Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1906-12-21
The same issue contains the follow
inc correspondence from LanduSkY:

The same issue contains the follow
ing correspondence from Landusky:
On the southwesterly slope OF the
Little Rockies range the gold ores
have evidently been found to be freer
than those of the northwesterly slope
having upwatd of 100000 gold pro.
duction to is credit extracted by'
annals amation or shipment to the
smelters.
On a tributary of Sawmill gulch,
/ Y miles fro m Landusky, is situated
the Gold Bug mining property, which
up to date has credit production Of
between 10000 and 100000 in gold
This propert! has more ore blocked
out and in sight than any other in
the Little Rockies entire district, but
has been lying idle on account of liti
CATION. brought about by the financial
failure of THE Mission Peak Mining
company. Early this fall it was placed
in such tangible shape that lease
and bond was taken by Messrs French
Owen and Naming, of Harlem, who
are now closing deal with Chicago
capitalists WHO will install! new COM
pletely equipped cyanide plant. Their
ore is dioritd mixed with quartz, in
termingled with seams of rusty
quartz which is exceedingly rich IN
gold, while i the thousands of tons
of ore blockad out they find an av'
erage value If 81 gold per ton.
One mile aortherly at the source
of Peoples gtlch is the August group
having record of $125, 900 gold to its
credit. With all this it is evident that
the property has been maltreated by
! gouging, only aiming at getting out
the richest ore, until now it will take
capital to work it, which will neces'
state systematic mining and milling
W. f. French and associates of Har.
lem have recently taken over this
| group intending to erect a cyanide
plant.
Adjoining tie August on the west Is
the group owned by COburn brothers,
of Brookside, who have force engag-
ed in developing the property. Their
ore is diorite With tellurium base and
when sufficiently blocked out they
+ will erect adequate works.
Three miles northwest of Landusky
on Cow Boy galch is located the group
owned by Andy Newman and asso-
i els ,.noNu as the iiaT!,eye group
/ having some $4,000 in ore blocked
out. AT deIth of 100 feet their lead
! shows Width of two feet in white
/ quartz. Recently the property was
i bonded TO Montana people, whose in
! tention is to continue blocking out
/ the ore and de erection of plant
in the spring.
The new York Commercial of Dec.
II said the albtments of the Barnes
King development company stock
TO subscribers would be made the day
following. but notice of the allotment
has not vet lnen received by the
Butte subscribers. The following on
The subiect is from the Commercial:
The shares were Oversubscribed
largely both N Butte and in New
York. The capital of the company
which acquires the famous Barnes
King properties in the gold belt of
Fergus county Mont. is S2,OO0,O00,
consisting of shares of the par value
of s. each. The subscription price
vas par. The Marcus DAILY estate is
largely Interested. and the oyersub-
scription of the shares in Butte with
in two days after they first We're Offer
ed was one of he remarkable happen
iIgs in the mining history of that
camp.
wv. W. Che.ly. manager of the
Butte Inter Mountain. who is interest
ed in the property. is In New YORK. He