The Elk Mountain pilot., 1881-05-05
MINING BRIEFS.
Spring Creek property is advancing

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Spring Creek property is advancing
The difficulty among the owners of
the Bees Wax mine has been amicably
settled.
The Bullion King and Monte
Christie mines will resume work short
ly and erect machinery.
Several hundred thousand pounds
OF improved. machinery, for the En-
terprise stamp mill, is at Gunnison
awaiting shipment here.
Work will be commenced on the
Centennial tunnel this week by the
owners, Messrs. Short Bros. There
is fifty feet of work done on this
property.
The Durango tunnel is still pro-
ducing some fine ruby silver. The
vein is widening out with each stroke
CT the pick and the dump increasing
with richness.
The Venango tunnel, in Elk basin,
has now been developed sufficiently to
demonstrate the fact that it is in on a
true fssure vein Of enormous size and
richness that ruby and native silver
predominate; that tons of pay miu-
eral can be taken out daily; that the
mineral is inexhaustable, and that the
mine ranks second to none in the dis
trlct. A large force Of men are now
working the property and the shipment
of ore will be commenced in a few
weeks.
| The Micawber has shut down work
On account Of water, but it is thought
this will last only week OF so. This
property is too valuable to be allowed
to remain idle, and the sooner its
owners place the needed machinery on
it the sooner they will have the
pleasure OF pocketing large dividends
therefrom. The company has in
creased its capital stock to s25o,o
(and the present showing of the Mi
cawber alone justities it) divided into
1906 shares at SIS each.
We are glad to state on entirely re-
liable authority that Col. w. T. Holt
will expend on the development of
the Ruby King mine alone, quite
apart from what may also be done on
the Forest Queen, not less than fifty
to seventy thousand dollars for
labor account, over and above cost of
expensive machinery, buildings, etc.
We see no reason to doubt this, but
every reason why it should be true.
The Colonel has the money, and al
though a cautious man, his faith in the
future of our camp is steadfast. Be
sides this the developments already
made on the Ruby King have been
quite sufficient to satisfy the most con-
servative capitalist that the money ex-
pended in properly opening the vein
for extensive working will soon &c re-
turned a hundred fold. He has been
recuperating in Paris this winter, and
though he doubtless enjoys the gay
metropolis of arts, beauties and fash
ion as only an experienced epicurean
can. still we are glad to know that the
little PILOT was not neglected, as he
favored US witt, two now subscribers
from across the water, one being the
Hon. H. B. Sheriden, M. P, London,
England. While in Paris he received
a copy of the PILOT, and translated
it to his Partisan freinds, causing them
to want to come ard see this wonder
full land Of ,Beulah 1t is very proba-
bic that there will be considerable
foreign capital invested here this sum-
mer, as we have no doubt that the
Colonel made very favorable impress
sions with his graphic descriptions
and exhibition of ores from this camp.
We were sorry to see that number
OF Turner's were not present at the
ball on Monday night, which shows
that some of them do not take prop
er interest in this enterprise. The
Turn-Verein society is a German ia
stitution, but there being only few
Germans here it was joined by nearly
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