Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1898-04-23

Boise.
Tho quartz lodges of the Occur d'Alene
Ia belt are divided into two distinct
s.assea saws the Murray tIdaho) CORE
andent of the Spokane Spokesman Re
r. The one on which the most work
Los been done are small veins running
taor, few inches up to three or four feet,
40 value is ordinarily only ST to So per
ton There are frequently pockets found
n all of them which will run as high as
s,oO0 or even higher. These pockets are
ro,ratimes quite extensive, as much as
10000 having been taken from single
nocket. and several others have closely APP
nroached these figures If one OF these
aims 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
Il II is one of considerable size he will be
INDEPENDENT LutltSilNCI NV hilIlC " III S'NA
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 a combination OF
several of them may become a really great
mine. 1t is in these lodges that the sue
cess of the camp lies, as they will always
insure divided ownership. The other
class are large leads running from 10 feet
in width upwards to 80 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 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 SIS to SIS per ton,
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 $28 per ton for
freight and smelter treatment, and with
out extensive plants of the most approved
machinery a 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
bguous to each other will come into the
possession of men or companies of large
Means and they will develop into rivals
d the Homestake and Treadwell. While
- IL - -.
i finally come from the leads of this class,
y 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
4 principal values of this class of leads,
4 there is some lead and copper in them, one
of them in particular, which is now i'll
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 100000
Ihe purchasers, it is said, are amply sup
pied with funds and stand ready to eX-
/. pend large amount for development
work. The sum of $4,000 has been ex-
pended in development work, and the
property is fairly well opened. What is
now needed is capital to sink to a lower
leVeI' There is a strong lead uncovered
mat is from to 35 feet wide, so feet in
aepth and 300 feet in length tone of the
largest ore chutes in the camp, and runs
ABOUT $3.50 a ton. There are $500 tons on
.ne dump The company was incorporated
III october, 1896, with a capital stock of
mare, and the money so derived was spent
sl'ooO,OOO. Some 100000 shares of the
treasury stock was sold at Is cents per
III tne work of development. There is still
oalance IN the treasury. There are also
some 10000 shares of the treasury stock
'n hand. The ore of the Iron Colt con-
ANS an excess of iron and is therefore in
ueniand for fluX. The smelters pay a
DOnuS Tor each unit of iron contained in
iu'n ore The property is highly valued
The chief shareholders. and some of
.aein are loath to part with their hold
ss' because they think the property has
,lent' 1t is believed that richer ore
d nu.eS Will be encountered when a greater
uepth has been reached.
fierre's Lake District.
- L. Irlmble of Colfax was on the res
v;oa. 'oh the other day for the purpose of
wing the work done on property in