The Kootenai herald. [volume] (Kootenai, Idaho) 1891-1904, 1898-04-23
HERE and THERE IN MINES
CoEUR DALENE QUARTZ LEDGE
English Syndicate Secures an OPP
ton of Rossland Property
Work In the Pierre's Lake Dis
trict--Athnbascn Mine Floated In
Boise.

classes, says the Murray (Idaho) 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 or four feet,
the value is ordinarily only Sc 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 be
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 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 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 Sl5 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 $2S 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
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 i'll 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 100000
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 ex
pended in development work, and the
property is fairly well opened What Is
now needed is capital to sink to a lower
level. There is strong lead uncovered
that is from to 80 feet wide, 80 feet il
; depth and 300 feet in length Tone of tn,
e largest ore chutes in the camp), and run,
, about $3.50 ton. There are $500 tons OF
f the dump. The company was incorporated
5 in October, 1896, with capital stock O.
share. and the money so derived was spen
$l,000.000. Some 100000 shares of tn,
I treasury stock was sold at 10 cents PEE
in the work of development. There is still
q a balance in the treasury. There are ais,
some 10000 shares of the treasury stool
on hand. The ore of the Iron Colt con
7 tains an excess of iron and is therefore il
demand for fluX. The smelters pay
bonus for each unit of iron contained il
such ore. The property is highly valued
+ by the chief shareholders. and some o
: them are loath to part with their hold
y ings, because they think the property ha
r merit 1t is believed that richer or
h chutes will be encountered when a create
depth has been reached.
Pierre's Lake District.
# f. T. Trimble of ColfaN was ON the res
e ervation the other day for the purpose q
t viewing the work done on property i
5 which he is interested on Sulphide mount
J. ain, in the Pierre's Lake district Nh
- l.. IL. I. i