Red Lodge daily news combined with Carbon County news., 1934-03-14


permits.
News of the sale was received
locally by those who have more
than a passing interest in the
Cooke region as a genuine fore
cast of the huge gold-mining boom
which is looked for in the district
this spring and for which Cooke
City has been waiting for the past
half century.
Walter McLaren, discoverer of
the rich fine-gold bearing content
of the New World clays, has been
busy during the winter months
taking in equipment and machin-
cry to Cooke City for the erection
of a concentration mill. 1t is IN
derstood here that the mill is now
in the process of erection on the
New Year Gift site. Mr.. McLaren
has also taken in a snow pillow to
clean the roads this spring and
fall from the mine properties.
Snow still lies in the Cooke region
to a depth of more than three feet,
it was said.
The complete article as it APP
pears in the Montana Oil and Min
ing Journal of March 10, follows:
"One of the most important
mining deals in recent years in
Montana was consummated this
week when an eastern group, as
ISOLATED with Montana interests,
bought the New Years Gift group
of leases at Cooke, Montana, north
of Yellowstone park, for a con-
sideration of $500,000.O0
"News of the deal was con-
firmed by Leonard E. Griffith of
Townsend. Mr.. Griffith and asso-
ciates gave a lease and bond on
the Cooke holdings on the basis OF
a half million dollars for the en-
tire group. The interests who took
over the holdings were not fully
identified, but it was announced
that work will start as quickly as
weather conditions will permit,
under the continued direction of
McLaren Brothers.
"The Cooke strike is the most
important gold mining develop
ment in a decade. Last fall, Grit
fifth and d. S. Buisson of Town
send, Mont, closed a longtime
lease on the New Years Gift, Nc
Laren Brothers of Dayton, Ohio,
taking the lease. One Of the most
important gold strikes in the state
was made in this claim which
Griffiths and Buisson purchased
from J. C. Villas, chairman of the
board of the Park National Bank
at Livingston.
Apparently the entire surface
of this claim carries high gold
values in the soil and clay and
during the time that the McLar-
ems operated the mine, before be-
ing closed down by winter wealth
err, they took out about $500 a
day in surface ores that they
shipped to the East Helena and
Anaconda smelters. The values
were all in fine gold. At this time
it is not known what area the
naturalization covers or how deep
it goes but it shows up over quite
an acreage and as deep as they
have gone.
ut appears that n of the big
booms of the country will take
place in that vicinity this year as
this is perhaps the leading gold
strike made in the United States
in 1888. The operating companies
will try to mill the ores on the
ground and they have been busy
for several months trying to work
out a flow sheet that will handle
the ores in a satisfactory manner.
"There is an excellent road to
Cooke from Gardiner at the north
entrance of the Yellowstone Ma
tional park, about 81 miles dis
lance, and the new highway from
Red Lodge to Cooke will likely be
completed this year.
"McLaren Brothers are notably
successful miners, having engaged
in several dredging enterprises
with good success. They were
formerly engaged in the manu-
facture Of ice cream and