Montana oil and mining journal., 1937-01-16

fields. Ltd, are steadily operating, the
latter having shipped several cars o.
high grade ore during 1885 with promise
Of even better results In 1887. as quite
lot Of development work Is being car
ried on at the property, IN accordance
with recommendations recently made
by a well known geologist.
Placer Operations
Several large placer operations are
4 going on in Montana, the largest ol
! these being at Gold Creek. Virginia
! City and north and south OF helena.
| The Gold Greek Mining Co. and Xuba
! Associates are operating a gold dredge,
with capacity Of 1000 cubic yards per
day, on ground formerly owned BY Pat
I Wall, near Pioneer, several miles south
west of the Gold Greek station. The
company paid one dividend in 1885.
Winston Brothers, Twin Cities con-
tractors, have been operating q small
drag line dredge outfit in Prlckly Pear
creek south Of Helena It IS a private
operation and they do not give out
any figures Of their output.
Re-Work Alder Gulch
At Virginia City in Madison county,
we're probably the richest placer de-
pOSitS ever found. These were worked
by hand in the sixties and thence by
dredges owned BY Harvard University
When the price Of gold advanced
Humphrey Brothers of Denver took
an option on a long strip OF ground
north and south Of Virginia City. Here
they have installed the largest dry
drag line gold equipment in the United
States, at a cost of S270O00. OF this
amount they put up $4,000 and bor-
rowed $250,000 from the Reconstruction
Finance Corporation at Washington,
D. G. Their operations were so success
ful they paid back the RFC for the
full amount Of their loan and inter-
est in little over a year.
Extend Last Chance
It has long been supposed that the
placer ground Of Last Chance g!ilch-
which now is Main street in Helena,
extended to the north OF the city.
Porter Bros, contractors, did quite a
lot of sampling there and then bor-
roWed $4,000 from the RFC to install
a floating dredge. Their operations
also were highly successful. as they
also repaid the government loan in a
short time.
Two other properties in Montana
also received government loans OF
s200 900 each, one being the Gold Noun
tain Mines. near Superior in Mineral
county and the other a property near
Townsend.
Jardine Successful
Early in 1886 the Jardine Mining Co
paid a dividend of 10 percent, from Its
successful operations The company
produces mainly gold in the shape Of
bullion and concentrates. The concen- J
trates consist of high-grade arsenical
pyriteS, from which arsenic IS roasted
out and sold as a separate product. The
company also produces high grade
tungsten which usually Is sold to the
steel mills at around 900 per car or
more. Jardine has been doing quite a
lot of development work and is plan |
ming on increasing its operations con-
siderably during 1887
Marysville District
There has been quite lot OF actlVlLy 1
in the Helena district, including the |
camp Of Marysville, where a large num- !
ber of properties are being worked by !
small companies or individuals, the I
main production being gold and silver. !
At York the Golden Messenger Is pay
ing dividends from its gold property be-
ing operated by the United Mines Co.
a strong organization, headed by Gle
ment Quinn of Duluth. Montana Con-
solidated Mines Corporation IS working
It's Spring Hill mine and mill to ca
oacity and also is opening its Carlson
property at Winston by means OF
ong tunnel.
PhiIipsburg Area
PhilipSburg. in Granite county Is
putting forth a large output OF hlgn
yrade chemical manganese concentrates
md silver ores, the main operation De-
ng at properties of the PhlhpSoufg
Mining Co, known as the Granite q
3imetallic group.
Argenta and Bannack IN BeaVerneao
,ounty, have been steadily producing
,old and silver and it is expected thaC
he output from that county Will pe
heavily Increased in 1887.
Neihart Revival
Neihart, in Cascade county, is COM
ng back to life. AT one time 1t was a
arge silver producer, but has been
dormant a number Of years. Spokane
,rokers recently opened the Big Seven
nine, under the name of the Montana
queen Silver Mining Co. They have
,uilt mill and are producing. There
lSo are a number Of new smaller mills
working in that district. To the south
ast, in Fergus county, leasers are re-
working the Kendall mine and tndt-
idual operators are carrying on work
It several properties in the Judith
Mountains around Gilt Edge, produc-
ng gold.
Madison county
Madison county besides producing
'old from placer deposits also is pro-
iucing substantial quantities OF gold
md silver from about 100 quartz oper Il
nI