The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1892-02-16
PROSPEROUS JAY HAWK.
The English Owners Very Much
Pleased at the Outlook for Div
idends This Year.
Development Work Being Carried
on at Barker Despite Dull
Times Elsewhere.
Rich Ore in the Broadwater Group-Pros.
porous zosel Distriot-The Prospects
In Old Madison.

AZ the first general meeting Of the Jay
Hawk and Lone Pine Consolidated Mining
company, held in London several week.
ago, a vote Of thanks was passed Capt Pri'
deau, the general manager. In his report
to the company tho captain said: ''Since
taking possession Of the now property va
have erected y new engine and cage On the
Lone Pine shaft and put in tho necessary
track for our minc cars. The bottom or
700 feet level, has been driven sixty-fve,
making q distance of $50 feet from the
shaft, al in very good ore, the vein being
from four to seven feet thick. The incline
shaft on the course of the vein has been
sunk seventy feet below the 700 foot level:
the vein is from 1--WE to six feet thick of
rich ore. We are not taking out any ore
from these points, We having . sufficient
quantity from the slopes in the upper levels.
The surface tunnel has been driven fifty
feet toward the Excelsior shaft: we
have q vein of ore in the bottom and side of
this tunnel from two to four feet thick. On
connecting with the Excelsior shaft wo
shall extract the ore from this part Of tn .
mine. Having the terms of the contract
with the old company before me, ! hSvA
not pressed the driving of this tunnel as l
otherwise should. but now l shall have a free
hand in this direction. III Slopes at the
numbers one. two, and five levels are pro.
ducinr a sufficient quantity Of ore to keep
orr mills employed. am keeping the bot :
tom level and several thousand tons in and
above the number four level IN reserve.
The mine is looking very we'll. We have a
large quantity Of ore in the upper slopes,
and intend to kssp development work we'll
ahead, 40 that We can make regular and
continuous profits"
The chairman. in his report to the stock
= @N yrL L-.1 M. R--l Ah.A
they can honestly congratulate the share
holders upon possession Of such a valuable
property as that acquired at the recon-
struction of the company four months ago.
The pronerty consists of seven claims, all
covered by United States patents. The
principal work WAS on the Lone Pine claim,
where a perpendicular shaft had been sunk,
which at 1876 feet from the surface cut the
lode, giving backs of 700 feet on thu under
line. The value of the ore WAS reported as
best at the bottom of the mine, samples
taken from a stope above the first level
gave 1916 ounces. AT the first level east the
ore assayed 69-6 ounces and west 58-7l
ounces, while from the lower levels samples
of ore taken without any attempt at selsc-
ton, gave a yield of &C. 8 ounces. 1t is not
to be supposed, however, that the ore has
cut out at the d-pth just mentioned. be-
cause as soon as the property passed
into the possession of the company, Capt.
Pridesux commenced sinking the shaft be-
low the 1856 foot, but on the underline. thus
proving the lods as he went on, the result
being that the shaft is now down . further
depth of seventy feet, the ore showing con-
tinuously without any break. but having
changed somewhat in character and in
creased in value, while the lode is becom-
ing more perpendicular, which Capt. Prid-
eaux says is \ good sign. At the same time,
while the shaft was in the course Of sink
ing, the 700 foot level was being driven to
prove the lode, which was extended $50
feet, the vein being from five to seven feet
in width and the ore of q higher percentage,
and in the breast of the level looking as
we'll as ever, thus proving that tho ore i'm
proves greatly in value as depth is
attained. Nor is the work at the
lower level the only developments that
has been taken IN hand, for higher up
(the mine, be it remembered, lies on
the slope of a hill, the main shaft being
sunk at the lowest point) q tunnel has been
driven into the hill, resulting IN cutting the
lode again, whore it js proven to bs about
three feet in thickness, the yield varying
from seventeen to seventy-seven and a half
ounces to the tor. 1t will be seen there
fore, that wherever operations have been
undertaken the result has been to lay open
further rich bodies of ore that at this mo-
ment the mine presents a bsttor appearance
than when We entered into possession, and
without fear of contradiction l may say
that the position to-day Is more encourage
ing than at the time the contract was
signed"