Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-12-19

md the dividends will prob
ably amount to .....a.....S 3,500.000i
CoEuR D'ALENEs DISTRICT.
The majority of the. big mines in the
occur D'Alenes were shut down during
4 the early months of the year through
lack Of market for their product but
with n revival in prices, resumed ops
eratlons during the spring. and all the
principal producers have since been
operated continuously but not with
the same heart and vigor as during 1907
Ths is true of most of the Coeur
ID Alene producers, excepting the Bunk
er EIill$& Sullivan which has developed
such extensive resources of lligh-glade
mineral in its bottom levels as to be
Indifferent to an ordinary depression
in metal values, and has kept right on
during the panlcky times producing
1000 tons of ore a day with one eight
hour shift IN the mine, and has re-
Gently added a new mill unit OF 500
tons per day to its already large plant,
which is shortly5to be Increased to 900
tons. This will give the property d
milling capacitygof 1000 tons a day.,
While good many of the newer
mining development enterprises in the
Occur D'Alenes. which We're put out
Of business by the scarcity Of capital
due to the panic OF last fall, still re-
jllttlll lti10, l4lG1l!
ned with reduced forces with their le-
Selopment operation, ind half a doEetl
important strikes have been developed
during the year that, seem to warrant
The anticipation Of new and lasting
sources OF shipping ore, and on a whole
this famous district Is in a healthy
condition to supply any demand that
may be put upon 1t by the improves
;nent OF general business conditions and
subsequent metal values, with q pros
pect OF maintaining its present import
ant position as an extensive producer
of rich lead, silver and copper ore FOR
years to come.
ely CITY DISTRICT.
In central Idaho, the Elk city dis
.trlct has received considerable atten-
lion from mining investors during the
year, and some very promising gold
properties are being developed and
equipped In that section, among which
the Buster. mine has reached a stage
of profitable production, and has been
successfully operating 10 stamp mill
on q 10 foot vein ,of high grade gold
ore for the past IL months
The Elk City district was first noted
for it's placer deposits which have been
largely exhausted, excepting some deep |
channel placers and flat dredging
ground. Its general formations are |
granite Rrleiss with porphyry dii1es and !
replacement assures OF quartz, contain |
ing strong shoots OF gold ore associat-
ed with iron pyrite at comparatively !
shallow depth, and occasional lunches
OF high grade petite, a black telluride
OF gold and silver.
The district also has some immense
zones Of altered porphyrtic ganEue,
carrying low values IN gold from 81
to IS, which, with sufficient capital and
close Intelligent handling, are likely |
10 yield mines Of the Treadwell or
der. The district is one OF imminent /
as q new source of gold. and |
Is we'll worthy. Of the attention ii is !
now attracting from mining investors.
SILVER CITY DISTRICT.
Tho banner gold AMI silver milling
ore district, of Idaho is that of Silver
City in Owyilee county, near the south
west corner o E the state, whose prop
critics have not been seriously affected
by the recent financial disturbances,
and have continued to operate at full I
throughout the year They
have suffered some, of course, in the
depression OF silver values. as silver is
ono or their principal products but
have Kept constantly at work and em-
ploycd large force of men,
Tho silver City district has been
producing for Do years, and
during that period has yielded gold
ana silver values to tho total amount
of s600O0,000, its source principally d.
yided between the War Eagle mines,
the Florida mountain mines and the
original Delamar mine. OF these the
Trade Dollar Consolidated vein, a mar
row assure traversing Florida molln-
tain, has been the most profitable single
operation, and Is still employing a force
pon ,1rsv lnp,e
ton This property Is developed by
adit tunnels. the longest and lowest
one being over two miles in length I
and traverses the vein at a vertical
depth Of 1,7Oo feet below its apex. The
Trade Dollar has produced $2O,O00.0Oo
during the past II years, OF which fully
SIT, 100000 have been returned to the
stockholders in the form Of dividends
while the original Delamar mine near
by has produced s12,00O,00o. Of which
about $a,G00.000 has been paid in div1-
bends, and the narrow flssures OF War
Eagle mountain are credited with an
output OF s25, 600, 900, and the placer de-
posts Of the district sS000,000.
The newest property Of this district
to bid for popular favor Is the Potosi
mine, whose vein system traverses the
group that was cl1lorided to shallow
depth In the early days, and remained
idle for go years until about three years
ago. when it swas acquired and re-
by Mr.. w. f. Summercamp.
OF Weiser, idaho, and has since been
undergoing development with remark
ably interesting results. The mine is
opened by a shaft 800 feet deep, from
which, three levels have been run, and
a rich resource OF ore developed that
Is showing similar proportions and
values of ore, to the ground opened.
rs Is exhibited by its famous neighbor,
the Trade Dollar. The most recent de-
in the bottom level has res
vealed some remarkably rich native
gold ore.
The property has recently been
equipped with mill of 20 tons daily
capacity which is now being success
fully operated and supplied with ore of
an average value of $50 per ton, from
which a ssaring of 80 per cent is being
made, and the future of the mine. as
Il very Important producer of gold and
silver, seems definitely assured for a
series of years.
In addition to this property half
dozen other new development enter
prises have recently been undertaken
in this district, each of which mas
installed air compressor plants and
S running long tunnclsc to cut their
respective veins at very considera BILE
depth. These new plants are all to be
driven by power supplied +