The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1892-1907, 1897-10-09
NEWS OF MINES.
ON BONANZA AND Ell DORADO.
Another Rich Chimney of Good Ore
tn a Montana ProDerty-Le Rei
Dfvidend-ODtion ON the Josie
new District I'm Idahe.

4
III Dorado creek, in the Yukon, writes
10 his father in Seattle, that claims own
ed by his father and partner, Mr.. War
den, ON II Dorado creek, will pan out
half million in gold nuggets this com.
ing winter. The letter predicts that
claims on Bear creek will turn out as
rich as those on Bonanza and III Dorado
creeks. Stanley also writes that the Ca
madam government is exacting a roy
atty of Is cents per cord on wood to be
used in thawing out the gravel this win
ter. A similar charge is also made for
logs used in building cabins for the min
ers. During the summer forest fires have
destroyed a large amount Of eordwoOd
Owing to the scarcity Of water but little
sluicing has been done.
Gleason and Bell BOY Property.
News has been received of the discoy-
cry Of another rich chimney Of good ore
on the Gleason and Bell Boy property,
four miles from Marysyille, near the
PenobscOt and Empire mines- The vein
has extended for some time well along
the two adjoining patented claims, and
was some time ago worked from a shaft
on the Bell Boy, many thousands Of dol
lars being taken from il then. The pay
ore was in chimneys, however, and the
good thing did not last. Recently shaft
Was begun from the other end Of the
claim, on the Gleason fraction, and at 40
feet down a chimney was found what
promises TO be exceedingly valuable. Ore
has been taken out Of the shaft for mill
ing that runs S25 TO the ton, and the
shipping ore runs from $500 upward The
gold is coarse and free. The property is
situated south of the Empire, and is be-
ing worked TO good advantage still.
Another lie ROI Dividend.
The lie Roi company has Just declared
= dividend Of $4,000. This is the 10Th
dividend paid by the lie Roi company,
and swells the total paid to stockholders
10 $625lOO0. Inc first dividend was de
clAred just two years ago yesterday, and
Was for S25!OO0. No other payment was
made until February q, 1896, when the
amount was $4,000. Since that time the
dividends have been declared almost ev-
cry month, and sometimes twice month.
Work on the company's smelter at North
port is progressing steadily and rapidly
Several carloads Of machinery are al.
ready on the ground, and the roasteTs
viii be ready TO receive ore by November
Is. The company will begin TO ship ore
to the smelter soon, probably by the las,
OF October. The new buildings begin 10
make an imposing appearance from the
railway station, being in plain sight Of
passengers, and are therefore the source
Of much comment
Option on the Josie.
BY a vote that was practically unani. |
nous the Josie Mining Company has de |
eided to givcSo Thomas Rioards an op- |
ton of 90 days on the property. Mr.. |
Ricsrds was represented at the meeting |
by S. l. Lowe, who submitted a propo- |
sition 10 the meeting in writing offering |
TO incorporate a company under the laws |
OF England with n capital Of G250 900 |
This company, he agrees, shall pay to the |
Josie Mining Company GlO,0O0 in cash |
and place in the treasury 10000 in cash |
as the proceeds Of the sale Of stock at |
par TO that amount The Josie company |
is also TO receive 100000 in fully paid /
stock. The offer further stated that the
details of the transfer would be arranged
by Mr.. Ricards with such representatives
of the Josie Company as should be au-
thoTized TO act.
Gold From Thunder Mountain.
c. w. Richie Of Walla walla has ar
rived at Boise from a visit TO a new gold
district on the Middle Salmon that an.
pears 20 be a wonder. IL was reported
about a month ago by the discoveries,
who brought in quantity of gold they
had taken out. MIR. Richie and his part.
ner are the only men who have been on
the ground. The discovery is on Thun.
der mountain, on Mule creek. a tributary
Of Big creek. Thundef mountain is prac-
ically mountain of ore. The gold now
being taken out is secured by washing
the surface. The Caswell brothers, the
DISCOVERIES, took out $3.50 in eight DAYS.
The dirt runs 25 cents TO the pan, while
much is declared to be not less than $40
ton. The ore is a cOnglomente with
PoFphyry constituting the base.
Last Chance sold.
The Last Chance mine and group, own.
ed by +. II. Thomlinson, +. A. Wood and
DIR. Hendrix, has been sold, is the news
from Sandon, B. C. The figure was SOS,
600, practically cash. Scot Mcdonald.
manager of the Payne, and MFR. Big.
gerstaif, acting presumably for the Nc.
Canes, were the purchasers. The mine
was examined this week by Mr.. Melon.
aid and the deal was closed on the tay
of the examination. The actual transfer
has already taken place and Mr.. Melon
aid is now in charge. The Last Chance
Is located on Noble Five mountain. ad.
ioiTAng the Noble Five on the west. 1t is
comprised Of five or six claims, carly To-
cations, and has been worked by Mr..
Thomlinson several years.
The Choteau.
One Of the discoveries Of a late date
Is that of the Choteau, a mining claim
adjoining the Silver Cable, in Hathead
county. Recent development on this
claim reveals body Of mineral nearly
nine feet wide. There are two 1900. foot
claims on this lead, The ledge through.
out is full of sparkling metal and con.
tains a series of minerals principally
among which Is lead, gold, silver, iron.
zinc, tin and anthony. One hundred
pounds Of the ore has been sent to a
smelter for the purpose Of obtaining a
mill test
oAis Capital.
Ohio capital will. develop the Crystal
Butte property on Meyers creek, in Stev.