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The Nome Nugget
Nome, Nome County, Alaska
What is this article about?
Rich nickel-cobalt-copper vein discovered at Funter Bay near Juneau, Alaska, confirmed by 500-foot exploratory drift. Also contains gold and silver. Funded by $112,000 government loan; U.S. Bureau of Mines directs work amid strategic nickel needs.
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OCR Quality
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Deposits Found
Near Juneau
By LOUIS R. HUBER
SEATTLE, Aug. 15—One of the richest nickel-cobalt-copper veins discovered anywhere in recent years apparently has been struck at Funter Bay, near Juneau.
That is the report here of mining men associated with the Funter Bay prospect. An exploratory drift, or tunnel, pushed 500 feet into the mountainside recently, has fully confirmed rich ore values indicated by previous diamond drilling from the surface, they say.
Gold and silver ore also is contained in the vein.
The nickel exploration is being done by the Admiralty-Alaska Gold Mining Company on a $112,000 loan from the Defense Minerals Exploration Administration.
The work has been under the direction of the U.S. Bureau of Mines.
S. H. Lorain of the Bureau of Mines office in Juneau has gone to Funter Bay to examine the new nickel strike. He will make recommendations as to further work.
Because the United States is 'poor' in nickel ore, the DMEA lists all nickel exploration as highly strategic and requires only ten percent financial participation by private companies.
Mining experts here say it is quite possible for the Funter Bay deposit to turn into large-scale production soon.
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Where did it happen?
Domestic News Details
Primary Location
Funter Bay, Near Juneau
Event Date
Aug. 15
Key Persons
Outcome
confirmed rich ore values; potential for large-scale production soon
Event Details
One of the richest nickel-cobalt-copper veins discovered in recent years struck at Funter Bay. Exploratory drift of 500 feet confirms rich ore from previous drilling. Vein also contains gold and silver. Exploration by Admiralty-Alaska Gold Mining Company with $112,000 loan from Defense Minerals Exploration Administration, under U.S. Bureau of Mines direction. S. H. Lorain to examine and recommend further work. Strategic due to U.S. nickel shortage, requiring only 10% private funding.