The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-01-15
SOUTH DAKOTA i
A SECOND BIG DEAL
Men of Colorado, Utah and Other
Western States Exploit Black "
Hills Properties. :
Most Important Transaction Since
the Reorganization Of the
-. Horseshoe Company. :.
Special TO The journal.

Special TO The journal. -" -
Deadwcod, S. D., Jan. 15.-The deal
pending on the Dakota Mining company's
mineral territory, franchise, mill and other
improvements is expected to ODE closed
before Feb. Is. This will be one Of the:
most important deals for developed prop
erty made in the Hills in recent years.. in
fact, it ranks next to the deal involving
the reorganization of the Horseshoe
year ago. In addition to the Dakota prop
erty, embracing over 300 acres OF patented
land, with a 1OO-ton cyanide mill, it takes
in several hundred acres Of adjacent ter
ritory, and will give the purchasers an
enormous estate in the heart Of the silic-
eous ore regions
Colorado, Utah and other western cap
ital is purchasing these mines. F.. W.
Bradley Of San Francisco, president of
the Bunker Hill & Sullivan Mining and
Concentrating company Of Wardner, Ida.
no, is one Of the purchasers, and has been
in the Hills looking over the properties
and verifying the reports of experts. This
is the third examina ton to be made.
The South Dakota company was one Of
the first In the Black Hills to adopt wet
crushing measures, and the mill Is at
Deadwood. The record of the mill for the
last few months shows that the average
of ore treated was SAIL a ton, and the
net profit derived was Sis ton, not
withstanding the. long haul and. the fact
that no rate concessions were granted by
the railroads until within the last few
weeks. r.: 49,
LEAD, S. D.-The Orc Hondo Mining
company is getting ore in the bottom Of
the shaft that assays as high as $50 a ton.
The shaft is nearly 200 feet deep, and has
been in ore almost from the very grass
roots. The present ore body is the same
that the company has been following all
along, and is getting perceptibly richer
! and of more uniform grade. It Is "a free
| milling QUARTZ and samples broken UP
| with an ordinary hammer and roughly
| PANIED in shovel show free gold. in pro-
| fusion. -"
The recent discovery is attracting much
attention. The manager, George M. Nix
is considering the advisability Of cross
cutting the vein at 800 feet. The Orc
Hondo is one Of the strongest Of the com.
panies to be launched in the Hills during
the last year. 1t owns over 1000 acres o.
mineral land lying next to the Homestake
on the south, over half Of which is pat
| ented, and the remainder in process o.
patenting. Governor James B. Ormun o.
Colorado is president; George M. Nix
Lead, vice president and manager; Georg.
D. Begole, Denver, secretary; and Rober
H. Driscoll, cashier of the First Nationa
| Bank of Lead, treasurer. =, o.. =
The triple compartment shaft of tn
Columbus Consolidated Gold Mining com
pany is about 800 feet deep. The or
! continues strong, and the values rang
from five to seven dollars a ton: At So
feet a crosscut will be driven on tn
vein; to determine it's width and genera
tendency, and meantime the sinking o
the shaft will continue. The shaft wa
200 feet deep when the present compan
took possession, since which it has bee
enlarged from two to three compartment
and the hosting machinery has bee
added to until it is now thoroughly mod
ern, with power double drum hoist, al
compressor and pumps. A crosscut O
the 2oo-foot level shows a width of or
greater than eighty feet :,