To: kayco who wrote (68668 ) 1/11/2010 1:05:18 PM From: E. Charters Read Replies (1) | Respond to Lakeshore was on the Cadillac Larder Break. In Kirkland Lake. McIntyre Hollinger was on the Destor Porcupine fault system which is 20 miles north and 65 miles west. The Lakeshore was an exceedingly narrow and very rich mine, which made Harry Oakes, its 50% owner, the richest man in the world at the time. He was an Englishman whose family had recently settled in the US. Although from the gentry, Harry chose the rough and tumble life of a prospector and travelled the world in search of riches. He was the first person to suggest that Archean deposits in Canada should routinely go to depth. Few geos of the time believed that. The Lakeshore cost 50 million dollars to build in 1929, when it stock went to 65 dollars a share. Today that would be $1 billion for the capex, and the stock would be $1300 a share. Gold was golden in those days. A Kirkland Lake miner made real money, earning the highest labour rates in the world at the time. Most KL miners made in one half day what others made in a week. The wages declined steadily relatively for 40 years, until in 1977 when I worked in Gold mines in the Kirkland Lake district our pay was considered low compared to most tradesmen.
