Jerome Mine is an unincorporated area and ghost town in the Unorganized North Part of Sudbury District in northeastern Ontario, Canada.
That July, Jerome began searching for gold in a region west of some existing claims that were held by two gentlemen, named Gifford and Shannon, in the main portion of Lake Opeepeesway.
This was a remarkable find as it was seemingly out in the open but somehow overlooked by previous prospectors which enabled him to stake six claims by the 17th of July .
[5] In 1945, the milling tower was destroyed in a fire and capital could not be obtained to rebuild due to the tight financial situation after World War II.
[4] Geologists have estimated that the mine could potentially hold 2,100,000 troy ounces of gold, of which 25% is silver content.