The Idaho Springs siftings-news., 1905-09-30
PARK ON SEATON
SUN AND moon EXTENSION WEST WILL
BE OPENED UP.
4 NEW CORPORATION IS FORMED
LOCAL MEN INTERESTED IN AN Ex-
cElLENr PROPERTY.

The incorporation papers will be filed
with the secretary of state next Monday
incorporating the Consolidated Park
Mining company. with capitalization of
1000, ,ooo shares of the par value of 81
each. The officers and directors for the
first year will be as follows: President.
o. W. Lowell. president of the Lowell
Hardware COMPANY; vice president. C S.
Birkins, president of the Merchants and
Miners National bank; secretary-tressur-
er and manager. J. J. May. manager of
the Newhouse tunnel; directors, J. r.
Elgan. manager of the New Era mines,
at Freeiand; and w. z. Pasmore. secre-
tary of the Colorado Mine Operators
association.
The company is organized to acquire
and operate the Park group of four pat
euted claims on Seaion mountain. The
Park claim 10 the direct western exteu-
sion Of the Lead Belt and the Sun and
Moon vein. and by many it is believed
to be the eastern extension of the famous
Shafter vein. The Psrkside and North
Park are adjoining parallel claims or
either side of the Park. The Highland
er claim is the same vein as the Hud-
son. which was recently acquired by the
Big Five and which will be intersected by
the Central tunnel at depth of 400 feet
when that big bore is extended. The
eastern end of the Hudson and the west
end Of the Highlander claims overlap
each other and the Highlander is the old
er patent Of the two. The development
Of the Park lode consists Of two shafts
i,o and 30 feet respectively. in both of
which there is exposed q good Sody OF
ore. The Highlander development con-
sists Of an adit Of lao feet in which is ex
posed . good vein of milling ore of
fair grade. The European vein crosses
all four veins and the ore produced by
the latter has been extracted at the juno
sious with the Park veins.
II is the intention to extend the High
lander tunnel which will Gu, the Park
vein at depth Of $50 feet on the pitch Of
the vein. and at the junction of the two
veins, which will undoubtedly form an
immense ore shoot. a. both veins are big.
strong. well defined assures and have ore
exposed at every point they have been
opened up on the surface. The Park
vein carries heavy per centsge of lead
and in addition TO the revenue which
will be derived from the gold and silver
conteuts. the ore commands low treat
ment charge at the smelters because of
its desirable character ss huxing ore.
One feature OF the organization Of the
COMPANY that places it in . class by
itself. 10 the fact that there are no pro-
motion shares. Almost enough Of the
stock has been subscribed for to purchase
the propert. on . cash basis. and only
enough treasury shares will be sold to
pay the operating expenses. The COM
pAny will psy NO salaries except . small
compensation for office expenses and the
work of driving the tunnel will in all
probability be let by contract
The location of the group in the heart
of the old reliable Seaton mountain sec
tim. directly IN line with and between
two Of the largest producing properties
in the district and surrounded by
large number Of chipping properties.
makes the proposition . desirable one.
The mouth Of the tunnel il located on
the wagon road to the comstock snd
Doves Nest mines and but . shost dis
tance from the main Virginia canon
wagonrosd. aud the ore can be hauled
for . nominal amount. The manage
ment Of the property 10 in excellent
hands, and the organises Of the company
are among the leading business and
mining men in the state. The company
Il formed for the purpose Of mining. and
mot exclusively for the sale Of stock, ~
unfortunately many companies are or
gAnised.
II 10 expected to have the work well
under way within the Aext week or
ten days, and - the breast of the High
lander sdit Is already in ore that may be
saved for milling. the ore that 10 taken
eat In development may materially
Lessen the expeuse Of driving. 1t is the
inteutioa to install an electric plant
which will operate an air co0peessos -
soou - the machine dSills may b used
to sdvaatage. Lite Wonder cir drills
vilI be used fos driving and stopisg. snd
the Slopes viii be started q sooa = the
headisg has beeu fas ssoagh sdvaDeed
= ~ 70 intesfess With opsfatious.
Mn. n. ]. Pike attended the stste |
nssdsg q ~ 1asasss etas. asd a,ao the |
nsuefng of the redesssioa q Wooen's