"A Speculative Investment."

Mr. Nick Roman--born in Chilliwack and now living in Florida--sent an image of a stock certificate of the Slumach Lost Creek Mine Ltd. he'd purchased back in 1952. He also sent copy of a letter from the Company, dated 20 November 1952, reporting negative results of the prospecting and geological work done. The engineers they hired had "failed to locate the Lost Mine or any indication [of]either a 'cache' of gold, a gold bearing vein or a placer deposit" on the claims of Slumach Lost Creek Mine Ltd. Click here to read Mr. Roman's comments and view the certificate and the letter. Mr. Roman does not remember having received "any further words" after that letter.

The Slumach Lost Creek Mine Ltd., incorporated in September, 1952, was the brainchild of a couple of journalists who wanted to raise money “to prove or disprove once and for all the legendary stories.” The company was closed down at the request of the Superintendent of Brokers in Victoria when "investigation showed no commercial ore." The shareholders did not get any return on what was advertised as "A Speculative Investment."

The Company not finding a trace of gold did not stop others to keep looking at other places.

For a look at the prospectus of the Slumach Lost Creek Mine Ltd. click here.