The Glenwood post., 1912-02-24
IVES ERN
MINING NEWS
Western Newspaper Union New. Service.
THE TREND OF METAL Pr
Colorado.
IN q r I z +

Colorado.
The Rockford mine in the Russell
district is said to have been placed on
2 paying basis.
AS the result of new strike in the
Lady Campbell property at Cripple
Creek ore worth $40 per ton is being
mined.
From Ironton comes news of a rich
strike of silver and copper. The
strike was made in the Joker level of
the Yankee Girl.
The Elkton company of Colorado
Springs, after paying dividends of
$225.OOO during 1911. have a cash bal
ance On hand of $4,000.
Work is progressing well in the
main drainage tunnel at Cripple Creek.
The flow is now 10000 gallons per
minute. About six feet day is being
made.
At a meeting of the directors of the
Cripple Creek Deep Drainage and Tun-
mel Company it was decided to con-
the past.
In the Black canon, twenty miles
east of Delta, a recent strike shows
gold values from $40 to $50 per ton. A
claims in that locality.
The Dyke lode in the Newhouss tun-
mel at Idaho Springs. which has been
under systematic development for
some time, is increasing its production
at rapid rate and is taking rank
among the leaders in the district
Since extraction OF ore was Com
menced, December 20, the Ell Mahdi.
in ouray county. has shipped four cars
Of high-grade silver ore. The exact
value has not been learned, but it Is
believed to run better than 5000 per
ton in carload lots.
February 20 a dividend Of $24,5O0 will
be paid to the stockholders, the Ell
Paso Consolidated Gold Mining Com
pany directors, at a recent meeing in
Colorado Springs, announced another
dividend will be paid in April.
The work of installing ten additional
stamps at the Atlas mill at Ouray has
been finished and within a short time
1t will be in operation. The present
force of thirty-eight men will be in
creased to fifty. The new battery OF
ten stamps will handle about 1,4OO tons
OF ore per month. ~
A strike Of importance has been
made on the Brooklyn claim on Bull
hill, Cripple Creek. At depth of for
ty feet, working through the tunnel,
ore has been encountered and sam
pie picked from the muck pile assayed
s33 per ton. The vein is about three
feet wide and the values are uniform.
In the South Burns property on Bull
hill, Cripple Creek, the biggest gold
strike thus far this year has been
made. A body of ore running as high
as $4,000 per ton has been opened. The
vein Is from three to five feet wide.
On both sides four-inch seam carry
ing the higher grade returns values of
from $32 to $212 gold per ton.
One of the richest discoveries made
in recent years in the upper Clear
Creek district, was at the Hamill
property on Mcclellan mountain What
is believed to be the Silver Stream
vein has been interesected. streak
of solid ore from four to six inches
wide having been uncovered that as
says 1000 ounces silver to the ton,
with fair percentage of lead.
At the Topeka mine in Gilpin county
a large amount of development work
has been done and the mine is des-
tined to become one of the best ship.
ping mines in the county. New ore is
being discovered all the time. On the
west side of the shaft an ore shoot,
SAG feet long, has been driven through
with the vein in the breast of the drift
five feet wide with values of $40 per
ton.
At the Little Emma mine on Demo-
crat mountain, in the Georgetown dis
tr1ct, bonanza discovery has been
made. In driving drift to undercut
a: old ore shoot found many years
ago, streak Of quartz and mixed ore
six to ten inches wide has been en-
countered and assays Of picked sam
pies show 900 ounces of silver to the
ton. The average return is 235
ounces silver to the ton. The shoot il
showing for $50 feet and the ground is
being stulled preparatory to starting a
stope. Regular shipments will COM
mence within thirty days.
The shaft at the Legal Tender mine
at Ouray is steadily going down. Up
to date no ore has ben encountered.