The Manitowoc tribune. [volume] (Manitowoc, Wis.) 1866-1878, 1876-06-22
A GREAT GOLD MINE.
One that Runs as High ..s 100000 to
the Ton,
IFrom the Denver News.l

From the Denver News1
The American Mine, owned by Hiram
Hitchcock and superintehded by Prof.
j. Alden Smith, is the most extensively
worked in Sunshine district, and for
quantity and richness of ore, one of the
most wonderful mines in the world The
Courier says it ia turning out large guam
titles every month that sell to the smelt-
ers at from 800 to $4,000 per ton, and
has paid large dividends constantly from
the very commencement. The first-class
ore, by the ton, assays S., 900 to 81, 900;
the second class, about $500, and the
third class 5000. Pieces can be picked
from any of the first class sacks that will
yia1a from $sI TO rs. 90 pur ~r..>eo, OF
the rate of $50, 900 to 100000 per ton.
The quantity and quality of the ore has
gradually, but constantly increased from
the surface, and now at the depth of 22O
feet, the vein is fully twice as large as it
was at the surface, and the ore is far
richer
From what is already known of this
remarkable vein, few will dispute the
assertion that no mine thus far discover
ed has produced such extraordinary
yields as the American at Sunshine. It's
character under development proves it
to be true fissure, strong and exceed
ingly rich in precious metal. It's net
returns ut this time, and since the first
ten feet of opening had been accom-
plished, have been, and are, greater Than
those of any other deposit of gold-bear-
ing mineral in this country. Much of
the crevice matter is worth from $40 to
$40 per pound, and selected specimens
have returned at the rate 5000 per ton.
The Chicago Inter Ocean, in speaking
of this district, says: But the latest
mining sensation is the recent develop
ments in the Sunshine District of Boul-
der County. Tellurium has heretofore
been found in only three localities in the
world. 1t carries the richest deposit of
gold. This species of ore is found in
this district. Its yield is we'll nigh IA
bulous. The entire locality develops
telluride ore, but among the discoveries
the American mine has been worked to
demonst,able extent. The shaft is only
down 220 feet, worked by hoisting
engine. The vein is two feet thick, of
which streak of seven or eight inches
is pay ore. The first class of this is
shipped to the Omaha Smelling Works,
where the net sales averave SIS, $50 per
ton. To bring this price the ore has to
assay $6, 900 per ton, from which is de-
Quoted the freight charges, $100 per ton
for treatment, and 80 per cent of the
balance is paid to the owner of the ere.
The getting out, sorting and handling of
the ore costs, when laid down in Omaha,
300 per ton, freight inclusive. This
mine employs thirty men, at a cost Of
So, 900 per month, who produce thirty
tons of milling ore in that length of time.
Of this ore there is shipped, as frst-class
to Omaha, two to four tons per month,
and the balance to Prof. Hills works, at
Black Hawk, as second class. The net
profit of the mine is $40, 900 per month.
The present owners of this mine bought
it, when partially developed, for ,s17,-
600. 1t cannot now be purchased at
any price within reason.