Gilpin observer., 1913-09-11
WESTE ERN
MINING NEWS
IN BRIEF
Western Newspaper Union News Service.
Trend Of Metal Values.
Colorado.
IN q r ! E :

The dividends paid by Cripple
Creek mining companies during the
month OF, August total $4,000.
BY stipulation, the suit in the fed
eral Court between the Portland Gold
Mining Company and Stratton's Inde-
pendence, Limited, has been settled.
One of the richest bodies of copper
ore ever encountered In a Routt coun-
ty mine has just been opened at the
De Laurence, on Storm mountain,
four miles east of Steamboat Springs.
Ore going as high as $4,000 in gold
to the ton was opened at Cripple
Creek between the 400 and 500-foot
levels of the c. X. and N. property on
Beacon hill and operated under a
lease by M. B. Rapp.
The Cripple Creek districts output of
gold ore for August approximated 49,.
8S1 tons, carrying gross bullion val
ue of $1,251,S09. These figures differ
but little from the production of the
previous months, but show an In
creased tonnage over August, 1912.
The operating department Of the
smelling and refining system Of prac-
will be directed from main headQuar-
ters to be established in Denver af-
ter October 5, 1918. by former United
States Senator Simon Gnggenheim.
The regular quarterly dividends OF
the Utah, Chino and Ray Consoli-
dated Copper Companies. owned prin-
cipally by Colorado Springs capital
lists, have been declared. The Utah
and Chino Companies pay seventy
five cent quarter. or at the rate of
SO a year, and the Ray Company 37h
cents a quarter. or $1.50 year.
A strike of great importance to the
section tributary to Dumont has just
been made on the Lucky Boy vein OF
the group owned by the Fireman's
and Conductors Mining Company.
The ore body is twenty-five inches
wide and assays made upon samples
taken from clear across the streak
show values of $40 a ton in gold and
silver.
To satisfy a Judgment obtained in
the District Court at Denver in favor
Of George e. Armstrong. trustee for
the mortgages and noteholders, in
the sum of s7S,S10, against the
Hoosac Tunnel and Mining Company.
all OF the property of that corporation
was sold by Sheriff A. e. Straub OF
Idaho Springs for $4,000. The pur-
chaser was Samuel T. Worley. repre-
sentative of the trustee.
One of the biggest strikes of high
grade mineral made in any OF the
mines of Gilpin county for years is
now showing in the Calhoun mine in
kI.eavenworth gulch, two miles south
of Central City. The crevice measures
from five to six feet in width, in the
center OF which is from twenty to
twenty-four inches of solid copper
iron that assays from $125 to $3.50 per
ton, nearly all the values in gold.
An important discovery for the
Victor Gold Mining Company has been
made by Rufe Jones of Independence
and his associates operating a block
of ground at the eighth level. $50 feet
from surface. At this depth the
lessees by crosscut have exposed
what is believed to be the East Victor
vein. the most important and heaviest
producer of the Victor system, which
is credited with the major portion OF
the output made up to 1900, recorded
Mt $2,216.000. The vein. as in the levels
above. carries steep northwestern!
dip, and while but little developed
shows great strength and richness, as
says holding at from four to five
ounces gold or from $50 to 800 to the
ton for ne samples.