Gilpin observer., 1900-04-26
FLOAT.


cGyiirered IN the deep Banker shaft on
Breece hill, Leadville, within the past
few days, and II Is more than ever
evident, that the ore body Is being got
ten near,tO.
The Cochiti and Navajo Gold Min
ing Companies, owners of the Alber
marie and the Lone Star groups of
mines in the Cochiti district. have con-
solidated, and the consolidated corpo-
| rations will probably wear the title
| of the first named company. The COM
| panies are the largest mining corpora
tions at Bland. and are capitalized at
| several million dollars.
1t is learned that the Isabella COM
pany has made satisfactory arrange
ments with the smeters for the treat
ment of its ore. and that work will be
carried on without cessation. Ore is
being hoisted from the mine and Il
rich shipment will probably go out in
n short time. The stock has gone up
about 10 cents in the past week, and Is
in good demand. 1t is stated that the
ore now being hoisted is from the fifth
| level and that in short time, the ore
blocked out in the tenth and eleventh
levels will be hoisted to the surface and
| n shipment made that will rival the
rich shipment made last fall
y prominent Utah mining man says:
Mining in Utah is progressing by
| giant strides. 1t seems as If there is
Il good mine under every prospect in
| the state. and all the mining camps in
| tie state are developing rapidly. Tin
tic and Mercur are steadily improving
4 and there are now 10000 people at
| Mercur. What is most needed is the
clearing out of some of our mossbacks.
| They sold some of the Mercur mines
to Nebraska fellows and thought they
1 had caught some suckers. The Ne
! braska men put in n cyanide mill and
the result is one of the greatest camps
in the country. The old-timers would
not avail themselves of modern meth
ods but new blood is coming in and
make Utah great mining state.'
A large body of ore is reported to
have been found in the 500-foot level
of the lngham at Cripple Creek, and it
is anticipated that it will soon be one
of the largest shippers of the district.
The Raven lease on the Ingham claim
of the Ingham company is in good ore
in the third. fourth and fifth levels.
The Raven leSSees have been working
in ore from the start. and the Lost Pin
son ore shoot is supposed to have been
found. In reference to the probable
consolidation of the lngham in the new
lslliton Consolidated Company. there
seems to be considerable agitation and,
while it is generally conceded that such
Il consolidation would be advantageous
to both mines il is not settled that such
ii consolidation will be effected. The Of
ticers of the company are reticent
about giving out any information.
The southwest corner of Grand coun.
ty is one of the sections of the state
| hnpn In, "
pected, though there have been fire.
qnent discoveries of rich mineral in
that section. Not long ago come sam
pies of copper ore carrying silver and
gold We're found in the Park range.
which forms the western boundary of
the county and is separated from the
Williams river range by the Grand
river. Good copper has been found in
the Williams River Mountains. and
a party has been organized in this city
to make Il thorough investigation of the
Park range. Residents of Middle Park
are confident that the mountains OH
the west are heavily mineralized,
many rich specimens having been
brought from there and the party now
forming proposes to spend most of the
summer in demonstrating the mineral
conditions or that territory.
1t is announced by the management
of the Modoc Mining Company of
Cripple Creek that it will sink a new
double compartment shaft on the
Ocean View claim. The shaft will be
sunk 800 feet at first and will be one
of the largest of its kind in the camp.
Later ii will he sunk to the 1,OOO-foot
level. II is also the intention of the
company to erect Il new plant of ma
chinery to cost in the neighborhood of
$4,000. This plant with the contem-
plated shaft. will cost about $4,000.
1t is stated that efforts are being made
to purchase the property of this com
pany. but the directors do not propose
to sell it at the price offered. The
Calumet and llecla Company of Bos-
ton has been the most insistcnt The
price asked by the directors Is 5000. 900.
1t is well known that the Modoc vein
is one of the richest on Battle noun
tain, and runs through the whole
length of the companys property. The
Ocean View claim was recently pur-
chased for $1,000. and within n few
days after the purchase the new hold
ers were offered $4,000. II was known
at the time that the Modoc vein pene-
trated this claim and hence the man
agcment was wise in securing 1t.