Steam hoist at the Peterson Mine. Gold-bearing quarts veins - TopicsExpress

Steam hoist at the Peterson Mine. Gold-bearing quarts veins near Peterson Lake were first discovered by George Rudd and others in 1897. Later in 1897 John Peterson acquired the property. During 1903, Tom Drew optioned the mine from Peterson. Drews men built a 4 mile road connecting the mine to Pearl Harbor, sunk several shafts, excavated open cuts, and stock piled 5000 tons of ore. Drew rented a 3 stamp mill and assay office from J.G. Davies to evaluate the ore in 1904. By October, Drew dropped his intrest and Peterson purchased the mill for $450. Peterson tried to lease out the property in early 1905 but was unable to find anyone wanting. During 1905-1908 Peterson worked the land himself. In 1909, J Milligan, of the Southern Alaska Consolidated Mines Company, leased the property. The Prairie Tunnel was dug during this time. But the end of 1911, there were 11 tunnels totaling 625 feet of workings, 4 shafts, with 163 feet of workings, and 16 trenches. Peterson did some work again in 1911, and the property came back to him. Then Bart Thane and Herman Tripp optioned the property. During 1912-1913 their Alaska Southern Mines sunk a 135 foot shaft, but only hit on low gold values, which caused them to drop the property. In 1916 Peterson died.