The Colorado statesman., 1907-08-03
The BIC STRIKE
FABULOUS DEPOSIT OF GOLD
PROVES coLoRADo's MERIT.
LITTLE JOHNNY OPENS POCKET
A Strike That Would Send GoldfieId
Wild and Send Stock Soar
ing SkyWard.

In four days last week there was
taken out of newly discovered pockets
in the Little Jonny mine $2S6.000
worth of gold ore.
Twenty sacks were shipped to Den
yer which netted in cash $4,000.
There is great deal of excitement
in Leadville over this last fabulous
discovery in mine which has already
produced millions, but nothing COM
pared to the hurrah that is made in
Goldfeld or its sister Nevada gold
camps over the find of few thou
sands.
In Leadville great strikes are taken
as a matter of course and have con-
tinued at frequent intervals for thirty
years past. The mines are on the
most legitimate basis and are operated
for the profit that is in the ore and
not for the sale of stock.
There arc four men who own nearly
all OF the stock of the Little Jonny,
John F. Campion, William Byrd Page
and Trimble & Hunter, owners Of the
Leadville Carbonate National Bank.
The result of this strike and other
rich strikes Of late in the Leadville
district has made a healthy increase
in the price of all the stocks of the
district. The stock of the Little Vim
ME, owned by the Golden Eagle COM
pany and adjoining the Little Jonny,
jumped 30 cents yesterday. The strike
in the Little Jonny is very near the
walls Of this mine.
There are thousands of claims in the
Leadville district offering more certain
opportunities probably than In any
other mining camp in the world.
On Verge of Boom.
Not only have the geological Sur
veys of the possible ore strata been
made, but development has gone far
enough to prove their authenticity.
Just now Leadville seems to be on the
verge of boom that will eclipse even
the first great fame of the camp.
Possibly no mine was ever more dis
appointing in its beginnings than the
Little Jonny. Campion, Trimble and
Hunter had great faith in 1t and de-
cided to expend $4,000 in proving its
worth This went without any definite
results. Twenty thousand dollars
more was put in and this, too. failed
to reach paying ore body. The three
hesitated after 0,O00 had been sunk,
but finally decided to expend 100000
more, and If the showing was not then
satisfactory, to quit.
1t was not until nearly all OF this
had been used that the first rich strike
was made.
Handful Worth Fortune.
From that day on the mine has paid
tremendously At one time a pocket
was struck so rich in gold ttha man
could almost carry fortune away in
his pockets.
The direct benefit to Leadville from
this strike in the Little Jonny can not
be over-estimated. 1t Is just another
evidence that Leadville, even though
it has already produced millions upon
millions, is yet in the infancy of its
riches. Great strikes have been made.
but the wonderful wealth of the camp
is vet to be uncovered. No old camp
In the West is so prolific of opportuni-
ties, for while many men have already
made millions, there are still thou
sand prospect chances to every deyel-
oped mine. The reports of mining en-
gineers and United States geological
surveyors show that the entire district
is underlaid with gold and silver-bear-
ing mineral.
Leadville combines, more than any
other mining district, true fissure veins
and fabulously rich pockets of ore.
Much Of the mining has been in low
grade ore, but with 1t have been found
DEPOSITS of gold such as the Little
Jonny has uncovered.
While mine may work for many
years ct good profit on low-grade
veins in the district prospect adJO1n-
ing may uncover in week several
hundred thousands of dollars.
In all the history of western mining
Leadville has been the steady pro-
ducer, the camp that was considered a
standby. 1t is rich mans and poor
mans camp. Deep mining has shown
the great area of the ore bodies, and
prospecting has shown the riches near
the surface.
In all the history Of Goldfield no
strike has ever been of the surprising
value of last weeks find in the Little
Jonny.