Gilpin observer., 1912-05-02
Colorado.

All luc ldl lullllIS COHCtIuo III lno
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 a capitali-
cation of $2,500.000, have been filed.
The company is the owner of much
land in Gilpin and Boulder counties in
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 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 here
tofore, 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 twenty-seven men.
A 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 Of
the Ajax company, Cripple Creek, Is
now treating daily 125 to 130 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 and
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
lish syndicate will purchase these
properties soon. William J. Cox, man
ager of the Ouray mine and other Of
ficers of the English company refuse
TO deny or confirm the report.
A suit for $500, 900 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 sy
the Old Town company. The proper
lies are in Russell Gulch, Gilpin coun-
| ", ana lut ltSSttS nave Dttn
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
| Ill, 81,
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. II it proves the success the own
ers predict, it will mark the dawn oI
a new era OF prosperity for the mining
industry OF Boulder county.
A total of $l55,6S5 had been paid in
dividends by four Cripple Creek min
ing companies up to the'end of April.
The Portland company paid one cent
a share, amounting to 100000, April
18th; April 25th the Vindicator. con.
trolled by Denver men, paid three
cent dividend of $4,000, and the Mary
Mckinney company disbursed $26,1S5.
at two-cents a share. The El Paso paid
a dividend of one-cent. amounting tc
s24.500 April 30th. The Portland,
which passed the nine million dollar
mark with the dividend preceding chat
of April. now has paid total of So,
097,0S0 in profits to its stockholders.
This is in addition to large expenii-
lures for improvements. additional
property. etc. The great Battle mo IN.
tain bonanza has produced upward of
s32,000,000 to date.
Herman j. Reiling is in the Brecken.
ridge district, where he will open the
placer mining season with the Reiling
/ dredges near that camp. Owing to the