Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1892-11-10

4 Eis shiAs nade h he Reiy Rsses Il
creeds. Gel.

uxxxEr. Nov. a--tpne OF the biggest
| strikes in the history of Crcssie has been
made in the Holy Noses. There IS 4 i've
foot vein of good orr wish m is-iaeh streak
running SIass TN. Il Il hos aetiaisels
set,lea that ih> CLEOPATRA properly
situated hrtwern The snasstyst
and Little Mail. has 81 last enroan
! tered the AyByttii ,esn. and as s.son as Il
little development rsa he done snoshsr
Skipper can b. looket fer.
Another strike of i,srorssnce iarins tbs
week was one Oh the saa- vein as the
King solomon i'll the Nancy Hanks
/ property. Operators in the Spar lode
came into a streak of ore on Mon
DAY. two samples of which assayed
2.pu ard 3aao ounces in silver 10 the Ton.
/ Another strike was male in The New Dis
euvery where s;x-ineh ,ein of ie-oanrs
/ ore was uncovered. This the Operators
/ believe to be the Amethyst sein.
Another scene of considerable mining in
terest at the present time is the producing
caup of Rico. Unlike most camps
1 the leading producers are in
the control Of one company, who
are half the time in litigation for the re-
| u,ain,.cr of the properties The district
presents unique features, unparalleled in
any mining district in the worli. The gen
I eral structure of the mountains is strait
/ ied seiimeBtars or aqueous formation en-
braeiag periods of every age from the
| Lower Si.urian 10 the first tertiary Period.
The mildle of the town seems TO have
been the centre of stupendous upheayal
/ from which strata of the formation dips at
an angle of from five to % degrees from .
horizontal plane. There are three distinct
systems of veins on The principal productive
mountain-the flat contact. the vertical or
assures, and the cross veins.
The Latter rarely carry value, but tie
others generally contain fine ore. The ore
found varies from $50 10 $1,000 per ton
j The output for 1891 was 50oo tons, val
uel at 81, POI, 600. For isY2 the value of
the output will be between S;i.5Go 900 aud
81 100000 The Rico Aspen Enterprise
group of mines are giving fair reports.
With the approach of winter preparations
are being carried rapidly forward for .
vigorous campaign among the properties in
the mountains adjacent 10 Aspen. Large
quantities of provisions are being taken 10
all miaes before the roads break up, and
from present indications larger number of
claims will be worked this winter than ever
before
The Smuggler, which has been carrying
on extensive development work, has now
reached the 5o0-foot level The MoIlie
Gibson is again displaying her marvellous
capacity. 1t is as possible for the mine To
produce $500 900 month as Slo0, 900. it be-
: ing simply question as to how much the
owners are willing to sacrifice and the
smelters accept. A large body of ore has
been uncovered in the Deane group other
mines are making good reports.
A strike has been made on the South
Lookout Mountain, near Silverton. by sew
prospectors. The vein discovered looks
we'll, having at present solid streak of ore
Is inches wide. The North Star mine, on
Lookout mountain, is n heavy producer.
The Henrietta, at Red mountain, shipped
car of peacock ore last week.
The Jay Could at Silver Cliff is con-
tinually improving As depth is attained.
The latest ore discovered in the winze is
very compact and heavy; besides IL
ounces in silver it runs 10 per cent lead.
| The fair weather of the past ten days has
had the effect of stimulating the miners and
: prospectors around Copper Rock to re-
newed activity. The Orphan Boy, Free
Coinage and Nelly BLY, give encouraging
reports.
With the exception of u strike in the Poe
ahontas, reported rich in silver. Leadville
has presented no unusual features this
week. The city mines are all either at
work or making preparations to resume OPP
. eratious in the near future. The Small
Hopes and other leaiing properties are
producing large quantities of ore and the
output for October in this district exceeded
5000 tons.
1.-The Anaconda mine at Cripple Creek ap-
pears to be in hard luck a local paper
this morning publishes the following inter-
view:
The Anaconda mine was closed. said
Secretary Belts, because we are getting a
low grade ore and because we are
So 900 i'll debt. For some time the
character of ore we have been getting
has been poor, and besides We have poor
facilities for handling the product, it not
being paying scheme to ship by wagon.
These are the reasons for closing the mine.
4 meeting of the stockholders will be held
on Saturday and the matter will be then
fully discussed
. Have the big stockholders been selling
stock
:" No. | know that the managing stock
holders have not sold dollar of stock Mr..
Moffatt has all his stock and 50 have the
i others. OF course if the stock holders do
not come to the rescue and raise this $780,
1 claim. which is in notes not yet due -
This is the mine which created such a
Juror some time ago.