Daily globe., 1880-07-19
SILVER SULHHURET.

SILVER SULHHU URET.
A Minnesota Company Which "Siruck Il
Big"in Colorado.
ST. PAUL is always prompt in seizing upon
any profitable business enterprise, and there
are more lucky business men in st. Pau
than in any other city of the same size il
the country. AS the consequence of this
business sagacity, we find company of St
Paul and Minnesota gentlemen who have Sc,
cured large and valuable mining interests in
Colorado. These gentlemen have organized
the st. Paul Sulphuret Silver mining COM
pany. The company is orgaized under the
laws of Colorado and a meeting was held
in this city yesterday afternoon, to perfect
the organization. At the meeting the fol-
lowing board of directors were chosen:
D. NJ. Sabin Saltwater, MINI.
NJ. D. Flower, st. Paul,
Ohas Shandrew, .
j. K. Moore, st. Peter,
F. A. Seymour, Saltwater, MINI.
N. K. Hubbard, Fargo, D. Il.
W. S. Goodhue, Saltwater, MINI.
John Douglas, Minneapolis, g
j. 81. Watson, ST. Paul,
Their mines lie adjacent to the town of
Lake City, Hinsdale county, and within a
mile or so of them extensive stamp-mills and
smelling works are located. This gives the
Sulphuret Mining company great adva ntage
as it enables them to make thorough and
paying test of the mines without having to
purchase expensive machinery. Before max
their purchase the gentlemen who have
now organized into a company, sent
Charles Shandrew to Colorado to in
spect the property. He secured the
services of old, experienced and disin-
terested miners and his report was SO favor
able that the purchase was made and the
company formed, of which the organization
was perfected yesterday. The mine is being
worked and a shaft has been sunk eighty-ive
feet, a we'll defined vein of rich mineral be-
ing found. The developement of the mine
has-attracted great attention locally and is
thus spoken of by the local papers;
Lake City Colorado Silver World. June S.
'THE sULPHURET MINE TO THE 'FRONT.'
''The purchasers of this old location, about
one and one-half miles south of this city, have
reason to congratulate themselves on the rich
returns which seem to await their venture, as
1t is improving daily as depth is ettained.
An assay of the ore from the bottom of the
shaft, which is now seventy-three feet deep,
made by Bouton, gave four hundred and sew
enty-si3 ounces silver per ton, The ore is fine
crystalized gray copper, with brittle silver dis
persed through a soft gouge of carbonate of
iron. Width of the vein at bottom of shaft is
six feet. The shaft is timbered from top to
bottom in the best manner, and will be sunk
to further depth of one hundred feet BY
the time the contractors reach this depth ma
chinery will be on the ground, ready for opera
tions.''
From the Mining Review, of Lake City, Col
orado, June 4, 1SS0.l
sULPHURET.
Considerable excitement was created on our
streets Tuesday, by the announcement that
blast in the Sulphuret had thrown out large
quantities of rich, brittle silver, gray copper
and sulphurets. Investigation confirmed the
report, and the st. Paul gentlemen who havein
vested in this mine may we'll congratulate
themselves on their good luck. An assay of the
ore taken from the mine On Wednesday, made
by Bouton, exhibited 476 ounces. The vein is
six feet wide.
Fayette Marsh, ESQ.,, of Saltwater, one of
the stockholders and original purchasers,
has just returned from Lake City, and was
present at the meeting yesterday. He con-
firms the previous good reports. He exam
ined the mine with G. K. Sabin, one of the
most experienced and oldest miners in the
State. Mr.. Sabin is very favorably impressed
with the development thus far, and believes
the Sulphuret will prove one of the most
productive and best paying mines in
that rich mineral region. Mr.. Sabin
has located some of the very best mines in
Colorado, and as his opinion is counted as
almost infallible in that region, it looks as
though the Minnesota company had struck
a bonanza. A mill run was made while Mr..
Marsh was there from the ore taken out in
sinking the shaft, and it produced seventy
nine ounces to the ton. The assays made
by standard authorities run very high and
all indications point to the Sulphuret as be-
ing likely to prove one of the big mines of
the country.
The same company has another mine
known as the ''Texas Boy" on which there
has been but little development as yet. The
prospect on the 'fTexas Boy" is excellent,
and the company propose to proceed to de-
velopH that soon. These mines can be work
ed the entire year and if the company meet
with the success which now seems probable
there will be Bonanza Kings" floating
about Minnesota disputing the laurels of
their Pacific coast brethren.