The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1892-1907, 1897-09-25
MINING FACTS AND TALK
DALY-HAGGIM ANACONDA PARTY
SECURE BUTTE AND BOSTON.
New Tsnnel ON the Formosa Cut the
Lead NJ 800 Feet-CoesF a,Alene
Discovery.

No little excitement has been caused
In mining circles here by the announce
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 70 be able "a
tathom whom the buying was for. II
develops that wealthy New York bust.
ness man Of mining connection had given
a contract to New York banking house
for the purchase Of all the capital If it
could be secured, and IL is learned that
this buying has been for an estate repre-.
sented by this capitalist and the DAILY
Haggin party. tits said the deal involves
100000 or 100000, and the acquisi.
ton of the Butte mine by the Anaconda
will give the latter additional voice in
the management Of the Butte 4 Boston
Mining Company. Only recently an as
sessment vas levied on the Stockholders.
70 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 q 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
20 far been taken-the middle tunel-is
kigh above the mill, the ore being SEM
down through 4 chute, a long treStle
eoEnecting the upper end of the chute
with the mouth Of the tunnel. The new
tunnel viii be e5 feet lower and will run
about 800 feet TO cut the lead. The pres
ent working tunnel ran 100 feet 70 the
lead, from where they dTifted 900 feet, al.
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 q shaft was sunk IS feet, all
through ore, before starting the mill tun-
mel Three shifts are being worked, anu
II IL going in about 10 feet every "a
hours They expect to hold this rate
for the next 100 feet, that distance bein.
through an old slide, but there solid rock |
will be struck and progress will be slow. |
er. The mill will be run little if any un
I'll 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.
Silas Branch and John Mclaughlin Zip.
perary jack on Friday. The discovery |
was an eight-inch ledge filed 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 y1eld thou.
sands Of dollars. The discovery was not
the result Of accident, but Of deliberate
design, they having been hunting for il
Tor a week OF more, being induced there
to by the fact that a 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 an
parent source for the gold thus found
unless 1t came from q ledge up the hill
rom the rich gravel
BAKER City Properties.
The Baisley -Elkhorn mine, Is miles
northwest Of Baker City, will pass into
he hands Of syndicate, with prospect
If being better developed with ample
'Apital The property has been a famous
gold producer even under adverse eifSum.
'tAnces- 1t is reliably stated that the
purchase price is 10000. 1t is reported
hat Albert Geiser, late Of the Bonanza
nine, has bought tie Robbins. Elkhorn.
companion mine of the Baisley Elk
lorn, 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 SIS,
90. w. L Boyd and Henry Hubert. the
wners, have given the bond to the Hast.
ngs British Columbia Exploration Com.
any. The property is gOld-bearing. ,
'artly free milling. Several shafts have :
zen sunk. one 80 feet deep. On the !
lump are 100 tons Of pay ore
Ore OF Elk River. &
ASeca SAyaEfes u MINER VINO mas been
respecting in the Elk river country, in
daho, this summer, has brought in some !
ne specimens of free milling quartz, the
edge of which he located a few weeks
60. The samples show free gold in ]
bnndance, and it is said the ledge is = !
lrge one. '
Free Geld In TeatoaIe Mine.
Free gold has been struck in one Of s
he mines Of the Teutonic Mining Com.
any on Trestle creek, four miles from
Iope. The vein is now an inch and a
Hlf wide, but is improving with depth.
IN extra force of miners will be put to I
'ork at once.
Gold From the swauk,
w. A. Ford has brought downo from .
wauk seven beautiful nuggets, each I
'orth $50, the result Of one days work q
n his claim, and a total Of $40 within I