The Elk Mountain pilot., 1920-07-22
COMPETENT M
GREAT PROPERTIES TO BE OPERATED AGAIN

Every citizen of Gunnson county will be glad to
know that the famous old Augusta and Excelsior
be again placed in the ranks of precious metal producers
this time verify believe, by competent mining men
and amply financed. The Pilot is giving considerable
space research relating the past history of these
ines and this issue crcultes thousand copies
to give publicity to the revival of these properties
With their reopening confidently expect to see
many others financed opened The world needs the
precious metals before this county has
veous stores of them waiting for intelligent efforts be
made for their production
The who is looking for mining investments can
do better than to look this camp. 1t has been
proven that have fsure veins here, rich with
mineral therefore not running the risk that
would be, investing in camp that has not been
tested developed.
Mining is exciting game. There a sort of in
spiration about it. When miner puts in shot" his
hopes may be blasted well the rock id may
result in disclosing riches that will him to
continue pursue the downward with bright
pectations Of striking rich pay The other
pations may follow different. In mining there
always the chance that each shot may open riches that
will enable the miner to revel in all the luxuries that
- wealth give.
The illustrations that have been given in the past
that any who follows mining continuously is
very apt time to make rich strike
The history of the Augusta and Excelsior mines for
the last thirty years is that the day
poor and they did their riches because they
than others, but simply through what
times called dumb luck" A will make when he
least expects to and he will lose in the
A should something the business and
by Deng CAREFUL using good judgment, the chances
greater to lose than other lines generally
considered conservative and safe
What is needed here to carry mining is capital.
1t requires plenty of capital conduct open up
mine in the proper shape that it will be producing
and paying mine.
This camp has many natural advantages that are
superior to other locality There few min
ing districts that have the water, timber sup
plies to be found in the Ruby district And then our
shipping facilities much better than of the
mining towns. Some people not satisfied unless
ffpr l,nIr ~of1ro
where thre is water timber the mining is
carried portions of New Mexico Arizona.
Under those conditions what does it profit if do
get rich ore? 1t takes all that worth get
market On the other hand if you have large body of
low grade this locality the profits therefrom
certain and regular The greatest paying mines
the world have been grade propositions great
permanent bodies.
The famous Augusta located only five miles
from the D. R. G. railroad The nearest place of
shipment is the Smith Anthracite breaker 1t fact
that this of the best and the
Allied Mines Corporation of Pittsburgh Pa,
they plan to do they will make record of financial
before equalled in this section.
This Company, with capitalization of S600,000 has
taken the Augusta, Excelsior and Raymond mines
Gunnison county and the Box Canon mine Ouray
ty and will probably work the Augusta and
Excelsior properties next month.
In speaking of the Excelsior note that the issue
of December 81, 1883, John Phillips (editor of
Pilot at that time) says THE Excelsior Poverty
Guch is rapidly coming the front and without the aid
of working capital i'm other words the mine being
developed and made to its like all other mines
in this country at the time This mines output
nearly doubled in value and tonnage year. all
in the face of the fact that snow-sde stopped work
there last winter that in fact the output the
product of six months work and time did the force
on the mine exceed eight ten far know.
The Excelsior rapidly coming the front the
richest mines in the country"
In the report of the years shipment of precious
eral the Excelsior shipped 100 with estimated
value of s2O000 and the Augusta 10 with of
$60O0 That year ss6) there precious
minerals shipped from Crested Butte with value of
s1957OO
In 1882 Gunnison county produced 100000 in gold
and silver In sa it produced s65OOOO which small
increase
In 1885 the Augusta produced to the value of
$4,000 and the Excelsior in the locality, shipped
to the value of nearly $4,000.
The mineral shipments for the year 1884 1040
tons with value of S13360O Of this Angus
ia shipped 250 TONS with value of $4,000 the Ex
celsior 40 tons, with a value of $1,000.
During the year 1885 there a the Au-
gusta mine that knocked down nearly 100 of
The occurred in the second level ITO feet below the
tunnel level between the two shafts The level had
driven from both shafts to connect and the work
completed to within about ten feet when the from
above gave way and down. 1t came down in mas
sive blocks, piece estimated to be about
Continued third page)