, 1897-03-09
some MINING MATTERS.
THE YANKEE BOY" SOLD TO A
CHICAGO SYNDICATE OF AM
PIE MEANS.
Brief History of This Famous Property
1t VIII Net $12 Per Ton In Denver
After All Expenses are Paid-The
Little Ella Property Showing Up
Well-Other Mining News.

Yesterday the Yankee Boy mine, own
ed BY w. A. Williams OF Rockdale was
sold to a Chicago syndicate. The price
is not mentioned. The tunnel is in 20
feet. Forty feet below the surface two
crosscuts were made, which were con-
tinued 40 feet deeper. where a vein OF
ore running from four to seven feet was
encountered. This vein runs from 80 to
40 per cent pure copper, several dollars
in gold and a trace Of silver. Recent
assays run from $50 to $50.
Recently a sample lot OF ore from the
vein was shipped to the Denver Sam
plIng works, where 1t was treated. Word
was returned that after hauling the ore
to the road. paying shipping charges to
Denver and paying treatment charges,
a net profit would be left of $12 per ton.
The Yankee Boy was first opened up
IN 1876. being one Of the Oldest mines in
this section. at which time a good look
Ing vein Of ore was uncovered. In sink
ing. however, the original owners cut
clear through the vein and sunk into the
hill, where all trace Of the main lead
was lost. After his work on the mine
was suspended for some years. A few
years ago a practical miner from Mon
tana went down the shaft and came to
the conclusion that the miners who had
operated before had been wrong in their
development work. He old Williams
that II he would grub-stake him he
would proceed with the development,
q the result has been the uncovering
Of the vein as stated, which has been
growing richer and richer as depth is
attained.
The Overland Plant is now on the
ground at Rockdale. Twelve hundred
feet Of sluicing. and 600 of rifles will be
placed and the plant will be in readiness
for operation inside Of three weeks.
-Four substantial buildings for the ac-
conmodation Of the miners have al
ready been erected, and the ground, con-
sistins of $40 acres has been surveyed
and staked OF as required by law. The
workings Of the properly will be carried
on In Emigrant and Strawberry gulches,
which are tributary to Rock creek. COM
ing In about q mile and a half above
Rockdale.
Another important placer mining
deal is about to be contaminated in this
district, being an enterprise controlled
purely by western men. among whom
are several local parties. The company
hpo oncsrxod On ocnoo In Or,rl,,J o,,I,b
and the ground prospects fully as rich
as that Of the Overland company. The
plant will be fully equipped early his
season and three miles OF piping nave
been ordered for the operation OF the
property.
The Chicago and Rockdale Gold Min
ing company. another eastern syndicate.
has secured 40 acres of ground in this
district. Ditch lines have been survey
ed seven miles long, the waller will be
taken from Rock creek. and a contract
let for the work inside of two or three
weeks. Last season this company spent
$l.700 In prospecting 80 acres of ground,
with the result that the present outlay
Of the company cannot but prove a
splendid investment.
1t Is reported today OF reliable au-
thority that the stockholders in the Vir-
ginius mine. Keystone district. have
raised S25. 900 additional capital, which
will be used in the further development
OF this rich claim. 1t is stated that ac-
tive work vii be commenced in eight or
ten days.
The above propositions look like bus
mess, Notwithstanding the walls OF
doubling Thomases and all others who
decry the coming prosperity Of this i'm
mediate vicinity.