The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1892-1907, 1898-09-24

faIo. The ledge Is large and crops for
nearly 1000 feet. 1t Is . contact vein be-
tween granite and sehist. II Il reported
in Florence that an average sample Of
eight feet Of the ledge gave gold values
Of gi74.35. II IL said that Mr.. Giidden
win at once put force Of men TO work
on the property.
News comes from Florence that other
mining capitalists are investigating the
prospects on Buffalo Hump, and that
several deals are in prospect.
First Diytaena Paid.
The Republic Mining Company declared
its first dividend yesterday. The amount
is $4,000, or three cents per share, and II
win be paid October 10. transfer books
closing October 1. The dividend has been
anticipated for some time. as It was
known that the mine had shipped enough
ore TO pay all indebtedness and 10 leave
q handsome surplus in the treasury.
II il the intention Of the company to
pay dividend regularly each month and
the amount is mot expected to fall beiow
three cents per share. 1t 10 more prob
able that it will be considerably above
that sum in the near future. Il is the
intention to set the figure at sum which
the management feels confident can be
kept up regularly.
In the Chelan District.
In q letter received from William II.
Burns Of Chelan Falls. Wash, he tells n
a strike recently made in that vicinity
a. follows: -Four miles from Chelan Falls,
and directly above the falls, large body
of free milling quartz has been discovered.
Ii has been developed by trench go
feet long which has cut 81 feet Of honey
eombed quartz Sixteen assays have
been made, the highest gave $l9.6l N
gold and ii ounces silver, and the lowest
was 20 cents in gold and ounces silver.
The average of the l6 tests made was
s9.97 gold and SIT silver. There are good
roads TO the properties and the steamer
lands 100 feet below them. a. the crow
flies.
DR.. A. J. Lauternan Of the Iron Crown
mine at Newsome. Idaho. il one Of the
principal owners OF the vindicator mine
at Cripple Creek, Colorado, which yields
$4,000 monthly and he said he regarded
the Iron Crown As the best mine in which
he is interested Two Kincaid mills have
been installed upon it and are crushing
twenty tons Of ore per day. Dr.. Lauter-
man says that he was informed by the
manager, w. II. Wolf. that the output
would be $1,000 per day Is long as ore
like that now being crushed can be sup
piled The supply seems to be beyond
estimate from present developments.
Large Mineral Patent.
Jacob Goetz appeared last week and
tiled at the land Office final proof for prob
ably the largest contiguous body of min
eral land ever patented in the state Of
Washington The property is the Lame
Foot group, sometimes called the Frank
furt, comprising II claims as follows:
Lame Foot, Iron Mountain, Holyoke,
Miners Delight, Lake Shore, Curlew, En-
terprise, w. J. Bryan, Sunset. Portland
and Lucky Boy. The claims are on the
west side Of Curlew lake on the reserva-
tion. They include Isl acres and the
cash paid for the land alone was 1855.
The cost of the surveyor generate plats
alone was $500.
The property is low grade proposition.
On the Lame Foot a solid body of ore
100 feet wide has been opened up. Over
$4,000 has been expended in develop
ment. A compressor plant Is on the prop
erty. transportation is necessary before
the mine can become profitable.
sarIkeA I'm Montana.
c. II. kenney from Saltese, Montana,
reports two good strikes on the property
of the Eclipse Mining and Milling Com
pany, between Saltese and BoTax. The
most important is on the Kearsarge.
where in the bottom Of a 40-foOt shaft
they have three feet Of ore which runs
IS per cent lead and lao ounces in silver.
They have about four carloads Of it out
ready for shipment and will send it to the
smelter in few days. The other is on
the Shakespeare, Nhere they have already
crosscut through 1--WE and one-half feet
of ore and are not yet through it II is
lower grade than the Kearsarge and en-
tirely different ore. running only 20 to
IS ounces in silver, S. to IS in gold, a
little copper and no lead. The two lodges
are running nearly at right angles with
each other, crossing in the ground owned
by the Eclipse Company.