Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1934-12-15

Under the leadership OF Robert
X. Staley, formerly Of Casper. now
of New York City, ]. w. Bingen-
heimer. Thos. Spears r. H. Nichols,
Fl B. Durham Mike Foley M. j..
Burke and Mark Davis are reorgan~
izing the old Delaware Oil Corpora
ton to take over mining interests
in Montana and Wyoming.
The company will hold a heavy
interest in the Mont-Alaska co.
which has $500 acres OF valuable
geld deposits held under 125 claims
In the New World Mining district
surrounding Cooke City Mont. Cooke
CITY which was a booming mining
town during the nineties Is exper-
iencing a revival Of activity with
the discovery the past year that
highly profitable gold concentrates
could be mined and milled from the
eros Ventre shale.
Cooke City Boom
Since the closing Of the Repub-
lie and Little Daisy mines in the
= Cooke City district prospectors tor
wears had been searching for other
major lodes In the district. Mean
while they overlooked the possibili-
ties Of recovering gold from the
eros Yentre shale which scattered
thru thousands of acres in the dis
trict lies eroded and exposed to the
surface. Working on the theory that
the eros ventre shale, which lies
an uneonf0rmity above the Flat
head Quartzite. acted as a filter for
mineral values when they were
carried up by gases and steam
with the igneous intrusions which
cut and finger thru the sedimentary
beds. George Jimason mining engi-
for the Mont-Alaska trenched
through various portions Of the
eros Ventre. His findings revealed
that the mineral values increased
as the shale approaches the igneous
dikes and monOliths. Assays OF the
formation run from IS to $500 per
ton.
MC1aren Operations
The past summer the Walter
McClaren interests Of Dayton, Ohio,
installed a 6O-ton ball mill and
started operating their eros Ventre
deposits on Red Mountain. The
shale is pushed out with a bull
dozer" and picked up with steam
shovel. The ore Is run thru the
ball mill and treated with the oil
flotation process. The concentrates
are trucked out of the district via
the recently completed s22,O00,0OO |
Cooke fty-Yellowstone Park High |
way to East Helena. Mont, to the |
American Smelling Co., a distance
of ESQ miles.
The McClaren interests are en-
larging their mill TO 200 tons daily |
capacity, while the Glenagarry Min
ing Co., with holdings on Red
Mountain and Scotch Bonnet, the
Co. (John Hays
Hammond ct all and the Mont
Alaska Co., I'm which the Casper
group are interested, are installing /
100 ton daily capacity mills. which
will start operating in the spring.
Is Selgfriedt Operation.
Another project in which the Del
aware company is taking an active
interest is the large placer devel-
opment under way in the gravel
deposits at the confluence of the
Big Horn and Shoshoni rivers In
the northern part Of Wyoming. The
company will hold an interest in
the Mines Engineering Development
Co, headed by DR.. ]. F. C. seig-
friedt Of Red Lodge, Mont. which
operates 1000 acres Of placer claims
in the district Company is operat-
ing a gravel treatment plant there
which handles 1000 yards daily.
The recovery in the district runs
an average OF 81 per yard. Com
pany plans on boosting capacity OF |
plant to 10000 yards per day.
Sweetwater River
The company is also taking over
an interest in the $500 acres of
Placer claims along the Sweetwater