Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1888-12-13

A New Company Forhacd TO Exploit
Valuable Eoslssh.

A New Company Forhscd co ExploI
Valuable Eodes.
The New Orleans States SAYS A part,
of prominent gentlemen OF this city snt
Birmingham have associated themselve,
in an enterprise that promises TO be a
1 good results TO the south. A COMPANY
was formed recently and its purpose il
70 mine the ore of tho Alabama qolt
mines less expensively than Western Roli
40 mined. Alabama iron is recogniget
The country over gs superior to northern
iron and 1t is a fact also Mat the gold o
Alabama Is superior in quality 10 thu
fonnd in tbs mines OF the west. IN,
Alabama ore is rated at $40 on ounce
while the western ia quoted et s93. go less
a very considerable difference.
The gentlemen who have gone into Oh,
new company, which is known as the
Anna HIVE company, are firm in thu
behef that they can mine this precious
metal Of Alabama with tar less difficulty
and Ia better way than the western Is
mined. The company is to operate
specially the minaa that were developed
not long ago in Oleburne county, ana are
known 70 contain most valuable gold,
Northern Alabama is one of the richest
and most productive IMMORAL regions to
be tound,ln the county, aud the mines
to which reference is mode kre situated
IN the heart Of these valuable depoSits,
The locstion Is two mites from Arboooo.
Chez and nine miles from Helm, Il il
on tho line OF the Georgia Pacifiorailway,
and may DO reached from BirmtnghatI
with little or no difficulty, in half hours
ride. =
Investigation by askilled expert shpvs
thafs arc ITO aeads Of pgging,ariss y,n,tbS
properly But oaly'da has thos sars beaa
developed, II is situated in the soutlIeie,
ED ,os theatraots $,hSncs n tiskts'Nshaioe,
thesonth Lode, and has d With o. DO Sfeet
bstGeendhs wapsIhna il ifteeaga5eIs y
mile trnlength. d 10 g; " I'D n a Il -
Five workable and papable, veins are
contained in thisa lode and saah isre-
markably productive. Iu addition there
are some smaller feeders which also con-
tain valuable deposits and which further
enhance the value OF the lode and increase
the amount of ore turned out.
The five veins consist OF quartz, more
or less impregnated with iron in the form
of sulphurets, and ere what is known as
contact veins. They are found in n
sN-Aohoo oihto Which UeUODleE
harder as depth is gained. A deposit of
gravel, heavy sand, gold carrying sui
phurets and free gold exists In o compact
mass immediately north Of the south
lode; slyThis depoti6iis 500 Rect I~eda,
averages, fSE, fsee, th55E, isIia seseet.des
along .tbe b9Se. Tires. fpuSS tbs Inf aHtFlS,
containing ta97 900 tons, u I, y ~ ~ g69'
u has aesnfound ithsa ltsllf actual ss III
value of this is sac S69psr ton. 5lLbe rs-
turns from the United:lstntssi ninb show
that airHhdy isaSstaly fydlHoaaf of 6ullurs
worth 'ps gold hSs BEEN taHhhif9ois Nfs1eI
on the sutfaos IN the Acbocoocbee section
OF Alabama, in which the mines as stated
before are situated,
la developing the mines the geologists
who are concerned in the uneYation of
them have found that the geological con-
ditions are identical with those that exist
in Gross Valley, CAL, and Black Rlls,
OAK, two of the richent mining districts
in the far west and the surface indication
and formation are the same in Alabama
and the districts of California and Dakota
referred to above. These latter mines are
the prizs affairs OF the country and those
who own them count their wealth high mn
In the millions.
Seventy per cent of the gold found in
the Anna Howe mines ia in free state
aud easily recoverable, Willie 80 per cent
is contained in the sulphurets, which is
recoverable by concentration in the i'm
proved methods adopted by lately erected
plants. Labor, timber and fuel are all
to be had at much less than onefourth
thnir cost IN The 1evs, and contracts crg5
now DO nads AZ - per ton Of ore, Whiea
will include all expenses of piaoir 3sa
OF the surface Tor milling. Wa,oi aud
timber Of good quality abound on the
property, reducing the cost OF milling TO
the minimum. Thirty tons OF ore can
be milied ct cost of not over SIS, or so
cents ton, which includes all expenses,
wages, oil, fuel, chemicals, and wear and
tear of the plant. Mr.. Alfred Brainerd
OF birmingham, Ala, has furnished q
certificate of assay, which gives the value
per ton as 1886 rs from quartz samples.
and $62 90 for quartz andpyrite samples,
taken IS feet below the surface.