The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1912-04-26
OUTLOOK BRIGHT
Local Stockholders Elated
by News from Mine

The Lake Superior & Nevada
Development Company holds its
annual stockholders meeting in
Duluth, April 30th at O'Clock p.
m.
Word comes from Arizona that
one of the most up-to-date cyanide
mills in the state has been erected
by this Duluth Company during
the last ten months at the Arizona
Mascot Gold Mine in the Crown
King district about four miles
southerly from Crown King. This
mill, which is equipped with the
most standard machinery and ac-
cording to the very latest mill
practice, is now completed, the
first ore having gone to the mill
March 10Th. But owing to some
minor changes with the slime filter
and one or two pumps, the manage
ment does not expect regular pro-
duction of gold until about the
middle of May.
Many prominent mining men
who have inspected this plant have
pronounced it one of the finest of
its kind, both as regards the power
plant and the reduction mill proper.
The ore is ground to 200 mesh
and cyanided. The whole plant is
electrified. The electric generator
being driven by ESQ h. p, crude
oil De La Vergne Engine. The
crude oil in that district costs 81
cents per gallon and the company
is producing power at cost of
from $50 to $35 per b. p. year.
1t is understood that the ore re-
serves blocked out at the Mascot
will run the new one hundred ton
a day mill for a period of two
years, and the workings in the
mine are in good shape to supply
the mill with fine grade of milling
ore up to its full capacity and the
company expects handsome profits
from this property not later than
May or June this year.
The management of the Lake
Superior & Nevada Development
Company has always been very
progressive. A comprehensive
program of development work is
now mapped out for the coming
year, which is calculated to in
crease the value of this mine many
times over.
In the near future the main
working will be sunk another 900
#. and a new level will be cut at
every rs #. From this additional
depth 1900 #. crosscut is propos-
ed to be ruin westerly, the object
being to tap several additional and
large ore bodies that are shown to
exist and which run parallel with
the main Mascot vein onwhich the
present ore reserves are blocked
out.
This Company also owns three
other mines. The Nevada Mascot,
a gold property, situated at Cold
field, Nevada, the Big Blue, cop
per, lead and silver mine at Ida,
Nevada. Very fine ore is shown
up on this property and the COM
pany expects big mine at the Big
Blue when some additional work
has been done. The company also
owns the U. S. Grant gold mine
situated on the mother lode in
Tuolumne County, Calf. This
property is equipped with small
but modern stamp mill. A watch
man is taking care of the U. S.
Grant until work can be resumed
again. There has been no work
done in the last three named pro-
perties during the last year and a
half as the company has concen-
trated all its efforts towards getting
the Arizona Mascot producing.
The Arizona Mascot gold mine
is situated in a district of old and
historic producers. The ore bodies
in this district are known to be
permanent and invariably increases
in richness and size with depth.
There is no doubt but what this
company has a bright future. It
owns four valuable mines. Two of
these mines are now equipped with
modern mills, and it is the belief of
many investors that the Lake Su-
perior & Nevada Development
Company's stock will be at least
worth double it par value before
the summer is over. Local stock
holders are naturally very much
pleased with the success of their
company. Much stock is held in
this city. Al. Kolstad is one of