Daily national Republican. (Washington City [D.C.]) 1870-1872, 1870-01-25
cOLORADO MISEs.
The HSlmick silver MIaInE Conn
pAuY at asorNseoWn, Colorado.


pAny at GeorGstSWB, Colorado.
We have been Informed that the directors
Of the Helmiek Silver Mining Company, Of
this city, had meeting at their ONCE In
Mays building, corner Of Seventh and 4
streets, yesterday, 10 consider q proposition
from the New York Mining Association, .
company organized and In active working
operation at Georgetown, for concentrating
the oliver ores OF that region. 2.r...fr.I
| This company proposes 10 enter Into con-
tract with the Helmick company 70 con-
centrRte not less than 10 tons Of Its ore daily,
q q reduction Of &C per cent. per ton, (from
S26 the former phce,) provided II can be
| supplied with not less than 80 tons daily
| from the three companiea, the Baltimore, the
Helmick and tho Morris company, all situate
10 and near Georgetown. -.
L. While the rieh kilver veins lie deeply i'm
bedded In the mountains and require much
labor and eIpense TO bring the precious
metals to the surface, much Of which assay
from $3.50 70 s2,9oo e she ton, there eIist.
efn DC taken out at very LITTLE s0ss, That
cost OF separating the silver Il greater than
its value when produced.
| By new method OF treating these ores,
| BY concentrating them before being smelted,
per ton. - ~ y.
This is done by crushing the entire mass
OF rock and metal, all together, into hne
particles, and the metallic portions are aftor.
whrds separated, much Ike the Winuowing
The Helmick Company has ordered the
execution OF q contract to supply the con-
edntrating company with 10 tons OF It's ores
daily, from the 1stof March, which can DO
produced from the shan Of a single vein
without interfering with the progress OF thslr
tunnel, that Is being driven into the base Of
the Leayenworth mountain. r..
The ores to DO supplied yield by assay from
$40 to $50 per ton. Tho HelmIck Company
can supply tho ores BY Contract at he con.
csntrating works, for eco Ter ton, and tho
charge for concentration Is IS, making the
entire cost ESQ per ton. With theae ORES,
hitherto too POOR 10 be WORKED and assay
ing e40, ESQ, and $50 per ton, the company
vii Be mahlng the handsome proat Of from
ores can DO shipped TO Newark, N. J., OF
Baltimore, Nd, and the SilVer extracted for
The value Of the lead contained, In them.
These ores, highly concentrated by nature,
can be smelted Al the various works
| at Georgetown, aud the silver Is being
constantly sent from them TO the United
States mint In Philadelphia, one company
alone sending over s10, 900 per month,
The "Dunderbutg" lode, owned by the
and the entire matter between Its walls as
says In the aggregate Al above stated, VIA,
from $40 70 $50 per ton, and can be made a
source Of revenue 10 the company 90 sOon
as the Now York association start their
wofks, which 1t Is proposed 10 do when
upon. 81. - - 2
The president OF the Baltimore company
Informs US that he has agreed to fufnlsh
their quota, and BY the middle Of May or
Quantities Of silver coin In the Windows OF
the Helmick Company and should the
quantity and quality OF the ores be no better
thap they now assay, the company must do
clare handsome dividends 10 itA stockholderA
under this new method or extracting the all
YER from lie ores. .'.-. XII.