The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-08-22
Heavy Investments of Capital
There.
A SEVERAL-TON BOULDER
Outlook for a Number Of Good Proper
ties = The Montana, Dewey and
Gable Ledge Showing
Up Well.
Special Correspondence of the Standard.

| the Buzz Saw, on Shaughnessy hill.
! have been invested in the Libby dis
| trict since the first day of last January
approximately 100000 of foreign capt.
tai. The Snowshoe group Of claims
was transferred from the original owners
| for a consideration of $780, 900 and the
| last payment was made by Mr.. Walters.
as trustee for the English company
| which has acquired the property, on
| the 18th of May and the deed transfer
| ring the title was placed on file in the
| Office of the recorder of Flathead coun-
| ty on that day. Pending the compile
| ton of the several payments and since
the final payment has been made this
| company has expended in the neigh
borhood of 5000, 900 in improvements in
| the mine and in the purchase of ma
chinery. Expenditures at the Buzz Saw
| will amount to over $15000O. The plant
which the United States & British Co.
| lumbia Mining company is putting in
on the property will cost approximate
| ly 100000 when completed, and the
mine is being Systematically developed
| all the time. What the purchase price
of the property is has not been given
out, and the only thing that has been
placed on file is a memorandum that
there is a deed to be given when GER
tain conditions have been compiled
with. 1t is quite generally understood.
however, that the property brought
$4,000, and one payment has already
been made. What the payment was is
not known on the outside, as the COM
pany is very close mouthed about it's
business affairs and has made special
requests of the original owners that
nothing be said by them.
Good showing on the Montana
Charles Morrow, one of the owners
of the Montana claim, near Sylvanite,
was in Libby last week. This property
is developed at present by an incline
shaft 80 feet deep, the ledge dipping
into the mountain at an angle of about
80 degrees. A force is now at work in
the bottom of this shaft and it will be
driven to the 125-foot level and the
ledge will then be drifted on each way.
The future developments of the prop
erty will depend upon what is found
after the ledge has been drifted on. The
shaft follows the ledge all the way down
and on the hanging wall there is
streak of high-gr ore which runs 70
per cent. in lead, AZ ounces in silver and
about 81 in gold. There are carbonates
in the other part of the ledge which
run SO per cent. lead, Sc ounces in silver
and about So in gold. The ledge has
never been croSs-cut to the other wall,
so it cannot be stated how wide It is.
The ore struck in the Montana is en-
tirely different from anything found in
the Yahk district, as nearly all the
other claims are free milling PROPOSE
lions, while this is a silver-lead, the ere
being galena. In addition To this claim
the owners have also acquired mi'lsite
on Seventeen Mile creek which is not
far from the mine. In addition TO Nh.
Morrow, the owners are the Lemley
brothers, and Messrs. Daigler and LieD-
enow. The claim is situated about two
miles from Sylvanite, on the other SIDE
of the Yahk river from the town, and
about one mile from that stream.
On the Dewey Claim.
The Dewey claim, in the vicinity of
Troy has a very good showing. and it
is expected that something Will be done
with this property the present season.
James T. Hills has just returned from
trip to this property and reports that
a 2O-foot shaft. 1t is owned by Messrs.
Allen and Freeman of Troy. 1t is about
five miles from that place and the ledge
is two feet wide. 1t is a silver-lead
proposition and the values are eXcep-
tionally high, running 125 ounces in sill
Yer and go per cent. lead. About three
tons Of this high-grade ore have been
taken out of this claim and much of
1t has been carried away in specimens.
Nothing is being done on the property
at present.
Assessment Work on the Cable Ledge.
George Bryant has returned from
silver Gable mountain where he has
been the past month doing the assess
ment on the Idaho, which adjoins the
Silver Gable on the south. This claim
is developed by a tunnel 40 feet IN
length and the vein is four feet wide.
The character of the ore is the same
as the Silver Gable, being concentrat-
ing galena. and the values are in gold,
silver and lead. 1t is owned by George
and Thomas Bryant and Thomas Oil
yer.
Down the hill from the Idaho, Sam
Pool and Dan Stuart are at work on the
Eureka and they have tunnel In ITO
feet. 1t is on the same ledge as the
Silver Gable and Idaho.
Across the gulch and on the other side
of Poorman creek Greeley and Scan
lon are at work on the Poorman claim,
on which they have tunnel 80 feet.
This claim is on the ledge above de-
scribed
A Several-Ton Boulder.
John A. Graham brought down some
ffne-looking rock from his claim in
Snowshoe gulch last week. 1t is known
as the Molly Gibson and Mr.. Graham
bought it from Messrs. Rath and Muir
ray last fall. 1t is situated a little
further down the gulch and higher up
the hill than the Snowshoe mine and
the strike of the ledge is almost at an
angle with that of the Snowshoe ledge.
The ledge is IA feet wide and there is a
streak in it about or 10 inches wide of
shipping ore, being nearly solid galena.
Assays from this streak run 6S per cent.
lead, 10 ounces in silver and 50 in gold.
Mr.. Graham took up load of sup
plies last week and will remain there
the balance of the summer doing devel-
opment work. But little more than as
n "a