Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1895-01-31

especially on the Au0uchOn and Silver
Mountain mines. Those mines wer'
worked some years ago for silver ant
lead. The Aubuchon mine only pro
duced few tons, and this was from
little prospecting on the surface.
THE SILVER MOUNTAIN
produced about seventy-five tons o
conce ntrates. which averaged forty
seven ounces of silver per ton, ant
fifty per cent. of lead. These ores were
refined by the Cheltenham Refining
Works of st. Louis. Samples taker
from this mine in 1883 AMI assayed by
by Messrs. Chauvinet & Bro. of St
Louis. gave $46O and $453 per ton O
ore. These assays we're made from
the vein at the Apex shaft four years
after the closing down of Silver Noun
tain mine. While this mine was in
operation the concentrates shipped
averaged one hundred and twenty six
dollars per ton. In forty-seven tons
there were two thousand nine hundred
and three ounces of silver. After de-
Quoting freight and charges for treat
ment the bullion amounted to ninety.
FIVE dollars per ton; nearly all the ore
having been extracted in sinking and
mining levels. Developments made
proved beyond a doubt the vein to be
true fissure, continuous, showing in
creasing richness of vein matter as
depth was gained. At the bottom OF
the shaft it is fully four feet in width,
with regular, we'll difined wall, carry
ing ores assaying one hundred and
sixty-three ounces of silver to the ton.
Unfortunately, this company Qike
some others) was organized with a
stock capital of 100000 fully paid,
and not assessable, and the mine sold
to the company for all the capital
stock. leaving the company without
any capital in it's treasury. This ar
rangement proved most unfortunate in
it's consequences. The number of
stockholders being but few, and not all
able to furnish their proportionate
part of funds required to make needed
and developments caus-
ed the creation of liabilities which the
company was unable to meet. 1t was
certainly not the fault of the property
that caused the stoppage. There is no
doubt if this company had placed a
certain amount of its stock in the
treasury for working capital it would
have been in operation to-day. 1t is
almost impossible to get capital to in
vest in what is termed an abandoned
only here, but in all parts
of the world. This should not be SO
in all cases, and one of the cases is the
Silver Mountain. I know of mines of
all descriptions, not only in this coun-
try, but in the mining divisions of
that have been abandoned
for years. again reopened, and proved
to be very valuable and declare their
regular dividends. This will be the
case at Silver Mountain when it is re-
opened, and as depth is reached the
vein will be more defined and contain
richer ores of silver and lead. This
mine would to-day, If it was opened
up, pay from the lead it contains. There
is no doubt its being rich in silver.
Prof. A. Winslow, our State Geologist,
selected samples of the ores from the
old dump, and made two assays from
them. The first gave forty-eight
of silver to the ton of ore; the
other assay went far beyond the latter
6gure. This is Prof. A. Winslow's
report in the Worlds Fair pamphlet
for Missouri. Here are two assays
made and reported upon ores that were
selected from the old dumps by our
State Geologist, whose authority on
such matters can't be disputed. Un-
some of our mining en-
gineers made report on Southeast
Missouri and came to the conclusion
that it is not silver and gold-bearing
and that we must not look for
ores of this class in paying quantities
in this region. will say this much
for Southeast Missouri: that it is more
like the tin and copper divisions of
Cornwall than any other district In
Missouri. l will admit that we will
not find rich veins on the surface, but
they will be found as depth is attained
on the vein. Silver Mountain has prov
ed this to be the case so far as her
mining development went, which is
two hundred and seventy-nine feet
deep on the dip of the vein. There is
a large number of such veins in this
district that will in the near future
prove to be rich in minerals, as depth
is reached. This class of veins is be-
ing found in the counties of Iron, Mad
ison. Wayne, Reynolds and Shannon,
and some of them will prove to be val
liable for their minerals. This class
of properties lies within one hundred
miles of st. Louis, where capital is not
lacking; but they prefer to invest