The Butte inter mountain. [volume] (Butte, Mont.) 1901-1912, 1901-08-20
INTEREST IN A LARGE GR0up
OF Claims in Powell County Chsn ,es
Hands-Mill May Be
Buiit

Joseph Minchn, of Boston acting far
a syndicate of New England capitai-
ISIS mas just closed up deal whereby
.he svndicate has acquired large IN
.erest IN the Ptarmigan group of mines
IN PoWell county, owned by Thomas
Cconey and Others says the Record
Negotiations for the sale of the mines
nave been in progress for some time
through c. j. Fulton, of Helena, who is
the owner of one of the principal mines
of the group.
me sale is one of unusual importa rec
to the Ptarmigan district, inasmuch as
IL brings together under one CONSOLE
dated ownership a large number of
producing mines, and through the con-
template additional extensive deva]-
opment an equipment, much will be
accomplished by the new owners that
would not result from individual own
ership.
The property comprises fifteen mines.
some OF which are well developed and
from which shipments OF high grade
gold ore have been made to the value
of 100000. The price wnlch was paio
by Mr.. Ninchin has not been divulged
An unfounded item a few months ago
read that the property had been sold
for $250,O00, which was denied by Mr..
Cooney. and which was untrue, as no
sale had been made at that time Mr.
Cooney, until recently representative
of the Northern Pacific land depart
nent for Montana, Washington and
IDAHO has been successfully opera ting
portion of the property for two years.
Mr. Minchin arrived in Helena Mon.
day from Boston. and in company with
Charles w. and John Futon went to
the mines where Mr. Minchen made an
examination hn Tho
party returned to Helena Friday, when
the deal was closed. Mr.. Minchn viii
return to Boston on business and e,t-
poets to return to Helena in a sohrt
time.
The mines are situated near the Zig
Blackfoot river, the mill on the prop
erty being a few hundred yards from
the banks of the stream near which
are also the living houses, stab .es and
blacksmith shop.
Development of the entire group; win
be prosecuted this fall and winter by,
tunnel driven on the main vein at a
point admitting a depth of 1000 feet
on the ore bodies. The Blue Grouse,
one of the mines of the group, is sit
uated near the top of hill. fandg has,
a long tunnel in high grade ore. aalarge
amount of which has been sacked,
hauled fifty miles to the railroad. and
shipped to the smelter.
The mountain on which a number OF
the claims are located is said to be
vast body of ore and to ne ABOUT as
high as Mount Helena. The point
where the tunnel will be driven this fall
is near the foot of the hill.
large milling plant will subse-
quently be erected for the treatment of
the ore from the property by ANAL
gamation, fine concentration and cy-
aniding.
The new company proposes to de-
ve,op water power from the Big Black
foot river through two miles Of ditch,
| by which sufficient fall will be gained
| to give 145 horse power at the mill
| Ample power will be available for the
| introduction of electrical machinery
| both throughout the mill and at the
| mine for lighting, operating power drills
| and electric haulage.
| The ore vein on this property mas
| been opened for nearly mile ON Its
! strike or length, and is from three to six
| feet wide. The milling ore values are
| said to run from SIS to $50 tom. and
| the shipping or eabout 800 ton. The
| values are principally in gold. In the
| opinion of mining engineers who shave
| examined the property it is constnered
| as having great future.