The Kootenai herald. [volume] (Kootenai, Idaho) 1891-1904, 1898-04-02
SALES AAD DEVELOPMENT
GLANCE ABOUT MINING CAMPS.
Title Deeds Passed i'm the Purchase
of the whitewater Nfne-9he Syl-
vanite Camp I'm Moatana-Placer
Work on the SsImon-1rnnsac-
lions fa Red Mountain Properties.


water mine was paid over in cash, and the
title deeds were passed, by virtue OF which
the property comes into the possession OF
the Whitewater Mines, Ltd, the fiotation
OF which was recently successfully conf
pleted in London by the managers Of the
London and British Columbia Gold Fields,
Ltd. The deal was carried out and con-
summated in Kaslo. By the sale the two
thirds interest of j. c. Eaton of Kaslo and
w. c. Price OF East Oakland. Cal, was
purchased outright for cash, and the one
third interest of John L. Retallack and
Major Montgomery was paid for in stock
of the new corporation. The first payment
on the deal was made December 81, with
30 days time on the balance. The exact
price is not made public, but it is general
| iy understood that the transfer was made
on basis of S450,000 for the entire mine.
Saturday the late owners of the White
water mine held a meeting in Kaslo and
decided to declare dividend approximat-
ing $4,000, making a total of Sl94, 900
paid in dividends to date. The amount of
the dividend today includes the net profits
of the big silver property to the 23d inst,
the date of sale to the Whitewater Mines
Ltd. According to the terms of the con-
tract part of Saturdays dividend goes to
the new owners The mine is now in
charge of S. S. Fowler, representing the
purchasers. 1t is believed by some he will
have the management of the property.
Sylvanite.
The town of Sylvsnite. in the nerth-
western corner of Flathead county, Mon
Ia IN, is gold camp where there have
been no setbacks, and where new finds of
value were made every week during the
past prospecting season, with an abund-
ance of ground yet unprospected that is
doubtless as good as any. The town has
grown from village of tents about one
year ago with a population of 100 to sub
stantial place of 900 inhabitants with
graded streets and better buildings than
are usually found in mining camps of a
years growth. There are several good
business blocks and five hotels, one of
which is three-story structure There
are two properties that are sufficiently de-
veloped to be called mines they are the
keystone and the Gold Flint. The Kew
stone is equipped with a l0-stamp mill and
concentration which are running day and
night and working SO tons of ore daily.
The cleanup is made once a month. and
substantial gold bricks find their way to
Spokane with regularity. keystone ores
run from S4 to $l2 per ton--low-grade, to
ha h1tt ii
ant that it is big thing for the owners.
The Keystone employs about so men in
the operation of the mine, not including
the ore haulers, wood choppers and others
directly connected with the property. The
Gold Flint has fine new modern mill
built at a cost of $4,000. The plant con-
sists of 20stamp mill, six concentrates.
and a gravity car line 2so0 feet long con.
Meeting the mine with the mill. The
equipment enables the company to handle
20 tons of So to Sl2 ore per day. The prop
erty Is developed to the 200-foot level, and
the ore body is from six to % feet wide
and consists OF oxides and sulphides. The
base ore is treated by the concentration
and the oxides by the mill. The mine EN-.
ploys about 65 men in all departments.
Mineral Hill District.
great many Butte men are interested
near Pony, in the Mineral Hill district. II
is said more men than ever before are
working in that section, and that from
three to five carloads of ore are being
shipped weekly from this district. The
claims that are the large producers are:
The Belle, Summit, Mountain Cliff, viii
low Cree. and Ned. The Watseka mine,
which has been worked by Mr.. Miller and
Mr.. Whipple during the winter, is pro-
ducing some fine ore, and the gentlemen
will soon begin shipping their ore. The
WstselSa is one of the old stand by claims
of Madison county. Seldom season
passes that some one does not make q
lucky hit in this mine, and take out nice
shipment of ore which pays them hand
somely for the time expended, and yet the
vein is so irregular that company could
do nothing with it. The ore seems to be
in pockets and chutes.
Red Mountain Claim.
The Gertrude claim, on Red mountain,
in Rossland, has been sold to an eastern
syndicate. The property was owned by
Spokane company, and the consideration
of the sale is half the stock of the new
company, with $4,000 to be placed in the
treasury by the purchasers for develop
ment purposes. The Gertrude is the sec
ond claim west of the War Eagle, and adj
joins the Number One. You Know, Sur
prise, and Novelty. The property is but
slightly developed but it is said to show
well defined vein. No work has hean