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Starratt-Olsen Mine
1948 to 1956
- Southwest and adjacent to the Madsen Red Lake property
- Originally staked by David Olsen, R.W. Starratt and W. Cooke
- Incorporated in 1945 to buy 16 claims from Hasaga (who bought them from Robert Starratt, William Cook and David Olson)
- Hasaga retaining control of the company and directing all operations
- Bought mill from Uchi Lake
- Hammell bought it - production begins 1 September 1948
- Produced steadily until closing in 1956
- Mill onsite was purchased by H.G. Young from 1960-63
- Produced 163,000 oz. (0.18 grade)
- Produced $5,629,400 in bullion
- Mill and headframe sold
- Claims purchased by Madsen Gold Inc.
- During 1959 and 1960, a shaft was sunk to a depth of 320.86 m, and lateral development work was completed on three levels totaling 1871.5 m
- A total of 4985.13 m of underground diamond drilling was completed.
- The mill was working at capacity to try to keep up
- Mining operations were only successful for a short time