The Elk Mountain pilot., 1911-09-07
8Tea N
MINING CNEWS
Western Newspaper Union New. Service
THE TREND OF METAL PRIC
Colorado.
IN . \ ! z ?

Speiter ................ 5.S6
Colorado.
The output from the Maggie mine.
on Raven hill. Cripple Creek. is hold
ing up well. This mine recently paid
. dividend Of $1,000.
McCluskey L Williams. of George
town. have opened . body OF solid
smelling ore eighteen inches wide
which assays 314S 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-
ta mine on Republican mountain.
Georgetown. have Just sent out \ car
load OF zinc which is expected to re-
turn fifty-five per cent zinc and thirty
five ounces silver per ton.
Iessees working the tailings dump at
the old Rosebud mill on Rosebud hill.
south Of Cripple Creek. have shipped
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 q 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 shutdown OF four weeks 20 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.
The Capital mine is fast taking rank
as the heaviest producer in Clear
Creek county. The first strike was
made by Henry Holcomb & 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 $500 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 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 81 900 gold per ton. besides the
high silver values. The discovery was
made $50 feet from the portal OF the
adit and II 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 vein OF ore fich IN
gold which is seven feet wide and OF
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
a mill this summer at a cost OF $4,000
to handle the low grade ore found in
veins cut by the tunnel, but now ore
much too rich for milling has been
discovered and 1t will be smelted.
The New System mills and Mint
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 Charles
Straub. A full for0 Of men is EN-
ploysd with machine drills.