Cariboo Amalgamated Properties

HE COMPANY’S HOLDINGS are composed of 175 claims, more or less, in seven dis- tinct groups representing a consolidation of 17 groups of claims.

All of these claims were located by or under the direction of Fred M. Wells, managing director of Cariboo Gold Quartz Mining Co. They constitute the bulk of the ground obtained by Mr. Wells prior to the Cariboo excitement when he had virtually the pick of the Barkerville area from which to select or reject prospects.

Thus there is represented in this immense holding some of the most attractive showings in the Cariboo country selected when most of the Barkerville area was open for staking—and chosen by the man who is perhaps better qualified to Judge a Cariboo prospect than any other authority.

In a letter dated July 8, 1933 Mr. Wells writes, in part, regarding his proper- ties which now constitute the holdings of Cariboo Amalgamated Gold Mines Ltd. (N.P.L.).

“These groups are favorably located along the mineral belt for a distance of about 15 miles, with Barkerville about midway between the most distant locations.

“All of this has been located by myself or by my own men on my advice. While each group is located with special reference to the mineral belts as I understand them, there are other and special reasons for the location of each individual group.

“T have myself been very prominent in recognizing the gold quartz possibil- ities of the Cariboo gold belt. After some years of prospecting and examination, and later conducting extensive development in Cariboo camp, I am well informed and feel confident that when I select a certain area along the Cariboo gold belt and make loca- tions, such blocks are well worth serious consideration for prospecting and development work by any of our most conservative mining and development companies.

“T am free to admit that what would seem even favorable outcrops of mineral are not plentiful along the mineral belt, but conditions disclosed by our own work on the Cariboo Gold Quartz property has shown that it is necessary to carry out systematic prospect work to show up the value of any particular section of the gold bearing formations.

“Tn the Cariboo camp, after locating along the recognized gold bearing forma- tions, the best assurance that your areas may be productive is the amount of gold that may be found in the vicinity of your locations. From my earliest acquaintances with Cariboo quartz work, I was convinced that the vast amount of gold found in the placers had at one time been gold in the quartz rocks. ;

“Disintegration and erosion had in time built up the rock placers at the expense of the quartz veins.

“Our mineral belt all along Cow Mountain was almost entirely covered with surface wash and glacier deposits.

“Ty the first report written by myself on that property I said that what had especially attracted me to the Cow Mountain section of the gold belt was the amount of gold to be found by the pan over the hill. The veins that produced the gold have since been found by the work of our development. The same practice must be applied in other sections along the mineral belt.