The Owyhee nugget. ([Silver City], Idaho) 1905-1984, 1910-02-17

We are informed by w. IL. Waldron
that by the 10th of next month all in
debtedness of this company will be paid
and that at least $4,000 per month will
be expended in driving the tunnel that
WAS started to tap the ledge at great
depth. AS this company has a very rich
property which only needs proper de-
velopment, there is nothing to it'' hut
to push the development work to com
pletion and they will have good pay
ing mine. This company has been
financed by Pittsburg and West Virginia
capital. The mine is located on the
northwest side of Florida Mt. and is in
the immediate vicinity Of the rich Trade
Dollar property.
RICH GULCH MINING CO
Located on the west side OF Florida
Mountain is one of the most promising
mining properties in the district, known
as the Rich Gulch property. For sever
al years continuous development work
has been going on and gigantic ledge
of over 80 feet in width has been dis
covered and developed, which gives
general average of values over $40 to the
ton in free milling gold bearing ore.
A tunnel in the upper workings has
crosscut this vein at depth Of 300 feet,
and the vein carries good values from
wall to wall, in some parts being very
rich, and in all parts being good milling
ore.
A tunnel is now being driven to cross
cut the ledge 700 feet in depth lower
than the upper workings. This tunnel
will be 5000 feet in length and will cIt
the ledge at depth Of 1000 feet below
the outcroppings. A power plant with
all the modern machinery necessary for
successfully driving the tunnel has been
installed and the work is progressing
rapidly. Mr.. A. f. Stevens is superin-
tendent and William Williams foreman
of this property, and for several years
they have been quietly Saving wood
and saying nothing" but have never
missed pay day. This company is
fully financed and no stock is for sale.
WENNERSTEN MINING CO.
Another good property on Florida
Mountain is the Wennersten, on which
work will be resumed in the near future.
Mr.. Morgan, the manager, has succeeded
in raising sufficient funds to insure con-
tinuous work on this property in the
future and the mine will be fully devel-
oped.
FLORIDA MOUNTAIN M. co.
At meeting of the directors held on
Nov. 18th, 1909, the property of the Pay
master Gold Mining Co., and other
properties was taken over by the Florida
Mountain Mining Co giving this COM
panY large amount Of good mining
claims which will be vigorously worked
this season. This consolidation makes
one of the biggest gold propositions in
Idaho.
66e Dewey Homestake Mining Co.
This well known property is situated
about IL mile from Silver City to the
north and when developed will be one
of the richest bonanzas OF the west.
Work will be commenced as soon as it
is possible to get the necessary machin-
cry to the mine and installed. Large
bodies of ore are known to exist on this
property and its future as a great mine
is fully insured.
The cooperative Mining and
Development Company.
Located near the Democrat divide,
few miles north of the Homestake is the
property of this company which is now
being developed by driving a deep cross
cut tunnel to tap at good depth the
body of rich ore encountered in the
shaft sunk on the vein. This property
was known as the Gold Nugget Group,
The Star Group, The Caldwell Group
and The Jumbo Group.
The main part Of the development
work is being done on the Gold Nugget
group and excellent progress is being