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It is proposed to organize, tinder the Act 27th and 28th, Victoria, Chap. 23, Statutes of Canada, a Company, to be known as the Peterborongh Lead Mining Company, having a capital of $100,000 (£20,000, 6tg.), in shares of $100 each (£20, stg.) One half tlie Stock is to be subscribed at once, and paid to the Treasurer of the Company, or to Trustees to be appointed ; and the balance to remain at tiie disposal of the Directors. It is proposed, on the subscription of the requisite amount of Stock, to purcliase tlie property of the present Gal way Mining Company for tlie sum of fifty thousand dollars (£10,000): one hsilf to be paid in cadi, and the balance in paid-up Stock of the Company ; and to continue the present works of the said Galway Mining Com- pany on an enlarged scale ; also to erect smelting works, and other machinery for the purpose of mining, smelting, and otherwise preparing for market, the ores of all kinds of metals and minerals, together with the acquisition, employment, and disposal of all lands, mines, and ores, or granting to others the right to mine, smelt, or prepare for market, the ores of all metals and minerals that may bo found of advantage to the interests of the Company. The property is situated in the Township of Galway, in the County of Peterborough, and Province of Ontario, and is composed of the West half of Lot Twenty, Concession A, containing fifty acres, — twenty of which are cleared, and thirty uncleared. It is eitaatod immediately adjoining the Bobcaygeon Road. i MMMMIl A shaft, of 10 feet by 6 feet, lias been sunk abont 110 feet deep, with a tunnel of the same dimensions rtiniiing along tlic vein 30 feet. Twenty tons of the ore already taken from the shaft liavc been sold on the gronnd for $40 per ton. The buildings consist of dwelling-house, stables, shaft and tool houses, and blacksmith's shop. It is considered that the provision made by the above subscription of Stock, of $25,000 (£5000, stg.), for working capital, after tlie cash payment for the land, is sufficient for all purposes; hut, it av'iU be seen, that provision is made for a further sum of $25,000 (£5000, stg.) by the reserved Stock, should any contingency arise rendering further working capital necessary. Attention is directed to the reports of Professor Robb, of Mon- treal, and Professor Chapman, of Toronto, which are published herewith. Professor Chapman's second report, it will be seen, more than justifies the predictions of his first, and sliows the location to be a very valuable one for mining purposes. The present works of tiio Company being in good condition, and much, if not all of the " dead work " done, there is nothing to prevent, with proper machinery and smelting furnaces, the raising of a large quantity of ore, and the preparation of the same for market immediately. For the information of subscribers, the Act, under which it is proposed to organize, is published in full herewith. It will be found to be a simple and inexpensive method of procuring all the advan- tages of a Charter, with limited liability, leaving it open with the Shareholders to pass any By-laws they may deem fit for the guidance of the Directors and Officers of the Company. * •/ I IIEPOET OF CHAS. ROBB, Esq., Mining Engineer. GENTLEiMEN, * In accordance with your desire 1 have visited and made a cursory examination of your Lead mining pro^ierty, situated in the Township of Galway, County of Peteborough, Ontai'io, and have noted its capa- bilities for mining purposes, and the development hitherto made thereon. I beg now to present to you the following brief leport, embodying the I'esults of my observations together with a plan showing the position of the property and of the mineral veins thereon, so far as shown to me. I must premise, however, that as at the time of my visit (about a month ago) little work had been done in testing the veins by sinking upon them, the information I have to convey, and the conclusions I may have been led to form, are of a less positive and definite character than I could have desired. The part of your property consisting of Lot 20, Concession A, as designated by the Eed tint on the accompanying plan, abutting upon, and adjacent to the Bobcaygon Road, held by you in foe simple. This projterty is situated about 12 miles from Bobcaygon, which is a port on the great chain of navigable Lakes, communicating on the one hand with the town of Lindsay, about 22 miles distant, and on the other with a point about 6 miles from Peteborough, both of which places connect by short Railways with the waters of Lake Ontario, and with the Grand Trunk Railway. The Geological position i*elative, and conditions of this propert}- are highly favoui'able for the occurrence of metalic veins. It is underlaid by rocks of the "Laurentian formation," consisting of various forms of Gueissed rocks, interstratified with bands of crystalline Lime-stone. These rocks in several parts of Canada have proved to be productive of important Lead veins, and in the present instance since it has been proved that such veins exist on the property, their importance is greatly enhanced by the circumstance that they occur in the immediate vicinity of the junction between the Laurentian and ovei'lying lower Silurian formation. The greater part of the property is covered with a dense growth of timber, consisting chiefly of pine, spruce, and elm, the cleai'ed portion occupying a comparatively narrow strip skirting the cast side of the Bobcaygeon Road. The mineral discoveries which have been made hitherto, and the little explanatory work which has been done, has naturally been for the most part confined to the cleared land on which some highly promising veins of Galena and Sulphate of Barytcs have been exposed. The strike, or general direction of the rock forn>ation throughout the country, coinciding also with that of the ridges and valleys, is jorth-east and south-west, while the general direction of the mineral veins is north-west and south-east, the dip of the veins is also 6i i 4 in tho opposite direction to that of the x'oclcs. These facts prove con- clusively that they are true or fissure veins cutting the rocks, transversly and obviously resulting from deep-seated and powerful dislocations and' disturbances. Hence there can be no doubt that they will prove persistent in depth and indefinite extent. Those veins appear to be quite numerous and important upon your property. On this Lot, quite near the road, two parallel veins of Galena and Barj'ta have been found cutting niicaceous and hornblende schist. These directions, north-west and south-oast, which seem to be the normal direction of the group of nietalliferous veins in this district. These veins, at surface, appear to be about ten inches in thickness, cutting the rocks perpendicularly, and are about 100 feet apart ; one of them, the most easterly, has been traced for a very considerable distance, but had not been tested in depth any extent at the time of my visit. An adit, or tunnel, had been com- menced upon its course, from the low ground at the north side of the Lot, and many very good stones of ore obtained. This work will prove the vein to the depth of 40 or 50 feet, and from present appearances the prospect is highly encouraging. The rock is soft, and will be mined at a very trifling expense. Numerous indications of other Lead veins occur on other parts of your property, but no data are as yet afforded for ascertaining thv^ir value. Baryta is an article of considerable commercial value, and especially in conjunction with the Lead, with which it is us;ually associated, may probably be found to be economically available, and thus to enhance the value of your property. In view of tho recent remarkable discoveries of the precious metals in the Laurentlan rocks in the Township of Madoc, it is not unreason- able to expect similar results on your property, which appears to be in the same Geological position, and imder similar mineral conditions — the pi'oved existence of metalliferous veins on the spot, and the reported actual discovery of Gold in the neighbourhood, render this anticipation more probable, and the search in this direction more justifiable. I regret, from circumstances already mentioned, that I am precluded from making a i*eport of a more positive and definite character than the present, which may be regarded as only preliminary. I may remark, in conclusion, that from the strength and persistency of the veins, tho congenial character of the rocks, the extraordinary show of ore at the surftxce, and the i*easonablo prospect that the veins will be found thicker and richer as they are ti'aced in depth, I consider this jiroperty to be of great prospective value, and well worthy of further development. I have the honor to be. Gentlemen, your most obed't Seiwaui, Charles Eobb, Mining Engineer. P. S. — I omitted to mention in the proper place, that abundance of water, for washing ores, &c., is to be found near the pi'operty. — C. E. Peterboko' Jan. 6, 1868. 6 EEPOET OF PROFESSOR CI/APMAN, ON THE GALWAY MINING COMPANY. Having beon instructed by the Directors of the Galway Mining Company of Peterborough to examine the mineral property of the Company, and to furnish them with an impartial Report upon the same, I visited the ground on the 23rd inst. in company with two of the Directors, Messrs. Rogers and Stephenson, whose knowledge of the locality was of much service. I avail myself of this opportunity to offer my thanks to these gentlemen for their kind assistance, and beg, at the same time, to record my conviction that the greatest reliance may be placed in Mr. Stephenson's judgment and suggestions, as regards the development of the property generally. The Galway Mining Location comprises the west half of lot 20 in concession A of the township of Galway, county of Peterborough. It contains about 50 acres, and is held by the Company in fee simple. The Bobcaygeon Road forms the boundary of one side of the property. By this road, to the village of Bobcaygeon, on Sturgeon Lake, the distance is between 11 and 12 miles. From Bobcaygeon, freight can be shipped to Lindsay (22 miles), and from thence carried by rail to Port Hope on Lake Ontario, a station of the Grand Trunk Railway. Another outlet is by way of Mud Lake to a point 15 miles from Bobcaygeon, to which a lino of railway will shortly be carried from Peterborough. The products of the Galway mine can thus be taken to the front almost entirely by water and rail : the only teaming required, being over the portion of road (11 miles) between the mine and Bobcaygeon village. This road is in good order, and of easy grade. As regards accessibility, therefore, the property is very favorably situated — more so, indeed, although lying in a comparatively remote township, than many mineral locations situated somewhat nearer to the front. The country rock of the location consists essentially of mica slate interstratified with hornblendic gneiss and crystalline limestone, the wiiole belonging to the Laurentian or Gneissoid Series. The strike of these strata is N. 20° to 25° E., corresponding with the general direction of the ridges and narrow valleys of the district, the valleys lying chiefly along the course of the limestone bands. Several well-defined mineral veins occur upon the Company's property. Two of these, running parallel with one-another at about 100 feet apart, have been traced entirely across the location. They cut the strata almost at right angles, their course being N. 60° to 65° W., with a very slight underlie (in places imperceptible) towards the N. E. Another vein, of similar mineral character, appears to run N. 60° E., but at present it is entirely unde* veloped. This is known as the "Cross vein." Well-marked indications of others are also observable on the property. These veins are very narrow at the surface, but they widen considerably at a depth of a few fathoms, and continue apparently to increase in width at greater depths. They carry galena, the common ore oflcjid, in a gangue of sulphate of baryta (the caw-'A of the north-country miners) and crystal- lized carbonate of lime (calcito). On the more northern of the two parallel veins running N. 60° to 65° W., a shaft (10 feet x 6 feet) has been sunk to a depth of about 60 feet, and is still being carried down. An adit has also been driven, from lower ground lying towards the nor-west. for some distance along the course of the vein ; but being too near the surface to be of much utility, it has been discontinued. At a depth of 58 feet from the surface this vein shews a width of 3 feet 6 inches, and consists of sulphate of baryta mixed with highly crystalline calc spar and u considerable amount of galena. It may not be amiss to state, that the latter ore contains, when pure, 86.6 per cent, of metallic lead, and 13.4 per cent, of sulphur — a portion of the lead being very generally replaced, however, by a small amount of silver. Here and there, a few speckw of black and yellow blende, with traces of copper pyrites, occur in the calc spar of this vein, and thin lines of iron pyrites are seen in places. The calc spar is, in part, perfectly transparent and colorless. Large cleavable masses, available for optical purposes, and hence of some value, have been taken out of pockets in carrying down the shaft. From these jDockets also, some heavy masses of galena, partly in fine crystals, have been obtained. The sulphate of baryta, if largely worked, might likewise be made a source of profit, but chemical treatment would be required to effect its purification from intermixed matters. To arrive at an exact estimate of the amount of lead carried bj' the vein in question (which for the sake of clearness, I will call the Galway lode, designating the j)arallel vein in its vicinity as the Peterborough lode) several tons of ore would have to be carefully sampled and examined; but, at a depth of from 50 to 60 feet from the surface, the vein, at the lowest estimate, certainly holds a fourth part (by weight) of galena. In this connexion it must be remembered that galena is twice as heavy, bulk for bulk, as the mixture of cawk and spar of which the veinstone consists. If it be assumed (in order to keep within safe limits) that the lode would become no wider in descending, and would carry only the above amount of galena, each square fathom would contain 126 cubic feet of veinstuff (of average specific gravity equal to 5.0) and would weigh, in round nu nbers, about 20 Canadian tons. On this assumption, 20 tons of veinsiufF would yield 5 tons of galena, or, due allowance being made for loss in the mechanical and furnace treat- ment of the ore, about 3f tons of metallic lead. The actual yield would probably be nearer 4 tons, especially after the mill and furnaces had I been brought into full working order ; but, I wish, in this estimate, rather to underrate, than overrate, the assumed profits of the mine. Taking those data, the debit and credit account (exclusive of a small deduction for interest on capita!, management, commission, and wear and tear of machinery) may be stated as follows : — CREDIT ACCOUNT. $ c. 3| tonq pig lead, at 4}ccnt8 per lu 337 DEBIT ACCOUNT. S Mining 20 tons ore at $2 50 50 Huuling to Mill, nt 60 cents 10 Crushing and dressing, at 50 cents, 10 Smelting dressed ore, say 6} to 6 tons, at $2 12 Freight on 3 J tons lead to front. . 20 $102 75 Leaving, in round numbers, u pro* fit of $60 p