The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-08-02
BIG CYANIDE MILL
viii Be Erected by Wichita
People in Colorado.
WILL COST $4,000
Directors and Stockholders
Held Meeting Yesterday.

The directors of the Manhattan Mining
and Milling company met in the Office OF
| the company yesterday afternoon and
voted to build a cyanide mill on their
property at Twin Lakes, Col, to cost
| fifty thousand dollars. The Manhattan
Mining and Milling company is composed
| principally of well known Wichita bust
ness men and the officers and directo
are all local people except NJ. L. Sar-
gent the superintendent &c :he mine.
The officers of the company are z. E
Beach, president.
I Geo. II. Bailey, vice president.
| L. w. Miner, secretary and treasurer.
c. V. Ferguson, attorney.
| The directors are George Dimond, ].
w Clayton, Geo. w. Darling and Geo.
r. Toilet.
Last night a meeting of directors and
stockholders was held. The company is
capitalized at one-half million dollars and
a good PERCENTAGE of stock was repre-
scented. Among those from out of the
city who attended the meeting We're E.
w. Schriever, McAlester, l. T.. Henry
Noble, Alva o. T.. J. D. Share, Alva,
Geo Carter, Alva. The stakeholder
were very enthusiastic about the COM
pany last night and heartily endorsed the
action of the directors in ordering a cy-
anide mill built on the property. last
night fifty thousand dollars worth OF
treasury stock was offered for sale and
q third of this amount was subscribed
within a few hours
Mr.. NJ. L. Sargent, the mine super
intendent and w. II. Royston a well
known mining chemist of Denver met
with the directors and explained the
property. The cyanide mill will have a
capacity of one hundred tons per day.
Nearly all of the officers and directors
with fifteen stockholders spent several
days at the mine last week. They took
a ton of their ore to Denver and had
number of cyanide tests made. The
average recovery from eight tests showed
medium values of s7.2S TO the ton. Con-
sidering the size of the ore body which
the Manhattan company have. this
promises to be one of the largest PROPOSE
tons in that country.
From personal inspection this ore body
or dixie cuts through the mountain for
$500 feet on their property and assays
from s. to so per ton in gold. A tunnel
has been driven at the base of the noun
tain over 600 feet long. of which SIS feet
is on the lode This body is twenty-five
feet wide, as has been proven by six
different crosscuts. and 1t was found that
the values OF this dixie increase with
depth rather than diminish. 1t Is esti-
mated that the tonnage in sight which
can be taken from the tunnel by stopping
is between 100000 and 10000. 900 tons. So
it can readily be seen that this is one Of
the largest low grade ore bodies Of the
state This dixie of quartz runs across
the formation Of the surrounding country.
and several good veins viii be cut by
the tunnel. Assays taken out Of one Of
the upper claims shows values OF 800
in gold Besides 1t is suspected that the
famous Gordon vein, which has produced
$500 GEO will also be encountered in the
drift.
The ore from all experiments is a per-
feet cyanide proposition, so. when COM
pared with other cyanide dividend pay
ers. il can be seen that an extraction OF
81 means a great future for this COM
pany.
The Mercur mines OF Utah, which are
the largest outside of the Dakota dis
trict. treat ore which averages IS TO $50
per ton, while the Homestake itself only
averages $3.50. The old Cripple Creek
dumps. with values ranging from 50 TO
81 per ton are now being treated by the
same process and give good returns.