The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1893-02-03
THE PROMISING ONTARIO.
A Rich Property In Deer Lodge in
which Helena People are
Interested.
Tho Development Sufficient to In
dicate What the Results
Will DO.
Important Coal Discovery Reported Near
Havoc Dividends Paid by Montana
Mines In 1899.

Among the recent claimants to public At
tention and deserving OF favorable notice 10
tho Ontario Mining company, orRsnizsd
JAM y, to to work the Ontario and three
other adjoining mines. situated about equi-
distance from Elliston and Rimini, jast be-
sond the borders of Lewis and Clarke
county in Deer Lodge, and accessible by
moderate grades to the railroad at either
point. Until the organisation of the pres
ent company it was the sole property Of
VIM. Dyer. who was one of the original
discoversrs and ~locAtors in the Summer OF
1886. Tie first car load OF ore from this
mine nhipped to the sampling wo ks III this
CITY netted over $500. Owing to disagree
ments between tho joint owners, culnin-
ntlng in a lawsuit, tho mine WAS not worked
to any conside able extent before August,
1891. when Mr.. Dyer became the sole owner
by the purchase Of his partners interest.
In order to pay the large sum for which his
partners interest WAS purchased. Mr.. Dyer
has worked the mine for immediate results
Mt great disadvantage. To any one who
wants to know exactly what tho mine has
done, a sheet has been prera cd showing
every car load of ore shipped from the
mine and the weight of the ore n tho
value in both gold and silver of the produce.
Such an exhibit will. better than any words.
convince the MOST skeptical and surprise
any one at the brilliant record the mine
has already mrds. The gross value OF its
ore product has been little less than $780,.
600. while the not value has been about two
thirds of that sum. Not a single ton Of the
5000 that have been shipped have cost less
than 1912 per Con for transportation in ad-
dition to treatment. Owing to this heavy
cost Of transportation only about ons-
ninth of the vein matter has been selected
for shipment. The great body of tho orc.
all of which will assay from $40 to $18 per
ton, remains on the dump or in the mine.
This is all good concentrating ore and there
is enough OF it to keep q fifty ton coacen-
traitor busy for three or four years and
enough value in the concentrates to pay the
cost of the plant and treatment and repay
in full the par value OF the stock and good
interest thereon. But the mine itself has
been developed BY the work done into oss
of the most valuable propei itiss in ths
state. The shaft from discovery reached
a depth of 2s3 feet and two
i snS the sn' other AZ 25 s'D' feet. OF ha ,s:
been run east and west 175 feet. Through
ont this entire distance the ore vein has
averaged from seven to eight feet in thick
moss and has grown wider and richer tbs
deeper the working has extended. The pu.-
chase price having been nearly paid and a
patent secured. Mr.. Dyer has associated
with himself some we'll known citi-
zens in u corporation to work this mine
hereafter for all there 10 in IL mi ON the
most economical scale. Tho company ia
incorporated with, tho modest capital of
$500. 900, less than half the estimated valuo
of the ore that ia now ready for concentra-
ton. OF this stock issued in payment for
the mine, Mr.. Dyer has vested in q trustee
to be sold at not less than par. 10000 shares
of stock, tho proceeds of which will all DO
invested in machinery N improvements
on the property.
Mr.. Dyer, the principal owner, 10 presi-
dent Of the company, and A. G.. Logan, who
he's acquired e considerable interest, il the
general superintendent.