Gilpin observer., 1907-03-21
WORKING Arqo and Faraday Properties.

Working Argo and Faraday Properties.
Dr.C. B. Gibson. OF Chicago arrived In
the city last week and will remain here
two or three months, during which time
he will have personal supervision OF the
Argo and Faraday properties il Russell
gulch. Thomas Cudahy, the well.known
mining operator who has had charge Of
these mines has gone to Nevada for
short stay and Mr.. Gibson is relieving
him. Mr.. Gibson informs the Observer
that operations are progreesig rapidly at
the mines. The company at present is
working three shifts in sinking the shaft
on the Argo. Sinking was commeced
three weeks ago and at that time the
shaft was down 1856 feet. The company
low comtemplates sinking further dis
tance OF 2OO.feet and will then commence
drifting east and west as about each 30
feet in depth as attained. They an
ticiapte that it will require until fall be-
fore the shaft is down the desired depth.
The east drift will be about 204 feet
from the surface and the west drift will
be started at depth OF 254 feet The
object in drifting east is to undercut the
gulch and strike the ore shoots running
angular from the surface.
In sinking good ore shoot has been
encountered in the shaft. This shoot is
not only rich but is continuous only vary
ing in width at intervals. At the l54-
foot level, which is now in 10 feet an
other fine ore shoot has been struck and
the assays from the ore here are from
$4,000 to $4,000 to the ton. The ore in
the shaft runs trihe better than this
The Argo and Faraday mines are owned
by the Farady Mining company. These
properties had not been worked for a
period Of ten years prior to the time the
present company assumed ownership.
When worked before what had been done
was done by lessees who from the records
kept OF the output did we'll. While COM
paratively little work was done by les
sees il the levels, ore was stopped out
amounting to upwards of $4,000. After
the property was abandoned ten years
ago nothing whatever had been done
until the Faraday people took hold; the
timbering in the shaft as result OF the
long period OF idleness was rotten and IN
very bad shape. The condition OF the
Argo in general was such that much
work was required by the new company
to get the mine in shape to enable them
to carry on the development they had in
mind.
The Argo is said to be the oldest pat
ented claim IN Russell gulch. 1t with
the Faraday. which adjoins the same, is
near the Alva Adams and other well
known claims that have and are produc-
ing ore Of a very rich grade. When the
development now being carried on by the
company is completed and the large ore
bodies already exposed properly opened
up it is a certainty that these mines will
yield handsome returns for the owners
and operators.
The annual stockholders. meeting OF
the company was held in Denver last
month. At subsequent meeting Of the
board Of directors, the following officers
were elected: President. Theodore C..
Tiedebohl, secretary Of the Seip Brew.
ing company, OF Chicago; vice president,
DR.. Thomas ]. Bryan, chief Of tie Illinois
food commission, Chicago; secretary, DR..
c. B. Gibson, assayer and metallurgist, Of
Chicago; treasurer, G. A. Schrader, offic.
ial assayer OF British Columbia, Aide.
emere B. c., and Chicago. All these
gentlemen are members Of the board OF
directors and the following gentlemen in
addition: Chas. w. Franklin, Denver;
Harry B. Tedrow, Denver; X. A. Powers,
Denver, Theodore G. Case, Chicago. The
company has ample funds in the treas
ury to do all the contemplated work
and further in sight for additional work
and equipment il necessary. 1t is be-
leved, however, with the opening up OF
the mine as above stated that continu-
GUS shipments Of ore will be made begin
ming within the next two weeks.
West noltaWau Mine.