Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1893-04-25
The Big Contact MininC Company

The above named company owns
one of the largest mining properties
in the state of Colorado, consisting
of five patented claims and a patent
ed mill site of five acres situated on
Horn Silver mountain, Eagle county,
Colorado, about two miles distant
from Red Cliff. Four of these claims
are located on the lime belt, which
is the same contact on which the
famous Iron Mask and Belden mines
are located. The Iron Mask is pro-
ducing about 100000 per month and
the Belden at the present time is
producing over 81, 900 net per day.
Extensive operations were carried on
at very heavy expense by the former
owners of the Big Contact property
10 or - years ago and the develop
ments at that time showed as large a
contact in this property as is found
in any Of the best producing proper
ties located on this lime belt, and at
that time such an extensive body of
ore was opened up in the Big Con-
tact to warrant the erection of large
stamp mill on the Big Contact mill
site, intending thereby to overcome
the excessive freight and smelling
charges; but experience proved that
smelling was necessary for treatment
of this ore and nothing remained to
be done at that time but shut down
the mine, as the ore was not of suffi-
cient value to pay the enormous
freight and smelling charges which
in those days amounted to $50 per
ton; the average value of the ore be-
ing about $50 per ton it would entail
a loss of $50. This same ore can now
be freighted and smelted for about
SO per ton. leaving profit of about
$50, and now mines along this line
contact which laid idle for years are
| among the largest producers and best
payers in the state of Colorado. The
old workings in the Big Contact
property from long idleness have be-
come unsafe to operate in, and a new
tunnel has been run in distance of
$50 feet; about $50 or 800 feet still
remains to be done to reach the ore
body which was opened up in former
years. Fifty thousand shares of
treasury stock are offered at Is cents
per share for money sufficient to do
this work. The capitalization is
600, 900 shares at 81 per share full paid
and worcestershire, 200, 900 shares are
set aside for treasury stock. The
money from this 80. 900 shares will in
all probability be sufficient to reach
the ore body disclosed in the old
workings, and all indications go to
show that this property will make as
heavy a producer as any mine on
this lime contact, which, Judging
from the output of the mines along
this contact, will make every inves-
tor in this stock a handsome profit
and income investment. The tunnel
should be finished by Aug. l, and the
Big Contact numbered among the
steady shippers before many months.
The location is such that the proper
ty can be worked the year round.
Subscriptions to stock are hereby So
licited. No less than 100 shares will
be issued. All subscriptions of stock
must be in before June 1, 1898. H.
r. McClelland, treasurer. Refer
ences, the State National bank and
Peoples National bank, Denver, Colo.
Address all subscriptions of stock
accompanied by money order or draft
to II. r. McClelland, treasurer, post
office box 1862, Denver, Colo.