Adams County news. [volume] (Ritzville, Wash.) 1898-1906, 1898-04-20
HERE AND THERE IN MINES
COEUR D'ALENE QUARTZ LEDGE
English Syndicate Secures an OPP
tiOn of q ROssland Property
Work in the Pierre's Lake Dis
trict-Athnbasca Mine Floated In
London-Placers in the Upper
BoiHe.

trict-Athn basca Mine F1Oated In
LOndon-Placers i'm the Upper
Boise.
The quartz lodges of the Occur d'Alene
gold belt are divided into two distinct
classes, says the Murray Udaho) core
spondent of the Spokane Spokesman-Re-
view. The one on which the most work
has been done are small veins running
from few inches up to three OF four feet
the value is ordinarily only So to So per
ton. There are frequently pockets found
in all of them which will run as high as
$1,000 or even higher. These pockets are
sometimes quite extensive, as much as
100000 having been taken from single
pocket, and several Others have closely APP
preached these figures If one of these
veins is opened at a pocket it can be
worked by poor men, as enough can be
taken from the pocket to open up the
claim and tide the owners over until an
other pocket is struck. If pocket is not
found at first the owner holds on, doing
his annual assessment work, knowing
that sooner or later he will strike one. and
if it is one of considerable size he will he
independent thereafter No mine will ever
be found among lodges of this class that
will become known throughout the mining
world, although there will be lot of
them that will make comfortable fortunes
for their owners; and combination of
several of them may become really great
mine. 1t is in these ledges that the sue
cess of the camp lies, as they will always
insure a divided ownership. The other
class are large leads running from 10 feet
in width upwards to so feet or even more.
While extremely rich ore has been taken
from them, in the main they run more
regular values than the small leads, and
from a few assays taken at random one
can determine pretty closely what the
average value of the vein will be, barring
the change that will come with depth.
These will run from So to SIS per ton, a
value that would pay well if the gold
could be readily extracted, but the ore is
generally base after the first few feet be-
low the first surface, and it requires ex
pensive appliances to work them to ad
vantage. While it costs $2S per ton for
freight and smelter treatment, and with
out extensive plants of the most approved
machinery large part of the assay value
is lost in the tailings, little can be done
with them by men of limited means.
Eventually numbers of them lying con
tiguous to each other will come into the
possession of men or companies of large
means and they will develop into rivals
of the Homestake and Treadwell While
most of the wealth of the district will
finally come from the leads of this class,
they will not be of so great value to the
camp as the small ones, for they will
throw the control into the hands Of too
few men. While gold and silver form the
principal values of this class of leads,
there is some lead and copper in them, one
of them in particular, which is now in
mind, having pretty general assay returns
Of 10 per cent lead. OF course there are
some exceptions to this general classified
ton, but the differences noted here will
apply to nine out OF ten OF the veins in the
gold belt.
The Iron Colt.
The property of the Iron Colt Gold Min
ing Company, Limited, which consists OF
the Iron Colt mine, situated on Columbia
and kootenay mountain, in the Rossland
district, has been optioned to an English
syndicate. The terms of the option are
private, but it is said to be about $lOO,O
The purchasers, it is said, are amply sup
piled with funds and stand ready to ex-
pend a large amount for development
work. The sum OF $4,000 has been en-
pended IN development work, and the
property Is miriy wen opened "nat II
now needed ~ capi'ai 10 sihk 10 io"e,
level Ihere IS a strong iead uncovered
that Is from TO 80 ieet wide, ~ ieet IN
depth and Soo ieet IN length tone OF the
largest ore chutes IN tue camp, ana runs
about $9'oo ton. Ihere are zooo tons on
the dump. Ihe company was Incorporated
IN october, Is9o' with a capitai STOCK OF
share, and the money so derived was spent
Sl,VtU'Ooo. some Z4o,ooo shares OF the
treasury STOCK was sold at 10 cents per
in the work OF development. There Is still
a balance IN the treasury. Ihere are aiso
some 4o,oOO shares OF the treasury STOCK
on hand. The ore OF the Iron Colt con-
tains an excess OF iron and Is therefore In
demand for fiux. The smelters pay
bonus for each unit OF iron contained IN
such ore. The property IS highly valued
by the chief shareholders, and some OF