Mohave County miner., 1899-12-23
Butterfly Mine Sold.

Gated in the Telluride district, San Mi
guel county. The price mentioned in
the consideration is 200,OOOS. or this
amount 75,O00S has been paid down.
Subsequent payments are to be made
of 2,5O0S on or before March 10, 1900,
and the final payment of 62,5oO$ on or
before June 10, 1900. The Butterfly
has made an excellent record during
the past year and is regarded as one of
the best properties in the Telluride
district. The property consists of
eight claims, the Butterfly, Terrible,
Buckeye, Buckeye No. 2, Ida, Ida No.
|, Ida No. 2, and Balm of Gilead lodes,
and the 30 stamp mill connected with
the property. The original owners were
Kunte Benson, Helen Benson and Gust
Paro. The ore is largely free milling
aud the production for the past year
has been large and steady, consider
able shipments of concentrates having
been made besides the crude ore treat.
ed at the mill. The property has a
fine equipment, with all the necessary
buildings, Office, laboratory, boarding
and bunk house, and tramway con-
Meeting the mine and mill. The cost
of the surface improvements alone was
upward of 65O0Os, and more than 125,
COOS has been expended on the devel-
he ha
ments consist of an adit tunnel 1000
feet long on the Butterfly vein from
which a crosscut has made a connec-
tion with the Terrible workings for air,
two tunnels forming the second and
third levels on the Buckeye vein about
1000 feet long which have been con-
nected by an upraise, an S5-foot shaft
on the Ida, and the old workings on
the Terrible, a silverlead proposition
that is not now worked, the total
length being about a mile and a half
of underground workings.
The long tunnel on the Butterfly is
$50 feet below the surface at the breast,
which is still in ore on an ore chute
that is now about 400 feet long and has
been stopped for distance of 40 feet
above the tunnel level, leaving not less
than 800 feet of good stopping ground
before reaching the leached ores at the
surface. Daniel Sayer, who made care
full samples of the property for Mr..
Bullock, estimates the contents of this
block of ground at "A $50 tons, of an
average value of 3l.97S per ton, the
average width of the vein in this chute
being two aud one-fifth feet. Another
chute on the Butterfly vein has been
stopped out for 40 feet above the tun-
mel level. Another chute on the But
terfy vein has been stopped cut for
forty feet above the tunnel level. In
this chute, which is near the mouth of
the tunnel and consequently near the |
surface, it is estimated that there are
1888 tons of ore with an average value
of l02.40S per ton, the total value of the !
ore in sight being upward of 932.0O0s.
A new ore body was recently uncov-
cred carrying -four feet and nine inches
of ore that average 4.24 ounces gold
per ton.
The estimate of a yearly output of
60OOOS is made on the results of their
own working, running everything
tbronob tho m, ;ll ,,;tbo,t sor,;,,n ,xl ,
without taking cyanide into considera-
tion at all. Their ore has averaged
but l3s and las per ton, while Sayres'
examination shows it to run over 30s,
and with the greatest values in the
places where the ore chute widens out.
Treating only rs tons per day with
cyanide of 13s ore ought to show over
150,O0OS net profit per annum, and with
30S ore as is actually the case we do
not wish to make any estimate as to
what it ought to pay when properly
managed. Mr.. Sayres' examination
at first showed so much better values
than we had expected to find that we
have had second and even more ex-
haustive examination made to avoid
any possible chance of error. The first
examination sampling every fifteen
feet showed an average value of 3l.97s.
and the second sampling every ten feet
shows 324SS in the ore chute 400 feet
long which makes an almost perfect
phack Mipipu PaonrJ