The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1909-08-24
GREAT RECORD
OF La ROSE GO.
MORE THAN TWO MILLION PAID
IN DIVIDENDS SINCE LESS
THAN A YEAR AGO-NOW HAS
MORE ORE THAN EVER.

Authorized capitalization 1,5O0,-
900 shares, par SIS. $7,500.000. Is
sued to July 20, 1909, 1~,497,629
shares.
The La Rose Consolidated Mines
Company owns all of the stock of the
La Rose Mines Co. Limited, and all
of the stock of both the Lawson
Mine, Limited, and the Violet Min
ing Company. The La Rose Mines,
Limited, owns the following claims:
La Rose, Fisher, Princess, La Rose
Extension, Eplett, Silver Hill.
1t also owns SO per cent. of the
capital stock of the University Mines
Limited.
Cobalt is today the greatest silver
camp in the world. In less than
foul years has shipped $1,000 tons
of high grade ore and is today pro-
ducing at the rate of fully 10000
600 ounces of silver per year. This
production is o~ne-seventh of the en-
tire silver output of the world. In
1908 the camp produced one-tenth of
the worlds silver. 1t may be stated
that Montana. our banner silver pro-
QuIihS otdtC, ShCluCd 10 1.-Two L.
51S,913 ounces; Colorado 10.161,-
31S ounces and Nevada 9,322,S2S
ounces, and that Cobalt is today pro-
ducing as much as these three states
combined. The yearly production
from the camp has been as follows:
1904, $136,217; 1905, $1,4S9,570;
1906, $~3,573,90S; 1907, $6,476.555;
1908, $4,000, 900; (Estimated)
1909 $14,000,0OO. Total $%35.172,-
$50.
More than $4,000, 600 has been
regular shippers and this amount
from an area less than three square
miles.
The property of the La Rose Con-
solidated Mines Company, consist of
$50 acres, $40 miles north of
Toronto.
The La Rose Mine, which was the
first property to be discovered in the
camp, is located in the heart of the
proven silver district and has now
taken its place as~eRe of the two
largest producers. The main vein of
the La Rose has produced consider
ably over $2,25O,OO0 and is the most
extensive single development in the
camp.
La Rose Extension comprising 40
acres, adjoins the La Rose mine to
the north. It's territory is practically
undeveloped and unprospected. In
addition to the geological formation
being attractive. there is the pos
sibility of encountering on this terri
tory the rich veins of the adjoining
properties. This area should prove
valuable with development.
The Princess property consists of
II acres and lies south of Cobalt
Lake adjoining the McKinley-Dar-
ragh. This area is we'll mineralized
and is a very promising development
of the La Rose Consolidated. At the
1875 foot level of the Princess a 3h
inch vein, on which drifting is now
going forward, carries $3.50 ounces
of silver to the ton. This property
has just commenced shipping and it's
production will add materially to that
of the Consolidated Company.
Fisher, Eplett and Silver Hill,
properties are we'll located within
bhC SI1fCI ditd DuL luItuGT uettlOD-
ment will be necessary to demon
strate their value.
The University property is now be-
ing developed in connection with the
Lawson. 1t is we'll located on Giroux
Lake. Many carloads of ore were
shipped from the mine by the orig
inal wners On vein No. 4, which
has been located since the acquisition
OF this property by the Consolidated
Company, a shaft has been sunk to
a depth of 95 feet and a drift at
this level has blocked out an i'm
portant body of very rich ore.
The Lawson Mine was tied up in
litigation for a number of years, but
has recently been taken over by the
La Rose Consolidated Mines Com
pany. The Lawson is conceded to be
n of the most valuable pieces of
ground in the camp. The systematic
development of this property began
last May and today Is excellent silver
bearing veins have been uncovered.
"A two compartment working shaft
is being sunk, at the 88 foot level
of which a station has been cut and
drifting begun on the vein. Although
the development work to date has
been largely on the surface the Law
son bids fair to become one of the
most valuable mines in the entire
camp. On this property is found the
famous Silver Sidewalk" having a
surface showing for over 600 feet of
native silver ranging in width from
~ to 20 inches. Over 400 feet of
silver plated veins are now un-
covered.
The total disbursements of the La
Rose properties, since mining opera
lions first began, including the last
dividend, declared July goth, 1909,
amount to $~2,134.094. OF this sum
$~1,204,862 were profits shared by
the original owners prior to the con-
s%olidation, May 31st, 1908. The
dividends paid by the La Rose Con-
solidated Mines Company have been
az follows.