The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1890-03-09

time Hon. John A. wooslsou, ID. Il. Sher-
man and Len Lewis were on the ground
and without q moments delay negotiated
the deal.
week with the secretary OF the state for
the Nanitoba Mining of Nei-
hart. with James Chamberlain AS pres
dent and Charles Berchard as secretary
and treasurer. The capital stock in placed
at 10000 divided into 35OyOuO shares, the
par value Of which In u each. One hum
dred thousand shares are treasury stock.
of which IL In proposed to sell 10000 shares
mt 10 cents each, for the urpos of OPEN
ing up the mine. The remaining $4,000.
IL not needed for development, will he
pro-rated among stockholders of the COM
pany. This property embraces about
fifty acres of Lame In the very heart OF the
mineral belt at | and Is known to
contain three distinct leads. The princi-
pal one of thesc Is the lead running
through the Queen Of the Hills, O'Brien
and Homestake ground, the Manitoba he
ing an extension or the south OF this
group. The lead on the group above
mentioned, says the Rocky Mo.nfaia Hus-
b~oaofman. il traced over 1000 feet by tun-
nels and shafts and shows in the bottom
of the creek as well as OH the southern
hill side. 1t is also exposed i'm two places
on the Manitoba, ground and rock assay
ing 100 ounces in silver has been taken
out. The Manitoba group embraces two
claims and n fraction. The fraction was
taken for q tunnel site. The
rises very abrupt and a 325-foott tunnel will
cut the lead at a depth of 500 feet, and,
ere the center Of the claim Is reached, will
he 100 feet below h surface.
The quiet work which has been going on
i'm various portions OF the New World dis
trict during the winter, has born it's fruit
and several important developements are
reported, says the Livington POST. f.. II.
Bowen, who has been working with two
!, all urintaP nm his StiIlvrnfar p,rnn&<-fr
was recently i'm town and reports very
satisfactory progress. All their work has
been lone On the Keystone lode. which is
the chief of a group OF properties which
Mr.. Bowen owns ON Red Mountain. near
Lake Abundance. I'm prospecting this
ground they have uncovered at the bottom
Of n shaft 4O feet deep, n fine vein of ore
varying i'm width from four to six feet.
The ore IL high grade lead ore numerous
assays returning from $500 to $500 I'm gold
and silver and carrying from 40 to 90 per
cent lead. The vein is dipping into the
mountain mt an angle of A. degrees, and is
to tap this at a depth OF over 200 feet that
a tunnel il now being rum. This tunnel
is now i'm about 25O feet, $50 of which has
been run this winter i'm limestone forma-
ton. Within the past few days they have
crossed several small veins of fine ore
strongly indicating that they are nearing
the main body. That this will be accom-
plished within the next few feet there is
little doubt. This is one of the most val
liable properties i'm the New World dis
| trict, one that is bound to realize its own
ers a comfortable fortune; one that with
railroad transportation i'm close proximity,
would be eagerly sought after by capital
lists, and yet, like many others, very many,
it's good qualities, it's value. are very rarely
heralded to the world by the mouth of
gossip. Very little is ever said or heard
about it. It's owners know it's value and
they are hiding their time.