North Star Mine: 0050.0238

GENERAL MINING NEWS – A DEAL ON FOR THE NORTH STAR.

            Spokane Chronicle: One of the largest mining deals of the year is reported to be in progress of negotiation at Fort Steele in the East Kootenay district.  A large English syndicate backed by the Rothschilds, is negotiating for the purchase of the famous North Star mine on a basis of $3,000,000.  One of the principal owners of the mine, D.D. Mann, has been given the authority to sell by the other owners, and it is reported that negotiations are progressing favorably.

            The North Star is one of the oldest locations in the Fort Steele district and there are millions of dollars worth of ore in sight.  It has been under development for a number of years and only the lack of adequate transportation facilities has prevented the property from taking a foremost rank among the silver mines of the world.

0050.0238: North Star Mine

Newspaper excerpt Spokane Chronicle - one of the largest mining deals to date in negotiation at Fort Steele, with English syndicate purchasing North Star Mine for $3,000,000.

Medium:  Newspaper - Text
Date:  April 19, 1898
Pages:  2
Publisher:  Cranbrook Herald
Collection:  Columbia Basin Institute (0050)

Keywords:

mining deal negotiation syndicate principal owner ore silver

Subjects:

People arrow Rothschildarrow
People arrow Mannarrow
Industry arrow Mining arrow Mines arrow North Star Minearrow
Cities arrow Fort Steelearrow

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