Red Lodge picket. [volume] (Red Lodge, Mont.) 1889-1907, 1897-09-25
MINING FACTS AND TALK
DALY-HAGGIN ANACONDA PARTY
SECURE BUTTE AND BOSTON.
New Tunnel on the FormOsa Cut the
Lead at 300 Feet-Coeur d'Alene
Discovery.

No little excitement has been caused
in mining circles here by the announces
ment that the DAILY Haggin Anaconda
party had secured control of the Butte <
Boston mine. For some time there has
been a large buying of the stock III the
east, but no one seemed to be able to
fathom whom the buying was for 1t
develops that a wealthy New York busi-
ness man of mining connection had given
a contIact to a New York banking house
for the purchase of all the capital if it
could be secured, and it is learned that
this buying has been for an estate repre-
scented by this capitalist and the DAILY
1Iaggin party tits said the deal involves
$6,OOO,OOo or $S,OOO,0GO, and the acquisi
tion of the Butte mine by the Anaconda
will give the latter additional voice iii
the management of the Butte & Boston
Mining Company. Only recently an as
sessment was levied on the stockholders
So that the company at the present time
las at least Sl,O00,O0O in its treasury.
Ecstor capital has always controlled Tic
property.
New Tunnel on the Formosn.
The Folmos;t has commenced a new
tunnel, starting from the level Of the orc
bins at the MILL is the report from Gem,
Idaho. The tunnel through which ore has
so far been taken-the middle tunel-io
high above the mill, the ore being sent
down through a chute, long trestlc |
connecting the upper end Of the chute
with the mouth of the tunnel. The new
about 800 feet to cut the lead. The pres
ent working tunnel ran 100 feet to the
lead, from where they driftcd 400 feet, all
the way on orc, 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 50 feet. all |
through ore, before starting the mill tun
mel. Three shifts are being worked, an,i
it is going in about 10 feet every 24
hours. They expect to hold this rate
for the next 100 feet, that distance being
through an old slide, but there solid rock
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 one
of the richest strikes ever made in the
gold belt by William Wiley, A. Duncan,
Silas Branch and John Mclaughlin Tip
perary Jack) on Friday. The discovery
was an eight-inch ledge filled with free
gold in plentiful quantities from WALL to
wall, on the hill, just above town. No as
says have been made, but a ton Of the,
rock would unauestionably ,~1eld thou
sands of dollars. The discovery was not
the result Of accident. but Of deliberate
design, they having been hunting fer ii
for week or more, being induced there
to by the fact that 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. ,ith no az
parent source for the gold thus found
unless it came from a ledge up the hill
from the rich gravel.
Baker City Properties.
The Baisley-Elkhorn mine, Is miles
northwest Of Baker City, will pass into
the hands Of syndicate. with prospect
of being better developed with ample
capital The property has been famous
gold producer even under adverse crcum-
stances. 1t is reliably stated that the
purchase price is 100000. 1t is reported
that Albert Geiscr. late Of the Bonanza
mine, has bought the Robbins Elk horn
a companion mine of the Baisley Elk
horn, and that development work will
commence at once on an extensive plan.
Bonded the Arlington.
The Arlington claim of the Canadian
Salmon river, has been bonded for $35,-
00O. W. l.. Boyd and Henry Hubert, the
owners. have given the bond to the Hast
inss British Columbia Exploration Com
pany. The property is gold bearing,
partly free milling. Several shafts have
been sunk. one 30 feet deep. On the
dump are 100 tons Of pay ore.
Ore of Elk River.
Peter SIX jarve, a miner who has been
prospecting in the Elk river country, in
Idaho, this summer, has brought in some
fine specimens of free milling quartz, the
ledge Of which he located a few weeks
ago. The samples show free gold i'll
abundance, and it is said the ledge is
large one.
Free Gold in Teutonic Mine.
Free gold has been struck i'll one Of
the mines Of the Tcutonic Mining Com
pany on Trcstle creek, four miles from
Hope. The vein is now an inch and a
half wide but is improving with depth.
An extra force of miners will be put TO
work at once.
Gold From the Swnuk.
W. A. Ford has brought downo from
Swauk seven beautiful nuggets, each
worth $50, the result of one days work
on his claim, and total Of 1920 within
a month. ......