The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-06-01
A Great Gold Mine.s,
,NE THAT RUNS AS HIGH AS 500, 900 TO THE
From the Denver Eex

from the Denver News.J
The American Mine, owned by Hiram
Hitchcock, and superintended by Professor
III. Alden Smith, is the most extensively
worked in Sunshine district, and for qtlan-
tity and richness OF ore one Of the most
wonderful, mines in the world. The Cou-
rier says 1t is turning out large quantities
every month that sell to the sinelters at from
800 to 5000 per ton, and has paid large
dividends constantly from the very COM
mencement. The first-class ore, by the ton,
assays S. 900 to $4,000; the second-class,
about $500, and the third-class, $500. Pieces
can be picked from any Of the frst-elass
sacks that will yield from 81 to $3.50 per
ounce, or at the rate OF $40, 900 to $500, 200
per ton. The quantity and quality of the
ore has gradually but constantly increased
from the surface, and now. at the depth OF
two hundred and twenty feet the vein is
fully twice as large us it was at the surface,
and the ore is far richer.
From what is already known OF this re-
markablc vein few will dispute the assertion
that no mine thus far discovered has pro
duced such extraordinary yields as the
American at Sunshine. Its character under
development proves it to be true assure
vein, strong and exceedingly rich in pre-
cious metal. It's net returns at this time,
and since the first ten feet Of opening had
been accomplished, have been and are
greater than those of any other deposit OF
gold-bearing mineral in this country. Much
OF the crevice matter is worth from ten to
forty dollars per pound, and selected specl
mems have returned at the rate OF two hun
dred dollars per ton.
The Chicago Inter- Ocean. in speaking Of
this district, says: But the latest mining
sensation is the recent developments IN the
Sunshine district OF Boulder county. Tel
lurium 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. It's yield is well
nigh fabulous. The entire locality develops
telluride ore, but among the discoveries the
American mine has been worked to de-
monstrable extent. The shaft is only doWr
22O 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 th'
Omaha Smelling Works, where TN
net sales average 5000 per ton. It
bring this price the ore has to essay S6,o0'
per ton, from which is deducted the freigh
charges, 500 per ton for treatment, and 81
per cent. OF the balance is paid to the owner
Of the ore. The getting out, sorting, ant
handling of the ore costs, when laid down
in Omaha, 800 per ton, freight inclusive
This mine employs thirty men, at cost Of
So, 900 per month, who produce thirty tons
of milling ore in that length OF time. Oh
this ore there is shipped, as tirst-class to
Omaha, two to four tons per month, and
the balance to Professor Hills works, al
Black Hawk, as second-class. The net pro
fit OF the mine is $4,000 per month. The
present owners of this mine bought it, when
partially developed for $1,000. 1t cannot
now be purchased at any price within rea'
son.