Madsen Red Lake Mine

"The Madsen mine is in the southeastern part of Baird township, in Red Lake area, Ontario. It lies about 6 miles southwest of the town of Red Lake, with which it is connected by an all-weather road.The Madsen Red Lake Gold Mines Company was formed in March, 1935, to take over the holdings of the Falcon Gold and Jomac Gold syndicates. During 1935 an4 the early part of 1936 No. 1 shaft was sunk and drifts driven on four levels, all on a narrow quartz vein in a granite dyke.In July, 1936, the Austin zone was discovered about half a mile north of No. 1 shaft by Austin McVeigh, a prospector employed by the Company. Diamond drilling showed that the zone included an orebody worth development, and in 1937 No. 2 shaft was sunk, three levels opened up and sufficient ore outlined to justify the installation of a mill. Milling commenced in August, 1938, at the rate of 300 tons a day, which was later increased to 400 tons a day.The total production from 1938 to 1946 was 1,116,307 tons from which gold and silver having a value of $9,949,010 were recovered. The gold produced ranged from a minimum of 0.1910 oz. a ton in 1939 to a maximum of 0.2827 oz. in 1944. The average grade in 1946 was 0.2345 oz. to the ton."