Gilpin observer., 1911-09-07
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MINING NEWS
IN 3 r ! Z ?
western Newspaper Union News Service.

THE TREND OF METAL PRICES.
Silver ..................$ .52A
Leau .............. 4.45 90 4.55
SopHeL '''.'............ l2.zo ~ 1Z.5O
opeAeef ''............... b.S5
Colorado.
The output from the Maggie mine,
on Raven hill, Cripple Creek, is hold
ing up well. This mine recently paid
a dividend of $4,000.
McCluskey G Williams, of George.
town, have opened body of solid
smelling ore eighteen inches wide
which assays $145 per ton in gold and
silver.
e. L. Wolcott, assistant secretary
Of the American Mining Congress,
whose national headquarters are at
Denver, is in Ouray to discuss securing
government aid in establishing an ore
testing station in the San Juan.
Grace & Co., leasing on the Gambet-
ia mine on Republican mountain,
Georgetown, have just sent out a car
load of zinc which is expected to re-
turn fifty-five per cent zinc and thirty
five ounces silver per ton.
Lessees working the tailings dump at
the old Rosebud mill on Rosebud hill,
south of Cripple Creek. have shipped
forty-eight tons Of rock that returned
SIS per ton. These tailings have lain
in the open fifteen years and only in
the last three months has any work
been done there.
The Gold Trio Mines Company, own
ers of the Grizzly Bear group, on Bear
creek. Ouray, contemplate the con-
struction of a one-mile train to con-
newt the mine with the Uncompahgre
river and millsite thereon; also an air
plant for the operation of air drills.
This company owns nearly a mile Of
the Grizzly Bear vein.
Work is again in full swing at the
Santiago mine, in East Argentine, aft
er a shutdown of four weeks TO per-
NIT thorough sampling of the proper
ty. Operations will be carried for
ward on the five upper levels, where
great bodies of ore are exposed. A
heavy tonnage is being marketed and
excellent returns are realized.
AC Sdpltdl l1llhC 10 looI lohih6 iohA
as the heaviest producer in Clear
Creek county. The first strike was
made by Henry Holcomb G. Co. in the
bottom of the winze sunk from the
tunnel level on the Aetna vein. The
streak is sixteen inches wide and re-
turns $3.50 to $3.50 per ton in gold,
with some silver, copper and lead. The
ore shoot has been exposed for fifty
feet and heavy shipments will be start
ed soon.
A bonanza discovery has just been
made on the Frisco property, on
Wod mountain, in the Daily district.
In cleaning out an old adit driven on
the vein a body of decomposed black
sulphuret ore two feet wide was discov.
cred an the hanging wall that shows
much free gold and miners believe 1t
will run 81 200 gold per ten, besides the
high silver values. The discovery was
made $50 feet from the portal of the
adit and If the shoot extends to sur.
face a small fortune will be extracted.
The ground is being explored with a
view Of determining the length of the
shoot
What is believed to be the best gold
striek ever made in Gunnison county
was made recently in the Carter tun
enl, on Coal creek, four miles from
Ohio City. 1t is a vein of ore rich in
gold which is seven feet wide and ol
unknown extent. Carter tunnel Is
about mile long and in the last six
year the Carriers have spent over a
million dollars looking for pay ore
They are considered the ablest miners
in Guunison county. The Carriers built
mill this summer at cost of $75,00C
to handle the low grade ore found in
veins cut by the tunnel, but now ore
much too rich for milling has beer
discovered and it will be smelted.
The New System mills and Mini
mine, of Empire, which was formerly
operated under lease by Mr.. Temple Of
Denver, is now being worked by the
New System Gold Mining COMPANY
under the management of Charlie.
Straub. A full for0 of men Is EN-
ployed with machine drills.