The Oroville weekly gazette. [volume] (Oroville, Wash.) 1905-19??, 1919-09-26
NEW MINING VENTURE.

The following article from the
of interest to readers of the Gazette
as a number of residents of this vi
cinlty are named as interested in a
very valuable mining property. Be-
sides the persons mentioned there are
other citizens in Oroville who are in
tel tested in this new venture, which
holds out promise of proving to be q
most valuable investment:
What is known as the Elk Basin, a
territory about twenty miles square in
central Idaho, and only six miles east
of Grangeville, seems to be attracting
much attention from the larger mining
Interests of the country at the present
time.
Engineers. representing the mining
division of the Standard Oil company,
the Guggenheims, and several smaller
concerns now operating in the Occur
q 'Alenes of this state, and in Arizona,
and Nevada, have been in that district
70. several weeks and the Guggenheim
interests are known to have had three
or four experts looking over the dis
triot for placer and quartz properties
Inch can be purchased at reasonable
prices. All of which has encouraged
those who have stood by their pros
poets during the days of scant returns
for their efforts, are now anticipating
zeal boom for that country during
the coming spring, if not before that
time. The Guggenheims are said to
have taken cash options on at least
seven properties near Elk City and &C
tive operations are expected to start at
Cnce. 1t is said that an immense
dredger will be shipped in during the
coming winter over the snow from
GIangeville or Sites, for use in the
Salmon Meadows, five miles from Elk
City, where an area of 100 acres is
reported to have been secured by lease
and bond at good figure for the own
ers
Records at the -Halena branch mint
show that at one time the Elk basin
had produced one tenth of all the gold
production of the United States, more
than three hundred million dollars in
placer gold having been taken out.
Since the practical shut down of the
placer mines many Lodges of gold
quartz have been located by prospect
OTIS. some of them having been worked
TO a greater or less degree, but all
with success. Mines operated by Chas.
Sweeney at Buffalo Hump, the Ameri-
can Eagle mine operated by Dennis
Clark w. H. Sherman and others near
Elk City, and several others are
known to have produced several hun
dred thousand in gold bullion while
in operation. The Black Pine mine.
also near Elk City and the Mineral
Zone mine in the same neighborhOod,
tile latter being operated by the own
ers who own hotel at Elk City, and
other properties of known value as
god producers.
About one year ago party of Spo-
kane and Britich Columbia business
men secured lease and bond on the
well developed Homestake mine own
ed by Jimmie Penman near Orogrande
and have the property now well open !
ed up, getting ready for active opera
tons this fall and winter. A corpora
ton has been formed styled the Home
stake Gold Mining company, of which
Silver mines in British Columbia, is
the president; Will C. Jones, merchant
of Nighthawk, Wash, treasurer; Sen
ator George J. Hurley, of LOOMS,
secretary and A. w. Boyd
a Spokane mining engineer, Is general
These men. accompanied by
Col. A. M. Dewey of Seattle, w. ]. Men
airy of British Columbia, and VITO min
ing engineers, recently visited the Elk
Basin to make careful examinations Of
the Homestake mines, and while there
examined the American Eagle, the
Badger and Fishhawk properties all
of which were sampled and the ores
taken to Spokane for laboratory tests.
The tests were made by the Fassett
and Stowell laboratories, with aston
ishing results as to values and ease of
mining methods. The ores were found
to be free milling, saving Of more
than 80 per cent on the plates being
indicated. After these tests were made
deals were consummated in Spokane
by which the Homestake Gold Mining
company acquired the American Eagle,
Badger and Fishhawk properties to
add to their already large holdings.
Col. Dewey is in Grangeville and has
placed display of ores in the window
of the Free Press office. He is stOpp-
ing At the Imperial hotel while here"