The Goodland republic., 1907-01-25
RICHES IN SIGHT.
Two Former GOodland Men Have a
BONANZA at GeOrgetOHn, Colo.

Two Former GOOdland Men Have a
BONANZA at GeOrgetOWu, Colo
Georgetown. Colo. Jan. 1z-George-
town. famous for forty years as the
home OF rich silver mines. proudly
boasts OF having within its bounda-
ries one Of the biggest and richest ore
bodies ever uncovered IN the state Of
Colorado. AS 2 result two former
residents OF GOOdland, Kan, are on
the road to wealth, the success OF the
undertaking already being assured
There IS no guess work when the
above assertion is made, as from re-
cent shipments made from a body Of
ore measuring from thirty to forty
feet in width mill returns have shown
that high values are contained in the
product
The lucky men who may become
rated in the millionaire class are
George W Teagarden, at present one
Of the most substantial and best
known citizens Of Georgetown, and H.
E Don Carlos, at present engaged in
the real estate and brokerage busi-
ness in Denver. Both have pinned their
faith 70 the camp where silver was
first discovered in Colorado, since
which time the aggregate production
has been in excess Of SSO,OOO,OOO
The RamsdelI mine, in which the
above named gentlemen are interest
ed, is located on Lincoln mountain.
This territory, embracing a vast area
Of mineral ground is the home Of a
number Of producing mines, but il is
evident that when LIr. Teagarden Sc
cured the Ramsdeu group OF six
claims, he secured the cream OF the
entire locality. The Ramsdeu lode
which has been aptly termed a second
Homestake, is unQuestionably the mo-
ther vein OF the mountain It can be
traced for several thousand feet, the
outcropping showing for the entire
distance
Development on this valuable prop
erty in the past has consisted in run
ming a crOsscut for a distance Of 800
feet, at which time the Ramsdeu lode
was fntersected- Drifting was then
prosecuted easterly and a body Of
quartz was followed which proved to
be a monster In order to determine
the extent Of the discovery the drift
was widened and from the hanging
wall to the fOOt-wall, II was found that
this mineralized body OF ore was from
thirty to forty feet in width. Out Of
over 100 assays which were had, the
stuff being taken from all parts OF the
workings, the lowest gave returns Of
S1O.5O in gold to the ton, while the
highest went as high as $50 in gold
TO the ton. In addition to this there
were good values in silver and lead.
A drift was then started westerly and
the ground has now been opened for
200 feet As great depth is being at
tained a good sized streak Of ore was
shortly encountered, and since then il
Cd IN -sv rr0Hf
measures from 4 = to feet in thick
ness. This is Of a smelling grade and
is worth in the crude on an aver
age Of $50 to the ton, carrying values
in gold and silver, with about 35 per
cent IN lead
As an evidence that the statements
OF the writer are not without founda-
ton, il might be weu to use a few
statements made by A L Stephens,
one OF the best known mining and
mill experts in the state OF Colorado.
Mr.. Stephens went through the prop
erty, made a careful examination,
measured up the ore reserves and re-
ported substantially as follows: In
all there is now blocked and awaiting
to be knocked down 100000 tons
Of the quartz matter. Estimating in
a conservative way, that the entire
body viii only average 81 to the ton,
and we have $7,0OO,OO0. With q mill
ing plant in operation this material
could be mined and milled at a cost
Of not to exceed $L4O per ton leav-
ing q balance Of S6,54O,OOO. Mr.
Stephens then deducted 10 per cent
which might possibly be lost in the
treatment Of the ore, leaving a net
surplus Of $5,S9O,OOO. Surely these
figures should speak for themselves,
as any one who has visited the work
ings is truly astonished at the mag
nitude Of the proposition All the
above figures simply cover the amount
Of ore that is now in sight, and not
what viii probably be uncovered in
the future with systematic develop
ment work. It does not include the
| streak OF smelling ore which is now
/ being followed in the west drift
Mr. Teagarden is the manager Of the
! RamsdelI company.