Red Lodge picket. [volume] (Red Lodge, Mont.) 1889-1907, 1898-04-23
HERE and THERE IN MINES

tion of Il RosSland ProDerty-
Work in the Pierre's Lake Dis.
trict-Athnbasca Mine FIoated in
Boise.
The quartz lodges of the Occur d Alene
gold belt are divided into two distinct
classes. says the Murray (Idahol 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 SIS per
ton. There are frequently pockets found
i'll all Of them which will run as high as
$4,000 OF even higher These pockets are
sometimes quite extensive, as much as
S6o,GO0 having been taken from a 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 ledges Of this class that
will become known throughout the mining
world, although there will be lot OF
them that will make comfortable fortunes
Tor their owners, and a combination OF
several of them may become a really great
nine 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 50 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 SS to SIS per ton, a
value that would pay we'll if the gold
could be readily extracted but the ore is
base after the first few feet be
low the first surface, and it requires eX-
pensive appliances to work them to ad-
While it costs S2S per ton for
freight and smelter treatment, and with
out extensive plants of the most approved
a large part Of the assay value
5 lost in the tailings, little can be done
With them by men Of limited means.
Eventually numbers OF them lying con. {
lguous to each other NiN come into the
possession Of men or companies of large
means and they will develop into rivals
II the Homestake and Treadwell While
most OF the wealth of the district will .
inally come from the leads OF this class, {
hey will not be Of so great value to the
amp as the small ones, for they will I,
hroW the control into the hands of too 5
ew men. While gold and silver form the ,
values of this class of leads, |
here is some lead and copper in them, one {
i them in particular, which is now in S
1ind, having pretty general assay returns a
/ 10 per cent lead. OF course there are +
ONE exceptions to this general classitica-
ion, but the differences noted here will ]
pply to nine out of ten of the veins in the
old belt :
The Iron Colt.
The property of the Iron Colt Gold Min
1g Company, Limited, which consists Of
ne Iron Colt mine, situated on Columbia t.
nd kootenay mountain, i'll the Rossland II
istrlct, has been optioned to an English a
indicate. The terms Of the option are Il
livate, but it is said to be about 100000.
he purchasers, it is said, are amply sup b
lied with funds and stand ready to ex- tt
end Il large amount for development D
ork. The sum Of $4,000 has been ex- K
ended in development work, and the Il
roperty is fairly well opened. What is la
DIV needed is capital to sink to lower b
vel. There is strong lead uncovered fl
lat is from 6 to ;}5 feet wide, so feet in
'pth and 800 feet in length Tone Of the al
rgest ore chutes in the camp, and runs Fl
,out $3.50 a ton. There are $500 tons on m
e dump. The company was incorporated Sc
October, 1896, with a capital stock of
are, and the money so derived was spent ne
100000. Some 100000 shares Of the "
easury stock was sold at Is cents per i1
the work of development. There is still al
balance in the treasury. There are also
me 10000 shares of the treasury stock re
hand The ore of the Iron Colt CON CA
ms an excess Of iron and is therefore in ne
mand for tluX. The smelters pay m
nus for each unit Of iron contained in ca
ch ore. The property is highly valued b1
the chief shareholders, and some of il,
EN- are loath to part with their hold
5s, because they think the property has
erit. 1t is believed that richer ore
utes will be encountered when greater
pth has been reached -,
Pierre's Lake District. an
b. I. Trimble of Colfax was on the res Pl
'ation the other day for the purpose of WI
wing the work done on property in fo1
ich he is interested on Sulphide mount Gle
/, in the Pierre'sA Lake district Mr.. WI
imble is president Of the Sulphde th
'nntain Milling and Mining Company, of
imposed of business men of Portland and do
flax. The ore is copper and galema, and col
rs well in gold and silver A small at
w has been at work this winter sinking Al
haft, which is down about 50 feet. The otl
&c is quartz, with diorite and slate on Gu,
foot wall, serpentine gangue rock and on
'phyry on the hanging side. 1t runs pu
'theast and southwest, dipping a little ov'
he east. Al 80 feet a crosscut was made a
2 ledge had widened considerably from TIL
surafce and showed a fine ore body OF in
m four to five feet. Assays taken from pie
ledge at this depth gave value of shi
.2S: Of this, 1874 was in gold, the re-
inder being copper, lead and silver
'rk is to be pushed to the lO0-foot level. =,
ere another crosscut will be made, and for
$ thought that the company will be in tro
ltion to ship ore by that time The we
bin surveys runs within a mile of this M,
perty ma
The Athabasca Mine. doc
Jews comes that the Athabasca mine ma
Nnll II 4, .,.@