Cottonwood report. [volume] (Cottonwood, Idaho) 1893-1901, 1897-09-24
MINING FACTS AND TALK
DALY-HAGGIN ANACONDA fAh
SECURE BUTTE AND BOSTON.
New Tunnel on the Formos" o"'
Lead at 800 Feet-Coeur dAiehe
Discovery.

No little excitement has been caused
in mining circles here by the announce
ment that the Daly-Haggin Anaeohoa
marty had secured control OF the butte q
BOSTON mine, For some time there mas
been a large buying of the stock IN ''e
oos+ Init no one seemed to be able TO
fathom whom the buying was Tor. IL
develops that wealthy New York pusi'
ness man of mining connection had gwen
a contract to New York banking house
for the purchase of all the capital II II
could be secured, and it is learned that
this buying has been for an estate repre-
sented by this capitalist and the l'aly-
Haggin party. tits said the deal involves
s6 600 900 or $SOOO,O00, and the acquisl-
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
SC 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 Folmosa has commenced a 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
so far been taken-the middle tunel-iS
high above the mill, the ore being sen,
down through a chute, long trestlc
connecting the upper end OF the chute
with the mouth of the tunnel. The new
tunnel will be 95 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 35 feet, al
through ore, before starting the mill tun
mel. Three shifts are being worked, AM
it is going in about 10 feet every q
hours. They expect to hold this rate
for the next 100 feet, that distance beins
through an old slide, but there solid rocE
will be struck and progress will be slow
er. The mill will be run little if any un
til the new tunnel is done.
| Full of Free Gold.
The report comes from Murray of on,
of the richest strikes ever made in tn
gold belt by William Wiley, A. Duncan
Silas Branch and John Mclaughlin Clip
perary jack on Friday. The discover,
was an eight-inch ledge filled with fire.
gold in plentiful quantities from wall, t,
wall, on the hill, just above town. No as
says have been made, but ton of tn
rock would unquestionably -:eId thou
sands of dollars. The discovery was no
the result of accident, but of deliberat
design, they having been hunting for i
for week or more, being induced there
to by the fact that rich pile of nugget
had been taken from property adjoinin
last year, and the further fact that Their
had been rich placer diggings farthe
down the hill in early days, with no a
parent source for the gold thus foun
unless it came from ledge up the hill
from the rich gravel
Baker City Properties.
The Baisley-Elkhorn mine, Is mile
northwest of Baker City, will pass int
the hands of syndicate, with a prospec
OF being better developed with ampl
capital. The property has been famou
gold producer even under adverse circum
stances. 1t is reliably stated that tn
purchase price is 100000. 1t is reporte
that Albert Geiser, late of the Bonanz
mine, has bought the Robbins Elk hor,
companion mine of the Baislev ELK
horn, and that development work wi
commence at once on an extensive plan.
Bonded the Arlington.
The Arlington claim of the Canada
hlng group, on the North fork of th
Salmon river, has been bonded for S35
ooo' W. l.. Boyd and Henry Hubert, tn
owners, have given the bond to the Ho Of
ih9s British Columbia Exploration Cor
pany' The property is gold, bearin.
partly free milling. Several shafts hay
been sunk. one 80 feet deep. On III
dump are 100 tons of pay ore.
Ore of Elk River.
| Peter Skjarve, a miner who has bee
prospecting in the Elk river country !
Idaho, this summer, has brought in som
fine specimens of free milling quartz n
ledge of which he located a few woor
ago. The samples show free gold !
abundance, and it is said the LEDGE !.
large one
Free Gold in Teutonic Min.
Free gold has been struck in ono ,
the mines of the Teutonic Mining Com
pany on Trestle creek, four miles fro,
Hope. The vein is now an inch and
malt wide, but is improving with dcntt
An extra force of miners will he nut =
work at once. f"'
Gold From the swauk.
w. A. Ford has brought downo fro,
Swauk seven beautiful nuggets Gao
worth $50, the result of one davis wor
on his claim, and a total of s42o with;
month. "-'"i