The Kootenai herald. [volume] (Kootenai, Idaho) 1891-1904, 1897-09-25
MINING FACTS AND TALK
DALY-HAGGIN ANACONDA PARTY
SECURE BUTTE AND BOSTON.
New Tunnel on the Formosa Cut the
Lead at 800 Feet-Coeur d'Alene
Discovery.

ment that the DAILY Haggin Anaconda
party had secured control of the Butte
Boston mine. For some time there has
been large buying of the stock in the
east but no one seemed to be able to
fathom whom the buying was for 1t
develops that wealthy New York bust
ness man of mining connection had given
a contract to a New York banking house
for the purchase of all the capital if it
could be secured, and it is learned that
this buying has been for an estate repre-
scented by this capitalist and the DAILY
Haggin party. tits said the deal involves
$4,000 600 or $S,0O0,000, and the acquisi-
ton of the Butte mine by the Anaconda
will give the latter additional voice in
the management of the Butte & Boston
Mining Company. Only recently an as
sessment vas levied on the stockholders.
SO that the company at the present time
has at least 81 100000 in its treasury.
Boston capital has always controlled the
property.
New Tunnel on the FormOsa.
The FoImosa has commenced new
tunnel, starting from the level of the ore
bins at the mill, is the report from Gem,
Idaho The tunnel through which ore has
90 far been taken-the middle tunel-is
high above the mill, the ore being sent
down through a chute, a long trestlc
connecting the upper end of the chute
with the mouth of the tunnel The new
tunnel will be % feet lower and will run
about 300 feet to cut the lead. The pres
ent working tunnel ran 100 feet TO the
lead, from where they drifted 400 feet, all
the way on ore, and then broke it down
from above until the tunnel was full the
whole length before the mill was built.
Since then a shaft was sunk 30 feet, all
through ore, before starting the mill tun-
mel Three shifts are being worked, and
it is going in about 10 feet every "a
hours. They expect to hold this rate
for the next 100 feet, that distance being
through an old slide, but there solid rock
will be struck and progress will be slow
err The mill will be run little if any I'M
til the new tunnel is done.
Full of Free Gold.
The report comes from Murray of one
of the richest strikes ever made in the
gold belt by William Wiley, A. Duncan,
perary jack on Friday. The discovery
was an eight-inch ledge filled with free
gold in plentiful quantities from wall, to
wall, on the hill, just above town. No as
SAYS have been made, hut a ton of the
rock would unquestionably y1eId thou
sands of dollars. The discovery was not
the result of accident, but of deliberate
design, they having been hunting for it
for a week or more, being induced there
to by the fact that rich pile of nuggets
had been taken from property adjoining
last year, and the further fact that there
had been rich placer diggings farther
down the hill in early days, with no ap
parent source for the gold thus found
unless it came from a ledge up the hill
from the rich gravel.
Baker City Properties.
The Baisley Elkhorn mine, 10 miles
northwest of Baker City, will pass into
the hands of a syndicate, with prospect
of being better developed with ample
capital. The property has been famous
gold producer even under adverse circum-
stances 1t is reliably stated that the
purchase price is 100000. 1t is reported
that Albert Geser, late of the Bonanza
mine, has bought the Robbins Elkhorn
companion mine of the Baisley Elk
horn, and that development work will
commence at once on an extensive plan.
Bonded the Arlington.
The Arlington claim of the Canadian
King group, on the North fork of the
Salmon river, has been bonded for $50,
OOO w. L. Boyd and Henry Hubert, the
owners, have given the bond to the Hast
ings British Columbia Exploration Com
pany. The property is gold-bearing
partly free milling. Several shafts have
been sunk. one 30 feet deep. On the
dump are 100 tons of pay ore.
Ore of Elk River.
Peter Skiarve, a miner who has beer
prospecting in the Elk river country, il
Idaho, this summer, has brought in som'
fine specimens of free milling quartz, thu
ledge of which he located few week
ago The samples show free gold il
abundance, and it is said the ledge is
large one.
Free Gold in Teutonic Mine.
Free gold has been struck in one o
the mines of the Teutonic Mining Com
pany on Trestle creek, four miles iron
Hope. The vein is now an inch and
half wide, but is improving with depth
An extra force of miners will be put t