The Idaho Springs siftings-news., 1913-02-08
Colorado.


Charles & Company, leasing on the
Silver Glance mine on Democrat
mountain near Georgetown, have uh-
covered an ore body from eight tc
twelve inches wide that shows assay
values OF $40 ounces silver ton. Gray
copper and polybasite are in evidence
one of the best indications that hign
silver values are contained.
The Leadville district. which now
equals Cripple Creek in monthly ton
mage (about $4,000 tons), is in the
January dividend list with $5O,oOo
from the Iron-Silver Mining Company,
while the Stars Consolidated group
(old Morning and Evening Stars)
pays 10 per cent. monthly upon $1OO.-
900, or $4,000. t
One hundred thousand dollars has
been subscribed for the new deep
drainage tunnel at Cripple Creek.
which will be 500 feet below the
Roosevelt tunnel level. The railroads
have given $4,000 and the Cresson
Consolidated company has given 500
900. The cost of the tunnel is esti-
mated at $45o,0O0., 1t will require nine
years to complete.
Parker G. Company, leasing on the
La Plata mine at Georgetown, have
started a shipment of six tons OF first
class mineral and returns OF 240
ounces silver ton are anticipated.
These lessees have a streak OF min
eral exposed in the stope that varies
in width from seven to fourteen
inches and the showing is improving
with the shooting of each round Of
| holes.
Cripple Creek opened the year by
| declaring $167,S43 in four dividends,
al payable in January. The golden
| Cycle contributed monthly declara-
ton of $4,000, the Portland Gold
| Mines company quarterly distribu-
ton of 100000, the Vindicator its reg
ular quarterly of $4,000. and the
Mary Mckinney two per cent. divi-
dend which, on the issued shares
means s27.s43.
| Butts & Company, operating the
Cliff mine on Democrat mountain, are
prosecuting active development and
shipments will probably be inaugur-
ated soon. Drifting has been in prog
ress for some time on a body OF poly.
basite that is from five to ten inches
wide, and tests show values OF 17O
ounces silver ton. This property
was an old-time producer and the
| present ore Is being extracted directly
under some old workings whence a
production of $4,000 resulted.
An artificial substitute for Yellow
stone Park is being slowly formed in
the oil and gas region around De
Beque, thirty miles east of Grand
Junction, by Lloyd & Lowe. oil well
drillers. They have been drilling for
oil, but their first we'll has turned into
a geyser which rivals Old Faithful in
the Yellowstone. They are drilling
their second well and residents are
forming a company to sink wells in
the hope of striking a dozen or more
geysers to make their town famous
attraction for tourists.
Confirmation of the report that the
Golden Cycle mine and mills of Grip
pie Creek have been optioned to the
Burris-W Walker interests of New York
representing the control of the El
| Paso mine in this district, was made
today by Judge McGarry. vice presi
dent of the Golden Cycle company
1t is understood that the consideration
is $6,5O0000. Five million of this sum
is said to represent the value of the
mine and coal property near Colorado
Springs. The remainder is supposed
to he the valuation o: the Golden Cy
| Gle mills.