The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1913-05-08
THE BIG SILVER
STRIKE IN COLORADO
CALLED A "QUARRY OF SILVER"
in SANDSTONE FOR
NATION.

Western newspapers, and. those ut
Colorado especially. within the past 80
days, have had more or less descrip-
tive matter of what seems a great sill
yer discovery in the Eagle district, out
% or more miles from Leadville. The
district seems to have attracted much
attention, but it is high country,
with heavy snowfall, and the first
news of what seems a bis discovery
was given out in midwintcr The
Miner Is in receipt Of the following
circular letter sent ont from Eagle,
and while it is interesting reading, we
can not vouch for its authenticity:
Hiuh Grade Silver.
Thousand dollar silver ore opened
in prospect hole on the Lady Belle
claim two months ago astonshed the
mining world, because such values
had never been heard of before in a
prospect hole and also because 1t was
found in ordinary Dakota sandstone.
This property has been leased TO "A
syndicate of New York and London
men, represented by H. +. Bonnell,
upon recommendation of Cap. John A,
Hassell. consulting engineer of New
York A shipment of the rich ore will
be sent out in the next 30 DAYS, as
soon as "A temporary road can be built
to tho claim, and il Is hoped to begin
regular shipments in 80 days
Sandstone Rich in Silver.
"At the present time the Lady Belle
is practically a quarry of silver. aud
opens up an astonishing field for pros
pecting, because 1t is an absolutely
new proposition. A distinguished en-
gineer has remarked after seeing the
sandstone with it's burden of treasure
that nobody but a person ignorant of
mining would pick up a piece OF rock
like that and carry 1t to town FOR an
assay. So it is possible that in this
district and elsewhere in Colorado
prospectors may have been passing
over many such leads, which will now
be opened up At any rate, since the
snow has gone in Eagle district the
camps of the prospeetors have begun
to dot the hills in a manner not equal
ed in the state in 20 years.
Found by Rancher.
"rhe Lady Belle was stakcd in Mo-
vember last and the rich assays made
public in February T. q. Ecmpf, a
ranchnan with n smattering Of mining
located the claim and took in j., f.,
Glenn. the Eagle postmaster, and
Ralph Wolverton, another ranchman,
Many of the leading mining men of
the state examined the prospect, but
were unable to reach terms with the
owners because of the excessive de-
mands. but Captain Hassell took it
over on a two-ycars lease without an
option to purchase. His associates
put up a cash bonus to insure the car
rying out Of the terms of the lease
and arc limited to depth, Captain
Hassell Is a graduate of Frieburg OPP
Grated mines at Johannesburg for &c
Gil Rhodes and for 25 wears has rep
resented the Lady Belle lessees in
mining operations in Nevada and
Mexico. Speaking of the Lady Belle
deal he says:
Could Be Secured Only by Lease.
owe are not in the habit of leasing,
but could not get hold on this pro-
perty in any other way on reasonable
terms. I want to be the one to exploit
this property because 1t is absolutely
unique. | know nothing exactly like
It anywhere in the world and that is
the verdict of all mining men with
whom ! have discussed It, IT is so un-
usual that I shall make 1t the subject
of one Of the lectures that ! am en-
gagged to deliver at the School Of Mines
in New York next September The
ouartzite walls of the Lady Belle give
it n resemblance to the formation in