Evening star., 1902-01-04

the two great mines above mentioned, which would
give market price OF 500 OR MORE PER
SHARE
The famous 'DrumlummOn'' mine. near Helena
Mont. has produced about SIS, 900 900 In gold and
silver during the is years OF fits operation ana
MORE PROFIT is now being made by the cyanide
treatment OF the waste tailings than was made
from the ore of the mine
This latter instance has special bearing here
from the fact that the De Lamar Mercur mines
were the first to Introduce the cyanide process
upon large scale, only few years ago. and to-
day have the largest eyaniding mill. in the world
The properties and equipment OF the Consolidated
Company are notable that they were made the
subject Of two special articles in the Engineering
and Mining Journal of New York some mouths ago,
the paper giving in two consecutive issues a page
to the history OF the properties and q page TO a
technical description Of the methods by which
Capt DE Lamar has been enabled TO produce Ina
mense profits from thst was Of small value
otherwise.
In February, 1901. an official report was made
on these mines by the engineer Of Utah, MIR.
Robert c. GemmeH. in which be itemizes
serves In sight In these mines January l. 1901, the
total being 81 III 800 which he values at s. 324-
600 net. In addition TO these, he estimates that
$4,000 net can be secured by the present process
from taflngs from the old Mercur mill Man
ning these tailings being considered as refuse
under the former methods. With these items.
and the value Of surface improvements. $9O0,oJ1.
he computes the total VISIBLE VALUE Of the
Consolidated Company's properties s3.524.o00.
His significant note 10 this statement rs, THIS
DOES NOT INCLUDE FUTURE PRoBABIII-
TIES
Later In his report he estimates these prol,sbill-
ties as 100000 tons (equallng s.. 600 900 net
profit. aud says: Large bodies OF pay
now In sight between them: there is EVERY
PROBABILITY OF DEVELOPING FULLY. As
MUCH MORE ORE; outside OF them m the uH-
prespected three-auarters Of the belonging 10
| the company there is possibility Of developing
other large bodies OF ore
Mr.. Gemmell thus gives the company VISIBLE
VALUES Of S3,524eee, PROBABILITIES Of s..
oo0,0Oo; total So. re4.0oO from less than
quarter Of the comIanys properties leaving
THREE-QUARTERS STILL To BE PRosPEdT TED
AND DEVELOPED.
The enterprise CANNOT yield less than IL HAS
yielded and Is yieldlng-but II may, and in ali
probability WILL yield a much lager Increment
of profit ~ -'a-s. r-l s.iE ..as
We offer for n brief period, subject TO previous
subscription. 5000 shares OF the fnii-paid aud
non -assessable stock of the CONSOLIDATED MER-
CUR GOLD MINES COMPANY. at the extremsly
low figure OF So 75 per tpar value. $500. but
reserve the right 10 decline reduce subscriptions
IL received after the number above offered shall
have been fully subscribed.
Copy Of Mr. GelnmelI's report above noted and
Of the Engineering and Mining Journals review.
may be obtained. with such additional informatios
as may be desired. on application either In per
son OF by mail ateour Offices as below
Make all cheeks and drafts payable 10 the ordes
Of WELLS, FARGO q co.'s BANK. or to
MOORE, HALL & CO.,
Real Estate Trust Baildine.
Philadelphia, Pa.
ii Brondwas New Yea n