The history of the Perseverance Mine is pretty well known, as it is possible to Google it with lots of photos and history. What is not well known is: The veins were discovered in 1880-1881, ore averaged $7 per ton. In 1889, the mine was purchased by Eastern Alaska Mining and Milling Co., who built a road from Last Chance Basin to the mine at a cost of $11,000 for a 4 mile road, a tram, and a 10 stamp mill. The mill was started on October 16th and produced $50,000 during 1890. Only $2000 was sold to the US Mint in 1891. It operated from 1886-1921, producing 500,900 oz. of gold, 482,279 oz. of silver, and 4.8 million pounds of lead. The Perseverance Mine was acquired by the Alaska Juneau Company in 1933 and connected with the Alaska Juneau Mine in 1935. By 1943, Perseverance ore made up 70% of all ore mined by the AJ company. Then the mine was idle for the next 40 years. The sheep Creek Tunnel was reopened in 1986 by Echo Bay Mines and a 1000 ton test sample taken in 1987. The mine now lay quiet under the mountain. Perseverance mine had 26 miles of tunnels, when it joined the AJ mine, over 90 miles of tunnels were connected with 16 levels. (Approx. 80-120 feet between levels).
Posted on: Fri, 11 Jul 2014 06:49:12 +0000
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