The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1891-04-11
Another Property Near Helena to
Be Developed by Experienced
Miners.
Opportunities for Home Capital to
Add to the Wealth of the
County.
Work of the Golden Leaf Company-News
From CastIc-First Payment ON tho
Delamar.

bonded by Prof. Barnhart ana MesSrs. Hal
and Sprague. TIL bond runs till Septem
Der. In a few days the work of developing
the property will be commenced, q shaft t.
be 100 feet deep being started on the east
end. The mine is located on a contact
between lime and p%orphyry, n of the best
formations known to mining men. There
ia an incline down thirty-ive feet, from
which some very fine ore has been taken.
It is a hard carbonate and gray copper. as
500 to 1861 in gold and silver. Some sever
or eight assays have been made, one of then
going $43 in gold, another $l9t and still,
another S45.
The bonding of this property by practical
mining men means a great deal for the fu
ture of a section in whose prosperity Hell
ena has a direct interest. This is not tn.
only property in the same vicinity which
has a good showing. but there are numerou:
others just as good as the Parrot
which only needs capital to make
them producers. The owners of all TIE
claims in this district are men of limiteo
means, who are only able to WORK
~spasmodically on their property. and be-
cause they are so close to Helena, they say,
unu IL lmpOSSlDle 10 lHtereSt I1eleHa men IL
them.
MIR. VIM. M. Sprague, referring to the
opportunities Helena men have in the mines
near this city, yesterday said: 81 have
mined in almost every state in the union.
as we'll as across the line. Twice | have left
Montana, only to return. This last lime
l have been back two years. and will never
leave again to mine in any other state.
More money has been made in Montana
mines in proportion to the money invested
thar in the same kind of property in any
other state, and fewer investments nave
failed. We have better mines and more of
them than Colorado, despite the fact that
the latter state has been prospected q thou
sand per cent more than Montana. Another
thing. There is within a radius of twenty
i've miles of Helena as rich, if not the
richest mining section in this state.
Many of the mines that are paying now
are owned by outside parties, but there is
no reason why Helena men should not reap
the lions share of the profits. Go in any
direction from the city within this radius,
and you will find properties, with enough
work done on them to justify the expendi-
ture of caritsl in their development. Take
it within five miles of the city. | can name
a half dozen properties which are steady
producers, have been shipping ore all win
ter. and yet will venture to say that not a
dozen men in Helena, outside of those di-
ISCtly iuuSICStSLs AuOW anything ABOUT
them. These mines which are producers
are not the only good ones in their neigh
DO hood. There are others, but our local
capitalists seem not to know of them. Take
the Bell Boy, located near the Old Penob-
scot; it has made regular shipments of ore
this winter, and the returns are something
big. Then there is the Humboldt, near the
Parrot. out of which the owners are making
q nice thing. One of the most eminent
mining men of my acquaintance, on a re
cent visit to Helena, after an inspection of
some OF the locations close to the city. pre-
dicted that in ten years the output from the
mines closely surrounding Helena would be
larger than from any oth3r single section
of the state. Of course it will take capital,
and the business men of Helena. who in
terest themselves in mining propositions.
would do well to see what they can dc close
to home before they put ali their spare cap
ltal into sections furthe: away. | am in
favor of developing all the mineral resour-
ces of the state, but | believe it is good pol
icy for Helena people to encourage the de-
velopment of properties near the city"
The Golden Leaf, Limited.
Manager Harry Longmaid, of the Golden
Leaf, was among ths arrivals at the Cosmo-
politan, yesterday. The Golden Leaf Co.,
in addition to owning the Empire property
is also possessed of lot of property neal
Bannack, both placer ground and quartz
claims. Until within a few weeks Mr..
Longmald has only had charge of the En-
pre- property, but recently the company
made him the manager of both their En-
pre- and Bannack interests. Since assum-
ing charge of affairs at Bannank
he has made a number of changes
in the manner of operating the mine
and 10 now about completing a contract for
a ten-stamp mill to be placed on the ground,
The placers will be worked this year, the
expectation being to employ about sixty
men on them. and in the other operations
OF the company. The force at the Empire
also, will be largely increased during the
ummer Under Mr.. Longmaid',. careful
management this latter property is coming
to the front, and while no dividends have
yet been declared, the mine is doing a grea'
deal more than paying its way. while as de-
velopment progresses the ore, both il
quantity and quality, grows better.
The Castle District,
H.. P. Suydam, Of Castle, arrived i,
Helena from that booming camp Thursday
and is a guest at the Grand Central. MI
Suydam brought with him some of tn
richest rock ever found in the camp. Assay
running from $778 to 81, $50 to the tor
lie Is not prepared at present to say frou
WHAT mine the ore came, but he believe
that the property is destined &
become one of the greatest pre-
ducers in the country. Speaking 0
the prospects at Castle he said tina
work had not yet started up in full force
owing to the snow. Things are lookini
very bright, however, and from the letter
received, not only from various parts O
Montana, but from all over the country
great influx OF people is looked for thi
spring. Many of these newcomers ar
looked tor from Colorado, people in tina
state seeming to take a particular interes
IN the Castle camp. Mr.. Suydaln has re
Gently prepared a most comprehensive ia
Bile of the mines i'll the vicinity of Castle
giving the total number as nifty four. @
these the Cumberland shows the creates
development. with three shafts, LOO feet o
levels, and 100000 ton OF ore in sight, TIL,
Yellowstone has two shafts, 800 feet of lev,
els and 10000 tons of ore in sight. Follow
ing these in point of development and o.,
IN sight, come tho California, Great East
ern. Legal Tender, Hidden Treasure. Blncl
Hawk and Silver Belt.
1t is expected that the Cumberland small
er will be- ready for business about NAV /
ana from that time on till snow flies a orea
deal OF activity Is iooked for in the camr
A large amount of capital will be put int
the Castle mines this year, and with tn
present showing the result cannot but h
satisfactory to those who invest.
Payment or the Deiamar,
The sale of the great Delamar mine i,
Owyhee county, Idaho, to a syndicate G
English capitalists has been completed b
the deposit at the Boise City National ban
of $475,OOO to the credit of j. l.. Delamar
Besides the $4,000 paid Delamar HI ais
1l1ln 81 Inn