Cottonwood report. [volume] (Cottonwood, Idaho) 1893-1901, 1897-10-15
NEWS OF MINES.
ON BONANZA AND e. DORADO.
Another Rich Chimney of Good Ore
in a Montana PrOperty-Le Rof
Dfvidend-OptiOn on the Josie
New District I'm Idaho.

Ell Dorado creek, in the Yukon, writes
to his father in Seattle, that claims own
ed by his father and partner, Mr.. War
den, on Ell 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 Ell Dorado
creeks. Stanley also writes that the Ca
madam government is exacting a roy
atty of rs 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 cordwood.
Owing to the scarcity of water but little
sluicing 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 well 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 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 ROi 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 $625,000. The first dividend was de-
clared just two years ago yesterday, and
was for $4,000. No other payment was
made until February u, 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 roasters
will be ready to receive ore by November
Is. The company will begin to ship ore
to the smelter soon, probably by the last
of October. The new buildings begin to
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 vote that was practically unani-
nous the Josie Mining Company has de-
cided to give to Thomas Ricards an OPP
ton of 60 days on the property. Mr..
Ricards was represented at the meeting
by s. l.. Lowe, who submitted propo-
sition to the meeting in writing offering
to incorporate company under the laws
of England with capital of f250,OOO
This company, he agrees, shall pay to the
Josie Mining Company 10000 in cash
and place in the treasury 100000 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.. Ricaras with such representatives
of the Josie Company as should be au-
thorized to act.
Gold From Thunder Mountain.
G. w. Richie of Walla Walla has ar
rived at Boise from visit to a new gold
district on the Middle Salmon that ap-
10 ha 4
about month ago by the discoveries,
who brought in a quantity of gold they
had taken out. Mr.. 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, tributary
of Big creek. Thunder mountain is prac.
tically 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
a ton. The ore is conglomente with
porphyry constituting the base.
Last Chance Sold.
The Last Chance mine and group, own
ed by E. H. Thomlinson, F. A. Wood and
DR.. Hendrix, has been sold, is the news
from Sandon, B. G. The figure was $685.
600, practically cash. Scot Mcdonald,
manager of the Payne, and Mr.. Big
gerstaff, acting presumably for the Nc
Cunes, were the purchasers. The mine
was examined this week by Mr. Melon
aid and the deal was closed on the day
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-
joining the Noble Five on the west. 1t is
comprised of five or six claims, early 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 Flathead
county. Recent development on this
claim reveals body of mineral nearly
nine feet wide. There are two 1900 foot