The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1890-06-22
MINERS AND MINING.
Reports Of Rich Strikes, New Prospects
and General Mining News.

furnishes the best rock that goes to the
assayers in Helena.
The Okanagan Mining q Railroad COM
pany has been Incorporated in Seattle
with a capital of S5,0OO,0O0, The object
Of the incorporation is to build n own
secure railroad connections with the min
ing regions and build wagon roads
through the district.
The Champion mill, after a delay Of a
day or so from the break, started up again
Monday, and has been rafting away ever
since. Work ut the mine Is progressing
favorably. The crosscut at the AIS is now
in about eighteen feet, and steady work is
going on In the 35O-foot level. No ship
ment Of bullion was made this week.
Nco NOrfh,resf.
The shaft on the East Pilot lode, Anna
zon district, last week struck the foot-wall
OF the vein, finding an eighteen nch body
of gaIena and carbonate ore, with strong
indications of copper. The owners of
the propcrty-citizens OF Boulder-are
highly encouraged at the prospect. The
more work that Is done on the East Pilot
the better il looks.
The Alpine Gold and Silver Mining
nave decided to remove their
headquarters from Wickes to Helena, and
the following trustees were elected for the
ensuing year: John w. Russell, w. NJ.
Sprague. G.. w. Pitts, w. j. n. Cooke,
Charles n. Deur. At the trustees meeting,
held in Helena last Monday week, the
following officers were elected: Presi-
dent. William NJ. Sprague; secretary and
treasurer, G.. w. Pitts.
The output of the Granite Mountain for
the week ending June 10 was A bars of
bullion, containing 6s,515 ounces silver
and 1s6 ounces fine gold, Granite Noun
tain shares show a slight tendency to
weaken In the st. Louis exchange and
many deals are reported the past two
weeks, the trades being made on the
quiet. The stock is readily taken at S4i,
showing that there are still many eliev-
ers in the property Mt that price.
Last week we mentioned that a strike has
been made in the Hidden Hand mine.
The company has. been running an in
cline in on the lead on the north side of
| the hill, and is now i'm 100 feet on an in
| cline of about - degrees from the hori-
zon. The rich ore struck, as above stated,
was at a depth OF 80 feet i'm the incline,
] and assayed 224.5s ounces silver and $50
| per cent. lead. The ledge at this point
was about six feet in width. The ledge
has continued the same width to the pres
ent depth of the incline. The company
| yesterday shipped n carload of ore, be-
- NV 'hsF "ss
termine the average value.-Nep North
WeSt.
A communication from .Blackfoot City,
Deer Lodge county, to the Montdno Mining
R~erie,c, has the following TO say The
placer mines in this locality are in full
blast now, water being plentiful. Al
though this camp is not very lively at
present, yet the quartz leads are slowly
coming To the front, of which, nearest
town, is the Fairview. This property is
worked by n tunnel, which is about two
hundred feet long. Severa shafts and
cuts have also been made. From a car
load of ore shipped to Omaha this spring.
the owners, Coulson 4 johnson, realized
about fifty dollars per ton. Another pros
pcct belonging 10 the same parties is the
Last Chance. showing n vein of IL inches,
from which the ore assays from S64 to S16
per ton. This claim is worked by a shaft
which is down 80 feet, and a drift has
beer run from the bottom OF il, on the
lead, for about twenty-five feet. The
Roaring Mountain is another claim that
shows up well. Some of the ore from
this property assays as high as $3.50 per
ton. The character of the ore is burnt
pyrites of IRON. There are two shafts
sunk on the vein, which is rather small.
The Montana Mining Rerieip speaks
as follows of he outlook for the year:
Montana has started out at a pace that
will and her n record-breaker as N divi-
dend-paycr al the close of 1880. In 1889
the total amount in dividends paid the
Montana companies was S3,7li,25O, but
during the past five months six compan-
les alone have paid out in dividends more
Than 81, 10000, and from present calcutta
lions there can be but little doubt that the
sum paid in dividends this year will ag-
grcgate from 5 100000 To S5.OOo,OOO. Since
the beginning of the year the Alice COM
pany has resumed as a dividend-payer,
INT the Elkhorn company has been added
To the list, To say nothing of the hundreds
of private or close corporations that have
sprung up with paying properties. Ii is
safe To estimate that not less than half
the total amount of dividends yearly paid
by Montana companies Is unknown to the
public. and particularly is this the case
as regards most of the private or close
corporations, among which are the larg-
est companies in thes state, viz: Thu An
aconda company, Chambers syndicate
and Colorado company, the two former
ranking mong the greatest paying cor
porations i'm the world.