The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1894-03-08
A RICH GOLD MINE.
Granits Coanty Probably Has the Bo
mana Of the hole state.

eranfe County Probably Has the bo-
nanEa Of the Whole state.
Among The visitors 20 Butte yesterday
YES Willarl Bennett the gentleman Who
engineered the building Of ths hrst street
railway In this city. Tut who is now en-
gagged IN handling the Royal Gold mining
property in q ante county. says the Butte
Miner. "A business man NJ. Bennetts
qualifications are well known TO nearly
everybody In this city. aud all who have the
honor OF his Acquaintance are proud OF the
success which be is meeting ia bis mining
business. Mr.. Bennett said with references
10 the Royal Gold mine;
ave were paying $1,000 per month in
dividends some time hgo. hut now We are
paying 81 600. There are three tunnels on
the property. and they represent total Of
2 900 feet. The upper IL the one from which
We arc taking orr. Tn drift IL In 200
feet. OF which distance $50 feet was Ia ore.
We are still drifting 81 the rate Of two
feet day. The face 10 In good ore and
ia about 375 feet from sue surface.
The middle tunnel IL 100 feet north OF
the upper end has a shoot Of ore 25O feet in
l. myth, n portion Of which has been mil led.
A cfosscnt has been driven from this tun mel
20 the upper tunnel, tntsTsecting the vein
a. point about 80 feet below vhs 10 or Of
the latter 4 be lower tunnel leads to the
ore bin at the mill. The vein 10 In granite
formation and 10 true hssure.
The lower tunnel h being driven 10 In
tcraect the veina OF tho middle one. IL will
also strike other veins In It's ooufss. and
will break into the middle vein 200 feet be-
low the floor aud into the upper 800 feet
below the floor. here IL in sight. blocked
out and stope- started, enough ore TO keep
the mill running eighteen months. 4 his
ore. together with that which has bsen taken
out and millsd since Sept G. has been
rlseed in sight since Aug. 10 Of last year.
~ - NANaa IL
attained. This Is IToVen eonolusivsly from
the fact that at the beginning Of the tunnel.
when the mill was first started and the ore
was taken from the surface. the saving was
S32 per ton. while nov IL is $50 per ton.
The ore 10 taken from ths upper tunnel
by means of q gravity uamwsy making
see saw on a double track. The mill 10
tsn-stsmgsr and works up about twenty
tons a day. The ore 10 flee milling. and
tho gold therein ia caught By the copper
plate process, Frue vsnneFs being ussd 10
concentrate the tailings. FOrtJ Ave per
cent OF the product 10 caught ia the MOI
tara. By the process used 30 per cent OF
the assay value of the ore 10 saved.
''As proof that ste ore increases In value
as depth IL attained. daring the hrst fifteen
DAYS Of February We deposited tll, 567,
from which amount We met the pay day OF
the month aud paid dividsnd Of $1,000.
Fo the remaining thirteen days Of the
same month We brought in 412,b11. de-
clared a dividend Of 80. 500 and paid 10 on
the ssoL leaving $1,000 to the credit Of ths
company for the next paT dnt. The In
creased richness Of the o'e demonstrates
beyond G doubt that the property, inolud-
ing the concentrates on hand since the
work Was started, will earn a net PROFIT OF
between go, 900 and $4,000 JsI month.
The property consists OF five patented
claims taking In {. 900 feet of the lead and
the ground on which the mill stands; four
unpatsnted claims and eighty acres OF
placer ground which takes in the Deer
Lodge basin ~ abe foot OF the mountain.
I be company owns and operates it's own
saw mill with which u saws lumber on the
ground, and has an abundanoe OF wood
Whish Is landed al the door Of the mill a. a
cost Of 81 Ter cord, also water nights Of
sufficient nagnitude 20 run much larger
mill than the one now IN operation"
Air. Bennett 10 one Of the pioneers of
this property, be having come into posses
sion OF IL thTouRh W. w. Turnsy. now OF
Deer Lodge. Mr.. Iurney lived IN Ana
condA Ia 1891 and Quilted two prospeotors
10 look for gold miueF. The men located
four of the claims Of the Royal Gold and
stocked them for $4,000 shares of a par
value of g. each. Iurnsy took 150, 900
shares and gave the prospeetors 100000
shares each. Then he secured a bond
on 100000 held by the pTospeotoTs and
went to Mr.. Bennett with a proposition
10 turn the bond over 30 him on sondition
that he would pat ~ Sb,OOJ a. working
capital and employ him a. aupoTiRtendent
al q salary OF $3.50 per month; ali OF which
Nc. Bennett did. aud took the bond. This
left Bennett the TOssessor OF four-ssVenths
of the stock and Ta.ney the remainder.
This was IN Jelly, 1891
MIR. Bennett mas managed 20 retain about
a third of all the stock in she oompsny,
while Mr. 1uFney has from time 30 time
disposed Ibis a. a net proht of $4,000
TuTney ID now in CalifOtnis. Mr. Bonnetrs
interest is now netting him $1,000 per
month.
Nelson Bennett OF Tasoma, a brother OF
willard. secured the bulk of Nj. 1ufnoy's
stock. and that. together with what he pur-
chased from Millerd. makes the interests
Of the brothers about equal. The head
office OF the company Is IN Deer Lodge.
The whole working force al the pro .ertV
comprises thirty-nvs men, thirteen OF whom
do all the stopping Tor the mill