Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1883-08-28

give indications Of large results
They are the Atlanta Mining Com
pany, the Big Lode Mining and Mill.
ing Company, the Atlanta Hill Min.
ing and Milling Company, the Bulfa.
10, and the Tahoma Companies.
The Atlanta Company's property
shows up best, and promises the most
This is composed of the old Monarch
and adjoining mines, comprising u
length Of 1000 feet along the lode.
Prior to Colonel Pettit's taking
charge, this property had seen many
vicissitudes, passing through many
hands, and been shamefully misman.
aged. The mine was originally dis.
covered in 1864 and sold to the
Greenback Company, of Indiana.
This company was q swindle all
through. The managers began by
swinding the stockholders, then they
swindled the dealers in mining sup.
plies, and wound up by swindling
each other. A new company-the
Monarch-took hold of it; but after
running 800 feet of tunnel without
finding anything they quit work.
Years afterward they leased the prop.
erty to parties who knew the
ground, took out over half million
d~llals in very short time, and then
gave up the lease as worthless, al
though there was from one-half to one
million dollars worth Of $5O.ore in
sight. Since then Colonel I'ettit has
had charge.
He went to work with the view Of
showing a mine. To this end he had
the drifts Strengthened, crosscuts run,
the tunnels re.timbered, and, finally,
he began sinking u irst-class shaft,
and erected over it works capable of
sinking 1000 feet. Atevery 100 feet
Of depth attained by the shaft level
was opened and the ledge explored.
In every case the condition of the
vein was found US Colonel Petit ex.
pected to find it. In the upper
working three ore chimneys had been
found. These were cut just where
they were expected to be cut-and
not only on one level, but on all the
levels, from the surface to the 400.
The showing thus made is really won.
derful, and competent judges esti-
mate that, between the new and old
workings, there is over s2,OO0,O0O
worth Of ore in sight.
The continuation Of the ore-bodies
seen near the surface having been
found as expected by Colonel Petit,
that gentleman's opinion concerning
the property in his charge is entitled
to great weight. 1t is that the Mon
arch for Atlanta) mine has the "nub''
Of the lode. In support Of this opin.
ion Colonel Petit adduces the fact
that volcanic dyke which accom-.
panies the ledge from its northern or
eastern extremity, crosses to the
southern wall in Monarch ground.
All the ore chimncys make toward, or
abut on, this dyke. Therefore, while
the other claims may, and doubtless
have, large orc-bodics, the Atlanta
mine will have the richest and best.
This opinion is not based ON mere
theory. On the Comstock 1.-THE
only lode lode comparable with the
Atlanta for extent, size, and, probably,
a volcanic dyke was found in
a similar condition, and accompanied
by the big bonanza which yielded over
sl50,00o,0oo.
There are over $500 linear feet Of
workings in the Atlanta, and that is
the lest developed mine in the
district. The company will erect
a mill next year, and the pro.
ductivc era of the mine will be.
gin for good. The value Of the ore
worked so far averages over 500;
but when the company shall have a
mill Of its own $30.ore will be worked
at profit.
THE ATLANTA HILL.
This company's mine, which is bet
ter known as the Last Chance, adjoins
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