Gunnison news-champion., 1903-09-18
+ MINES AND MINING =
A Sssoos CaueAny.

I A A & AA AfitAh -
aisee t'hi9 tny Elses pr iaui-e 1t
accomplishing nHch fir rhe miuin0
Z Interests 9f thai ssctiu Asu1uoei
n fhc NFW--CHKNrfaN Ll-f week
Ineu arr al wlrk oleaniag sp Tor tl,e
'nsiallIHeu' 81 heayy plant 81 ma
chluery
The caupauy b. 0ihcered by Ma
Mahor. president las n Peabody.
t'oeernor 1f Colorado. viec- president.
IC " Talb1t. treasurer. Ira Garner
secretary. aHd B.. NJ Lamont gen
eral manager.
II owns $40 acres under bond and
lease the principal claim. being the
Raymond G1ldsmith. Midnight and
Monte Carlo. All Of these were pro-
dueers IN early days. but as was the
experience IN many other sections af
Haupisan county, at Ban feet water
drove 7m the pr1spcat1r aud small
capitalist and they have lain idle
A. with the famous Akron tunnel al
White Pine the company propnse 90
run drainage tunnel to tap the ore
al considerable depth. The opening
Of tunnel on Ohio creek which
has already been run several hun
dred ieet will be utilized Bv going
hive hundred feet further it will cut
the Goldsmith vein. twenty-five
hundred feet will cut all four hs
sure veins known 10 exist ON ground
81 the company and may be extended
10 work still other properties Great
depth viii be gained as the slope Of
the hill Is about 3Oeo.
The Pitkin Miner saws of the en-
terprise:
There is little, if any, of a specu-
latlve nature in this venture. II is
10 dram and cut at depth old pro
ducing veins in which water alone
caused suspension, and in the 800
feet Of surface workings enough con
centratlng ore Of good grade still re
mains to justify the venture. OF
course, II requires large capital To
reach the results, but in it capital
can see a good return on the invest
ment
Ohio cre,-k is a stream atfording
an abundance of water for power and
mill purposes, Offering cheap treat
rnent for mill ores. The surrpund-
ing country is thickly timbered with
full growth spruce and pine II is
bat three and one-haif miles ON
water grade 10 the railroad, with
cheap railroad facilities to Denver
and other smelling points. Fuel, in
the nature of either coal or wood. is
as cheap as any camp in the state,
while supplies Of all Kinds are reas-
enable.
All the veins dip heavily toward
the opening Of the, tunnel
Had it not been for the opening
up and extensive advertising Of the
Cripple Greek district, diver1ing all
capital to that quarter, the Pitkn
gold belt would long since have
been drained and by now would
have been one Of the leading gold
producing camps Of the state. Down
To water level the gold belt has had
some famous producers Of high grade
gold ore Beyond this point we
know nothing beyond the fact that
where mining was compelled To
cease the ore was richer and I'm
greater bulk, and a character Of ore
much sought by the .melters. con
tanning gold, silver, Head and iron.
Many drainage projects have been
mooted but from one cause or an
other never materalized. the priuci-
pal reason being failure To secure
territory upon reasonable terms.
Capital has habit Of trying to see
its way out Of a thing before going
into it, and a good thing for all Is
often blocked by the rapacity of the
individual.
In sinking on contract work in