U. S. GEOLOGICAL SURVEY
REPORT ON HYPER DISTRICT
Reprinted from U. S. Geological Survey Bulletin No.
778—B, ‘'mineral investigations in southeastern Alaska,” 1
926: By A. F. Buddington.
PROSPECTS
Charles, Nelson & Pitcher
Westgate . has described a
prospect held by Charles, Nel
son & Pitcher 2 miles above
Salmon River on the east side
of Texas Creek.
Snyder
' Ray Snyder holds claims just
off the trail along Texas
Creek about halfway be
tween the bridge across Sal
mon River and the cable
crossing on Texas Creek. At
an altitude of about 600 feet
a small open cut has been
made on a vein in granodi
orite porphyry. The vein con
sists of a shattered zone in
the granodiorte with reticu
lating veinlets and stringers
of quartz aggregating 12 to
14 inches in width.. The
quartz is in part heavily met
alized with galena, pale res
in-colored sphalerite, a little
chalcopyrite, and sparse tet
yahedrite. Several open cuts
|and strippings have been
^nade in the vicinity on small
quartz stringers, but the veins
exposed do not appear to be
persistent.
McVey
The writes was shown speci
mens of ore by Daniel McVey,
reported to come from a vein
not yet recorded but staked in
a gulch about 2 miles up the
West Pork trail. The vein is
reported to be a quartz fis
sure vein in granodiorite, min
eralized with pyrite, galena
and chalcopyrite.
Homestake and Ibex
The Homestake and Ibex
groups of claims are held by
J. H. Hewitt and C. Carlson.
A cabin has been built at an
altitude of about 2,300 feet,
about 8 miles by trail from
the bridge over Salmon Riv
er at Ninemile. Trails have
been cut to both groups of
claims, but practically no
work has been done on the
veins.
The Homestake group com
prises six claims. The vein is
in the face of a bluff on the
east side of a gulch at an al
titude of about 3,500 feet.
The vein strikes about N. 15
degrees E. and dips 45 de
grees-50 degrees E. It’ has
been traced for a length of
250 feet or so. The northern
150 feet is strongly metal
lized, but the southern 100
feet is milky-white quartz
with very sparse metallizat
ion. The width of the vein
ranges from 4 to 5 feet. The
vein pinches abruptly at the
noi4;h end, and its projected
line of extension is covered
by snow. At the south end the
vein is covered for a short
space by debris and does not
show in the bluff to the south.
This may be due to offsetting
by faulting. In the ore shoot
bands of solid sulphide (al
most wholly steel galena) oc
cur in widths up to a foot.
The sulphides on these
claims consist predominantly
of dense steel galena with
pyrite and chalcopyrite and
locally a trace of sphalerite.
The pyrite and chalcopyrite
usually occur together as
small eyes or streaks within
the galena and together with
the quartz give a banded
character to the vein. Under
the metallographic microscope
the pyrite appears in part as
much fractured granular ag
gregates in a meshwork of
chalcopyrite and in part as
cubes and corroded grains
disseminated through narrow j
streaks within the galena..
The quartz is in part broken
up and veined and corroded
MAP OF
PORTLAND CANAL MINING DISTRICT
HYDER, ALASKA
THE PORTLAND CANAL MINING DISTRICT
Present* Greater Opportunities for Legitimate Mining Investment than any Mining District
on the Continent. In *additionto the great Premier, the most Spectacular Silver-Gold Mine
in Existence, with a record of over Seven Millions in Dividends in Four Years, the Portland
Canal District contains Two Producing Mines; a Half Dozen or More on the Very Thresh
old of Production, and Numerous Partially Developed Properties Which Hold Forth Every
Prospoct of Becoming Paying Mines*
The Mineralisation is Proved: Only. Capital and Intelligent Mining is Required to Make
* Piirttminv Aron on the Globa.
by the galena. The galena ap
pears to belong to a later
stage of mineralization than
the quartz and pyrite-chalco
pyrite aggregates.
The Ibex gyoup comprises
four claims. The vein is ex
posed on both faces of a
small, deep, steep-sided gulch
at an altitude of about 3,700
feet, on Ibex No* 1 claim. The
country rock consists of thin
bedded gray to black argil
lite and quartzite, cut by
dikes of granite' porphyry,
and granodiorite. The vein is
exposed for about 100 feet
in length' and 75 feet differ
ence in altitude. It pinches
and swells but is 15 inches to
2 feet in width for consider
able portions. At the bottom
of the gulch about 18 inches
of sulphide ore with only a
little quartz gangue is expos
ed. The sulphides here) con
sist almost wholly of inter
banded pale-colored sphale
rite and coarse-grained gal
ena. The vein is cut by a dike
of granite porphyry and is
offset along the dike. In the
face of the north wall of the
gulch the vein is again offset
by faulting. The vein is a fis
sure vein striking about N.
5 degrees E. and crossing the
bedding of the banded argil
lite and quartzite. It dips
steeply to the east.
Some of the ore is banded
with streaks of galena, pyrite,
chalcopyrite, light-colored res
inous-lustered sphalerite, and
tetrahedrite. Several small
specimens were examined
with the metallographic mi
croscope. The pyrite is the
earliest mineral of crystallizat
ion and occurs as grains or
aggregates in a mesh work of
chalcopyrite. The sphalerite is
of later crystallization than
the chalcopyrite, and vein
lets of sphalerite cross the
pyrite chalcopyrite streaks.
All three of the earlier min
erals are broken and veined
by galena, and some corros
ion of the sphalerite by gal
ena has taken place.. The re
lations of the galena and tet
rahedrite are somewhat in
determinate, but the tetra
hedrite appears, in part, to
have finished crystallization
later than the galena, and in
part, it occurs as blebs in the
galena and may be of con
temporaneous crystallization.
The tetrahedrite tends to oc
cur as veinlets in or along the
borders of the sphalerite.
A high content of silver, cop
per, and lead is reported to
have been shown by assays
of picked specimens from this
vein.
Silver Star
The Silver Star claim was
staked by McVey & Connors.
It is about 950 feet in altitude
above the Government trail,
between the Texas Discovery
and the trail that turns off to
the Homestake and Ibex
groups. The vein is in a shear
zone in granodiorite, striking
about N. 10 degrees E. and
dipping 55 degrees E. At the
surface there is a 2-foot shear
zone with abundant stringers
of metallized quartz. The
quartz is, in general, sparsely
to heavily metallized with py
rite and galena.
Picked samples from this vein
are reported to have, yielded
HYDER M. E. CHURCH
Services Every Sunday
at 8 p. m.
Sunday School at 11 a. m.
Everyone Welcome
R«v. C. T. Hatton, Pastor
an ounce of gold to the ton.
Silver Coin
The Silver Coin claim was
staked by Paul Meagher and
Ray Snyder. It is on the east:
side of the western gulch trib
utary to that on which the
Homestake is located and is
about 700 feet in altitude
above it. The vein is in grano
diorite and is about 50 feet in
length. It strikes N. 5 degrees
W. and dips 45 degrees E. The
northern 25 feet of the vein
consists of a shoot of ore
which widens abruptly from
a few inches at the north to
5 feet on the south. At the
south end it passes into pract
ically barren milky-white
quartz. The quartz splits into
stringers, and an extension to
the south can not be traced.
The quartz vein zone at the
south end has no well-defined
hanging wall or footwall and
is 10 feet or more thick. The
quartz stringers appear to
stop abruptly down the dip. It
was not ascertained whether
this is due to pinching or to a
fault. The granodiorite shows
many slipping planes, and
along the footwall of the or/
shoot these are coated with
malachite. The metallized
shoot of the vein consists of
quartz heavily metallized with
galena and a little pyrite and
chalcopyrite.
Six natives are dead and sev
eral are ill as the result of eat
ing meat from the carcass of
a whale which floated ashore
at Chignik. White settlers
gave warning to the natives,
but the meat was (considered
a delicacy. Ample food of oth
er sorts was available at the
time. Four children were made
orphans by the tragedy.
(OFFICIAL PUBLICATION)
REPORT OF THE FINANCIAL CONDITION
OF
The SALMON RIVER BANKING CO., located at HYDER
Territory of Alaska, at the close of business on the 30th. day
of June, 1925. «
RESOURCES
Loans and discounts . $ 53,525.67
Loans on real estate . 29 043.30
Overdrafts . 2.478.16
United States bond and securities. 200.00
Other bonds and warrants..*. 360.00
Stocks, securities, judgements,claims, etc.,.
Banking house, furniture and fixtures . 7,080.57
Other real estate owned. 419.80
Due from other banks. 15,266.66
Checks on other banks and other cash items.317.60
Exchanges for clearing house.
;Cash on hand. 9,183.19
!Expenses in excess of earnings.
;. .
TOTAL.. $117,874.95
LIABILITIES 4
| Capital stock paid in. $15,000.00
Surplus fund . 6,000.00
Reserves ..
Undivided profits less expenses paid.2,265.87
Dividends declared but unpaid. 600.0O
! Due to other banks.
i Demand deposits. 86,992.49
! Cashier’s and certified checks. 516.59
: Notes and bills rediscounted. 6,500.00
Bills payable (including certificates of deposit) for
money borrowed .
___TOTAL... 117,874.95
United States of America )
Territory of Alaska ) s«.
First Judicial Division )
I, E. D. Haddon, Cashier of the above named bank, do
solemnly swear that the foregoing statement is true to the
best of my knowledge and belief.
(Signed) E. D. Haddon
Cashier
(Notarial Seal)
(Correct Attest)
, Subscribed and sworn to be
i fore me this 7th. day of July,
!1925
Ernest Blue.
Notary Public in and for the
Territory of Alaska. My com
mission expires Nov. 17, 1926.
J. A. Hall.
Irene Hall Haddon
Directors or Partnei*.
NATIONAL SILVER MINES, LTD.
CONTROLLING
BUSH MINES, Ltd.
LOCATED IN THE HEART OF THE GREAT PORTLAND
CANAL MINERAL BELT AND ADJOINING THE FAM
OUS PREMIER AND B. C. SILVER MINES, THIS PROP
ERTY, NOW IN PROCESS OF DEVELOPMENT, OF
FERS A SPLENDID OPPORTUNITY FOR PROFITABLE
INVESTMENT.
SHARES NOW SELLING AT TWENTY FIVE CENTS
F. R. Jancowski, General Broker
STEWART, B. C.
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