The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1896-04-06


at almost right angles. The whole place
Is full OF veins. and many of them are
being worked in force.
THE War Eagle mine has six parallel
veins on the surface. 1t has run two
tunnels. 600 and $50 feet respectively. and
third Is now being driven to tap the
vein 500 feet below. which II Is expected
to do in 1.6oo feet. The vein. OF almost
solid ore. averages about eight feet. The
ore is rich In gold. silver and copper. and
averages throughout about $50 to the ton;
in some places IL goes up to $3.50.
The lie Roi mine almost adjoins the
War Eagle. and Is equally rich. The cop
per pyrites in this mine average from III
to ounces of gold to the ton. and the
decomposed vein on the surface goes
ounces of gold to the ton. In October
last II was estimated there was quite
10000 tons OF ore already In sight in this
group Of mines, and $500 tons of ore per
month was then shipping. Later dates
show that the shaft of the lie Roi mine
is down 45o feet. and the ore taken from
the bottom is the highest grade yet taken
from the mine. With the exception of
the SLOGAN Star, in SLOGAN district. the
lie Roi is now opened to the greatest
depth OF any mine in Kootenai. From the
bottom Of the lie Roi shaft 40 tons of ore
was sent to the smelters in the end of
January, averaging $3.50 to the ton. This
breaks all previous records. and stamps
the mine no doubt the richest mine in
the country.
'Tt is estimated by well-informed min
ing men that in the stope between the
$50 level and the bottom of the shaft
there is $4,000 tons of ore. II this should
average $50 per ton. IL would mean 81, 000,-
900 in sight in this one spot in the mine.
The fact that ore OF this remarkable rich
ness In an ore body of such magnitude as
that of the lie Roi, and. taken at such
depth, Ia construed by mining men as
opening up a field of great expectations
for Trail Creek.
THE lie Roi is capitalized at s.. 500 900,
In 500 600 shares of s. each, which are
lately quoted at s. per share, or a value
of 81. 500 900 for the mine. Late reports by
letter state the mine has 40 feet of ore.
averaging $50 gold per ton; a dividend of
5000 paid Feb. 1; the third of $4,000 on
March /, and II is expected that similar
amounts will be paid monthly for some
time to come
1.-THE War Eagle mine has a big ore
chute. from which 10000 tons OF shipping
ore were extracted in the upper levels
has been tapped by the No. level after
running 700 feet. 1t is squarely under the
works on the higher levels, and will give
the company another bonanza from which
to pay dividends. This lode is eight feet
wide, averaging $40 gold per ton.
THE other properties allied with the
War Eagle continue to look we'll The
face of the No. tunnel on the Iron Mask
is all concentrating ore of high grade
while the tunnel on the Virginia has been
in solid ore for some time. The War Ea-
gle group Is looked upon as a world
beaten
THE California nine. 1900 feet by $500
(Crown grant, lies due west of the cele-
brated lie Roi and War Eagle mines, sep
arated only by distance of about 800
feet. The strike of the lodes of these two
latter mines being almost due east and
west, they pass through the California
property from east to west. In addition
to the War Eagle and lie Roi lodes there
are two other lodes converging in the
California property with the lie Roi lode.
THE above mines, together with the
Josie, the Pronunciation, the Iron
Mask, Center Star, Nickel Plate, Golden
Chariot and Great Western are on what
is known as Red Mountain.
In 1895 Trail Creek shipped 10000 tons
of ore, but in 1896 there is little doubt
but five times this quantity of ore will be
produced. This shows wonderful progress
in single year. and justifies the hopes of
those who think that British Columbia
will have the most prosperous gold min
ing camps in the world in five years"