Red Lodge picket. [volume] (Red Lodge, Mont.) 1889-1907, 1898-04-02
SALES and DEVELOPMENT
GLANCE ABOUT MINING CAMPS.
Title Deeds Passed in the Purchase
OF the Whitewater Mlne-The Syl-
vanite Camp in MOntana-Placer
Work on the SnlmOn-Trnnsac-
tiOns in Red Mountain Properties.


tion< in Red Mountain Properties
Kaslo. B. c., reports that the entire bal
ance of the purchase price OF the White
water mine was paid over in cash, and th'
title deeds We're passed, by virtue OF which
the property comes into the possession o
the Whitewater Mines, Ltd, the tlotatioI
of which was recently successfully com
plcted in London by the managers OF The
London and British Columbia Gold Fields
Ltd. The deal was carried out and con
stlmmated in kaslo. BY the sale the two
thirds interest of j. c. Eaton OF Kaslo anc
". G. Price of East Oakland, Cal, was
purchased outright for cash, and the one
third interest of John i. Retallack and
Major Montgomery was paid for in stock
Of the new corporation. The first payment
on the deal was made December 81. with
90 days time on the balance. The exact
price is not made public, but it is general
l. understood that the transfer was made
on basis of S450DOO for the entire mine
Saturday the late owners of the White
water mine held a meeting i'll kaslo and
decided to declare a dividend approXimat-
ing $4,000, making q total OF Sl94 600
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,
7 10 Io Of
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.
SyIvanite.
The town Of Sylyanite, in the north
western corner of Flathpad county, Mon
tana, is a gold camp where there have
been no setbacks. and where new finds of
value We're made every week during the
past prospecting season. with an abund
ance OF ground yet unprospectcd 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 a sub
stantial place OF 800 inhabitants with
graded streets and better buildings than
are usually found i'll mining camps OF Il
years growth. There are several good
business blocks and five hotels, one of
which is Il three-stOry structure. There
are two properties that arc sufficiently de
veioped to be called mines. They are the
Keystone and the Gold Flint. The Key
stone is equipped with a 10 stamp mill and
which are running day and
night and working 36 tons Of ore daily.
The cleanup is made once a month, and
gold bricks find their way to
srsalsane with regularity. Keystone ores
run from 81 to Sl2 per ton-low grade, to
be sure, but easily handled, and so abund-
ant that it is big thing for the owners.
The keystone employs about so men i'll
the operation of the mine, not including
Lhc ore haulers. wood choppers and others
directly connected with the property. The
Gold Flint has Il fine new modern mill,
,uilt at a cost Of $4,000. The plant con
,ists OF a 20-stamp mill, six concentrates,
md a gravity car line $500 feet long con-
Meeting the mine with the mill The
equipment enables the company to handle
% tons OF S. to sl2 ore per day. The prop
'rty is developed to the 200-foot level, and
he ore body is from six to % feet wide
md consists Of oxides and sulphides. The
base ore is treated by the concentrator
md the oxides by the mill The mine EN-
'loys about tj5 men in all departments.
Mineral Hin District.
A great many Butte men are interested
lcar Pony, in the Mineral Hill district. 1t
$ said more men than ever before are
working in that section. and that from
shipped weekly from this district. The
aims that are the large producers are:
The Belle, Summit, Mountain Cliff, Will
ow Cree, and Ned. The Watseka mine.
which has been worked by Mr.. Miller and
'lr. Whipple during the winter, is pro-
Iucing some fine ore, and the gentlemen
vill soon begin shipping their ore. The
Natseka is one of the old stand by claims
u -iHhl|oil eoiulN. t''ltItil StdSoI
'asscs that some one does not make a
ucky hit in this mine. and take out a nice
hipment of ore which pays them hand
omely for the time expended, and yet the
elm is 50 irregular that company could
o nothing with it. The orc seems to be
n pockets and chutes.
4 Red Mountain Claim.
The Gertrude claim, on Red mountain.
indicate. The property was owned by a
pokane company, and the consideration
f the sale is half the stock of the new
ompany, with $4,000 to be placed in the
reasury by the purchasers for develop
lent purposes. The Gertrude is the sec
nd claim west of the War Eagle, and ad
oins the Number One, You Know, Sur
rise, and Novelty. The property is but
lightly developed but it is said to show
we'll defined vein. No work has been |
one on it for a long time. Wallace Mount |
as president and j. NJ AHrphey secre
ory of the Gertrude company.
ON Salmon River.
The Horseshoe Placer Mining Company
perating on the great horseshoe bend of
almon river are engaged in a mammoth |
They are making a cut of
800 feet through the neck Of the horse
zoe to turn the channel of the river: $50
,et have been already completed This
ut when finished will Law bare two miles
the river bed. The gravel taken from
ne cut yields from 60 to 10 cents in gold
pr cubic yard. The company proposes to
ork all the available gravel of the neck.
nd then the bed of the stream, which will
prove very rich.
New Free Milling Camp.
\ new free-m milling ore camp is about to
9 opened up about two and half miles
p the North Fork from Grand Forks, B.
The gold bearing ore is decomposed
hite quartz. Joseph Founder has just