The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-11-29
THE CAMP or FLORENCE.
Excellent Showing in the Banner
Mine in This New Camp.

Excellent Showing in the Banner
Mine in This New Camp.
The Free Press, of Grangerville, Ida.
in mentioning the new mining camp of
Florence, in that state, gives an ex-
ceIlent description of the Banner mine
as follows:
The Banner mine is located at the
head of Black Sand creek. about one
mile south of the town of New Flor
ence. The course OF the vein is 16 de-
grees north of east, and it dips to the
south. The first 80 feet on the shaft
the ledge was perpendicular, but be-
low that point it has dip of Is de-
grees. The property is developed by a
crosS-cut tunnel 365 feet long. Where
the vein was cut il shows eight feet
OF ore and 16 feet of ledge matter
From this point an uDraise was made
to the original discovery shaft, giving
a perpendicular depth of 102 feet. Con-
tracts have been let for sinking an ad-
ditional 100 feet at the same point, and
this work is cat this writing) now in
progress. The property is we'll equipped
with substantial dwellings and neces-
sary buildings.
The Banner is but one of the IL
claims which comprise the celebrated
GOld-Bug Banner group. Two incorpo-
rated companies have been formed
from these II claims, under the style
of Gold Bug Mining company and
Banner Mining company. The Gold
Bug group consists of the Gold Bug,
Gold Cross, Mystery, Independence,
Golconda, Little Chief, Faction and
Triangle. The Banner group comprise
the Banner and Esmeralda.
On the Banner at the time of our
visit ten men were working on drifts
both ways from the crosscut where the
ledge was struck; an upTaise was be-
ing made to connect with the So foot
shaft sunk from the surface. The vein
in the upraiSe is from two to three
feet wide and gives assay values of
S25 to $50 gold per ton. In the lower
east drift the ore body runs from two
to ten feet wide. The distance run on
the ledge since the vein was struck is
about 100 feet in length. A mill run of
ten tons of average ore taken prOrlis-
cuously from the dump, without any
attempt at sorting, gave a result of
$40 per ton saved on the plates. Enough
ore is now in sight to run a 10-stamD
mill and the intention of the company
is to put up such a mill early next
spring, and Will be arranged to add
an additional ten stamps when needed.
THE GOLD BUG GROUP.
The Gold Bug group have six men
and some rich ore had been found a
few days before our visit. The ore
from this group runs phenomenally
high in gold, assays having been made
giving results of 81 100 per ton. The
width of the pay streak shows from IS
to 20 inches. With a little more work
on this group some rich developments
may be looked for in the future.
The ORIGINAL lOca tors of This erro11T,
Messrs. Cone and Wells. in sinking a
30-foot shaft, took out 20 tons Of ore.
This ore was rocked in an ordinary
gold rocker and gave S2S per ton. The
tailingS from this 20 tons were then
run through a stamp mill and yielded
$50 per ton, making total of $50 per
ton saved. These facts were published
in the Free Press early last spring.
The present company have had a 90
ton mill run made from ore taken out
during development work, from which
they realized $17 per ton.
The two companies being connected,
the same parties being identified one
mill. under one management. viii prob
ably handle the ores from both groups
of mines. S. S. Glidden of Spokane,
is president of both companies. and F.
r. Culbertson secretary. The Gold Bug
has a capitalization of 100000 shares
of par value of 81 each. The Banner
Mining company is capitalized at $780,
600 shares of par value of 81 each
There has been 200,0 shares of treas
ury stock set aside, which will be sold
and the proceeds from sale of same
used for development purposes, the
erection of the mill and Datenting the
claims. The hosting works are now
at the mine and work on the Banner
shaft is now progressing. The value
Of the bullion from these claims is
SO - nor ounca