All about the Klondyke gold minesKnox, J. Armoy (John Armoy)
History
All about the Klondyke gold mines
Knox, J. Armoy (John Armoy)
Klondike River Valley (Yukon) -- Gold discoveries
"Of course, we may be wrong, but this is the way we are figuring, and we
are so certain that what we say is true that we would not sell out for a
million. In our judgment, based on close figuring, there are in the two
claims we worked, and Claims No. 53 and No. 54, $1,000 to the lineal
foot. I say that in four claims, we have at the very least $2,000,000,
which can be taken out without any great work.
"I want to say that I believe there is gold in every creek in Alaska.
Certainly on the Klondyke the claims are not spotted. One seems to be as
good as another. It's gold, gold, gold all over. It's yards wide and
yards deep. I say so, because I have been there and have the gold to
show for it. All you have to do is to run a hole down, and there you
find plenty of gold dust. I would say that our pans on the Eldorado
claims will average $3, some go as high as $150, and, believe me, when I
say that, in five pans, I have taken out as high as $750 and sometimes
more. I did not pick the pans, but simply put them against my breast and
scooped the dirt off the bed rock.
"Of course, the majority of those on the Klondyke have done much
figuring as to the amount of gold the Klondyke will yield. Many times we
fellows figured on the prospects of the Eldorado. I would not hesitate
much about guaranteeing $21,000,000, and should not be surprised a bit
if $25,000,000, or even $30,000,000, was taken out.
"Some people will tell you that the Klondyke is a marvel, and there will
never be a discovery in Alaska which will compare with it. I don't
believe it. I think that there will be a number of new creeks discovered
that will make wonderful yields. Why, Bear Gulch is just like Eldorado.
Bear Gulch has a double bed rock. Many do not know it, but it's a fact,
and miners who are acquainted with it will tell you the same thing.
"The bed rocks are three feet apart. In the lower bed the gold is as
black as a black cat, and in the upper bed, the gold is as bright as any
you ever saw. We own No. 10 claim, below Discovery, on Bear Gulch, and
also Nos. 20 and 21 on Last Chance Gulch, above Discovery. We prospected
for three miles on Last Chance Gulch, and could not tell the best place
to locate the Discovery claim. The man making a discovery of the creek
is entitled by law to stake a claim and take an adjoining one, or, in
other words, two claims; so you see he wants to get in a good location
on the creek or gulch. Hunker Gulch is highly looked to. I think it will
prove another great district, and some good strikes have also been made
on Dominion Creek. Indian Creek is also becoming famous.
"What are we doing with all the money we take out?
"Well, we paid $45,000 spot cash for a half interest in Claim 32,
Eldorado. We also loaned $5,000 each to four parties on Eldorado Creek,
taking mortgages on their claims, so you see we are well secured.
Public-domain text, read in full here on John Shaqi.
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