The Idaho Springs siftings-news., 1913-09-06
WE STE r N
MINING NEWS
Newspapcr 7 MON Ne"s ssTNIee-
Trend Of Metal Values
Colorado.
IN 3 r e r

!. "A cleanup completed at the Gaylord
a.aill situate on the property of the
3 Da4.ts, Gold Mining Company, on the
southern slope of Bull hill, in the Grip
pie Creek district, resulted in a gold
retort .751 fine, weighing 20 pounds.
ounces troy, with an estimated gross
bullion value OF 81 900. The silver con-
tent in the retort was estimated at ap-
.5roximately $50.
The Tin Cup Gold Dredging Com
pany is establishing record for rapid
work in the completion of a power
plant on national forest land. The
plant is situated at ST. Elmo, about
twenty miles from Buena Vista, and
its primary object is to supply power
for the company's placer mining oper-
ations near Tin Cup. about fourteen
miles from the power house.
A body OF solid ore ten inches wide
has just been uncovered on upper Fall
river at idaho Springs that shows as
say values OF $50 ton in gold and
silver. The find was made in extend
ing the drift from the Pennsylvania
tunnel and the indications are that the
streak is going to develop into one of
the richest discoveries that has been
maue in years in that locality.
A new shoot for the Gold Bond Con-
sclidated Mining Company has been
opened up by George Hummer at
depth of 300 feet, in the Sweet shaft,
on that Gold Hill property at Cripple
Creek. The production to date from
this Gold Hill estate has slightly eX-
ceeded 100000 and the ore has been
taken from above the 200-foot level.
where a good average grade of ore is
also being mined.
Il do not think / am overestimating
when | say that the construction OF
the Moffat tunnel by the city of Den
Yer will open up ore bodies sufficient
to pay for the building of a railroad
from Denver to San Francisco" This
is the opinion expressed by Henry
Hegwer, former state boiler inspector,
rs To the mineral resources OF the dis
trict in which James peak is the cen
ter.
Checks for the quarterly dividend OF
the Elkton Consolidated Mining &
-'AtihS ooiilPapS it'' Y bNNii h'tAiiNN ~
stockholders The dividend at the rate
of cents per share amounted to S50,-
900, and brought the total amount paid
in dividends to date to $3,229, ,46039.
The gross production of the Elkton
company, Is certified to the Colorado
Springs Mining Stock Association, to
January l, 1913, has amounted to $10,-
930.0s6.54.
James j. Brown of Tucson, Ariz.,
where he owns extensive gold, silver
and copper properties, has completed
the organization of one of the larg-
est mining companies ever formed in
the west. at Leadvllle. Prominently
/. associated with Brown is George w.
Cook of Denver. The company will
start drilling on the placer in Big Ev-
ans guich and will also sink drill holes
on Yankee hill. having secured long
time leases on more than thirty lode
claims in that vicinity.
Recent discoveries at great depth in
the mines of the Cripple Creek district
az or below an altitude of $500 feet,
vhile they uphold the statement OF
United States Geoiogists Waldemar
Lindgren pnd Frederick Leslie Ran
some, in their report on the geology
and gold deposits of the Cripple Creek
district, that there is no decrease in
the value of the ore per ton in depth"
directly contradict the words follow
ing, but the quantity of ore is dis
tinctly less below the 1,000-foot level,
irrespective of the elevation of the sur
face"