Helena weekly herald. [volume] (Helena, Mont.) 1867-1900, 1883-02-22
THE MONTANA COMPANY.
The English Gentlemen. Who Compose the
Corporation.
Prospectus in London of the
Drum Lummon Property.
London Telegraph.


:, porated under the Companies Acts, to acqui
y and work the Drum Lummon Reef, Mary
70 vile, Montana, q. S. A, is believed to be OF
d OF the greatest gold and silver mines in IL
'e world. Capital 100000, in 100000 share
= of e2 each, of which 100000 are taken
part payment of the purchase money. Nea
ly 100000 have been already applied TO
Price par, or e2 per share, payable as 70
= lows: 2s per share on application IS. p'
share on allotment; los. per share on th
10th of March, 1888; los. per share on tn
a 10th April, 1888; los. per share 10th May
1888; or the shares may be paid up in flu
on allotment. The mine being alread
opened to sufficient extent to admit &
working upon large area, early profits ma,
be expected which will be largely increase
upon the completion of additional crushin
and other machinery
n. Story Maskelyne, Esq, NJ. P. (Chail
man,
j. R. Armitage Esq, j. p, Bradford.
The Honorable Bernard Fitz-Patrick, NJ F
Wilmot Holland Esq, (Messrs. Birley
Smith & Co.,, London.
Thomas Pyke, Esq, (Messrs. Birley, Smitl
& Co.., London.
Mercantile Agents-Messrs. Matheson {
Co., 3 Lombard street, E. c., London.
Bankers-Messrs. Smith, Payne & Smiths
Lombard street, E. c., London the Com
mercial Bank of Scotland, Edinburg, and it
branches.
Solicitors-Messrs Hollams, Son & Cow
ard, Mincing-lane, E. c., London.
Brokers-Messrs. Brunton, Buorke & Co.
Is Finch-lane, E. c., London Messrs. Lowrie
& Ker, Edinburg; Messrs. Auld & Guild
Glasgow.
Auditor-T. A. Welton (Messrs. Quilter
Ball & co.,, S Moorgate street, E. c., London
Secretary-Mr. James Johnston.
Offices-30 and 81 st. Swithines-lane, E
c., London.
The Drum -Lummon Silver and Gold Mine
which has been agreed to be purchased by
the Montana Company (Limited), has been
personally inspected and examined by John
Darlington, ESQ.,, Of Coleman -street-build-
ings, London, Mining Engineer, and by Stew
art Pixley Esq, head of the firm of Pixley
& Abel, the well known bullion brokers OF
q Old Broad-street, London.
The following is a summary of the con-
clusions arrived at from the reports of the
various engineers:
That the lode is of the unusual width in
the main cross cut of 80 feet, consisting ex-
clusively of pure quartz matrix, of ample
richness to yield large and lasting profits
That although the operations hitherto have
mainly been for the purpose of opening out
the lode the whole Of the quartz removed
has been milled, and has been sufficiently
valuable to pay the entire cost of the work,
and leave a considerable balance, notwith-
hot oh hot
| e5 of bullion per ton has been left in the
tailings.
That the quartz obtainable in the present
workings upon space $50 feet deep and 375
feet in length, after making liberal allow
ances for low grade and sterile portions, and
taking only 50 per cent. of the width of the
lode, is exceptionally large-150,O00 tons
of the estimated value OF e75O0OO.
That at the depth of $50 feet the lode
maintains the same appearance as above that
level, and that the prospect of obtaining ad-
ditional supplies in advance of and below
existing workings amounts to a practical
certainty.
Mr.. Stewart Pixley's conclusions coincide
with the above, with the following additions
That taking greater width of the lode,
but still much within the width of so feet,
the present workings at the depth of $50
feet, contains 100000 tons Of ore, estimated
to be worth, say, FL 100000.
That on each side (north and SOUTH of
the area of the present workings, at the same
level of $50 feet, the quantity Of ore may be
estimated to be over 100000 tons.
That assuming the lode to hold out down
to the proposed 55O-foot level, to which it
can be economically worked, the ore con-
tanned would, on the same basis of calcula-
ton as above, amount to from 100000 to
1000 900 tons, sufficient to keep the mine at
work for the next 100 years.
This extraordinary mining property is sit
uated on the side of steeply-inclined noun
tain at Marysville a small town about 70
miles northwest of Helena, the capital city
of the Territory of Montana, in the United
States of America.
The Northern Pacific Railroad will, in the
course of the present year, be opened to
within 10 miles of the mine, which will thus
be put into communication also with the
Utah & Northern Railroad. The wagon
roads between the mine and the railroad are
excellent.
The mine is within one hour of London
by telegraph.
The Drum-Lummon Mining Claim is 1,5O0
feet in length by 800 feet in width. This
claim is held under patent of the United
States Government, and is free of all rent
or royalty.
The mine was discovered by the late own
er in the year 1877. 1t has, however, only
been worked to the extent necessary tor Its
investigation, opening out, and development.
The prevailing rock of the district is graL-
ite of whitish-blue color, locally traversed
by an elvan or porphyritic dyke OF consid.I-
able width and persistency, i
The lode within the limits of the e'-plora-
tion is entirely filled with quartz, consisting
of gold and silver ores, aud is of the width
of so feet between the foot and hanging
walls. .ft.t,es. ,#5..il1.,a- 4
The hanging wall is composed of granite
and the foot wall of elvan, an intrusive rock
from 400 to 500 feet thick. a. saI 8bi
The dip of, the lode is towards the east, at
an apparent angle Of 7o0, and its bearing is
The lode has been investigated by means
both of underground and surface working.
--s
+.