The Owyhee nugget. ([Silver City], Idaho) 1905-1984, 1910-01-20

proposition 10 not one niue Debb6I bilhu
this, and doubt if it is as good. look
for the time in this state when the peo
pie will begin to realize what resources
they have here from mining etand-
point. What the owners OF this pro-
perty have learned to day is enough to
make any mining man feel iubilant. The
Dewey Homestake will develop into one
of the biggest gold mining properties in
this western country. We have the
goods there and we are going to deliver
them
HEAVY VALUES SHOWN
''It may be interesting to note that
the average sample taken showed value
of $633.95. We went around this dump
and picked mp samples promiscuouslv
and the TACT that the average shows mp
80 well is proof positive that the property
is good one. Some, indeed, went as
high nearly as $1,000 in gold and silver
The first assay taken showed 40.64 ounces
in gold with value Of $840.O9 and 272.-
66 ounces of silver with q valuation of
$l36 33, making total Of 1915 AZ. The
other ASSAYS were much tine same and
We were so pleased and surprised with the
discovery that we have decided to begin
operations Immediately.
"The property is located about a mile
and one-Quarter from the Trade Dollar
in the Silver City district. At the pre-
sent time there is only 30 foot shaft
and tunnel in 200 feet. The one thing
which makes every miner who has seen
it look with wonderment is the outcrop-
ping which shows vein 80 feet wide
and which averages $l2 ton. II is our
plan at this time to carry on most ex.
tensive campaign OF development. we
are not going to do any mining, but we
are going after this property right, and
when the ore is blocked out and we are
in a position to mine as it should be
mined, we will then chow some of the
skepitical ones what we have within the
state OF Idaho.
"Our plan at the present time is to
drive the tunnel, which is in now 200
feet, about 200 ieet further, to tap the
ledge at 1886 feet below the bottom Of
the shaft. When this is done we will
continue the tunnel another 200 feet
and tap the big ledge at depth OF $50
/ feet. We are fortunate in being but a
few hundred feet from the Trade Dollor
power line and we are making arrange
Inrnts now to install compressing
plant and drive as rapidly as possible
this tunnel. We know that the ore lie
there in large quantities and we are
going after it.
"The original owner of the property,
| George Setback, has had the mine for
some time and he is we'll known in that
district. @ A. Rannacker and myself
were asked to visit the property lsst
fall and we finally did so with the result
that we Immediately got busy q. W..
Fletcher, q. A Rennacker, George Sch
lack and myself are now the sole own
ers. l have been down to the jarbidge
district, and while it looks good and
no doubt there will be big rush there
in the spring, l know that this Silver
City proposition will be one Of the big
gest things which has been discovered
in recent years.
MANY COMPANIES FIGURING
mot only will we carry on a campaign
of development to learn definitely the
resources of the property, but we know
of several companies right now which
are at this very time getting into shape
to start activities in the spring. When
the investigation was made by RennEck-
er and myself in the fall we were much
! impressed naturally with the showings,
but when we received the assays today
and began to realize what the PROPOSE
ton really meant we were dumfounded.
81 look to see the working Of this
property revolutionize, as it were, the
Silver City conditions. have realized
for a great many years that Idaho had
mines as rich as any in the west and al
so figured that some day the people Of
4 this state would be fully awake to the
possibilities. This talk about Nevada
with its wonderful possibilities and al
most unprecedent strikes does not sound
80 good when you can find something
close to home which is as big, and in
fact bigger, than 80 per cent OF che
Nevada propositions.
The equipments for the compressor
will be on the ground very shortly and
by early spring the development OF the
Dewey Homestake mine will begin"