Butte semi-weekly miner. [volume] (Butte, Mont.) 1886-1890, 1886-12-04
THE GRANITE NINE.

fHE MINER is in receipt OF the annual re-
: of the Granite Mountain Mining Com
y for the fiscal year ended July 81,
6. 1t contains a foil statement of the
IRIS of the company, and shows-usinl
language of the President, Mr.. L. M.
nsey-that the Granite mine is without
val in the worlds history as a bullion
ducing and divided paying property.
mine commenced paying dividends
il 8, 1885. At that date it had only
nty stamps in operation. Ten stamps
Q added to it-making thirty in all
ober %, 1885. On the 21st day OF
/ month, or the day before the ad-
Onal ten stamps commenced dropping,
tenth dividend, a~ggregating $40, 900,
Nh paid, as the six months product Of a
nty.stamp dry-crushing chloridizing
HI. Such a showing fully bears out the
tement OF President Rumsey.
Viz to August the 18th of the present year
MI company declared eleven dIvi-
Nids, aggregating 100000, the product
Nts thirty stamp mill for the ten pre-
ling months, making a total of $780,
W paid in dividends from April 8, 1885.
august 4, 1886, an average OF $S1, $50
month.
East May the company contracted for
for another addition to the
Of forty stamps, which it is expected
be in operation by the first of next
Euary, thus more than doubling it's out
4 bringing it up, say, to $175,OOO per
18th, OF $2,1OO,O 900 for the year 1887.
y is a very low estimate, and will prob
y fall far short of the actual yield.
bident Rumsey, who is in a position to
w whereof he speaks, places it much
Ter. In his report he says: 1--WE ex-
the product of the new seventy stamp
ht will be fully 24O. 900 ounces of silver,
not less than $4,000 in gold per
18th. In addition to the above, all our
Va frst-elass ore will be sent to smelters,
u considerably increasing our monthly
but" Taking these figures and rating
ler at 81 per ounce, we fnd-not includ-
fxtra first-class ore shipped-that the
II output OF the Granite mine for the /
I 1887 will reach 81, &c., 900, or in
hd numbers So, 900 900. This is GER
ny a most gratifying exhibit.
be company is erecting new hosting
ks Of sufficient size and power to work
main shaft to the depth OF 5000 feet.
also putting in new compressor plant
10 new pumping plant OF the latest and
patterns, the whole to be run by one
tery of four steel boilers of 300 horse
aer capacity, all erected under one roof,
$50 arranged as to be handled with the
y possible amount OF expense. These
also be completed about the first OF
January.
sr the year ended July 81, 1886, the
pany milled S,3SS tons of ore which
81, 1884, .54in gold and silver. The
! expense OF every nature and kind. in
Htana and st. ~Louis-except the pur-
'e Of property for the same period of
was $2S0,S11.39, showing a net
il for the year OF s1,O5s, O9s. 63. Is
b a mine in the world that can make
a flattering exhibit?
leaking OF the plans OF the company
sident Rumsey says: 1.-THE plans of
company, as far as at present deter
bd are: First, to continue the sinking
ae big shaft (now called Ruby shaft)
lat proper intervals, say not less than
feet, to crosscut to the vein and start
leo new levels east and west on the vein.
his means we hope to develop our
perty SO az to ascertain not only the
. OF the mine but also the character of
pre-, so that, should it be necessary to
{ our ores at depth by some process
= than that employed in our present
We shall have ample time to erect a
able plant of sufficient capacity at some
,enient locality; and
eondly, We propose to push our de-
pmsnts eastwardly by tunnels as rap
a. possible, hoping to develop still
ter bodies OF ore to supply our present
ing plant with work for years to come,
to ascertain the value OF the remaining
20 feet OF undeveloped property which
'wn ON the ledge"
sides the Granite Mountain mine the
!pany has taken up ten claims, upon all
'hich ore veins are found. 1t has made
lications for patents upon five others,
has purchased three, making a total of
teen claims owned by it. 1t owns 200
9 OF land in Flint Creek valley, upon
to build tailings' yards, fumes, etc.,
! necessary, and has about 10, 600
9 OF wood on hand. This is q grand
ring for a mine which was but a pros
six years ago, and upon which work
suspended-if we mistakenot-once or
} on account of it's very discouraging |
ook. There are doubtless other just I
mines in the vicinity of P%hilipsburg, +,
t will require time, patience, perseyer-
and capital to develop them. Z