The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1893-03-21
WILL SETTLE IN FULL.
The Mineral Point People Have Ar
ranged to Pay All Company
Debts.
Big Rush to the Duncan River
Placers Predicted This
Season.
Tho East Granite Company, OF Philips
burg, to lie Reincorporated ON an
Tho East Granite Company, OF Philips
burg, to TIE Reincorporated ON an
Assessment Basis.

Correspondenoe of The Independent.
SPOKANE, WASH, Mach oo.-The Mineral
Point and Gear d'Alene Nellie mining
companies. which have recently acquired
much uuenviable notoriety in connection
with their operations at Osburn, in the
Caur d'Alenes, now announce that AL
claims against the companies for labor per-
formed last summer, and all other claims
for supplies furnished, ETC.. will be paid IN
full before the end Of the present month.
This will let loose a considerable sun of
none at Osburn, as the payroll for fifty
miners was some two months in arrears,
and local merchants were heavily involved
for supplies and blasting powder furnished
to tho mines last summer. 1t is presumed
that the tangle in which the Minnesota Of
ticials of the two companies have been IN
yolyed is about Strengthened out, and that
work will commence as soon as spring
opens.
E. nj. Callahan, of Killarney lake, IN the
Cuur d Alene country, ID in spokane anu
announces having struck good ore In Roou
quantities in the Sunset lode. Fourteen
inches of solid ore is o in sight, average
ing seventy-threc ounces silver, 81 per ton
in gold and about eighty per cent lead. In
an adjoining claim, the Standard. owned by
Callahan and partners. they have driven a
tunnel forty feet, with very encouraging re-
suits. Killarney lake Is situated III mat
rortiou of the Ceur d'Alene reservation
which was opened to settlement two years
ago, Several claims are being developed
this winter in that vicinity. On the BLACK
Bear a strong lead of white spar inter-
mixed with galena has been struck. This
is regarded as very encouraging. as the ore
of the famous Hunter mine at Mu!lan pos
sesses precisely this popularity. In fact,
the presence Of this white spar in the
Hunter oalena ia the chief annoyance that
tha manager of the concentrator mas 10
contend with. ~
The Duncan river placer ground in Brit
ish Columbia. some distance north OF the
rage among the mining fraternity. Inc
experience Of all mining camps has shown
that nothing will 80 quickly create a STAN
rede Of laree proportions as the discovery
of good placer workings. The placer mine
is the true "poor mans mine" The STAN
pede northward, which has ALREADY seS IN
will in all probability sweep past the haslo-
SLOGAN camps with their bonanza silver
claims, and rush onward to the Duncan
river. General Passenger Agent Whitney,
of the Great Northern road, states that 1t
is his belief that 6,0O0 or 5000 people will
start from Minnesota points for the Dun
can river within the next three months.
Manv Predict q repetition Of the California
stampede of 1S49.
An extraordinary strike of gold-bearing
quartz is reported from the Boulder creek
mines near kendrick, Idaho. s. A. Moore,
owner of the Sonoms lode. has been run
ming a tunnel during the winter. and at a
distance of about fifty feet he reached a
cave forty feet long. twentI-fve feet high
and twenty feet wide. The bottom is COW
cred with twelve feet of yellow mad and
debris carrying gold. The sides of the
cave are of ore, and from tho assays al.
ready made it appears to be very rich. the
total value being $15,071 per ton-729
ounces gold per ton, twenty ounces silver
and 40 per cent lend. Miners pronounce it
Q true fssure vein.