Gilpin observer., 1907-10-31
No Crash Can Hur. Our Mines.


Victor, Colo.-Lessec Bach and
others, who made the rich find at the
300foot level in the Gold Coin mine
on the west side of Beacon hill, the
bonanza character OF which was noted
in these columns few days since,
have developed firstclass ore at the
400-foot level. where, however the ore
shoot Is small in width but carries
seam of native calaverite that is of the
highest grade Of value. The lcssces
are pushing work at both levels. and
are still taking out the free gold with
the rock of lesser value, which makes
their lease one of the most profitable
that has been worked on Beacon hill
for several years.
IL all outward signs do not miSlead
the coming six months will show that
a strong revival of interest in mining
in various sections of the district is
certain. Not the least encouraging fact
in support of that view is the renewal
Of operations at a number of compare
lively small properties which have
been idle for several years. This work
is being done by lessees and 1t is COM
monty reported that number of COM
panies which suspended developments
as long as four years ago will soon
again be in the field for the purpose
of continuing the practical explOra-
tory work that has stopped for various
causes about that time and even be-
fore. One of the principal causes for
the suspension OF work during the
period suggested was that many COM
panies were badly managed financially.
or were in control of men who had
small practical knowledge of mining.
but who expected bonanza results
within a short time. In a large per-
centage of those cases. for the reasons
stated commercial success was dis
counted materially at the start and
these conditions were made all the
more accute in various instances be-
cause the working capital of hundreds
OF companies was limited and there
fore systematic development on an
adequate scale could not be carried on.
This is true of many good mining dis
tricts III the earlier years of their his
tory.
Black Bear Gets Finishing Touch.
Telluride. Colo.-The Black Bear
Mining Company is now putting the
finishing touches on the various i'm
provements that have been in progress
on its property during the season. The
upper tramway, a little more than a
mile in length. between the twenty
stamp mill at Ingram fails and the
group of mines in Ingram basin, is COM
pleted. and the tests which were made
show 1t to be in perfect running con-
dition. The addition of ten stamps to
the mill with the auxiliary concentrat-
ing and other machinery necessitated
many alterations. among them the
changing of the pipes for the heating
system. and this has required a longer
time than anticipated. But in the next
two weeks everything will be in tip-top
shape and the plant will be in opera
ton. A force of men has been busy
this week attaching buckets 10 the wire
rope cables on the lower tramway, be-
tween the mill and shipping station at
Pandora distance of one mile. Within
the next fortnight the Black Bear prop
osition, which has devoted the entire
year to the present time to develop
ment and the construction of improve
ments and equipments, will be operat-
ing full capacity. and 1t will probably
mark the beginning of the active ca
reer of a mining property that will
probably be working steadily and prof
itably a half century hence.