Gilpin observer., 1907-02-07

eTty III lue quartz Ndiicy uislllCI, 0ii-
pin county. A recent shipment of ore
ran about two ounces gold per cord.
A Thermopolis, Wyoming, dispatch
says: U. G. Ballinger has struck ore
assaying $50 ounces in silver on his
property in the Copper Mountain dis
trict. This Is one of the best silver
strikes reported from this district.
The Wellington company, in Summit
county, is fulfilling its contract to de-
liver seventy-five tons of ore per day,
and is only handicapped by the short
age of railroad cars. Four teams are
constantly engaged hauling from the
mines.
There has been a marked revival
of interest in the Holy Cross section,
in Eagle county. during the past year
and number. of eastern capitalists
have made investments. The Grand
Trunk is being leased successfully to
J. w. Bailey OF New York City, who Is
treating the ore at cyanide mill
erected on the property in 1896.
A contract was let recently in Clear
Creek county to drive lateral on the
Galatea vein for a distance of 800 feet.
This will reach point directly under
the Galatea shaft and will attain a
depth of 500 feet. The object OF run
ning the lateral from the Silver Gem
tunnel is to reach rich ore shoot
opened in the shaft about eight years
ago.
A great deal of work has been ac-
complished at the South Homestake
Company's property, in Eagle county,
during the past season preparatory to
extensive placer operations next sum-
mer. Two hydraulic giants are being
transported to the mine this week and
ditch and fiume, $3.50 feet long has
been completed. The water power is
acquired through a fall of 24S feet.
The contract for the construction OF
the seventy-five ton mill for the Rams
dell Mining and Milling Company at
Georgetown, has been awarded to
Morse Bros. of Denver. In all, 1885,
600 feet of lumber will be utilized in
the building, thus affording ample floor
space for the installation Of additional
machinery at any time. 1t Is expected
to have the plant in operation within
sixty days.
Commencing February I'd, all ore
from the Golden Cycle company's
mines, on Bull Hill, will be diverted
from the Union mill at Florence to the
company's own plant at Colorado City.
Ore which has been left broken in the
mine will now be hoisted and continu-
Gus heavy shipments will follow. The
mill has treatment capacity of 100
tons daily and when In full operation
after February 18th, will be handling
close to this tonnage.
An important strike Is reported from
Gray Eagle property, Gunnison county.
The same vein has been opened at
depths Of $50 and 500 feet, and in both
places gives high values. Ore will soon
be taken out and sacked for shipment.
Work has been resumed on the Ida
line tunnel by the lessee, Thomas Nc
allister. A vein of mineralized quartz
averaging $40 per ton has been opened
in a seventy-five-foot drift at vertical
depth Of forty feet. The same vein Is
now to be cut through the tunnel at
depth of 125 feet.
The Vindicator Gold Mining Com
pany, Colorado, has made public its an
nual statement for the year ending De-
cember 81, 1906. The total tonnage ex-
tracted, both on company and lessee ac-
count, was 1896 tons; the assay value
of which was $935.614. The total gross
proceeds for the year were $500. .131.
The net profit was $251,311. The COM
pany paid dividends amounting to
$1S0,00O, and had cash on hand Janu-
airy l, 1906, $155,553. The total devel-
opment work done to date Is nearly
$4,000 feet. The report on the mill
experiment shows that many thousand
tons of ore on the dump and in the
mine can be treated at less than 81 per
ton.
The Wellington Bonanza Mining
Company is preparing to operate the
Mammoth placer in Big Evans gulch,
at Leadville. Active operations have
already begun on the proposition. Ex-
cavation work is being done for the
placing of the two 200-horse power boil
ers that have been arranged for by the
new company, and the machinery will
all be on the ground within a week
or ten days at the most, and the unwa-
tering of the Mammoth will be well un-
der way by the 1st of February. A ten
inch water column is being made ready
for work on the accumulated water,
and steam winch will operate within
the next three or four days. Elec.
trio turbines have been ordered for the
source Of power in handling the water
and in all the operations of the mines
In contemplation. This is a new de-
parture in mining in the Leadville dis
trict, aside from the Yak proposition.
and electricity will take the place of
steam power on the Mammoth abso-
lutely during the latter partt OF the
month of February or first OF March.
Under date OF January 31st, the
Idaho Springs correspondent of the
Denver News says: Beginning to-mor-
row, the Hudson mill, which is con.
nected by tramway along the south
side of Clear creek with the Central
tunnel. will start Its entire capacity on