 YEARS AGO (May 01, 1992)

VIOLA MACMILLAN HITS A HOMER

A proposal by Mrs. George A. MacMillan, secretary of the Ontario Prospectors’ and Developers’ Association, to offer tax exemptions to corporations and individuals contributing to prospecting syndicates has been adopted by the dominion government and will be incorporated in the forthcoming budget. Mrs. MacMillan literally scored a home run with the bases full, when in little more than a week she succeeded in having the government accept the measure.

MINING INDUSTRY NEEDS OTTAWA’S HELP

As The Northern Miner has said time and time again, the impedimenta which have been hung upon the mining industry will have to be removed if we are to have any progress in the future, any orebodies to replace those being so swiftly exhausted by the war’s terrifying demand for base metals, and any new mines to give employment for a portion of the million Canadians who will need jobs when the war plants close and when uniforms are discarded. We have urged that the mining industry be made the subject of official investigation so that wholesale remedies — instead of retail palliatives — may be administered before health is lost.

RULE OF THUMB FOR TUNGSTEN

A rule of thumb for evaluating the tungsten content of a vein was suggested by Dr. A. W. Joliffe at last week’s prospectors’ classes. It is simply this: if in an exposed vein surface you have one square inch of tungsten mineral for each square foot of vein material, then you have a vein carrying about $20 per ton tungsten.

WARTIME EFFORT DELAYS CRUSHER

Nordberg Manufacturing Co., manufacturers of the Symons cone crusher, advise that the crusher on order from MacLeod-Cockshutt Gold Mines was not denied or requisitioned for other purposes by the United States government. The reason for the delay in delivery is simply because the company has been called upon to fill so many high-priority orders for urgently needed essential equipment for the war effort.

STOCK MARKET IN DECLINE

The mining market this week continued its slow parade downhill. Seventeen new lows were recorded, mostly in the gold stocks, but it was a mixed sort of week. Early in the period, both gold and base metal indices were up almost a point from the very low levels recorded Tuesday of last week.

MATACHEWAN CONSOLIDATED INCREASES EARNINGS

Matachewan Consolidated Mines milled 59,329 tons of ore in the first quarter of the current year, as against 48,119 tons in the corresponding period of 1941. Net income from metals produced was $204,134, compared with $191,604 in the earlier period.

BRALORNE FUTURE LOOKS ROSY

With all major development programs well ahead of mining operations, proven ore reserves sufficient to carry on present-scale operations for five years and indicated ore for many more, Bralorne Mines Ltd. is as well situated as a gold mine can be under present conditions.

The only exception is powder, which is rationed by government regulation.

Reprinted from The Northern Miner, 1942