Idaho Springs siftings., 1903-03-14
FROM ALICE AND YANKEE.
Alex Greyhoffer Again Reports Progress
From That Growing Camp.

Alex Greyhoffer Again Reports Progress
From That Growing Camp.
And again the report has come to us
that the Alice mine deal is pending with
greater assurances of being closed up
within thirty days. We can not give the
names of the purchasers at the present
time, though they are known to the min
ing world as large operators in the Black
Hills, where they mine and mill ore at
good profit of much less value than that
of the Alice mine. rhe Alice mine is
simply a mountain of ore that will aver
age nearly IS 90 per ton, while small
-streaks are found that will run up into
the hundreds or even thousands if you
choose to select your samples. 1t is
pyritiferous mass of porphyry the extent
of which is not really known, though
tunnels and cross-cuts have been driven
in for 600 feet in length and over 800 feet
in what is supposed to be a cross-cut OF
the ore body. Reports say that the pur-
chasers are figuring on building a con-
.centrating mill to handle several thous-
=
reduction plant or smelter something
after the style of the Carpenter plant at
Golden and which will handle a great
deal of the ores from other mines of the
camp. The need of such workings can
be seen by visit to almost any old pros
pect hole in the camp.
The Yankee Consolidated Mining and
Milling company this week paid to DIR.
A. Ashbaugh of Central City the sum of
$4,000, which is the last payment of the
purchased price of this mine, which was
closed about a year ago. The Yankee
company paid SOS, 900 in cash and suffic-
lent stock in the company to bring the
deal to a cash consideration of SIoo, 1000
for the Lombard Polaris group, one of
the mines that has proven to be rich in
large ore reserves.
Some Leadville capitalists are figuring
on the purchase of one of the large prop
critics in the district at price near SI75,-
600. Mill tests have been made on the
ter than was represented to them. 1t is
said that should the deal be made a large
mill will be built soon using the cyanide
process.
pool of New York stock brokers are
having reports made on a large propo-
sition in the district They have secured
a 90 days option on 100 acres of mineral
lands which they will develop if they con-
clude to invest. The figures named in
the option is $I48,ooo.
Cook Brothers are remodeling the Lilly
mill preparatory to starting it in the
spring on the Independence ore. They
will reserve ten stamps for custom work.
An experienced mill man has been en-
gagged to supervise the work.
The Cumberland are putting their ten
stamp mill in shape to start up as soon as
water begins to flow in the spring. This
mine has been pay from grass roots down
and now has over five feet of ore that
mills about $40 per ton, besides an eight
inch streak of eight ounce ore. The shaft
has been sunk to depth of 100 feet and
drifts extended for some distance each
way from the shaft. All work has been
in ore.
The North Star mine is working large
force of men sinking their shaft for an
other level. The shaft is now 200 feet in
depth and the owners propose to push it
down to the 500 foot point within a year.
The North Star has been a producer for
the past year, and reported a production
of $4,000.
Hawk Brothers are hoisting several tons
daily of four ounce ore from the Little
Clara shaft, besides considerable mill dirt
that will average over SIS per ton. They
have the shaft down about 60 feet with
vein five feet i'll width-composed of two
feet of smelling grade and three feet of
milling ore The Little Clara has been
paying proposition to the owners from
grass roots down. Some very high grade
ore is found in Kidneys from which spec
linens can be found showing free gold in
small nuggets and i'll the wire form. 1t