Idaho Springs siftings., 1905-01-28
|UY RICH GROUND
CAPITALISTS PuR-
m CHASE KING SOLOMON GROUP
III ON CHICAGO CREEK.
|EvElOPMEnT WORK IS STARTED
Ne DEAL WAS PROMOTED BY j. NJ.
n MARSH WHO WILL MANAGE
TIE PROPERTY.

pktlDg the organization by prominent
1iness men of Wahoo, Nebraska. OF
Ne Rich Field Mining company with
specialization OF 81 600. 600. the shares
!. baving par value Of 81 each. The in
corporators and officers for the first year
of its corporate existence are as follows:
Oscar Hanson. president. county treas
urer of Saunders county, Nebraska; II
81. Stratton. Secretary. of the firm OF
Z Stratton & Hanson. hard ware merchants:
u Hans Hanson, director OF the same firm
r. NJ. Stratton. director, retired mer-
chant, all of Wshoo, Nebraska. and J.
NJ. Marsh, treasurer and manager. presi-
dent of the Colorado aud New England
Securities company of Denver and Spring
field. Massachusetts,.
The newly incorporated company was
organized for. and has acquired the King
Solomon mines, directly adjoining on the
west. the Silver Glance and famous Little
Matte mines. The group consists of six
lode claims and a mill site on Chicago
creek. from which latter place 1t is the
intention to drive tunnel to inte.sect all
Oh the Claims IN tne group
The transfer of the property was for
merly made on Monday of this week and
a force of men was started to work
Tuesday morning under the direction OF
John Stasney. an experienced and cap.
able mine foreman. The drifts and shafts
on the claims OF the group will all be
cleaned out and retirnbered where neces-
sary. and the location and trend of the
ore shoots will be noted, after which the
operations On the surface will be carried
r. in accordance with the proposed tun-
from Chicago creek. 1t is well
kuowu fact that no hssure vein carries
/ <eoafinnous values for any great distance
~ its length. but 1t is also well established
~ While the vein may be nearly barren
he surface at one point the pockets
1N b are almost certain to exist at depth.
i than 1000 feet of development has
done on the entire group of claims,
u At no place has the workings reached
<a depth Of over 200 feet from the surface.
The property was owned bya miner OF
limited means, and who without assist
ance was only able to do the necessary
assessment work. On account of the
well established aud proven fact, that the
King Solomon was the western extension
of the rich Little Matte mine, he had
prohibitfve price. A number of capital
lists have made handsome offers in the
past. all Of which he refused to accept.
Becoming involved financially in the
course Of time. he decided to dispose of
his interest. The consideration is not
made public. but it is believed to be
handsome figure.
The connection between the Little
Matte vein, which has produced over
81 500 900. and the King Solomon mine
is as easily traced on the surface of the
Z mountain as a lead pencil mark on
white sheet Of paper. There is not the
D1ightest doubt but that the rich ore
Soots of the Little Matte extend into
e King Solomon ground and will be
reached in that property when depth is
H attained. The main ore shoots of the
3 Little Matte pitch toward the south west
and the main shaft is located in the low
est part of Cottonwood gulch where the
s vein crosses. The proposed tunnel OF the
Rich Field Mining company will inter-
sect the King Solomon vein at point at
leas, 200 feet below the present bottom
of the Little Matte shaft, and in drifting
in both directions additional depth will
be attained.
As rule surface assays are no criter-
L ion, but they are always interesting in
that they go to show the values that in
all probability will be exceeded as depth
is reached. A crosscut tunnel several
hundred feet in length cuts the King
Solomon vein at depth of about 100 feet
4 and on this drift OF little less than 100
feet has been driven which is connected
with shaft. From the ground above
there has been stopped and shipped in the
last twenty years about $4,000 worth Of
ore. In the bottom of the level for some
distance there is exposed streak Of ore
six inches in width, TIE assays of which
show o. "a ounces gold and 1857 ounces
in silver, or value of fz7a per ton. In
q shaft I33 feet deep from which some
ore has been taken there is Eve inch
streak in the bottom which assays o.4s
ounce gold and 1881 ounces in silver, or
. value of tII6.4o per ton. discovery
epeu cut not thirty feet deep has exposed
- three-iuch streak assaying o.3S ounces