Gilpin observer. (Central City, Colo.) 1897-1921, 1902-08-28
THE pENoBsoor GROUP.

THE PENOBsCOT GROUP.
Last Friday while visiting the north
'ern portion Of the county we had the
pleasure Of meeting Mr.. p. ] HANDLE of
the Penobscot Mining and Milling Com
pany, and upon his invitation visited the
property Of that company which lies on
Perigo mountain in Independent district.
This company has been operating this
group of claims for couple of years,
working along quietly but doing good
systematic development work. They
have six lode claims, the Drumlummons,
Harlacher, Myrtle Belle, HANDLE, Dewey
and the Penobscot which is patented.
Also a placer claim OF 20 acres in South
Moon gulch, making a total acreage OF
the company's claims OF 46 acres. The
claims are situate in the very heart Jof
that rich section Of the gold belt and the
veins are parallel with and just across
Gamble gulch from the famous Gold
Dirt mine which has produced some mil
lion and half dollars Of gold, and by a
great many it is claimed to be. and is to
all appearances, that the Penobscot is
the correct extension OF the Gold Dirt
vein, one fact being assured and that is
the ore found in the Penobscot shaft is
of the same character as that in the Gold
Dirt. The veins run in a southwesterly
and northeasterly course. The company
is working principally on the Penobscot
vein on which they have shaft down
100 feet and are at the present time sink
ing with two shifts of miners. They
have passed through ore nearly the en-
tire depth, the crevice being from to 8
feet in width in places. The value Of
the ore ranging from s12 to $40 per ton.
and assays have been had AZ high as $3.50
per ton. At depth Of 100 feet levels
have been run, both being in ore their
entire length, the crevice being wider in
the bottom than at the top, indicating
that the vein is opening up with depth.
This has proven true a. depth is gained,
as at present in the bottom of the shaft
there is big crevice and fully four feet
OF ore which assays $3.50 to the ton,
and which also shows that the values are
getting better as depth is gained. The
mill dirt runs about 2ls ounces to the
cord. To all appearances they are just
on top OF a good ore body and will con-
tinue sinking to depth Of 3C0 feet. On
surface they have a small holster, which
next month will be replaced by one cap
able Of hoisting 500 feet. They have a
good boiler and blacksmith shop, all en-
closed by shaft house 26x42. On the
dump they must have 7C0 tons OF mill
DIRT which from the manner in which it
pans will run two ounces to the cord. A
large amount OF fine timber is on their
claims, thus assuring no expenditure for
timbers for underground or fuel. A new
road is being built from the mine to
Gamble gulch, will greatly facilitate the
securing of supplies and the hauling OF
the ore.
At the foot OF Perigo mountain is Gam
bic gulch where tunnel could be driven
in that mountain which would cut the
entire group OF veins. A mill then built
at the mouth of the tunnel would facil-
itate the handling OF the ore so that it
could be trnmmed from the workings to
the mill at the minimum cost. Within
the next eighteen months tho new Den.
yer Il Northwestern railroad will build
up Gamble gulch and across the east end
OF the Penobscot claims, on its way to
Central City, and the Penobscot group
will DO connected direct with the smelt.
ere, thus giving an opportunity OF ship
ping at very small cost.
Tho mine 10 looked after by Mr.. Ham
BILE who has shown himself to be a care.
full and conservative manager, and who is
working the mine in a systematic man
ner and on business principles. Tho OIL.
GERS and directors are well-to-do gentle
men, principally from Valley Falls, Kan.
We must say from all appearances we
know Of no better prospect in Gilpin
county, and 1t will surely prove a good
dividend paying property, needing only
development work TO make II such.