The Kootenai herald. [volume] (Kootenai, Idaho) 1891-1904, 1897-10-09
NEWS OF MINES.
ON BONANZA AND Ell DORADO.
Another Rich Chimney of Good Ore
in Montana Property-Le Hoi
Dividend-OptiOn on the Josie
New District i'm Idaho.

George Stanley, who is mining on
FL 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 FL Dorado
creeks Stanley also writes that the Ca
madam government is eXacting roy
atty of % 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 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 a 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
dividend of $4,000. This is the goth
dividend paid by the lie Roi company,
and swels the total paid to stockholders
to $625,000. Inc first dividend was de
clared just two years ago yesterday, and
was for $4,000. No other payment was
made until February q, 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 a propo-
sition to the meeting in writing offering
to incorporate a company under the laws
of England with capital of f250,0O0
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.. Ricards 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 a visit to a new gold
district on the Middle Salmon that APP
pears TO be wonder. 1t was reported
about month ago by the discoveries
who brought in 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, tn,
discoveries, took out $3.50 in eight days
The dirt runs 25 cents to the pan, Will,
much is declared to be not less than SlC
ton. The ore is conglomente Will
porphyry constituting the base.
Last Chance Sold.
The Last Chance mine and group, own
ed by +. II. Thomlinson, f. A. Wood anC
DIR. Hendrix has been sold, is the new
from Sandon, B. c. The figure was 1925,
600, practically cash. Scot Mcdonald
manager of the Payne, and Mr. Big
gerstafI, acting presumably for the Nc
Cunes, were the purchasers. The min
was examined this week by Mr. Melon
aid and the deal was closed on the da,