The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1892-07-30
DEER LODGE N
Elizabeth Is Looking Up-Promising Gu
look at the Alps.

Elisabeth Is Looking Up-Promising Out
look at the Alps.
Tuesday of this week the good news was
received of quite a resurrection in Eliza
beth stock ON tho st. Louis board, and some
sales were made at tn cents, which Is tho
highest it has been since the shutdown last
spring, says the Philipsburg Mail. Con-
sidering tina the stock is advancing in
price and demand with all operations sus-
pended, the outlook is hopeful and encour-
aging. 1t is generally conceded shat this
circumstance ia brought about from tbs re-
cent find in Elizabeth ground by the BIZ
Metallic company while drifting south
from the bOO-foot level in the Fanny Par
nell shaft. Since such discovery was made
investigations have undoubtedly been IN
der way by the Elizabeth people, az it has
lately been given out that the entire find is
in Elizabeth ground and the BIN etallic
people have ceased to claim any portion of
the rich vein. There is good reason nowto
PREDICT some very agreeable change III af-
fairs at the Elizabeth at nc distant day.
and it is the general belief that when it is
again put in operation 1t Will have a greater
boom than ever before in its history.
On the Alps everything is running
smoothly. A whim has lately been con-
structed on one of the c%ompany's claims at
least one mile distant from the mill, and
they are now taking ore enough from this
point to keep the mill in operation, and it
il considered richer than that taken from
the shaft on the Alps claim, which has
lately filled in with surface water to such
an extent that they could not continue
work il. it. The DEVELOPMENTS at the pres
ent workings have greatly stimulated con-
fdence III the property, as the indications
show that the great body of rich ore ex-
tends in their ground a distance of more
than a mile, and at it's present rate Of pro-
duction there is untold millions yet to be
produced from it when the works are event
ually enlarged. and when the ground can
be opened up to better advantage.
On the BIZ Metallic extension the north
crosscut is in about 275 feet, and the north
vein is not yet in sight. though it NAV be
encountered now at any time. Tbs drift
on the first vein is run east over sixty feet,
and punches of rich ore frequently passed
through. The management say the north
vein cannot possibly he more than fifteen
feet from the face of the c%rosscut now.
Some stockholders who were not content
with the published reports were admitted
during the week and find everything ~
represented; therefore,, it may be affirmed
that the mine is all right and the holders OF
100 shares may know as much about it al
those who are CHANGING thousands in it.
The superintendent of the Bland ssys be
is very we'll pleased with the outlook for bis
company now, as the recent strike, if il
holds out, is sufficient to make a good pav-
ing mine. The ore will average abou,
thirty five ounces in silver. and carries nc
less than 81 in gold to the ton. At present
tho tunnel will be continued until the eas,
vein ID reached, which it Is supposed will
excel anything yet exposed, both in rich
ness and extent.