The Idaho Springs siftings-news., 1912-05-04
Colorado.

Colorado.
All the large mining concerns in the
Cripple Creek district are figuring on
changing from steam to electricity for
power.
Incorporation papers of the Belle
view Consolidated Mines and Power
Company, of Boulder, with capitali-
cation of $500, 900, have been filed.
The company is the owner of much
land in Gilpin and Boulder counties i'll
the Pactolus.
The present output from the Mont
rose on Ironclad hill. Cripple Creek,
is about three cars week, mined from
the third level, where a large ore
shoot has been opened sixty feet long.
Indications point to one of the best ore
bodies in the Ironclad hill section.
Robert G. Mullen, who made several
| fortunes from mining operations in the
| Cripple Creek district, has returned to
| Cripple Creek and closed a mining
deal which means immediate develop
ment of Bull and Ironclad hill proper
| ties and the erection of a large mill.
| Two shifts are at work in the west
| breast of the Cumberland drift, Ouray,
which has been advanced fifty-siX feet.
The ore streak remains about as oere-
! tofore, a solid shoot of over foot OF
| lead zinc, with an accompanying body
Of quartz. Until the roads permit
hauling timbers, no work can be done
| in putting in slopes. Four sets of
| leasers have commenced work. The
Revenue Leasing Company is employ
ing force of twentyseven men.
\ gold fever is sweeping over
southern Utah, sparsely settled as it
is. A report has just been brought
up the San Juan river that two Ca
nadians had found a spot on the
banks of the Colorado river. fifteen
miles north of Navajo mountain, at
the foot of the Linear plateau, where
gold nuggets the size of marbles could
| be washed out of the gravel and sand.
not far from the river, and few
days work nets over $1,000 in gold
The Colburn mill, on the estate os
the Ajax company, Cripple Creek, Is
| now treating daily 1875 to 13O tons OF
$500 ore from the mine and the dump.
Lessee Campbell, working surface
| lease known as block 13, is getting out
much ore which returns $50 to 500
| per ton. Lessessee Searles, working
on the first level, is mining good ore
and making fair production. The out
look at the Ajax is good and it is said
the mill is doing excellent work ard
saving the gold.
The presence in Gunnison of sew
eral American representatives of the
| Camp Bird Uimited) Company of Lon
| don, England, owners of the famous
| Ouray mine, and their examinations
of the Gold Links, Carter tunnel and
| Raymond mines, near Ohio City, has
| given rise to the report that the Eng
| ish syndicate will purchase these
| properties soon William J. Cox, man
ager of the Ouray mine and other Of
| ficers of the English company refuse
| 10 deny or confirm the report.
| A suit for 100000 damages has been
| begun at Central City by the Old Town
| Mining Company against the Pewabic
! Mining Company, Rees Co., and
| Matt Edwards, lessees, for ore taken
| from the Becky Sharp vein, owned Ly
| the Old Town company. The proper
! les are in Russell Gulch, Gilpln coun-
| ty, and the lessees have been working
| several years for the Pewabic Com
| pany, royalties being paid to its man
ager. The Old Town Company sunk
| A shaft on the Becky Sharp claim and
broke into ground being worked by
| leasers, who have been making big
money.
Mining men from the state and
many from outside, witnessed the
starting of the remodeled sylvanite
mill OF the Prussian Mining Company
at Rowena, Boulder county, which has
a new process of handling low grade
ore. If it proves the success the own
crs predict, it will mark the dawn Of
a new era of prosperity for the mining
industry of Boulder county.
A total of sl55,6s5 had been paid in
dividends by four Cripple Creek min
ing companies up to the end of April.
The Portland company paid one cent
share, amounting to 100000, April
18th; April 25th the Vindicator, con-
trolled by Denver men, paid three
cent dividend of $45, 900, and the Mary
Mckinney company disbursed $26,1S3.
At tWo-cents share. The Ell Paso paid
dividend of one-cent, amounting tc
s24.50O April 30th. The Portland,
which passed the~nine million dollar
mark with the dividend preceding chat
IF April, now has paid a total of So,
l97,0SO in profits to its stockholders.
This is in addition to large expendi-
lures for improvements, additional
property. etc. The great Battle mo III
tain bonanza has produced upward OF
1872 ,o0O, 900 to date.
Herman j. Reiling is in the Brecken-
ridge district, where he will open the
nlacer mining season with the Railing