The Canon City record with which is consolidated the Canon City cannon., 1916-06-29
TO DEVELOP
A BIG MINE
ON UPPER
CURRANT
CREEK
THE ISABEL LODE NEAR MicAN-
iTE TAKEN OVER BY coRTEL-
LEM & CO., OF LEADvILLE-
WILL PUT A LARGE NUMBER OF
MEN TO WORK.


Quoted by Wa den lyman of the peni-
tentiary, Cortelleni & Company of Lead
Vile have purchased from w. II. Muir
ray of Parkdale the Isabel mining
claims on Upper Cdrrant Creek, TWEEN
ty miles northwest of Canon City.
ard are preparing to operate the prop
erty or large scale.
A lease has been executed and the
property is now in the hands of Cor
telleni & Company and they are now
, in charge of the proposition. The
Isabel Claims were located ty Mr.. Muir
ray ten or fifteen years ago and lot
OF development work was done on
them at that time. shaft was sunk
on the vein to a depth of 800 feet.
and 100000 worth OF zinc ore taken
out and shipped TO eastern smelte-s
at a big profit TO the operator. The
shaft house burned down ten or
twelve years ago and was never re-
built: Mr.. Murray ceasing develop
ment work with the destruction of the
hoisting machinery and overhead
property.
The vein is forty feet wide at the
! bottom OF the shaft and contairs a
practically inexhaustihle quantity of
ore showing values in gold. silver.
copper, lead and zinc. The ore now
on the dump shows 10 per cent zinc
and paying quantities of the other
metals mentioned. a very thorough
Investigation of the property was
made by mining exrerts a couple of
months ago at the instance of the les
sees. and, as a result of their reports.
the claims were taken over under a
bond in the sum OF $4,000. Cortelleni
& Company are wealthy mining opera
tors in the I.eadville district and are
now working more than 800 men in
that locality. They are convinced
from their own Investigations and
that of their representatives that the
Isabel lode in the Micanite district
offers one OF the greatest opportuni-
ties for mining men in Colorado and
they are confident of the development
of one Of the most important and pro-
ductive mines in the state there.
They have rebuilt the shaft house.
e1uipped il with a twen,y-horse-power
Witte gasoline engine and have be-
gun to unwater the shaft and under
ground workings OF the mine. The
water in the shaft has already been
lowered about 100 feet and II Is be-
lieved the task will he completed in
the course of the next two or three
weeks. Pumping is being carried on
constantly by an engineer and a
corps OF assistants
Several hundred tons Of ore, assay
ing good values in gold, silver. cop
per. lead and zinc. is now lying on
, the dump and will he worked over for
shipment to the smelter The ore
runs seventeen ounces Of silver to
the ton. Cortelieni & Company ex-
pect to erect concentrator at the
mine and have computed that the
zinc will more than pey the operating
expenses OF the property and that the
returns from the other metals will
e net profit. The vein is traceahle
the surface for q distance of half
mile or more and rich ore specimens
have been obtained from the outcrop-
pings of the lead.
With their practical experience in
mining matters and almost unlimited
money and credit behind them Cor
tellei & Company are in position
to make a success OF their undertake
ing at Micanite and they have no
misgivings in the matter. They say
that II the ore is there, and there
appears to be no question on that sub
ject, they Will develop great mine
in this county. They will put in q
power line from Canon City to run
the necessary machinery, furnish
light. etc. and will equip the proper
ty with the very latest mechanical
appliances for work. They hope 10
have two or three hundred on the pay
roll within the next three or four
months II the ore body proves to be
as extensive and valuable as they be-
lieve IL Is.
costelleni & Company are asking
no help from anybody in their enter
prise and will not place dollars
worth of stock on the market They
have an abundance OF money OF their
own to swing the proposition and pro-
pose to take whatever PROFITS there Is
| for themselves.
II corteileni 8 CoNrany mako :
success Of tho liah1,l ngcpavtS 4 YIN