Gilpin observer., 1912-11-21
Colorado

Colorado.
The Forbes mine, the largest pro
ducing property of the Chicosa Fuel
Company, located eighteen miles north
of Trinidad, has been purchased by the
Rocky Mountain Fuel Company.
The Joe Dandy mine on Raven hill,
which is operated by Ex-Governor
James Peabody, has been producing in
the neighborhood Of two and three
cars a week of ore which will run
about $50 ton.
The first positive proof of the exist
ence of radium-bearing ores near
Meeker was obtained when expert
ments made by c. E. Ross and j. H.
Fox, with ore from claims located by
Fox, showed the radium content.
ThrAa big strikes by sub-lessees is a
record made on the Ell Paso Gold King
property, the oldest gold producer of
the Cripple Creek district. The most
important of the three discoveries is
by Roerig & Marsen in a stope from
the fifth level, where the ore body
opened up carries values as hign as
s22560 in gold to the ton.
In the Virginia City mine, on Lin
coin mountain, near Georgetown, an
early day producer Of high grade ore,
body of smelling ore has been
opened that is ten to fifteen inches
wide and returns $145 per ton in gold
and silver. Leaser Roberts claims he
has caught the old rich shoot which
carried ore running as high at $500
per ton, with gold predominating.
With 127 coal mine owners. opera
tors and employees, from vice presi-
dents to miners, from Utah, Colorado,
Wyoming and New Mexico present and
nearly $50 applications for non-partici.
pating membership, the Rocky Noun
tain Coal Mining Institute was organ
lied with full quota Of officials in
the assembly room of the House OF
Representatives at the state house in
Denver.
More oil underlies the Arkansas val
ley awaiting development than has
been discovered in Texas and Louisi-
ana combined, according to Professor
l. K. Izkowitch, geologist and mineral
Ogist, who has returned to Denver aft
er six years spent in the South. He
declared he had explored the Arkan-
sas valley and that the oil belt was
ninety miles long, extending from near
Leadville to the Kansas line
What is declared by old-time mining
men of the state to be a second Grip
pie Creek has been discovered on the
east slope of the San Juan range, for
ty miles south of Creede, by George w.
Gilmore, a San Juan mining man, and
Carl H. Hook, a prospector, both of
whom have roamed the hills of Cole
RADIO for many years in the hope that
they might make a find that would re-
vive the gold boom in Colorado.
Despite the strike of September,
the third quarterly report of the Utah
Copper Company of Colorado Springs
show that 29,966,920 pounds of copper
ore was mined, an increase over the
preceding quarter of 1,5S1,527 tons.
The milling profit for the quarter was
S2,539, ,5S3.67, which, with additional
income, made the net profits $2,926,-
469.74. Dividends of s1,1s4,412.50 were
paid, leaving net surplus of $1,744..
057.24.
The Mcclellan mine on Leavenworth
mountain, near Georgetown, in idle
ness for thirty years until a few
months ago, is among the heaviest
shippers of that district. Pilz and COM
pany, lessees, are drifting on body of
solid smelling ore sixteen to twenty
inches wide, carload shipments Of
which returned 100 ounces silver per
ton. John Laffey, leasing on the
dumps. is shipping heavy tonnage
with net returns Of $10.50 per ton.