Gilpin observer., 1905-12-28
GlIpIn County still Maintains a Reliable and
Credltab|e Showing in ths
Mining World.
THE OUTLOOK THE COMING YEAR is VERY GOOD


and values in the mining world. Some
sceptics may say that this is "bluff,"
but we IRE prepared to back what we
say with the gold or silver, whichever
you prefer. 1t ID true that Gilpin is an
old camp. 1t is also true that this world
is old-but it is the best world we have
ever seen, and Gilpin county is as good,
and better, than many mining camps OF
recent date which have attracted thou
sands Of prospectors and much capital.
There are Goldfelds, there are Cripple
Creeks and far away Alaska, all OF which
are meritorious for the time being, but
Gilpin county has been a producer for
forty. five years and is still good for many
more to come. The old reliable" is here
to stay. Many properties have been
started up during the past year that will
undoubtedly furnish several good pro
ducers.
The figures at the head Of this column
although somewhat estimated, we think
are very conservative. 1t is very diff
cult matter to get exact figures in min
ing matters, but figuring the mill gold
at S25O,0O000, and the ore and tailings
shipped at $1,000 per ton, the county has
a production Of over s2,OOO,OOO.OO for the
year.
The Old Town Consolidated Mining
Company has been one OF the heaviest
producers in the camp during the year,
employing large force Of men. both on
lease and days pay, and has paid quar-
terly dividends to the stockholders some-
where in the neighborhood OF $4,000.
The main shaft is now 1900 feet deep and
the big pump requires only ten hours
out Of the twenty four to keep the water
under control. Large ore bodies are
opened up in the various levels and
slopes OF the mine and the values OF the
ores are such as to make this one of the
best mines Of the county. Manager Geo.
X. Kimball Jr. is developing the property
in systematic and profitable manner.
Mitchell & Son, who are working the
Gulch mine in the lower Russell dis
trict, are getting out some very good
ore in doing development work. The
shaft is now 375 feet deep and they are
still sinking. the shaft improving with
every foot being sunk. Leasers working
on the 350.foot level are getting out a
good grade Of ore and shipping. This
mine is located in the neighborhood of
the celebrated Notaways and promises to
be good producer when thoroughly
opened up.
The Running lode, property Of the
Cover Gold Mines syndicate. is one Of
the largest and most profitable mines 10
the camp. A large force OF miners is EN-.
ployed on the property, which is operat-
ed under the able and careful manage
ment Of Mr.. Thomas Dunstone, min
ing man Of much experience. The prop
erty has paid s4OO,OOOOO in dividends
during the past five years, or at the rate
OF SS0,OO0.OO year. The ore in the Run
ming lode is Of very good grade, many
leasers in the past making high wages
The property is owned by an English
company and is fine investment for the
stockholders.
The Rails County mine, located near
the California mine in Nevada district,
which was started up last September
with new plant Of machinery is now
employing large force OF miners and
making heavy output. The main shaft
which was worked some thirty years ago
is 700 feet deep. but the principal work
done is at the 300 foot level. This mine
contained ores Of very good grade in
the early history Of the camp and is a
mine which has not been worked to any
great extent, which makes it very
desirable property in which to invest,
with the chances greatly in favor Of its
being good producer. Pittsburg, Chi
cago and st. Louis men are interested In
the enterprise with Mr.. G. W. Gage as
superintendent, who is managing the
property in systematic manner. Some
Of the ore from tho Rails County ran as
high as $4,000 to the ton in the early
history Of the mine.
Frank Poole & Co., who are leasing on
the West Notaway are taking out good
grade Of ore which is shipped to Argc
and runs two ounces in gold and up
wards to the ton, besides small per
centage Of copper and some silver. The
production is all Of smelling class, ant
IL shipped direct to the smelters. The
lessees pay 20 per cent. royalty and muk,
it an object to continue work.
Davey 4 Harry, who have been leasing
on the Little Pittsburg mine on Quart;