New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-12-07
LEADVILLE AND IT'S MINES.

RICH III POSTS IN AMIE. CLIMAX AND DUNhiN
--,URTHrR EXPLORATIONS IN PRosPrCf-sVh-
PElslNG DEVELOPMENTS IN TIE RoBiRI T. LIZ
NINE.
frEoM A STAFF CORRESPONDENT OF THE TElBUNEl
IrApyuLr, Col, Sept. 1S.-The gentlemen VINO
Organized the Chrysohtc Company seemed to nave
done everything that was possible to guard against
disaster such as has overaken the Little I1ttsburs
and LATHE Chief mines. Unlike the latter OF these
two companies, which never owned more thah
single mining claim 800 feet long and 800 feel
wide the Chry settle cCmbiL aion embraced three OF
four mines which at the time of its formation
ajpeared to be among the most valuable on riNo'
Hill besides numerous other ADJOINING cI''"i''
any one of which, situated as they all were III ''c
midst of phenomenally rich mineral uiS'rlc.' was
likely TO contain an extensive body OF ore pelo'e
any of the stock of the company was ho'u W WV
pnhlic the mines which it owned were submitted
TO tho most careful and searching examination ~
the most accomplished mining experts III the coun-
fry Tho nipe was operated under the direction OF
q sunerintendent of national reputation. The under
ground workings were opca at all times lOr tile
inspection of any one who was prompted Dy inter-
est or curio ity TO visit them The development
work was kept far ahead of tie mining op-ratOhS
proper the proportion of the former TO the lat'eI
being at times as great as three to one, ana loi
months the oroin sight seemed to increase more
rapidly than it coald be taken out
IL IL not surprising. under these circumstances
that when it first began to be whispered about last
spriug. that the Chrysote mine was not looking
as we'll as il had DONE and the stock began to oe-
cline IN fine New-York market, persons interested
I'm the propcrty refused to believe the discourashg
reports. especially when Mr.. W. :. Reyes the ac-
compshed SUPERINTENDENT OF the mine declared
tina; there was occasion for alarm, and ai'er
Professor .ymond had visited LeadvJle aud re-
ported that there was still S7000OOO worth Oh ore
in tbs nine And yet the ChIysollte alihoulh
stronger Than the Little Pttshurg aud Little Chei'
was by no meaus an Inexhaustble mine. 1t paid
dividends as long It's managers dIreu /" W.
clare them, and fortunately stopped in time
IN nay up the la.ge deot Of more than S3oO'oOo
thar had been contracted az a time when IL
seemed as aough there no end to the resources
If the mine. and stil has considerable DouN oi
good ore left. which will furnish the money to pay
fcI further explorations.
EXTENT OF THE CHRYsoIITE ORE DEPOSITS
OF the two great ore slu.es which have made the
,incs q, the west side OF Fryer Hill valuable only
orc. the north shlte, opened out into large body
IN the Chrysohte ground. The extent OF tins de-
post m the VuIture, ChrysOlite and Carbonicrous
CLAIMS tall forming a part of the Chrysolte prop
ori1 was $50 feet. east and west, and near
the centre OF ii there was an immense
chamber $50 feet long, 60 feet wide ana ~
feet high from which the 81 dividends
were paid Directly west of the Little Chet llhe'
and forming part of the great north shute' there
was also IN tac Chrysolte ground a ienticular-
shaped body of from which the late heavy snip
meuts have been made. OF course no one can tell
what proportion of 10 has been removed but 1t Is
the opinion of those best qualified to judge that
only about one-fourtn of it remains This is the
last large body OF ore, except some small pockets
that Is in sight in the CbrysOlite mine, and while
have heard il estimated probably worth about
$4,000 1t would not be surprising If It's yield
Turned on, 10 be considerably greater than that
This ore body lies near the Roberts shaft, east and
northeast OF 1t.
While the ore in sight in the Chyrsolite mine VIII
soon be removed. there still remains considerable
area Of nuprospectcd ground belonging 10 tue COM
many that from Its location and the general strike
of the ore shute is very likely TO prove productive.
Unless the north Shute stops near the Roberts shalt
there must be a body of lying to the west OF 1t
in the Vulture ground, and is the opinion OF the
best miners in Leadville that some drifts ought to
be opened in that direction. Again very little ore has
been found III the south shute west OF the New Dis
covery lne although nch car6onates were taken out
Of the latter mine almost up to its point OF Juncture
with the Vulture. There is certainly reason enough
to expect find in this part OF the Cuysoite 10
warrant the expenditure OF some money in explora-
From these orief plantations 1t will be seea that
the Chysoli,e mine is IN far better condition to-
day than either the Little Pittsburg the Little
Chief. Unlike them, il still has considerable body
Of ore i'll sight which, although it may not be avail
able for dividends. will furnish the means for fur
thcr prospecting of the property The territory OF
the other two mines, wherever there are indications
of ore has been prospected the Chrysolte Company
still has two Explored pieces of ground either of
I'd ilfyonf
III 1t.
AMir, CLIMAX AND DUNEIN.
East of the three great mines which have writ
ten Of IN this aud two previous letters are three
smaller properties into which the great south ore
shute of Fryer Hill extends; they are the Amie, Gil
max and DunLin. The Annie adjoins the Little
Pittsburg claim the east and is parallel to II the
Climax lies east of the Annie and the Dunkin east OF
that. The south shute, after extending across
the New Discovery, Little Chief and Little Pitts
burg claims went into the Annie in a strong body,
Int soon divided into smaller shutes, radlating
from the main one like the spines of hsh-ta
and in this form went into the Climax
and Dunkin The Annie, being nearer 10 the con-
fire Of the shute naturally had the largest body of
ore of the three and has paid, believe something
over $500 600 in divideads and has earned $4,000
more that is available for dividends. but which still
remains in the treasury. The product of the Anne
has recently been small. but extensive underground
Improvements have been made and new bodies OF
ore have been exposed, so that by next month the
output may DO very greatly increased if it is
thought wise to make it larger did not 90 under
ground In either the Climax or the Dunkin. The
former has paid upward of 100000 in dIvi-
bends and is still steadily producing, and the Dun
kin is doing so well this month that there is talk OF
resuming dividends in October.
Ihave heard various estimates of the amount of
ore in sight in each of these mines, but, owing to
the character of the deposits, regard such guesses
unless made by competent experts after careful ex
animation, as of very little value The Annie proba-
4 haaa Of in Ill 9Th nd