The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-03-06
COLORADO SPRINGS
MINING REVIEW

COLORADO SPRINGS. Colo. March 4.
-Tne Solar Mining company OF recent in
corporation. has secured a bond and lease
on the Ollie Placer and Last Chance lodes.
located on Mineral hill. and has opened nm
a remarkable body of ore The bond on the
Ollie Placer calls for the sum of $75. 0O0
While for that on the Last Chance the
sum OF $4,000 is promised The lease
runs for eighteen months. The operators
nave been interested in Mineral hill for
a number OF years, always believing that
1t would yet give up a producer They
opened the present body of ore at depth
OF 80 feet from surface where the vein
returning average values of $40 to the ton
Tor the entire body of ore
The lesSeeS believe positively that they
nave found the source of the placer gold
mat has from time to time been PANIED
In this neighborhood, and are highly elated
over the present condition
ms ind. together with that recently
made on Copper mountain on the Buckeye
property means much to Cripple Creek as
this territory is located contiguous to the
city. A considerable amount of activity
Is noticed in this section and all the min
ers make their homes in that city
1t is generally believed that the STRAIT
ton Cripple Creek Mining and Develop
ment company will shortly commence the
work Of leasing the Bull hill property. Now
That the company Is practically free of
litigation there is nothing TO hinder that
action. Repeated efforts have been made
10 sell the property and well known min
ing men have had options from time to
time on this vast acreage, but ii has al
ways proved the same result-no sale. The
only thing for the company to do is to
lease: and by so doing the income to them
VIII be large, besides a number of indie
pendent fortunes may be made by out
slders from operations on this property
Considerable activity is noticed on various
parts OF the estate where miners are pros
pecung. Just as soon as they find any
lining that they believe will pan out, they
hurry TO the office of the company and
make an application for this certain piece
OF property The company owns a very
large acreage of rich territory and when
once leased it will easily furnish room
Tor the employment Of between 500 and
1000 men besides making a remarkable in
crease In the monthly output of the
camp. In number OF shafts on this ter
ntory ore IS showing at the present time
and IL would pay TO operate on company
account
Good shipments were maintained from
the NindIcator during the last month and
ABOUT 1000 tons was marketed. This is
equal to the output of months of three
more days. Ore is coming from half a
ing that contributed by lessees and is
yielding from $50 to $50 to the ton in a
general way, not little of il averaging
$50. Lessees OF the Lille, adjoining the
indicator. are producing mainly above the
500 foot level. The rock IS screened and
sorted and yields $50 and $50 worth OF
gold TO the ton. Lessee Burkhart and as
sociates, operating under lease the Rather
claim on Raven hill, are now breaking and
fined within depth OF 40 feet. The ore
is running around $50 to the ton and reg
ular shipments OF carload week are
maintained.