The Idaho Springs siftings-news., 1911-12-23
WESTERN
MINING NEWS
Western Newspaper Union News Service.
THE TREND OF METAL PRIC1
Colorado.
IN q r Z =

Colorado.
The Golden Cycle property at Grip
pie Creek is said to be in better con-
dition than for years. The value OF
the property is now placed at So.
O0O. 900.
Richie Hughes and company made
shipment Of eight cars, or sixty-five
tons from the Federal mine in Gilpih
county, that gave returns Of from $50
to $65 a ton.
Ten men. selected from the miners
employed on the Portland. Cripple
Creek, have been given their first les
son in the use Of the helmets and
other rescue apparatus just installed
by the company.
A wonderfully rich strike was made
on the 2O0-foot level south OF the main
shaft OF Stratton's Independence mine.
at Victor, where twenty-one feet of $40
ore was opened. The shoot gives
promise of being one of the richest
opened there for years.
The Pittsburg mine in Gilpin coun-
ty has been a payer for a number OF
years, and from the present outlook
will be for years to come. During the
last week shipment of ore was made
that gave returns of 9.34 ounces gold,
7sO ounces silver and 10 per cent
copper, or over 5000 ton.
A strike of considerable magnitude
has just been made at the American
Sisters mine. situated on Columbia
In Sinkinp
the Headlight shaft streak OF ore
has been encountered and assay tests
show values of 725 ounces silver. one
and one-half ounces gold and &c per
cent lead.
Alderman Frank Gum, operating a
lease in the Moose tunnel. Cripple
Creek, has opened good ore at point
about 1900 feet from the portal Of
the tunnel and at a depth of 400 feet.
1t is strong vein and grab samples
assayed as high as $50 per ton. A
winze is being sunk and in depth OF
twenty feet values are holding up
well.
A new flow OF 500 gallons minute
has been opened in the main heading
of the Roosevelt deep drainage tun-
mel. The heading is now about three
miles from the portal and about a
mile and a half from the intermediate
shaft. The average bore per day for
the last month was eight feet, being
a new tunnel record with only one
shaft.
Water is receding in the Mary Nc
Kinney shaft, on the west slope Of
Raven hill, Cripple Creek, at the rate
of four and one.half inches each twen-
ty-four hours. There remains about
seven feet on the station at the eighth
level. Indications are that work will
be resumed on this level before the
first Of the year, even if it be neces-
sary to start the pumps.
Pike & Co, who have the record Of
operating successful leases on the
Matte and Old Town mines, have Sc
cured an option on the Victor, Central
and Wenlock veins in Bellevue noun
tain, Idaho Springs. They are putting
in an electric plant OF machinery and
as soon as completed will sink the
shaft to the 5OO-foot level. They will
also drive drifts at each 100 feet to
open the ore bodies which are known
to exist. The lessees are driving the
tunnel levels which will cut some OF
the veins at the 500-foot level and will
make connections with the shaft, thus
affording excellent ventilation. The
property has never been thoroughly
prospected but from the surface some
very rich ore has been mined, showing
values from 500 to $500 per ton.