Gilpin observer., 1907-05-09
100000 DEAL
IS CLOSED
Potter & Lightbourn Dispose
Of Extensive Perigo Hold
ings to Denver People.
Property to Operate.

deeded to Justin K. Richardson, of
Denver, or rather the Six Day Mining
and Milling Co. who are operating
several properties in Perigo: North
Perigo No. 2, North Perigo No. 3,
Sunnyside Extension No. l, Sunnyside
Extension No. 2, lodes Perigo tunnel
and mill site in Perigo, and mill site in
Gamble gulch. Consideration 81, 900.
L. II. Potter and James E. Lightbourn
toJustin K. Richardson, for considera-
ton of s199, 10000 decided the following
property: New York lode, NJ. S. lodes
Nos. 2, 3, A, 5 and 6, Perigo No. 4, differ
ent Perigo lodes, Baker, Spruce, So,
Perigo, No.. 2, Perigo mountain, So.
Perigo No. 3, Perigo No. 13, Mammoth
No. a, mill site No. 1893 B, Mill site No.
39l B. thirty quick drop stamp mill,
machinery, houses, horses, wagons and
a good deal of other property pertaining
to this mining property, all situated in
the Perigo mining district.
Taking the above deeds of Potter and
Lightbourn in all make consideration of
5000, 10000. This deal was made last
week and now we can look forward to
the reopening of large group of mining
claims in the northern portion of Gilpin
county. 1t will be remembered that
this Six Day Mining and Milling Co.,
which Mr.. Richardson of Denver re-
presents, has been working differ
ent claims in the Perigo district for
several years past, and the acquisition
of the above property practically puts
them in possession of all the mining pro-
perty in Perigo The company expects
to start the mill up and furnish ore from
their own mines which will keep the
capacity u the mill taxed to it's utmost.
This mill and most of the mines conveyed
have been lying idle the past few
years.
In an article regarding the transfer
of the above properties, the Denver
Post in speaking of the development
contemplated by the new owners, Tues
day evening had the following to say.
This information was given out from the
head office of the company in Denver:
The most comprehensive organiza-
tion of New England capital and busi-
ness effort that has been made in North
'ern Colorado in many years has just
been brought about by the consolidation
of two important mining estates in Gold
Dirt district, in the northern division of
Gilpin county. 1t will Immediately erect
large electric power plant at Pactolus,
two miles below Rollinsville, to be run
by water through pipe line connect
ing with Manchester Lake and south
Boulder creek, which is already built.
This plant will furnish lights and power
for the various mines and tunnel covered
by the consolidation, which has taken
the clothesline title of the Perigo and
Six-Day Mining, Milling, and Power
company.
'One of these days when the conditions
warrant, an Sx10 double track tunnel
commencing at Rollinsville aud running
to tip top, distance of Is, 900 feet, will
be driven for the purpose of draining
and permitting the economical develop
ment of all the mineral veins along it's
course, including those Of the owning
corporation. 1t will be equipped with
electric lights and cars drawn by a
Jeffray motor. The property merged
is that of the Six-Day group and the
somewhat famous Perigo combination
adjoining comprising forty-fve claims
lover 400 acres), four millsites, two re-
duction mills, the capacity of the Perigo
being 100 tons and that of the Six-Day
twenty-five tons daily, and all the build
ings, machinery and other rappurtenances
of the two concerns. The deal was
bought about by the Boston capitalists
who have for some time been operating
the Six-Day groupe. The general man.
ager is Frank Seaman, formerly a pro-
tege of the late Senator H. A. W.
Tabor.
"The long tunnel will cut the Noun
tain Monarch, Penobscot, Gold Dirt,
Perigo and Six-Day groups at max
imum depth of 1000 feet. Laterals can
be run if desired to Gambell and Moon
gulches, and thereby develop another
belt of valuable lodes. Along its line
the veins have been proven up by at
least a dozen shafts, which with what il
known of the Perigo, Gold Dirt and Six.
Day developments, forms the incentive
for the merger and the large expendi.
lures contemplated"
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