The new era., 1912-02-29
WESTERN
MINING NEWS
Western Newspaper Union New. Service.
THE TREND OF METAL PRICES.
Colorado.
IN q r ! Z =


Colorado.
The Rockford mine In the Russell
district Is said to have been placed on
? paying basis.
AS the result Of new strike In the
Lady Campbell property at Cripple
Creek ore worth $50 per ton is being
mined.
From Ironton comes news OF a rich
strike OF silver and copper. Tho
strike was made in the Joker level OF
the Yankee Girl.
The Elkton company OF Colorado
Springs. after paying dividends Of
$225. 700 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 u day Is being
made.
At a meeting OF the directors OF the
Cripple Creek Deep Drainage and Tun-
mel Company 1t was decided to con-
tinue the work on the big bore as in
the past.
In the Black cahon. twenty miles
east OF Delta. n recent strike shows
gold values from $50 to $50 per ton. A
number OF Delta people have staked
claims in that locality.
The Dyke lode in the Newhouse tun-
mel at Idaho Springs. which has been
under systematic development for
some time. Is increasing its production
at a rapid rate and Is taking rank
among the leaders In the district.
Since extraction Of ore was com.
menced. December 20. the FL Mahdi.
In Ouray county. has shipped four cars
, Of high.grade silver ore. The exact
value has not been learned. but 1t is
believed to run better than 5000 per
ton in carload lots.
Following the announcement that on
| February 20 q dividend OF $24.6s0 will
be paid to the stockholders. the Ell
Paso Consolidated Gold Mining Com.
pany directors. at q recent meeting 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 400 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
, $33 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 ls 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 HamilI
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
| o OF ~
with a 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 500 pei
ton.
At the Little Emma mine on Demo
crat mountain, in the Georgetown dis
trict, bonanza discovery has beer
made In driving a drift to undercu'
a: old ore shoot found many years
ago, a 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 49,
ounces silver to the ton. The shoot Is
showing for $50 feet and the ground is
being stulled preparatory to starting a