The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1890-07-01
nued Hattering Reports from
Tho Castle Mountain District
New People Coming In.
Noeos 6om Champion--The Orc
Elmo Company to Have AS
oessable Stock.
1Ao kAySeono and Lion NIines-Other
1eWs from the Promising Gro
Elmo District.

OAsrLK, Mont, juno 2.-Lspecial. i
To m outsider there seems little to add to
what has already been said and written
about this wonderful carbonate camp, and
even TO one accustomed to tramp around
over tho camp among the hundreds of
claims IN process of development, the
STRIKES are 20 frequent that new one, even
tho big strike in the 500 foot level of the
great Cumberland, seems but a matter of
course. One may look for and expect a
large body of rich ore to be brought to
light In any of the many prospects being
worked, and at any point on this carbonate
keet. Il seems to be but a matter of who
shall get through the iron cap and pene-
trate the vast carbonate bed first. The
iron manganese seems to be only covering
to an immense and vast carbonate
bed, greater in extent, than ever before dis
covered in the history of mining. claim
owner on this mineral but who perhaps was
hungry yesterday, may to-day be pros
pective millionaire. Miners and capitalists
are focking in from all directions. The
hotels cannot accommodate the rushing
crowd.
The "California' and 'Silver Belt' mines
are maintaining their records as producers
Of large amounts of fine fuxing iron. The
Silver Belt ore runs 65 per cent. iron.
put of fifty tons of fifty tons of fine car
Donate ore. while the Great Eastern is
showing up hrst-clsss. We may soon look
for strike in the ''Crown Point" prop
erty lying between the .Cumberland" and
.Yellowstone," belonging to the Grown
Point" mining company, recently organized.
&uydum d Benson, the wide awake mining
brokers, are kept busy filling orders for
stock in the various companies, which every
mail brings, as the news Of the many strikes
rknn c.v o<~n sr
greater than the supply.
This years development will prove Castle
the greatest mining camp on earth.
Orc Elmo District.
On Tuesday, in the crosscut in the 800
foot level, the main lead was struck thirty
feet from the shaft. Two feet and half
of fair milling ore was obtained on the foot
wall, running perhaps forty ounces silver
and about 81 in gold, says the New North
west. The cross-cut is into the lead about
four feet, there being, after the good ore
was passed, white quartz. How wide this
white quartz will be is not known, but
from the character of the lead heretofore
has not been reached yet. It cannot be
told when the hanging wall will be reached,
but work is being pushed as fast as possible
in seven-foot cross The trustees are
we'll satisfied with the strike. In the east
35O-foot level some good ore is being taken
out and the slopes are looking we'll, with
fair prospects for keeping the mill running.
Reliable information came down last even
ing that there was six feet Of good milling
ore in the 6OO-fOot cross-cut of the Cham
pion.
poratad with 800 900 shares Of stock. loo, 600
having been put on the market at 20 cents,
p working capital; and 10000 of that was
9old. leaving 10000 in the treasury. The
trustees were not able to sell the 10000, and
they are now going to divide it pro, rata
among the shareholders at one cent per
share, and the entire stock issued will be
assessed. Tho company is down in the
shaft 200 feet, and about 300 feet of levels
have been run alongside the lead and CROSS
cuts made about every fifty feet. They
have now about fifty feet OF quartz, one
foot Of which averages 1e ounces in silver
and SO in gold. The balance of the quartz
is low grade. Work is being pushed in the
level. and the stockholders have great con-
fdence in the mine.
Mr.. Edwin Simpson has taken charge as
surety that good work will be done. The
shaft ID now down about 145 feet, running
along the foot wall. No crossout has been
made yet except the one which was started
at about the depth of lis feet, but which
did not extend across the lead. Three
Considerable ore is encountered in the shat.
in stYatas coming into the main vein.
At the sale of the stock of the Lion COM
pany, on Wednesday, for nOn-payment of
assessments, there were 3, 153 shares sold
out Of 10, 400 shares of delinquent stock.
Tho stock went at 1924 cents, some small
lots, however, going at lower figure. Work
is being pushed rapidly at the mine in sink
ing.