Mountain Home Republican. [volume] (Mountain Home, Idaho) 1915-1946, 1921-11-26
mining BOOM HAS
STARTED BOOMING
in ELM()RE COUNTY
Company Has Been Formed
TO Reopen Two Famous
Cid Producers in Rocky
Bar Section.
fsalf Lake Citizen J


italization OF $500, 900, what tho best
10intng talent In Utah agrees Is the
most promising consolidation of goiu
properties. since the organization q
the Gnldleld Consolidated mines COM
rams In 1905, was effected early tins
week in Salt Lake City the event
is fraught with meaning
The Idaho Gold Corporation, just
formed with capitalization oi
3f00, 900, has purchased the Vishnu,
Mountain Goat and adjoining gold
mining properties at Rocky Bar, I'll
ducers Of many millions half 9 CEN
tuay ago. forming q compact group
ef more than 500 acres According ~
official report, the property 10 con-
&inuous 0var. and covers, q high
grade gold belt two miles long, and
ibouf half 4 mile vide IN addition,
the company has obtained undivided
ownership ef two and d half miles of
placer ground, Immediately contlg-
nous to the main workings NJ its
Vlshnu and Mountain Goat prop
critics.
The Vishnu and Mountain Goat
mines boast Of production record,
from the early COS to the early sos,
OF about s5.o00.o0o in high-grade
gold ore which, according 70 the
United States government geoiogisal
records, averaged around $50 per
ton,
The yishnu and Mountain Goat
groups On claims also sidellne and
endline the famous Ida Gilmore and
Ada Elmore, two single mining
claims, which, Ia the same early per-
Tod produced $5,o00.00o worth of
4 gold ore, also averaging around $50
per ton, according to government
records.
Ihe Visanu and Mountain Goat
groups consist OF twenty-seyen lode
mining cIaims The Idaho Gold Cor
p0ration owllB complete title to tisVen-
ty-six OF these, thaso being no in
debtedness whataoeyer on any OF the
acreage with the exception OF d single
detached claim which had been pnr-
chased for $4,000 on iong-time
basis when II was turned over to
thc comp NY.
The company also owns outright
ree from any Indebtedness It's two
ana one-half miles Of placer ground
and important fwater rights covering
pll company pus poses.
"A recent examination made OF all
the properties by a well-known gold
mine expert. III lhe employ Of the Ida
no Gold Corporation, revealed the
@ s}at 'Y lali part Of TIA vishnu
had been mined and In an unminer-
\ like way, to an average shallow
depth 81 less than $50 feet, and that
a series 81 viens which had produced,
40 to 80 years ago, IN che neighbor-
hood of 100000 In high-gfade gold
ore from the surface To This depth,
undoubtedly conyerged at d point
about 200 feet below the present
tunnel level. He estimated that 200
fet Of shaft sinking would, no doubt.
enable the company to reach point
where thise rich producing veins
formed Junction
There appears to be no question,
judging from his experts feporI,
and that others, tAal the Viahnu
has as yet baen hardly scratched"
The indications are said to be not
only favorable for highly important
production at greater depth but 1t
y is appuTent that completely unde-
veloped adjoining ground, covering
Z distance cf fully 5000 feet and in
all probability carrying the exten-
Z don of this vein system, should for q
considerable distance also prove high
. ly productive Indeed, there appears
2 b be no question at all with. regard
10 the extension Of the rich vein sys-
a tenn into this adjacent territory
e The maps show that within few
le hundred feet to the south 81 ths
y Vishnu workings arc the lla iHsilis 7
q and Ada Elmore mines. These haye
4 gold production record o. duaY
he s5 100000. The Gilmore vein system
Of frlkes IL i ncQtEeastariy direction
IT and trends directly through the acre
ID are owned by the idaho Gold tsii-
Ks roration. The ind
70 the best expert opinion, favor the
(Continued on page I'D