The Elk Mountain pilot., 1880-12-30
161nOrA1 Resources.
Continued from Second Paee1

vein a distance of three hundred feet.
commencing at the point Of location,
from which has been taken over 200
tons of ore, equal in value to that pro-
duced in the shaft BY examination
we see that all the work done so far
is actually dead work, then take into
consideration the fact that this mine
has produced enough ore to pay the
original purchase price, Of sixty thous-
and dollars, alldewiopment, and leave
a large surplus to the owners, some
idea cansbe formed Of its tree value.
A large ore and shaft hosse, with
engine room attached, has been erect
ed by the company, and everything
about the mine is in splendid oondi-
ton. With ordinary business man
agement this mine will pay a good
dividend on At least capital Of two
million dollars.
The ore body described in the
Queen continues throughout the whole
of the Ruby King, Although the de-
velopment has NOT been pushed on this
mine to the sane extent, yet enough
work has been done to show little if
any difference in tlle value Of the two
mines. Seventy hvc feet Of shaft and
one hundred and fifty feet of level
show an unbroken ore body from two
to Ave feet in thickness. The King
has not been worked 80 much for its
product IS for the purpose OF proving
its value, yet with all dead work the
mine has proved very renunerative.
The tunnel, about 400 feet south Of
shaft, is being run =. right angles with
the vein, and for workmanship cannot
be surpassed. 1t can be used for the
double purpose Of cutting the King
vein and Ger tunnel site to discover
other lodes. The buildings consist of
shaft house and a large commodloas
ore house. The shaft is we'll timber
cd and all the workings in FIRST class
shape.
Old Mexico and Durango are two
mines belonging to New York COM
pany. They are very rich lodes and
their development is being extensively
pushed. There are more men en-
ployed at the Old Mexico than any
mine in this distict. The FIRST men
toned is sinking and daily puts out
large quantity of hne mineral. The
Durango is working IS or 20 men.
This mine is being tunnelled On the
vein and the production of ore is con-
siderable. Both nines have a large
quantity of ore on the dump, which
is being sacked for shipment. Mr..
Wilder, the superintenedent,is in New
York and Mr.. Pierce has charge dur
ing his absence.
Situated west OF town and south of
the Old Mexico, is the Ruby Chief
lode, one of the first mines located in
this district. 1t is very rich mine
and has been producing high grade
ore from the grass roots. Itis owned
by Brannand & Co., ard has an enor-
nous true issure vein. When machin-
cry is placed upon this property we
predict that it will equal any mine in
camp as to the production of a rich
quality and large quantity Of ruby,
brittle and wire silver.
Howard Extension, at base of Ruby
Peak, is mine which has no superior
in the county. notwithstanding this
fact, it has but little work done upon
it. The vein is an enormous one, 20
feet wide, with about two feet of pay
matter. Three different assays from
dump containing vein matter, ran
$166, 1894, and $s4o. 1t is the
: property Of the Iowa smelling compa-
ny of Crested Butte.
The Lead Chief, situated mile
northwest of town, was discovered
July "a, 1879, by A. T. Gilk,son;
the adjoining parallel lode BY his lit
tie boys. This mine isone Of the rich
est in the camp and is under the man.
agement of Col. E. P. Jacobson, a
prominent lawyer in Denver. 1t has
complete set Of hosting works and
splendidly rugged pump run by steam.
The shaft house is a model of its kind.
Work is being done on three shafts