The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1896-01-28
COLORADO MINES.

The Silver Pick mine, a gold property
of San Miguel county. has netted It's
owner over $50, 900 a month for the last
II months.
One of the most important mining en-
terprises ever undertaken in Colorado is
the big San Juan tunnell to tap the Sill
yer Lake basin district. This tunnel Will
be six miles long. and will require about
nine years for its construction.
II has Just leaked out that big strike
was made a few days ago in the Lone
Star property at the head OF Myers ave
nue.. Cripple Creek. In sinking SMART
from IS to 20 feet is tons of ore were ia
ken out which will average 500 per ton.
The ore carries both sylvanite and free
gold.
The Chicago tunnel, which starts In
Poverty gulch and runs east under Globe
hill, Cripple Creek. is pushing work ana
is now in a distance of ], 200 feet. This is
one of the older tunnels and has been
worked only spasmodically. 1t now ap-
pears that the company means to drive III
forward until some of the rich veins In
the hill are opened.
The recent accident in the Anna Lee
mine has in no way impaired the re-
sources of the Portland company. which
| das declared its dividend of cents per
| share amounting to $4,000, as usual. IL
| is only Just to the management OF the
| company to say that everything is being
done In all the workings of the company
| to prevent any recurrence OF the SAD &C
cident which caused the loss of so many
| lives.
| A correspondent of the Denver Republi-
can has this to say of the Salida gold
fields: The sooner the people OF Salida
| and vicinity realize the fact that a 1O-foo'
| prospect hole is not mine and that sys-
| tematic development only can be expect
I t.ft an mill hs
| the newly-discovered district and the
sooner the fact of its true worth be es
| tablished 1t is the universal opinion 81
every surveyor and geologist who know:
ANYTHING of the formation of the region
that depth is required to achieve the de
sired result. The most practical men arr
of ALI least discouraged, and these mel
are. as fast as their means at hand will
permit, developing their claims in a sys
tematic manner and are sanguinely hope
| full of the final prosperous outcome o
| their efforts.
There is more ore blocked out in tn
Smuggler-Un vein than in all tn
other mines of the state combined. In thi
| great property there are % miles o
. drifts, shafts and wines. and the vel
shows more actual value than does an
, other single vein in the United States.
has a block of ore opened by % feet lev
els shafts and wines 1000 feet Ions
, with an average depth of 1000 feet, IN
width of the vein matter of ore betwee
, walls being from three TO five and a hal
. feet With the development that has bee
acne 600 men could be put to work an
they could not exhaust the ore body in
wears. The main tunnel is over 700 fee
, an length. The ore carries gold and silvt
, in about equal values. running from or
10 three ounces in gold and from SO TO
. in silver TO the ton. IL is low grade, b'
= -aasH
! | with the mill. tram and transportauo
{ Faculties every bit of IL is pay ore. II
. canitalized at s.. 600 and within the la
an DAYS II has declared 5 per cent. div
= | dend.-Kansas City Journal