Idaho Springs siftings., 1905-04-15

X
Iannel company are making preparations
TOR the resumption of active work on the
Argus property. after an idleness of some
months The main tunnel has been dri,-
en- o4o feet and several hundred fee, have
heeu driven on the veins encountered, in
all total of little over 600 feet OF
development work. This work was done
Tor less cost per foot than any other
property OF similar development in the
district. The group is located about TWO
miles from this city on Gold hill. and is
surrounded on all sides by working and
producing properties. Across the gulch
are the Little Matte, Newton. Black
Eagle and Beaver, and alongside on the
north is the Josephine aud Western Star
which has recently resumed operations
ON large scale. To the south is located
he Gold King tunnel and a group OF
cisims. being consolidation of a large
the Uns Gold Mining and Tunnel com
pauy. Over the ridge on Soda creek.
the Belgian Hare, Lucky Boy, Frontier
and many others are located. and the
A gus group cert 4inly could not be ioca,
ed in more desirable territory. The
Company owns a ten-acre mill site aud ~
recorded claims and one patented claim,
total of about i7S acres. and a 600 #
tunnel site. Within the next few hui
dred (. ct On the line OF the tunnel several
Of the most prominent veins of that local
ity will be reached at good depth.
Negotiations are pending, and arrange
ments can be made with the owners of
the American Gold Standard mill, which
is located but a few hundred feet from
the portal Of the Argus tunnel, to lease
that mill for the trea ment Of Argus ores
This will be decidedly advantageous
arrangement for the ore may be dumped
directly into the ore bins Of the mill from
the Argus cars, by the extension OF the
track from the tunnel mouth. saving the
cost Of handling and hauling of the ore,
and making IT possible TO handle an ex-
tremely low grade product at a profit.
The tunnel has a full equipment of
tools, track. cars and blacksmith shop
aud as the tunnel is well timbered and
the heading is now in self-sustaiuine
ground, there will be no expenses oth,r
than breaking the rock with men and
dynamite.
The company was organized in Febru-
ary 1921, the principal stockholders being
nd ht,e al
though a number of shares were sold in
the East As is the case with many
companies, differences arose. having
the effect of closing down operations for
a time. The directors, however, have
kept up the work necessary to maintain
the tunnel rights, which are forfeited
under the law If the work is suspended
for over six months.
The resumption of work on the prop
erty for the present will be only in
limited way. while future operations will
depend somewhat upon the support given
the directors in their efforts to place il on
a self sustaining basis. 1t may reason
ably be expected that with the produc-
ton of ore in sufficient quantities to keep
the ten stamps busy at the mill it is pro-
posed to operate, that the property will
be earning enough to meet all expenses
of continuing the tunnel ahead TO reach
the principal veins which it was projected
to encounter.
travelling Passenger Agent Church
of the c. & S. spent Thursday with
Idaho Springs friends He is arranging
dates for the annual celebration days at
the differeut points on the system. and
it is aone too esrly for thelocsl Chamber
Of Commerce to set aside date for the