The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-12-08

ton Or "A ton of rock, which will be pur-
chased by the shelters at prices aston
ishingly large. These shallow holes in the
ground are paying their own way, con-
Se4uehtlN the owners are not eager 10
sell unless they can get price sufficiently
laIse TO ln1uce them TO part with theiT
property. With a formation so different
from all previously accepted geological
theories. with a great area of prospective
mining territory Cripple Creek has he
come center for speculation I'm mines and
III stocks The owners OF claims do not
cave 10 bond or lease their holdings, but
reserve their properties to cash offers.
the gold strikes of Leadville became
known through John CampiOn and his
great Little johnny mine This dis
covery of gold in a new mining place in
the LeadVille field has resulted in the eN-
position OF a theory about a gold belt"
Cd. The gold ore zone is believed to be
three miles long, and the ore so far found
ranges from $40 ton TO $1,000 for a sack
lll me hex Company. which operates
the Little Johnny with other adjacent
properties, has already taken out over
SVO'0J while sinking shafts and run
gun to 'stope," vet from its four shafts
and many levels 1t has enough ore in
slght TO keep the machinery busy hoist
ing rock for ten years. The output for
the mine in October was $4,000 Ii ri
Eals the dreams Of Aladdin to listen to a
uetalled description of the ore discoveries
OF that one company
Early last spring many shafts were
started TO fnd this wonderful gold de-
post, nut the great flow of water caused
large expenditures of money for pumps
and the progress of work In the Ieadville
gold field consequently has been slow
Recently the Turbot mine struck a new
ore chute bearing silver values astonish-
~ high. one streak of ore assayed 1000
ounces of silver. The Bison is producing
~ tons daily or argentiferous iron ore
which has a value of about so per ton
An immense body of this ore is in sight
The Wolf Tone. one of the oldest mines
IN Leadvile Is shipping over 100 tons
ually OF sulpuhides. Down in the lower
workings of the Maid of Henrietta great
bodies of carbonates are stll yielding a
handsome profit. The old mines with the
new properties of the gold belt are fur
nishing a tonnage to the railroads which
Is most reassuring TO the permanency of
the camp.
Aspen. with its entirely silver-bearine
ores; mas struggled against adverse fate
A plan of leasing has been made how
ever which is a marvel of the mining
world, and the result is that the great
mines are being worked at a fair profit
although little new work is permitted
anu as much ore is shipped out now as
az any time in the history of the camD
Inc Della >. IS shipping 5000 tons per
month through the CowenhoVen tunnel
IN Itself remarkable transportation com
pany, which furnishes a drainage light
power and cheap transportation of waste
ore values to eight mines, whose com
Dined output is 5000 tons per month on
SInuggier Mountain the Mollie Gibson.
Snuggler and Free Coinage have COM
bined TO battle with the great underground
flow of water with magnificent pumping
plants and shipment of 5000 tons per
month can be maintained. on AsDen
mountain the Durant and the Aspen are
shipping out through the Durant tunnel
lUO0 tons, the Durant Compromise an
other LOO tons, and the Bonnybel loo
tons monthly. The Free Coinage shaft
and tunnel enterprise will omen nm the
great silver lodes to a depth of 500 more
rect ana viii serve the same mines now
operated through the Cowenhoven tunnel
Aspen mas magnificent areas of silver
bearing veins, but the camp demands great
sums OF money to operate its mines prop
erly. In the language of mining circles
all Aspen mines are "big propositions -
once the Aspen stocks were greatly sought
sidered excellent stocks for a longtime
investment. New and important strikes
have been made in the vicinity of Aspen
showing a widening of that exclusively
silver bearing region.
San Miguel county, with Telluride as a
base of supplies, has made great progress
during the year. The Tom Boy mine is
the wonder of that camp. 1t had been
abandoned for years, when last spring a
new company secured a long lease upon
the property, put in new machinery. ana
Is now sending weekly shipments of gold
! bricks to the mint The income to the
Stockholders of this mine has grown TO
Marvellous proportions within a few
months. Telluride men assert that the
| Tom Boy Is the greatest gold mine OF
the world. but the Cripple Checkers say
that STATIONS Independence is a greater
producer. There are half a dozen other
great mining companies operating in Tel
| luride upon new methods of ore treatment
and the outlook is good for a number or
more producers to be added to the LIST
| next year. A new territory has been op-
! ened up lately, called San Rita, when
| gives assurance of becoming permanent
| gold camp next season.
About Siverton the mining revival re-
] suited during the short season In greater
/ shipments OF silver and gold ores than
| has been known in the history of that
| camp. The great event OF the year in Sill
| verton has been the improvements mace
upon the property Of the Silver Lakes
/ mines. These are situated upon a noun
/ tain side, 1900 feet above sea level where
/ the transportation problem was serious.
/ Until this could be solved the mine was
/ valueless. Now a tramway $500 feet long,
! operated by electricity. has placed the
/ Silver Lakes mines upon permanent pay
/ ing basis, and the mines are to be work ed
! without interruption during the entire
/ years winter and summer. The Silver
Lakes Company can treat profitably $50
/ tons per day. The mining revival spread
! up into Maggie Gulch. where a dozen
! new companies began operations during
! the year. In another year SilVerton viii
| be the center of a very lively producing
/ camp of silver and collaborating ores
| Arrangements have been made at GU
! ray, where the Virginius mine with it's
/ great revenue tunnel, can produce pay
ore for ten years to come at a profit.
] Several properties there are yielding a
/ fine revenue to respective owners, and
one new territory has been opened up adj
I vantagcO"sly during the summer Lake
1 City, where the Golden Fleece has been
/ earning a fortune to its owners, saw a
/ number Of old properties reopened during
the season, and that camp another year
! will advance under the impetus of the
boom.
The older camps of Central City, Black
! Hawk, Idaho Springs, Boulder, have been
| extremely prosperous because of the in
! vestment Of about all the eastern money
/ that has come to the state during the last
| two years. Old mines have been equipped
with new and heavier machinery so that
! explorations may be made at greater
/ depths. but the same old-style methods
of stamping out the gold Is still I'm gen
eral use in those camps. London capital
/ Is interested in a great drainage and
/ transportation tunnel enterprise now rap
/ idly progressing in the district of Gilpin.
/ with headquarters at Idaho Springs. The
/ Lamertine, Lincoln, Shafen. Stanley.
/ and Crown Point mines, near Idaho
/ Springs are now dividend payers. Pros
pectors and owners are working earnestly
! to increase the capacities of their hold
! inEs.
| OF new gold camps Colorado can furn-
/ ish a large number. Greatest in area and
/ future value is that of Hahn's Peak. In
/ a wide area of placer ground more than
] sixty lode claims were located during the