The Glenwood post., 1912-02-17


THE TREND OF METAL PRICES.
Lead. % per Observation-Disclosures 100 lbs. s.ssH
sps1tsr. per 100 lbs. ............ G+s
Colorado.
The McKelvey mill at Idaho
Springs is now being successfully op-
Grated.
The Golden Cycle, Cripple Creek.
paid dividends on February l amount
ing to $4,000.
There is more snow in the Argen-
tine district than at any time during
the last six years.
Men who never before sought gold
are now panning the yellow metal
from the creeks near Denver.
| The Roosevelt tunnel at Cripple
Creek was extended 200 feet in Janu-
ary. The flow is now $500 gallons per
minute.
The January output of the Ell Paso,
Cripple Creek, was 13O cars. The aver
age price for the ore was $25 per
ton.
The January output from the Tril-
by mine on Bull hill, Cripple Creek,
totaled thirty-two cars Of milling
grade ore.
The Russell mine in Gilpin county
has been unwatered and the property
will now be thoroughly explored. The
main shaft is down 500 feet.
The American Eagle mine on Bull
hill, Cripple Creek, there were sent
out during January Is cars of ore that
returned from $40 to s257 per ton.
The Gold King group of four claims
in the Jackson and Ohio mining dis
tricts have been decided to the Gold
King Mining Company for $4,000.
From the Forest Queen mine on
1ronclad hill, Cripple Creek. during
January, fifteen cars OF ore were
shipped which returned $40 to $50 per
ton.
In the Mary Mckinney mine. Grip
pie Creek, vein of rich sylvanite
ore six inches wide has been struck.
1t will run from $12O to $140 in gold
per ton.
From the Pride of Cripple Greek,
where the strike was reported few
weeks ago, there have been shipped
thirty cars which returned from $500
to $4Oc per ton.
The Cresson company at Cripple
Creek shipped about 1000 tons Of ore
during January. which run about $25
per ton. This is the usual output
from this property.
The sixth quarterly report of the
Utah Copper Company of Colorado
Springs for the last three months of
1911. shows total net profit for that
period of s2.157.011.4s.
The American Star Mining and
Milling Company of Boulder, a con-
cern which proposes to do a general
mining and milling business, has been
incorporated with $4,000 capital.
A drift being run on the Seven-Thir-
of ore five to eight inches wide and
from which recent shipment re-
turned $50 ounces silver per ton.
An assay for the Wanakah Mining
|
half mile below Ouray showed that
a large breast Of ore, already in sight.
runs between $40 and $50 per ton.
The new Portland mill at Cripple
Creek worked full capacity and treat,
ed 10000 tons of ore during January.
The Golden Cycle treated 33,7OO tons.
the heaviest tonnage in its history.
Work is well under way on the
cross-cut run to the north to the end
of the old shaft left on the 475-foot
level of the Los Angeles shaft. Grip,
pie Creek and good ore is being
mined. One car, recently shipped, re-
turned over $4,000.
The Prudential tunnel on Republi-
can mountain, Georgetown, is show
ing scattering minerals and the out
found with the cutting of the hang
ing walls.
A fine streak of gray copper, four to
ten inches wide, has been uncovered
in the drift being run on the east ex.
tension of the Pay Rock, Georgetown.
Assays show $50 to 220 ounces silver
to the ton, with heavy percentage of
| lead.
The Mary Eta property on McClel-
Ian mountain, Georgetown, is the
scene of the most important discovery
of the year. A vein has just been in
tersected by the cross-cut tunnel and
a streak of ore is showing on the foot
wall three to five inches wide and
which assays show to be worth 1900
ounces silver to the ton.
The Baker mine in West Argentine
is the scene of q rich strike, body