New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-03-25
NEW WORK DAILY TRIBUNE THURSDAY, MARCH o. 1880

short distance remains before reaching the ledge Mt
depth of 400 feet; Four ASSAYS OF ore repor'eu
Yesterday averaged 1907 90 per ton.
The Riverside Tunnel and Mining Company, OF
Ourav San Juan. Colorado, which owns ten mines
as well as mill and tunnel SITES received dspatch
yesterday stating THAI slXrioo' VEN OF ore WIS
exposed in the south drift four feet IN the north
drift and that the new DRIFT started lOO feet ABOVE
the tunnel shows three feet. The lower drltts are
producing from twelve to fourteen tons or ore
daily. concentrating mill of fifty tons capacity
will soon he commenced. az
raised the price of the working capital stock from
S1O to $12 80 per share. Very little OF the stock
remains unsOld, and after the amount OF work done,
and the present favorable prospects, the company 40
not propose longer to continue offerings at the old
price. ~
Iron Silver and the Hon. c. b. Farwell, formerly OF
the Little Chief, are now quietly acquiring all the
claims ard prospects possible in Tennessee Park ana
Roaring Fork Districts, Col.
Mining Company will expend about 5000, or the
necessary assessment amount, upon each OF us
thirty CLAIMS and then secure Government patents.
When tins is done the claims that show best will be
extensively worked.
The men at the Elko mine are working night and
dav in relimberng the lower tunnel The water
Jackets will be completed and shipped next week.
After they in position large we'd ~ PROMISED
The Lowlaud Chief shaft is down 10 feet. with
five foot contact in the bottom. Ihirty-hve feet
dcepcr drifts will be started. Eyeryth ng looks
vel ut the NINE. 80
Recent reports from the Colorado Central George
TO uize the large quantities of ore already opened
Two new shafts are about beng sunk, and new
machinery is about to be placed in position.
Notwithstanding the very severe weather which
has caused the hydraulic properties so much ncon-
vcnicnce during the past Winter, the Lewiston
Company report that they have been running neaciy
full time. and that " clean up Will shortly be
made.
The Ncw-Yorll Mining and Developing Company
organized under the laws OF the State of Connect
cut with capital stock of $1,OO0,OOO IN
10000 shares, of SO each. have, lately
opened an off lie in this city. The com
pany have for their principal and immediate
object the acquisition, working aud dIspOsng OF
mining properties u Colorado and ATzona. They
will start ont very shortly three prospecting parties
in the GunuisOu, El6 Mountains ami Elge RIVER
Dis rIcts The company also own the knickcIbQcker
claim. Lyaus tiulch. near Lpadyilic. 1"o mining
engineers who Will pass upon properties purchased,
are Colonel ]. II. Lowe. y. b. Lord. H. -. " JItjc-
moro and Arthur IHvrc.
The Tombstone Mining Company (Arizonal, en-
bra,IpE fhc i0dlh Nui, g ..Iu Iuodgn. W est SI4e
aad Defiance Mines cOntr ling interest whlch
was recently sold to lhiladcph9 + les, produced
Sis, 600 .ast month with ten STAMPS. Mhcn the
Tombstone. Contention ana Cor!sn Mills Or" RIM
nmg up to Their fall capacity, as they will be By
June il is estimated that they will ship T2OOOO)
per mOnth. Milling facilities are all this district
requires.