The Anaconda standard., 1890-07-17
MINES and PROSPECTS
Reports Of Rich Strikes, New Prospects
and General Mining News.
The Excitement over the Tin Cup
Discovery at a High Pitch
A Gold and Sill
yer Well.

A special from st. Elmo to the Rocky
Mountain Ne,rs says:
The Tin Cup mining region, which for
a long time has been perhaps one OF the
dullest camps i'm Colorado. has suddenly
became the greatest mining camp i'm the
world. Ii is very evident that the reports
sent out concerning find are correct.
II appears that some time since Meteor
mick and Lewis of Gunnison purchased
an abandoned property in Union park,
known as the Wall lode, for very small
sum, supposing at the time that IL was an
iron deposit and would become valuable
i'm the future; but. wishing 10 ascertain
the value OF their property, put men at
work on il. who discovered the vein of
gold quartz, which now on the face shows
three feet thick. and from assays made
in the camp is thought 10 run twenty-five
ounces in gold, while in many pieces of
rock in the same vein could be found free
gold i'm great quantities.
Visitors TO the mine pick up very valua-
BILE pieces Of rock from the dump contain
ing free gold. These were thrown away
by the former owners Of the property as
of no value. The ore will average $1,000
per ton, while quantities Of iron run from
ten 10 twenty-five feet thick aud assay
from Slo 10 ~ III goiu. ne situtton
summed up is as follows
IL the streak or vein discovered is con-
tinuous on 10 its dip 10 the usual extent Of
contact veins there is more gold in that
camp than any yet discovered i'm the
world since he days of the Cherry creek
excitement.
eighteen feet in thickness, the bottom ten
feet being iron magancse, the upper
eight feet being free gold bearing quartz.
The quartz is light-colored and the small
particles of gold are visible TO the eye
scattered through the rock.
The latest returns received from assays
on the iron ore sent ont Of the camp 10 be
assaycd were SIS per ton in gold. During
the past few days large numbers of people
have passed through TO Tin Cup, going TO
the new mine, and properties liable To he
jumped are closely watched.
The Denver and Rio Grandc railway
has had road laid out for many years
from their Crested Butte branch tn Tin
Cup. and they have gang Of surveyors i'm
the field.
The Union IPacifc is also watching the
course eff events carefully, and should the
vein continue better railroad facilities
will be speedily furnished for the trans
portation Of ore.
The amount of ore already taken out of
the mine will net Sl0o,0O, and il has only
been opened llttle over week. Large
quantities Of supplies are being taken
over the range Ia Tin Cup, and buildings
To rent are getting scarce.
A weekly newspaper called the star, ID
is reported, will soon bc issued.
Prominent mining men from abroad
have already gone over and invested i'm
such properties as are offered for sale,
and prospecting parties are be-
ing sent out by citizens residing
at distance, but no great
amount of work on the properties at pres
ent, as everybody will wait and see how
the vein on the Wall lode turns out. and
il will be week or ten days before il can
he asccrtained IL the streak is continuous.
The owners of the property are jubilant,
and their daily operations are constantly
watched. The vein has gradually in
creased in value. and there seems to be
no doubt that genuine vein has been
tapped aud not deposit. IL Mccormick
a Lewis are over the chimney there IL no
calculating the value of the mine; in fact.
there will not he money enough in the
county Ia purchase il.
The town is crowded with strangers aud
claim Jumpers arrive daily, and IL may he
that there will bc some trouble among
the miners for locations.