Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1900-05-15
To START
ON BUZZ SAW
& GREENOUGH ACQUIRE
THE MINING PROPERTY
NEAR LIBBY.
MINE IS A GOOD ONE AND
Is EXTENSIVELY DEVELOPED
Deal Giving Working Bond is Under
stood to Be On a Basis Of 100000
With Two Years to Pay.

Libby News: w. A. Hills returned on
Monday from Missoula and Thompson
Fails where he has been for the past
week on business connected with the
Buzz Saw mine. He brings back with
him the good news that a deal has been
made with Messrs. Larson & Greenough
through which they assume control Of
the property under the operation of a
working bond and work is to commence
on the property on or before the LIST Of
June. The papers in the case were sign
ed in Missoula just prior to Mr.. Hills
departure for Libby. This is the best
piece of Information which The News
has been able to give it's readers for some
time and this fact will be a cause for
congratulation by every resident of the
district.
While no information is given out as
to the terms of the e it is generally
understood to be on a basis Of $1OO, 900
and MesSrs. Larson & Greenough have
two years in which to pay for the prop
erty. In turn the holders of the bond
nave obligated themselves to perform
2 certain mount Of development work
during that time, and what thai work
Will consist of is not as yet definitely
known. 1t is supposed to be the inten-
ton to at once make arrangements to
sink on the ledge from a point where it
IS crosscut by the lower tunnel and at
the same time extend the north drift fur
ther into the mountain and tap the rich
pay chute which has been opened up in
some of the upper workings. 1t is also
supposed to be the intention to soon put
IN machine drills, an air compressor,
moist. pump and other necessary machin-
cry for the successful and economical
working of the property.
While 1t is generally known hi the
consideration for the property under the
deal with the United States & British
Mining company was $7O,O 900,
during the time that operated
the property improvements amounting
to approximately $40, 900 were made and
these have reverted to the original own
ers under the terms of that deal. These
improvements consist of a f1ume three
n a half miles long which is 2kx3 feet
and which cost SIT 900, a nine-mile wagon
road from Libby to the mine which is one
or the finest mountain roads in the Rock
les. being nearly all on a uniform four
per cent grade and which cost IS, 900. the
concentration building. bunk houses,
stables. office and other buildings which
Will approximately figure up SIS, 900.
Ihe water power is derived from
Granite creek and is open all the wear
around and is one of the finest found in
any camp. There is an abundance of it
for a plant many times as large as the
one erected last summer, which had a
capacity of $50 tons a day and this gives
~ pioPeIly III duulllOnal Vaule which
is rarely found in connection with a mine
at SO small a cost. There is an abund-
ance of timber Oh the ground for mining
n other purposes and the property is
put nine miles from the Great Northern
railroad.
The Buzz Saw mine is a silyer-lead
proposition. carrying good values in gold,
me ore VIII concentrate about 10 to
one and the value of the concentrates
Will vary from 500 to $40 per ton. The
mine is developed by seven crosscu+
tunnels each tapping the vein and at
different places drifts have been run. ag-
sregat1ng in al! about $500 feet of work.