The Idaho Springs siftings-news., 1906-03-03
H00SAC FORWARD
MACHINE DRILLS WILL START THE MID
DIE OF NEXT WEEK.
DRIVE ADlI ON THE LARGE FISSURE
BIG ENTERPRISE 70 BE PUSHED WITH
WITH THREE e-HoUR SHIFTS.

| sent tatiye of the Hoosac Tunnel aud Min
ing company throughout the country,
and which is all Of desirable nature in
calling attention to the oldest gold dis
trict in Coiorado a food of letters of in
quirv ave been received by many busi-
ness and mining men, asking for every
conceivable tird OF information in rela-
tion to the company and the property.
This ofice has received large number
Of inquiries, and to answer each by sep
arate letter would require too great a de-
mand upon our time. A sample copy of
this issue, however, will be mailed to
each address, and the recipients will find
below all the available information. 1t
is not within the province Of a newspaper
to recommend mining or any other form
of investment, but to chronicle facts and
items of interest as accurately as they
may be ascertaiued, and from which an
intending investor may draw his own
conclusions as to the merit and manage
ment, as well as the probable profit
earning capacity of the enterprise.
pany is incorporated under the laws of
Colorado with a capitalization of
$1,000, 900 the shares having par
value OF 81 each and are non assessable.
Of the ca ,.ii al S, lck 100 900 shares were
placed in the treasury to be devoted to
development purposes and 100000
shares were issued III full payment of
the property, OF the latter 700. 900
shares are pooled aud 100, 900 shares
are promotion stock. The officers of the
company are. E. d. Quigley, president,
manager and acting treasurer. c. A.
Thompson, secretary, and Alfred Thomp-
son, director, The company does not
maintain handsomely appointed Offices
nor a corps Of stencgraphers as it is not
in the stock jobbins business.
The Hoosac Tunnel and Mining COM
pany owns outright and free of all indebt
edness, five patented mining claims To-
Gated on the west slope of Bellevue
l mountain, and a 2o-acre placer claim at
the tunnel mouth near the junction of
| Fall river and Clear creek. ihe equip
ment consists of a Ioo-horse power boiler
! and Io-drill Leyner air compressor,
machine drills, cars and other necessary
material.
The adit has been driven distance of
o23 feet, and within the next 200 feet
will encounter the big Hoosac vein
which will be followed under the crest
J. D.t
pany owns d, 500 feet Of this vein which
is one of the main hssures on Bellevue
mountain. On the west on this vein is
Ts,ated the Donaldson mine which has a
duction of over $500, 900 to its credit.
tthe east on the same vein is located
West Kentuck, kentuck, Rara Avis
gntenac, Aduddel, Cyril and kok ONO
s,es whose production is in excess of
zoe, 900. The May Queen group of
rs will next be reached by the tunnel
re the lodes cross the Hoosac vein,
thereafter, it is estimated that at in
ais OF every 200 feet cross-lodes will
encountered, while the adit will gain
Nth as it is driven ahead.
HAS tuC UlOuNu vi 'uC kuuuCl 10 lu(dleu
glin stones throw OF the Colorado &
sAthern railway tracks, the matter of
Evaporation Of the mine product is an
lty one.
'ssor the past ten days crew of miners
Is been employed in cleaning out and
naring up the tunnel preparatory to
lie commencement of operations on the
4 ieast by the middle of next week. The
N,team plant Was about to be started up
, when it was found that several fues in
4 the boiler were defective and they are
now being repaired.
I Manager Quigley, who was in the city
during the fore part of the week, stated
that the sales of stock had far exceeded
his expectations, and that funds are
already on hand to insure continuous op-
erations for some time, and that he had
no doubt that ample capital will be sub.
scribed to enable the company to carry
out the project.
Complaint was filed in Justice wilkins