Omaha daily bee., 1903-05-04
IN The BLACK HILLS
Purchase of the Realization Group by
Psnobscot is Completed
HIDDEN FORTUNES MILL is READY
w. n. Dickinson IL Negotiating n Deal
for Transfer of wasp No. 1
Group, said 20 BE n First
Class

day. when the Penobscot Mining company
made the last payment on the Realization
group OF mines. which adjoins its property
on the north and west. The ground had
been held and prospected for years by
Ernest May, Emil Faust and Henry NJ.
johnson OF Lead, who had spent a great
deal Of money upon its development, and
had at the time It was bonded by the
Penobscot company last winter, exposed In
the various workings some Of the largest
shoots Of s~ilicious ore in the Hills, ana
had shipped and treated much OF IT to a
profit. The price asked for the ground
was 300 0O, 500. 900 Of which was paid
when the company took an option on It
The balance of the purchase price, $4,000
was paid over to the former owners on
Thursday last. Included in the RealiSa.
tion group are thirty-seven claims. or about
$40 acres, the acquisition of which now
makes the Penobscot the largest holder OF
mining ground in the district. The Penob.
scot company. by the purchase Of the Real
ization ground has acquired one Of the best
pieces OF ground in the Black Hills, for the
same large shoots which exists In the
Penobscot continue into the ground OF thu
Realization. The Penobscot mill Is run.
ming every day, treating 100 tons OF high
grade silicious ore, and besides this the
company Is making daily shipments OF nifty
tons to eastern smelling plants. This ore,
which is being treated in the smelters, is
too high grade TO work at a profit by the
cyanide process, som Of it running VI
into the hundreds OF dollars. Returns from
several carloads Of this ore show that It
has an average value OF S44.S0 a ton. and
this is the kind Of ore now exposed In the
main workings Of the Realization. Tho
Pcnobscot is a close corporation, and nom
Of its stock can he purchased.
VIII start in Ten Days.
The management Of the Hidden Fortune
Mining company gives 1t out as positive
that the big mill which the company has
built on whltewood creek below Deadwood
will be ready 70 begin operations by the
10th of the month. When work was started
on the plant last fall 1t was to have been
ready to run by January 1 Of this year.
but delay after delay in its construction
has occurred, and the date Of dropping the
stamps postponed from time to time. How
ever. the work at the plant is completed,
the railroad tracks built to the mill and
the company hopes to be able to begin
doing business on the date stated. The
destruction Of the company's hoist and air
compressor plant at the Bingham shaft
on Poorman gulch and the damage by fire
to the big shaft interfered to a great
extent with the company's plans, but az
this damage has about all been repaired
and a new hoist and compressor plant is In
operation, there is no reason why the bis
mill should not start up. as the manage
ment claims that 1t has ore enough in it'
other workings to keep the mill supplied
which will be able to treat about 400 toni
daily. The company continues TO do de,
velopment on its ground near Central City
and has some fine and rich shoots of silicl.
GUS ores. which can be made available Al
q short notice.
The Columbus company continues the de.
velopment OF the enormous shoot Of free
milling ore which It has uncovered on the
200-foot level OF the Columbus mine, ant
the vein has not as yet been crosscut, the
drift on II being In now about 1855 feet, anC
the ore looking better all Of the time. The
find continues to be the subject OF tall
among mining men, and the company's fu.
ture policy a matter Of much discussion
The conpany's present intentions are un,
known, but IL is more than probable ar,
engagements will be made for the erection
Of a big stamp mill for the treatment Of tn,
ere.
To Purchase Wasp Group.
LEAD, s. D.. May Especial .)-Througl
W. r. Dickinson of Lead a mining dea
OF considerable importance has been starte,
on Yellow creek. The deal involves tn,
transfer OF Wasp No. 1 group Of claims
embracing about seventy acres. This prop
erty is owned by James and John Reagan
John McKibbon, j. A. Snyder. Colonel C
W. Carpenter and Daniel Reagan. The frs
payment on the bond was made Thursda!
by Mr.. Dickinson. $500. and the balanc,
is TO be paid in a few months. The pric,
asked for the ground is $40, 900. The sam
parties are now negotiating for the pur
chase Of the property of the Wasp
Mining company. which includes a l25-toI
cyanide plant, which has been in success
full operation for several years. The Was
2 is one Of the established producers O
the Black Hills, and by its operation ha
demonstrated that the low grade ores o
the Hills can be successfully and prohtabl
treated by the cyanide process. A create
part Of the ore being treated in the plan
of Wasp 2 will not go better than 81
ton. while much OF 1t will not assay a
good as SO a ton. It is the lowest grad
PAbEteAAANA Ia AZ IN utAnk sue
cessfully treated. and its record OF produc
tion is second to none OF the cyanidin
propositions In the country, The ore is
eambrian quartEite, lying close to and o
the surface, and can be mined at a sma
expense and delivered at the mill. Til
eomrany's plant was originally built Il
the purpose of treating a large quantity
iow-gTade ore. which had been left in III
mine after the rich ore. which had mao
the yellow district famous, had bee
shipped. and II was by an accident that
was discovered that the floor Of these ric
ore bodies. which had always been consit
cred a barren sandstone. was so high
mineraliIed as to be really an ore. 1t
this material that the Wasp . has bee
treating in its mill and which has yields
from $40. 1000 to $4,000 a month for trea
ment. The ore lies in the form OF
blanket. and is from fifteen to twenty Re,
in thickness, and there appears to be {
unlimited amount of It. Adjoining Il
Wasp 2 lie the property OF the Alder Gre,
company. which is making a reputation {
a similar kind OF ore, treating II in
siKty-hve-ton mill OF the same pattel
as that Of the Wasp ?. Should the de
so through It will involve the payment
at least $500. 900.
MAynOwer May nuIId.
CUSTER CITY. S, D.. May s.-(spec,al