The Sumpter miner. [volume] (Sumpter, Or.) 1899-1905, 1902-07-23
ONE DOLLAR
ORE PROFITABLE
Alaska Company Revolutioniz-
ing Modern Mining
Methods.

WVi' lIIlIllIlg
the statement some months ago that tn,
annual reports OF the Alaska.Trcadwcl
company, operating on Douglas island
Alaska, constitute an admirable tex
book upon modcrn mining. They show
steady dividends on the one hand
steady improvement in the methods al
handling low grade ores on the other
Both results are important, and whrr,
the improvement exists the dividend.
are almost certain to follow, NJ the low
grade gold vein is usually generous ~ :,
size and permanent in the item of depth
The Alaska.Trcadwcll Gold Mining
company in n Boston corporation. u il
capitalized at q, ,OOO, 900, the par value
Of the shares being go each. In .Danu-
ary last i, opened 1902 by declaring u
dividend oi t75, 900, and the total paid Ia
that time was ~, ,so5 900. In his annual
report the manager shows that the inn
proved m.thods in mining and milling
the average cost per ton, Tor both
thes. items, from an average Of ti.lO-
the record heretofore on ores not al,so-
lutcly free milling-to ~ cents per ton,
the new challenge figure. The company
owns and operates $50 stamps, which
are fed from u mountain III ore. AZ the
ore averages less than ~ per ton. the
new process means not only u cut of
nearly one half on the expense of mine
and mill operation, but IL brings within
the field of profitable reduction II vast
amount II quartz whicl, under former
conditions would be- classcd M barren
and worthless.
In its comments On the astonishing
result above set forth, the san Fran.
cisco Chronicle predicts that the Alaska.
Trcadwrll method will make ores worth
one dollar per ton-iire assay, oi course
profitable Ia work, aud in the case oi
tho Trcadwcll mine the one dollar stand
ard will add millions oi tons oi available
quartz in sight Ia the corporations
stock.
No one save n practical miner can fully
comprehend the Significance ii II profit
In one dollar ore. II the new Trcadweli
process can 1 applied in California, Col
ora,lO, south Dakota aud New Mexico,
and II probably can, II will bring into
the field oi active operation an indefinite
volum. ii vold'sarins quartz which
nov affords M profit whatever In Col
Orado AMI the Black Hills the cost oi
mining aud treating gold ore has been
reduced from on @r ton in the 1870
periol-cxtrnding for almost ten years
to about five dollars ut present, with
even lower figure where the ore IL of
huxins nature or will yield ninety per
cent oi i,s values to cyanide treatment.
On the great mother lode in California
--onc oi the largest low grade bodies in
the world-the cost of mining aud mill
ing has h~n cut down from about nine
dollars per ton twenty-five years ago to
t2,23 at present, aud nov four dollar ore
is worked at n profit, hut there IL, says
the san Francisco Chronicle, "a vast re-
serve in the vein. carrying from ~ to o.
per ton. which nobody can afford to +,
touch with y &2,25 process, all oi which
will yield bis prof, Tor working il the
new process oi the Trcadwcll mine can
bc applied to il, Gold quartz mining
has reached n wonderfully fine point
when the cost oi winning the precious
metal from it, matrix is reduced to lis