The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-05-27

rights for $50, and later the Mikado Gold
Mining company, an English syndicate,
| paid $5,OGO for the property. In the two
| years and half the mine has been iii
| active operation 1t has paid every dollar
| invested, including the cost of the twenty
stamp mill now in operation, the pur-
| chase price OF the land and the other
| mary improvements of the property. The
Mikado property consists of about 300
| acres and is traVerSed by a vein of ore
| paying over the plates from SO to $12
| ton, while is per cent more of the gold
| product is saved by the cyanide process
! to which the "tailings' are subjected.
! AS a comparison showing the extent Of
the HomcstalIe vein, the vein on the Mi
kado property, where the shaft now be-
! ing operated is sunk, is but two and a
half feet wide, while the narrowest part
of the Homestake vein is fifty feet.
AT THE MIKADO.
The operations at the Mikado mine have
carried the shaft to a depth of 800 feet
and drifting has been commenced at this
level. AS the depth increases the vein
WidenS and the average bearings of the
ore taken from the drifts equals that in
the main shaft The stamp mill works
night and day, thirty days every month
! allowing one day for the ''clean up" it
! Is twentystamp mill and-handles forty
mine is at present paying a net profit of
| $500 a month, or 500 600 a year. Rea,iz.
ing that the company is a close corpora,
ton, capitalized at only $3.50 900, the value
of stock In this company is readily APP
preciable. The stock is at par at one
| pound sterling, while the present market
value of the stock, when any can be had
| IS three pounds. The cost Of mining ana
milling the Mikado ore is about 50 per
ton leaving a clear profit of from 81 to So
! per ton.
In the visit to the Sultana mining camp,
| a trip enjoyed by the party through the
| courtesy Of the Rat Portage board Of
! trade, ample opportunity was given for
! examination of the most completely, mod
! ernly equipped mining property OF this
! district. The Sultana mine was the first
mire cXhaustively operated on the Lake
of the Woods and has proven bonanza
| The property is on the lake shore, seven
miles southeast of Rat Portage. It was
originally the property of Holm F. Cald-
! we'll, who, in the face of many discour
! agcments, alone developed the miHe a in
tervals extending over four years, when
| the richness of the mine was so salts
factorily demonstrated that an English
syndicate paid Mr. Caldwell the splendid
| price of 81 100000 for the property and al
| lowed him a twentieth interest in the
mine The Sultana vein has showed
gold bearing rate of SIS a ton. The cost
! of mining and milling is but $3.50 per ton
so the immense and constant profits are
at once seen to be unusually large The
shaft of this mine is now down 500 feet,
and innumerable drifts find the ore uni
! formly rich in all directions. thirty
stamp mill is grinding out the precious
| gold thirty days out of every month and
preparations are being made TO increase
the capacity Of the output by installing
a 1Q0-stamp mill.
ST. PAUL MEN IN IT.
Another property promising phenomenal
results is the Tri9gs mine, controlled by
| a company Of which F. d. Sargent, of this
city, is the president. This mine is twen>
ty-five miles east Of Rat Portage and com,
! priscs about 500 acres, rich throughout
! with gold bearing ore. AS yet only de.
veloping has been done on the property,
but everything is now in readiness for
| the erection of stamp mill which will
be soon put in operation. The shaft is
down 125 feet and much surplus ore is
ready for the mill. As test CT the
Triggs ore mill run of eighty-five tons
! of ore was recently made that gave gold
! bullion valued at $2142.
Among the other promising mines Of
this district are the Bullion and Golden
| Star properties The Bullion mine adj
joins the Mikado property and contains
| the continuation of the MikaGo vein.
| Development has progressed to a salts.
| factory degree. but has recently been
| stopped The Golden Star mine has given
forth scme remarkably valuable ore and
has been reported by an official COM
mittee to the Toronto committee on mines
as a particularly valuable property
The above mines, and many others
where scarcely any developing has been
| done because of lack of means. are inn
mediately in the lake district, being To-
| Gated either on islands or the shores,
! but so extensive is the zone embrac ,ng
| the rich minerals that equally rich gold
| bearing mines are found in almost every
! direction inland. Nine miles east of Rat
| Portage is the Champion mine, which APP.
pears to be one of the best properties in
| the section, and close by lies the Scramble
mine another rich gold bearing property.
| The Champion mine is now in the hands
| Of a company controlled by Rat Portage
and Montreal capitalists. The Shaft has
been sunk to d depth of 135 feet, and a
| test run shows values amounting to so
a ton. The mine is favorably situated,
being only mile from the Canadian Pa
cific railroad, while only short distance
away, at level seventy feet above tbs
mine, is large lake, from which an am
| pie water supply can be easily secured.
| The Champion mine has passed through
| the hands of several companies that il
each case, abandoned the work of deVel-
| oping the property because of insufficient
means, and for this reason came to be
known as the Bad Nine" but, under
the management of the present company
operating the property, bids fair to be-
| come one of the richest gold producers
: in the Lake Of the Woods country, Only