Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1919-08-26
SIS NET PROFIT
PER TON OF ORE
THIS is LOWEST AVERAGE BEING
SECURED BY CYNIDE GOLD
MINING CO., LTD.
EXPERIMENTS PROVE SUCCESSFUL
Valuable Property VIII Soon Be One
OF the Big Producers of District

After having spent several months
installing new and modern machinery
and experimenting with various min
ing equipment, the officers of the Cy-
hide Gold Mining Company, Ltd, are
now prepared to make the announce
ment that the property owned by the
company can and is being worked so
as to clear at least SIS per ton on the
ore handled The success of recent
experiments with gold saving machines
means that this property will be rap
idly developed and there seems to be
a certainty that it will be one of the
big producing gold mines of this dis
trict for it is conservatively estimated
that there are 100000 tons of gold
bearing ore blocked out and the 2300
feet of tunnels and shafts on the prop
erty all follow ore shoots.
The officers of the company have
been working on the claims for many
months and all along were confident
that they had a good thing but hest
tated making any public announce
ment until they were assured by rigid
tests that the property could be made
to pay a handsome profit. The Cy'
hide Gold Mining Co., Ltd, is locally
organized company with j. B. Ellis
a prominent mining man of Montana
as president; Jas. Lafountain, former
" president of the Moyea Gold MininN
Co. as vice president and George r
fCauston, one of the successful isinesi
men of this city, as secretary an
treasurer. These men are on thu
board of directors together with Georg'
Lafountain and Michael Guilfoyle, TIT
latter being wellknown mining men
The capital stock of the conpan,
consists of 3,O00,0 900 shares Of whic'
1000 900 shares are in the treasury
the par value of the STOCK is SEQ, non
assessable.
The Cynide Gold Mining Co Ltd
property consists of seven claims, IN
property being better known as tn
"Ruckhorn". The company is op
Grating under a bond, part OF whicl
was paid last June and $40 600
which is due June 4, 1920 and the bal
lance. s21 ,40220, is due June :, l92l
The bond may be taken up any Inn
prior to these dates.
The property is located about z
! miles northeast of Boomers Ferry an
&c IL miles from the nearest raiiwa
! station at Eileen. There is a goo
} road direct to the property and ther
arp sufficient buildings to accomnc
date a crew of at least forty men
The company now has on its claim
and in operation a very complet
/ eouipment consisting of a seven TO
stamn mill. a seven ton Gibson mil
$50 ton crusher. 30 XIV. generate
three and half h. p. motor one OF
and a half horsepower gasoline englh
! one 60 horsepower gasoline engin
!. one 35 horsepower steam engine VIII
r boiler. etc. one 40 ton gold saving mi
e chine. one full size Forest conc an'ra
I ing table and full blacksmithing on
! AZ besides all the tools necessary Il
] fine running of the machinery ana u
! work in the tunnels and shafts.
y the machinery is combined in one mi
s and is in running order. The cor
many also owns the equipment Tor
water power plant, the power TO
obtained from Mill creek. Pow'
k for a 60 ton mill can be obtained FRO
Q Deer creek and next summer II
MANNED to install 60 ton mill al
e run both it and the one now cperatin
e There are six tunnels and thr
/ shafts on the property. Tunnel No
is located on the Hoosier Boy clai
e and taps three ore chutes, the last o
s AT a depth of 200 feet: tunnel No. 2
!. directly above Tunnel No. l and ia
" an ore chute from which about
ions of ore has been taken and r
d through the stamp mill. Tune, No
J. is a crosscut to tap an ore chute II
/ crops on the surface 1000 feet in lens
ar and 10 feet wide in the center, taper'
]. TO two feet wide at either end. TIL
,e nels Nos. 4, 5, G, and Shaft No
IS ali on the Keystone claim, all openi
ON good ore chutes. Tunnels Nos
and 2 are on the Scout claim. II
r feet above the main working tunr
ne These tunnels and shafts open up
lyein for three fourths OF q mile