Faribault Dr E R (1 results)

Green card covers. Condition: Very good. 19 Pp. Gold was first discovered at Oldham, Nova Scotia in 1861, and the district was formally recognized by the government in 1862. It was actively mined throughout the rest of the 19th century. In 1870, the Oldham Sterling Gold Company was founded by a group of English capitalists, but eventually went into insolvency. The mine was then bought by a Mr. Gray of Halifax, Nova Scotia, and in 1903 acquired by William Arthur Brennan, a journalist and publisher from Summerside, Prince Edward Island, who incorporated the Oldham Sterling Gold Company Ltd. Upon Brennan's death in 1916, the land was inherited by his wife and sons, Rosara Lefurgey Brennan, Arthur R. Brennan, and Charles Victor Brennan, with Rosara's interests later passing to her daughter, Dorothy J. Sharp, after her death. After a few failed sale attempts, the family was able to sell the property to Avon Gold Mines Ltd. in 1935, accepting shares in the company as partial payment. They continued to manage mine operations and correspond with on-site personnel, while remaining in Summerside, or other areas of Canada. Avon Gold Mines Ltd. was incorporated in Montreal, Quebec on January 25th, 1935, with the express purpose of mining gold, and performing all surrounding activities, in Oldham, Nova Scotia. In 1943, Avon ceased operations due to inability to pay their bills. By the 1950s, ownership of the mining properties at Oldham had reverted back to the Brennan family, who were unable to sell again. Today, the mine is no longer active.