Gilpin observer., 1911-03-30
w e STERN
MINING NEWS
The Trend of Metal Prices.
Colorado.
I N q r ! e r


The American Eagles mine, operated
by the Colorado Mines & Investment
Company, Cripple Creek, will ship
about fifteen cars this month, the ore
running about $40 per ton.
The Portland mill at Cripple Creek
is to be enlarged from 45O tons to 700
tons capacity, in order to handle not
only the waste rock from the mine,
but some of the dump ore.
The JoDandy shaft, Cripple Greek,
is to be sunk another 500 feet. The
machinery will be overhauled and
preparations made for working the
main 10 Dandy vein below the pres
ent levels.
The annual report of the Wellington
Mines Company at Breckenridge
shows a gross production for the fis-
cal year amounting to $17S,340. The
total expenditure was $4,000, leaving
a net profit of $5S,000.
The Lady Campbell Mining Company
owning a claim on Womack Hill, Grip
pie Creek, has leased to Jeremy Mack
ey and associates the south half of the
Abbott claim, in which eighty feet
from the surface big shoot has been
encountered from which ore valued at
$49 per ton is being shipped.
Roberts and Company, operating the
San Juan mine, through the La Crosse
tunnel, Gilpin county. are pushing the
production from the mine and keeping
thirty stamps dropping in the Avon
mill,which is connected with the prop
erty, which makes is possible to han
die a low grade ore at small mar
gin.
Newt. Pike and his associates of Ida
no Springs are still on the top cres.
of the mining waves and are turning
out with wonderful regularities theit
shipments. Their last consisted of a
car load of ore that yielded S1,0S4.SG
while a car of concentrates brought
them $5612O. Their lease is in the
Old Town.
Semmens and company, operating
the Baker lode on Quartz hill in Gilpin
county, settled for the following ship
ments during one week: fifteen tons OF
smelling ore brought returns of three
ounces gold to the ton, and thirty tons
of mill ore brought returns of $12 a
ton. The smelling streak will average
ten inches in width, with two feet Of
mill ore.
]. H. Frank Smokey, who recently
purchased the Converry lease on the
Aetna vein, Georgetown. has started a
shipment of 400 tons of mill dirt. The
product will be sent to the Capital
mill for concentration and a high set
tlement in gold values is expected.
The ore is worth in the crude from SIS
to $22 to the ton in gold and silver.
Work on this block of ground is be-
ing prosecuted through raise No. OF
the east drift, a body Of steel galena
being exposed for length of forty
feet that brings a mill settlement OF
$50 to the ton in gold. silver and
lead.
H. Holcome and company. leasing
at the bottom of the fifty-foot shaft
sunk on the Aetna vein from the level
of the Capital tunnel, Georgetown,
have shot into body of ore that is
four feet wide that shows assay val
ues of 112 ounces in gold and APO
ounces silver to the ton. The discovery
was made in the east drift and indica-
tions are that one of the best strikes
made during the present year in the
Georgetown district will shortly result.
These operators control a block OF
ground III feet long and within the
next thirty feet of driving the heading
of the drift will cut under an old ore
shoot that carried values of eighteen
ounces in gold and twenty-three
ounces In silver to the ton.
The Golden Gate tunnel on Quartz
hill in Gilpin county. is now in dis
tance of ninety-four feet. II is cross
cut tunnel to cut the Golden Gate
shaft. from which ore has been ex
| tracted as high as $500 ton.
The Comet lode on Gunnell hill, Gil
pin county. operated by A. Most is hav
ing the shaft timbered safely for a
depth OF fifteen feet, and when this
work is COMPLETED 1t is the intention
to put up shaft building and install
a gasoline hoist.