Gilpin observer., 1903-01-01

The purchases OF gold by the Rocky
Mountain and First National banks and
the estimate made of Burlingames pur-
chases show a total of s500000. These
purchases are made from the stamp
mills and from placer miners, and should
be figured Independent Of all outside
shipments. The several purchases were
as follows.
GOLD SHIPMENTS.
Rocky Mountain Bank 500 900
First National Bank. ACKNOWLEDGEMENT 16j 90
God purchased by 4. K. Buriingame les-
tlmntel ------ -------------- 1UD coo
Total 5,5 90
Taking into consideration the above
totals we have figured the production of
the county as conservatively as possible.
Owing to the large amount OF low grade
ore sent to Golden for treatment we have
this year made our estimate of the
average paid for the ore of the county at
S34. This figure is considered by the
mining men of the county to be fair
estimate, and one that will not make an
inflated production for the county.
Heretofore the estimate has been made
on value of s45 per ton, but we are
sure that this year year that alue is too
high, heretofore we have made it to con-
form with the ideas of the smelter men.
The 104, $50 tons OF ore shipped to the
valley is estimate to be of a value of 3d.
444, $40. The bank shipments will
amount to s465.OOO, and Burlingam's
purchases $4,000, making grand total
Of "a, ,009.5i0. In tabuluted form it Is:
10l3sO tons of ore shipped outside, at
Bank shipments '.s,.Sc1
Burlingamc purchases, testimatel 10000
Total Observation-Disclosures 4oo9,5 $40
In looking over the several districts OF
the county we find that there is great
activity displayed and that the incoming
year will prove to be even more prosper
Gus than ever before. North OF Central
the advent OF the new Moffatt railroad
through Rolinsville has made an i'm
petus to mining in that section that can
hardly be realized. Everywhere can be
seen prespectors who are taking up
claims, or miners who are developing
their prospects with the hope that their
ore can be very proftably handled by
the new road. At present they are com
PEELED to pay for the hauling of their
ores to Black Hawk at rate OF from 81
to $40 per ton, aud then the cost of haul.
ing to the smelters. With the advent of
the new railroad ore can be shipped to
the smelters as cheap as the mines near
Central can, This district which is about
six miles square, comprises the mining
camps of Perigo, Gilpiu, Iip-Top, Wide
Awake, Gamble, Moon ana Mammoth
gulches, on the south side, and on the
north, Eldors, Nederland, Caribou and
Phoenix districts. The ground has hard
ly been scratched as yet in this section,
and there are but few mines of any
depth whatever. This section within
the next year is bound to prove the rich
est in Gilpin county, and will add ma
terially to it's production in the future
At the Perigo mine there have been
about 100 men working throughout the
year and they have been taking out some
very rich ore, as also large amount of
medium grade ore. The ore is treated
at the company's mill close at hand. The
property is owned by Messrs. Ligbtbouru
IL Co. of this city. Across the hill from
this property is the Gold Dirt mine which
has been receiving a large amount OF de-
velopment the past year, under the man
agement Of w. Ii. Knowles. At the
Penobscot mine the company has been
sinking and extending levels and they
have here very fine property, which
within another year will be one of the
large shippers Of the district. Besides
these there are hundreds OF other prop
critics which have been worked the en-
tire year and others which ARE just be-
ing put in shape for developments. There
is no district in Colorado with the posi-
bilities before it that this section has
when tho row rnilrond is Ia operation.
That tLe railroad peoil lie realize this is