Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1897-02-03
WESTERN MINING NOTES.

a mill run of 240O pounds of ore from
the Centennial mine at Georgetown
be fourteen ounces gold to the ton.
There is an average difference of one
quarter cent in the selling price of Michi-
gan copper and the copper from Montana,
Arizona and elsewhere which is reduced
by electricity. Electrolysis reduces the
tensile strength of copper.
Regent prospecting in Gold Guleh,
bearing quartz that was shown by assay
to run from So to $50 ton. Gold Gulch
is. the locality from which large boulder
of very rich quartz was taken in the
early days of California.
Within a few miles from Loomiston,
OkanOgha county, prospectors have dis
covered n fourteen-foot ledge of rich ore,
traceable on the surface for a distance
of 1900 feet. 1t assays from S11 to $50
a ton.
The total output of gold from the
gold mines at Hillsboro. n. NJ, for the
current year is estimated at $4,000 tons.
Reckoning this at $50 ton, which would
undoubtedly be below the average of
Hillsboro ore, and we have from that one
camp the sum of $4,000 in gold for the
year 1896
The recent purchase of the control
of the Helena and Frisco company III
1dllO lOI TIE LADlOTdllOu CO1upuIly VI
London is reported to be only a begin
ming, says the Engineering and Mining
Journal The intention of the buyer is
to secure all the important silver-lead
mines in the Occur d Alene region and
to consolidate their management as far
as possible.
The formation at Ragged Top seems
to be puzzler. For quite a time it ap-
peared as though it was q vertical for
nation, pEre and simple, from the top.
A week ago, however, G. H. Schaad
drifted in from the side of n big bluff
and found q clean cut fiat formation of
good grade ore. Since then fiat for
nation was found 125 feet from the top
of the Dacey shaft, and here is found
the $2400 ore.
The Boston & Montana directors
have declared dividend of So per share.
There are 10000 shares, and this divi-
dend will make the total of dividends of
the company $5,375,000. The last diyi-
deRd was for 80 per share and was paid
last November. 1t is authoritatively
stated that the forthcoming report of
the company for 1896 will show net
profits of $3,000,000
The most reliable advices and esti-
mates for the Black Hills for the year
just past are that its mineral production
was not less than S9,500,000. Of this
gold was SS,240,000, silver and copper
the remainder. 1t is perfectly safe to es
innate the production of this year at
fully $12,O00,OOO, and the projects under
way for additional smelling and milling
capacity, to be ready some time in 1897,
will give capacity for the following
year of not less than 100000
A dispatch from Rossland 3. c.,
states that the sale of the War Eagle to
the Observation-Disclosures syndicate of
Toronto has been abundantly confirmed
and the price is how put at about $780,,
600 The LeRoi mine has paid another
dividend. making $275,OO0 paid since Oc-
tober, 1895. In the new Golden Drip
mine a strike Of four feet Of clean free
milling ore has been made, running as
high as $40 to the ton in gold. The rock
is q very soft quartz and brushes like
chalk. The ore is being taken out with
great care and is being sacked for imme-
date shipment to the mill. 1t is prob
ably worth from $4,000 to $4,000 to
the ton.
"A correspondent writes from Pueblo,
Col, that Henry Schultz came into town
from his farm on the Arkansas river,
exhibiting a specimen Of free gold ore
assaying $40,214 a ton. Near his farm
in walking along a ridge on one side Of
the canyon the other day he noticed
something yellow glittering in the sun
light, and, picking it up, was i'll costa
cies when be found that the little rock
was streaked with pure gold. He came
to town as soon as possible, after stalk
ing claim, in which he says is Il we'll
defined vein of the stuff, and lost no
time in having the sample assayed with
the above result.
In the Flora group, Ragged Top, sew
eral hundred pounds of ore have been
taken out and sacked, valued at $24OO
to the ton. The Ragged Top Gold Min
ing company has received smelter re-
turns from it's first shipment, amounting
to ST to the ton. Shallow open cuts
in the Nancy Hanks and Maud s make
assay showings of $S7 per ton. A very
fine stope of ore has been unearthed at
the Golden Slipper, at Hill City, from
which ore valued at 1866 to the ton is
being taken. Since the discovery that
gold existed in the limerick foundation,
the Gold Pan and Long Valley com
panies have sunk into the discarded rock
and found. in one case, rock of a value
of $40 and IN the other of from $40 to
$700.
ChicagOans viii Eat poi"