Gilpin observer., 1914-10-15
LAKE MINE A
COMING PRODUCER

The Lake mine at the head of Vir-
ginia canon, near the boundary line,
separating Gilpin and Clear Creek
counties, is now making a good pro-
duction at a point near the Big Five
tunnel whose portal is at Idaho
Springs, and 2300 feet vertically be-
low the surface of Pewabic mountain
in Russell mining district.
This mine has produced largely in
the past from surface workings and
many a man who is now enjoying
life's comforts, dates the beginning
of his successful career from the pro-
ceeds of the ores extracted from its
surface workings in early days. The
vein is north-pitcher of about 60
degrees. Vertically the ore shoot
now working apeXes in Russell Gulch
district, where some of the richest
mines ever discovered in the county
are located. The surface boundaries
are $50 feet wide by 5000 feet in
length, and its eastern end-line is in
close proximity to the famous Gold
en- Edge mine, cut in the Newhouse
or Argo tunnel, which is producing
high-grade ore from three-foot vein
that assays as high as S33, 900 per ton
in gold and silver.
The mine is owned by Hal Sayre
and Robert II. Sayre, OF Central City,
and is operated under the leasing
system through the Big Five tunnel
with Robert Sayre as manager, and it
is through this tunnel that all the
ore from the lower workings of the
mine is transported. Last April Mr..
Sayre began operations in the low
er workings, that had been cut near
the present heading of the Big Five
tunnel. BY letting leases and driv-
ing lateral on the vein that shows
from three to four feet of ore where
the shoot was first encountered, and
to present date TIE drift has been
driven $50 feet on this large body of
continuous ore. This drift in the last
two months has produced S17.506.20.
The smelling ore averages frcm S3j
" Tfo ptl Nbllr anu Tue concentrates
average $50 per ton. They now have
a stope exposed $50 feet long. ready
for working, that will average from
three to four feet wide, whose smelt-
ing ore will average s45 per ton. and
their mill dirt when concentrated av-
erages $50 per ton. There is from
1900 to 200O feet of virgin ground
from this point to the surface work
ings and many a fortune will be real
lied before the ground is worked out
as every indication points to a con-
tinuous ore shoot to the surface
workings.
The Big Five tunnel is just now
entering one of the richest gold belts
ever discovered in Colorado. and the
next half mile VIII cut such well
known veins as the White Cloud,
Golden Cloud. Nashville. John L.,
Iron, Pewabic, Becky Sharp. Old
Town. Russell, Lillian and others t at
have produced millions of dollars in
the past and establishes the fact that
these mines hold their values and in.
crease in size as depth is gained.
The Hubert mine at Nevadaville has
its richest ore on the S50-foot level
or the bottom of the shaft. The Cal
ifornia mine at the bottom of its
shaft, 2250 feet deep, and the Lake
mine which is cut at depth of 23O0
feet shows richer ore than either of
the others. thus proving beyond
doubt that the deeper you go the
larger and more valuable the ore be-
comes.
Gilpin county was the first place
where gold was discovered and from
the grade of gold ores found in her
immense fissures at depth of over
2200 feet, shows that there is enough
gold within her borders to pay our
nations debt. These having surplus
money to invest can find nothing
more safe than to invest 1t in Gilpin
county mines.