Red Lodge picket. [volume] (Red Lodge, Mont.) 1889-1907, 1897-10-09
NEWS OF MINES.
ON BONANZA AND Ell DORADO
Another Rich Chimney of Good Ore
in u Montana PrOperty-Le Roi
Dividend-Option on the Josie
New District in Idaho.

Dfvidend-OptiOn on the josie
New District in Idaho.
George Stanley, who is mining OF
Ell Dorado creek, in the Yukon, write
to his father in Seattle, that claims own
ed by his father and partner, Mr.. War
den, on Ell Dorado creek, will pan ou
half a million in gold nuggets this com
ing winter. The letter predicts tha
claims on Bear creek will turn out a.
rich as those on Bonanza and Ell Dorado
creeks. Stanley also writes that the Ca
madam government is exacting roy
atty of 25 cents per cord on wood to bt
used in thawing out the gravel this win
ter. A similar charge is also made fo1
logs used in building cabins for the min
ers. During the summer forest fires have
destroyed a large amount of cordwood
Owing to the scarcity of water but little
sllicing has been done.
Gleason and Bell Boy Property.
News has been received of the discov.
cry of another rich chimney of good ore
on the Gleason and Bell Boy property
four miles from Marysville, near the
Penobscot and Empire mines. The vein
has extended for some time we'll along
the two adjoining patented claims, and
was some time ago worked from shaft
on the Bell Boy, many thousands of dol
lars being taken from it then. The pay
ore was in chimneys, however, and the
good thing did not last. Recently a 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 $25 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 Ro; Dividend.
The LIE Roi company has just declared
a dividend of $4,000. This is the Goth
dividend paid by the lie Roi company
and swells the total paid to stockholders
to $625,O00 Inc first dividend was de-
cared just two years ago yesterday, and
was for $4,000. No other payment was
made until February 6, 1896, when the
amount was $4,000. Since that time the
dividends have been declared almost ev-
cry month, and sometimes twice month
" Aork on the company smelter at North
port is progressing steadily and rapidly.
several carloads of machinery are al
ready on the ground, and the roasters
will be ready to receive ore by November
ID. The company will begin to ship ore
% the smelter soon, probably by the last
If October. The new buildings begin to
make an imposing appearance from the
railway station, being in plain sight of
If much comment
Option on the Josie.
BY a vote that was practically unani
nous the Josie Mining Company has de-
.ided to give to Thomas Ricards an op
ion of 60 days on the property. Mr.
1icards was represented at the meeting
oy S. l.. Lowe, who submitted a propo-
,ition to the meeting in writing offering
o incorporate a company under the laws
If England with a capital of 4e25O,O00
This company, he agrees, shall pay to the
Josie Mining Company 100000 in cash
md place in the treasury 100000 in cash
Is the proceeds of the sale of stock at
oar to that amount. The Josie company
$ also to receive 100000 in fully paid
tock. The offer further stated that the
letails of the transfer would be arranged
~ Mr. Ricards with such representatives
If the Josie Company as should be au
horizcd to act.
Gold From Thunder Mountain.
c. w. Richie of Walla Walla has ar
ved at Boise from a visit to a new gold
district on the Middle Salmon that ap-
,ears to be a wonder. It was reported
bout a month ago by the discoveries,
Who brought in a quantity of gold they
lad taken out Mr.. Richie and his part
Ter are the only men who have been on
he ground. The discovery is on Thun
er mountain, on Mule creek, tributary
f Big creek. Thunder mountain is prac-
ically a mountain of ore. The gold now
'eing taken out is secured by washing
he surface. The Caswell brothers, the
liscoverers, 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 conglomerate with
'orphyry constituting the base.
Last Chance Sold.
The Last Chance mine and group, own
d by f. H. Thomlinson, F. A. Wood and
)r. Hendrix, has been sold, is the news
rom Sandon, B. G. The figure was 1926
90, practically cash. Scot Mcdonald,
manager of the Payne, and Mr.. Big
erstatf, acting presumably for the Nc
'unes, were the purchasers. The mine
vas examined this week by Mr.. McDon-
Id and the deal was closed on the day
f the examination. The actual transfer
as already taken place and Mr.. McDon-
Id is now in charge. The Last Chance
5 located on Noble Five mountain, ad
dining the Noble Five on the west. 1t is
of five or six claims, early To-
ations and has been worked by Mr.. |
'homlinson several years.
The Choteau.
One of the discoveries of late date
5 that of the Choteau, mining claim
djoining the Silver Cable, in Flathead
ounty. Recent development on this
lain reveals body of mineral nearly |
inc feet wide There are two l500-foot |
Iaims on this lead. The ledge through
ut is full of sparkling metal and con-
aims series of minerals principally
mong which is lead, gold, silver, iron,
inc, tin and antimony. One hundred
ounds of the ore has been sent to
melter for the purpose of obtaining
lill test
Ohio Capital.
Ohio ;4,1 will 1t,.1-rfo1 !