The Calhoun chronicle. [volume] (Grantsville, W. Va.) 1883-1984, 1896-04-28
Colorado Mines.

1 nc SILVER IlcR mine, gold property
of san Miguel County, has Melted its
owner over $4,000 month for the last
twelve months.
One of the mist important nininG
enterprises ever undertaken in Colora
do is the big san Juan tunnel to tap the
Silver Lake basin district This tun
mel VIII be six miles long and will re
quire about nine years for its construc
ton.
1t has just leaked out that a big strike
was made II few days ago in the Lone
Star property at the head of Myers
avenue. Cripple Greek. In sinking Il
shaft from thirty-five to seventy feet
nitccn tons Of ore were taken out
Which will average S1CO per ton. The
ore carries both sylvanite and free
gold.
The Chicago tunnel, which starts in
Poverty Gulch and runs east undrl
Globe Hill, Cripple Creek, is pushin.
work and is now in distance of ,2up
feet. This is one of the older tunnel,
and has been worked only spasmodi
nally. 1t now appears that the company
means to drive il 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 has declared it's dividend of >
cents per share, amounting to 100000
as usual. 1t is only just to the manage.
mcnt of the company to say that every
thing is being done in all the workings
of the company to pre- ent any rccur
renee Of the sad accident which caused
the loss OF 50 many lives.
\ correspondent of the Denver Re
publican has this to say of the Salida
gold fields: The sooner the people of
Salida and vicinity realize the fact that
ten-fOot prospect hole is not mine
md that systematic development only
can he expected to yield returns, the
better off will he the ncwly-discovercd
district and the sooner the fact of its
true worth he established. 1t Is the
universal opinion of every surveyor
and gcologist who knows anything Of
the formation Of the region that depth
is required TO achieve the desired rc
suit. The most practical men ar, Of al,
least discouraged, and these men are.
rs fast as their means at hand will Per.
init, developing their claims i'm 4 sys
tcmatic manner and are sanguincly
hopeful Of the final prosperous outcome
OF their efforts
There is more ore blocked ont In the
SmugglerU vein than I'm all the
other mines Of the state combined. In
this great property there are thirty-twc
miles Of drifts. shafts and wines. and
the vein shows more actual value THAI
docs any other single vein i'm the United
States. II has block Of ore opened by
twcnty-thrcc levels. shafts and wines
1000 feet long with an average depth
Of 1000 feet long. the width Of the
vein matter or orc between walls being
from three to five and a half feet. VIII
tie development that has been done
LOCO men could he put Mt work. anC
they could not exhaust the orc body ir
fifteen years. The main tunnel is over
1CGO feet i'm length. The ore carries
gold and silver i'm about equal values
running from one TO three ounces lr
gold and from SO TO $50 IN silver to IN,
tom u is low grade. but with the mill
tram and transportation facilities cv.
cry hit of 80 Is pay ore. IT is capitalized
90 S25oo.CCO and within the last thirty
days 80 hss declared q . per cent. divi
dc-i.