Cottonwood report. [volume] (Cottonwood, Idaho) 1893-1901, 1897-07-09
NORTHWESTERN MINES
DEVELOPMENT WORK ON PROPER
TY NEAR TROY, MONT.
A $4,000 Gold Brick From Placer
Diggings on salmon River,
IdahO-Mining Notes.

Work on the Big Eight property, six
miles from Troy, Mont, is said to be
going ahead at a rapid rate. The own
ers recently let contract for cross
cut tunnel 27O feet in length, of which
so feet has already been completed.
The ore is silver-lead, and is said to be
a splendid concentrating product, sim
liar in many respects to the ore of the
b. & b., in the same vicinity. This
property was located seven years ago,
and bonded for 1856 1000. After doing 200
feet of work the bond was thrown up
and the property was not again worked
until last spring, when active develop
ment was commenced. When the lead
is struck the owners will determine
whether or not to install machinery. The
property is located six miles from Troy,
Mont, on Callahan creek, and comprises
two claims.
Buys the Hi-Yu.
Glen b. King has purchased the Hi
yu gold mine in the Florence (Idaho)
district. The property was owned by
Spokane company. There has been dis
satisfaction existing in the company for
some time and the sale was the result.
The price was about $4,000. The Hi-yu is
property that paid its original owners
some years ago something like $4,000,
but for some reason work stopped and
the mill was moved away. The company
which has been operating it recently has
done some development work, but no ma
chinery has been put on the property to
work it. The new owner, Mr.. King,
promises to put in machinery and proper
ly develop the property.
Bear G1lch and COloma.
Harry Thompson, who has just return
ed to Missoula, Mont, from Bear gulch
and the Coloma district, says all of the
placer mines along Bear creek have had
a good season this year and the prospects
for the rest of the summer are excellent
as the streams have still plenty of water
and the season will probably be longer
than was anticipated early in the spring,
In the quartz mines the work this year
has been successful and the indications
are that the Coloma group will become
rich in its output. While the work of de-
velopment has been going on in the Nam
moth mine under the direction of Super
intendent Browne the Mammoth mill
has been operated under lease by the own
ers of the Stillicom and other small prop
critics near by, and the results have been
more successful than any other expert
ment that has been made. The trouble
has been heretofore that the percentage
of loss was so great that the operation
was not profitable, but this has been over
come by the present mill superintend-
ent.
$4,000 in 80 Days.
"A gold brick valued at about $4,000 is
the result of about 80 days run of the
victor Mining Company placer diggings
on Salmon river, Idaho, of which C. W.
Ide of Spokane is president. "We have
been fairly successful in some ways and
unfortunate in Others said Mr.. Ide, who
has been waiting his appointment of mar
shall for so great period that his face
has naturally grown long. 'We started
out thinking we would cut swath this
year, but three cloudbursts came and de-
stroyed our confidence and fumes at each
time. In consequence we have been put
to great deal of unlooked-for ex-
pense."
Seven Devils.
j. b. Perkins has just returned from
the Seven Devils mineral district. He re
ports the existence of valuable ore bodies
in that country, but advises prospectors
to stay away. Almost the whole mineral
belt is held by locations and relocations,
he says. This system has been carried on
for 10 years with no development and but
little assessment work. There are IL pat,
ented mines in the district and $4,000
acres in solid body have been held for
many years by methods adopted for the
purpose of defeating the intent of the
mining laws.
Purchase Involving s75O,OOO.
There is a report in mining circles that
the Bonanza mine, free gold property
near Baker City, Or, has just been sold
in New York to New York capitalists for
$75O,O00. The Bonanza is a big property
and is said to operate 20 stamps and to
pay monthly profits of about $25, 600. The
was recently exported by George
Milliken for the New York purchasers. |
and it is said to be upon his report that |
the sale was made. Milliken was former
ly mineral expert for the Northern Pa
cific.
Nearly Eight Millions.
The report of the PARROT company, |
filed with the assessor at Butte, shows |
that it operated its mines and smelters
at profit of $4l2, 37766 during last year, |
which is almost double its profits during
the previous year. The report makes the |
net earnings of all of the large mining
companies in Butte for 1896. 81, 1890 .06. |
Exchange Group bonded
Chas- Upper has, it is reported, bonded |
the Exchange group on Superior creek in
the SLOGAN district. The claims. purchased |
are: The Victoria. Exchange, Skookum
and Silver Plate. The property is thought
to be of good value and the consideration
is said to be fixed at $40, 500. Develop
ment work will begin soon.
Wood River District.
Considerable excitement has been caus-