Idaho Springs siftings., 1902-12-13

: Gold Dust and Lilly properties
!. which are being operated by the !.
:. Fall River Mining and Milling !;
: Company. Veins which have an :
! average width of three feet for the :
!. entire distance, and carrying values !:
Z ranging from SI6 to $3.50 to the !.
: ton. Certainly, it is good record. !.
:. :: = !. !. = -
For the last two weeks the report has
been in circulation that enormous bodies
of ore had been opened up in the proper
ties of the Fall River Mining and Milling
company, on Shafter mountain.
These reports came from different
sources and it was impossible to fully
determine and substantiate them owing
to the fact no one was allowed to visit
the workings The manager, Samuel
Fulkersin, was awaiting the arrival of
C. NJ. Berry, of Denver, the secretary
and treasurer OF the company.
On two or three occasions a Siftings
representative had endeavored to induce
Mr.. Fulkersin to show him over the
property, but not until Tuesday of this
week was his request granted.
In the meantime Mr.. Berry arrived in
the city, and again upon request, the
writer was permitted to accompany the
party on its inspection of the workings
of the Gold Dust, Lilly and Golden Edith
properties.
While on numerous occasions some fine
r L. IL. Il
city, and we have examined the same,
the thought was never foremost that there
was any great quantity of ore in the
workings. 1t would be surprise to al
most any mining man, were he to make
an examination of the tunnel. In it he
is sure to see ore in quantities large
enough to warrant a steady income.
For distance of 22I feet there is an
ore body which will carry an average
width of three feet, and the returns run
anywhere from $40 to $3.50 to the ton,
Just what the average value is would be
hard to determine, as no test has been
made from assorted ore. However, a
well known expert stated, that in his
opinion, 1t was sure to average better
than $40. The ore is highly mineralized
and throughout the entire distance of the
tunnel, it is streaked heavily with black
and yellow copper.
No stoping has been done at all, the
ore being left hanging to the wall. The
reason for this is that the operators are
desirous of pushing the bore ahead until
they are satisfied that enough mineral
has been exposed that will warrant the
two properties in becoming heavy and
regular producers.
And right here is where the manage
ment is showing good business judgment
/ Mr. Fulkersin states that he has informed
the stockholders that it is great deal
better to expend the development capital
now in placing the proposition in posi-
ton where there will be no occasion in
again asking for finances to push the
work. In this, Mr.. Berry, who is min
ing expert, fully concurs. Both gentle
men agree that a mine should be handled
in this manner. For this reason the tun-
nels are being driven ahead, and in the
course of two or three months enough
ore will have been blocked out to insure
heavy tonnage for period of at least
two years.
Then the men who have had faith in the
proposition are certain of reaping just
reward. Dividends will be coming as the
months pass by.
The Fall River Mining and Milling
company is a close corporation and is
controlled and owned by Ohio capital
lists. They have secured possession of
three properties on Shafter mountain,
known as the Gold Dust, Lilly and Col
den Edith, and from grass roots the en-
tire trio have shown they are exceedingly
rich in the precious metals.
In years gone by the Gold Dirt has
produced a considerable sum, as is evil
denced by the fact that shaft was sunk