Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1903-10-08
IN GOLD GULCH.
STRONG MINING COMPANY FORM.
ED FOR PURPOSE or oPERAT.
ING IN THE NEW DISTRICT.
A Million In lt-El Paso Men Inter
est Themselves in the Booming
Camp.

A corporation known as the ST.
Louis-Gold Gulcn Mining company
was organized in Silver City last
week to operate in the Gold Gulch
camp, says the Silver City Independ-
ent. The articles have been com
pleted and forwarded to the territorial
secretary at Santa Fe for fling. The
names OF the directors who will serve
Tor the first three months are. nj. NJ.
Portertield, Captain IL. M, Powell,
Theodore Nv. Carter and Henry K. Dill
Ion of Silver City, and Charles L.
GatzWeiler OF st. Louis. Mo. The Off
GERS will be: Theodore w. Carter.
president, CaptainH. NJ. Powell, vice
president; H. L. Dillon, secretary, and
NJ. w. Porterfield, treasurer. lThe
capitalization OF the company is ST..
900, 000, the par value OF the shares
being ST. The st. Louis-Gold Gulch
company has secured the option held
by George a. Easton and ID. G.. Glib
son on the property owned by the San
Jose Concentrating company, and the
purchase will be completed at once.
This includes the Dutch Uncle, the
Lucky Bill or Carbonate claims, a
mill site and the mill plant. The prop
erty is among the very best in the
new camp. The Lucky Bill or Car
Donate lies to the north of and adj
joins the now famous Owl claim.
Since the recent rich strikes, the
Lucky Bill has been quite extensively
developed by Easton & Gibson and
~leasers under them, and high grade
ore has been found in such quantities
as to make its value almost a certain
lty. The Dutch Uncle Is the south ex-
tension OF the Owl, and the showing
on it is of the same character as on
the Lucky Bill. The plant will be used
to handle the lower grade ores from
the camp. 1t is the intention of the
new company to get into working or
der at once. Quite a deal of stock
has been subscribed for by local in
vestors, and with the proceeds thus
obtained development will be pushed
as rapidly as possible. The Lucky
Bill and Dutch Uncle claims take in
1900 feet of the contact vein upon
each end Of the Owl, or 5000 feet
in all upon the vein, and adjoin the
Bonanza on either end as It has been
developed. This location and the add
ed fact that the same class of ore
has been found on both claims as on
the Owl makes the property of the
company especially valuable. All of
the officers are well-known business
men of Grant county whose connection
with the enterprise is a guarantee Of
honest dealings.
Saturdays issue of the Ell Paso
Times contained the following: I. b.
Stone OF the international Mining and
Investment company of FL Paso has
purchased an option on a prospect in
the Gold Gulch region in Grant coun-
ty, N. M. At the time the prospect
was purchased by Mr.. Stone the shaft
was filled with water, but the ore
found in the dump was assayed and
found to run from 1852 to $2,755.20
per ton. The ore beneath the surface
has not yet been touched, but some
time during the coming week, Mr..
Stone said, a carload will be shipped
to the smelter here. This Pactolus
claim, which has proven Of such rich
value, was purchased by a syndicate
of FL Paso capitalists. The company
was formed about three weeks ago.
Fine specimens have been brought in
from the strike before, but this result
given by Mr.. Stone Is the richest yet
recorded. One member of the com.
pany recently formed to exploit the
claim. said that he would not take
100000 for his interest.