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Nevada Nugget Hunters Nevada gold nugget hunters forum, prospecting in Nevada, Nevada gold locations, Nevada Gold Nugget detecting
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A Nevada gold nugget detector forum. Chat about prospecting in Nevada, good areas to hunt for gold in Nevada, and talk about the latest metal detector technology. Minelab, Gold bug 2, Tesoro, Whites detectors, etc. are welcome. Display your finds!
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rehab
Joined: 15 Aug 2006 Posts: 939 Location: NEVADA
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Posted: Mon May 07, 2007 6:59 pm Post subject: MONTANA'S GOLDEN HORSESHOE TMJ 3 30 1937 |
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NARRATIVE
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OLD DREDGE PICTURE
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rehab
Joined: 15 Aug 2006 Posts: 939 Location: NEVADA
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Posted: Mon May 07, 2007 7:04 pm Post subject: TUNNEL AT TROY, MONTANA TMJ 7 15 1930 |
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INCLUDES PIC OF J F POWERS
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rehab
Joined: 15 Aug 2006 Posts: 939 Location: NEVADA
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Posted: Mon May 07, 2007 7:07 pm Post subject: SPRING HILL MINE, MONTANA TMJ UNK |
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rehab
Joined: 15 Aug 2006 Posts: 939 Location: NEVADA
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Posted: Mon May 21, 2007 7:37 pm Post subject: NEW ANACONDA MANGANESE PROCESS TMJ 1 15 1930 |
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for JANUARY 15, 1930
ANACONDA METALLURGISTS EXPERIMENT IN NEW PROCESS
Under its present system of operating, the Butte Copper and Zinc Company in Montana, subsidiary of the Anaconda Copper Mining Company, is mining two classes of ore, a sulphide and a “pink” manganese. The sulphide is shipped for treatment to Anaconda, where the manganese is lost, and the manganese ore is shipped to the Domestic Manganese and Development Company, where any sulphide values that may be contained therein are lost.
Anaconda metallurgists are now testing a process, which, if successful, should mean a greater saving of all the metallic minerals and eliminate mining two classes of ore. The flotation process is being used in the tests, first floating out the sulphides, which go to preferential flotation machines for separating the lead and zinc sulphides, and then dropping the silica away from the pink manganese, giving a high-grade manganese concentrate, which, it is claimed, can be more readily roasted than the present crude pink manganese ores. _________________ STUDY, And be FREE from the BONDS of IGNORANCE! |
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rehab
Joined: 15 Aug 2006 Posts: 939 Location: NEVADA
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Posted: Mon May 21, 2007 7:38 pm Post subject: MONTANA MINING NEWS MINING JOURNAL 1 15 1930 |
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THE MINING JOURNAL
MONTANA
Two December dividends were reported by Montana mines. These were paid by the Butte Copper and Zinc Mining Company, and the Butte and Superior Mining Company, both paying at the rate of 50 cents a share. The former disbursement was $300,000 and the latter $145,098.
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The initial mill unit of the Running Wolf Development Company, at Stanford, Montana, J. O. Helsing, manager, will have a capacity of 50 tons daily, with provisions for enlargement to 500 tons daily. Mine development has reached the 300-foot level, and it is estimated that $20,000 worth of lead, silver, zinc and iron values, are on the dump awaiting milling. The vein is of the fissure type, and varies from 35 to 5 feet in width. An assay made at the 300 level, shows 24 percent lead, 6 ounces silver, 3 percent zinc, and $5 iron, to the ton.
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Benjamin F. Stevens, Benjamin L. Stevens, Rosalie E. Stevens, George C. Whitcomb, and Charles Whitcomb, all of Dodson, Montana, have organized the Katie B. Corporation, to develop mining property at the old mining camp of Zortman.
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The last carload of ore shipped to the Timber Butte Mill, of the Anaconda Copper Mining Company, from the 400 Level of the South Grey Eagle Vein, of the Basin Montana Tunnel Company, netted $2,360, after payment of freight, milling charges, and metal deductions. Mineral values were in lead, zinc and silver. The 500 Level has been opened, and drifting is in progress to reach the downward extension of the vein. Samuel Barker, Jr., Butte, Montana, is general manager.
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The Boston and Montana Mines Company, W. R. Allen, president, has completed a narrow gauge railroad, from its property at Coolidge, Montana, to the Oregon Short Line at Divide. Development has been in progress underground for several months, and it is planned to place the concentrator in operation soon, according to Mr. Allen.
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The Montana Mines Corporation, Gust Carlson, general manager, Helena, Montana, placed its new 1,000-ton crushing plant at the Spring Hill Mine, in operation. Additional flotation machinery is to be installed in the flotation plant, which already has a capacity of 200 tons daily. The company has been realizing profit since the installation of its new machinery.
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The Anaconda Copper Mining Company has declared its regular quarterly dividend, payable February 17, to stock of record January 11, 1930. Payment is $1.75 a share.
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The Empire Mill of the Metalsmith Mines Corporation, T. N. Kerruish, general superintendent, Helena, Montana, has been remodeled, and placed in operation on a three-shift basis. This is one of the first all-flotation plants in the Marysville District, and has a capacity of 100 tons daily. Ore for milling is coming from the Bell Boy, and the Smithville Mines, and averages $20 in gold, copper, lead, silver and zinc. The cost of mining, tram hauling, milling, and other expenses, is expected to average $7 per ton, and after the second unit of the plant is installed, will be reduced to about $4 per ton.
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It is understood that the Montana Copper Corporation is making plans to install a 500-ton daily flotation plant at its Moffet Mine, in the Tobacco Root Mountains, in Madison County, Montana.
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Tests made on the ore in the Timber Butte mill, in which the ore was concentrated in the ratio of 13 to 1, returned a concentrate, assaying 26 percent copper. A half-mile tunnel is planned to cut the ore at a depth of 1,200 feet. William C. Siderfin and Charles J. Stone, Box 374, Butte, Montana, are interested in this organization, as are New York and Washington, D. C., men.
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The Granite Bi-Metallic Consolidated Mining Company, is building a 250-ton mill at Philipsburg, Montana, equipping it with the flotation process. J. C. Yob is superintendent of the company.
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Surveys have been made for a transportation tunnel to serve 11 mining properties, on Grouse Mountain, in the Troy District, in Montana, and the work will be started as soon as the contracts for power have been returned from the East. The survey for the power line has been completed also. The tunnel will be about 6,000 feet in length, and about 8x9 feet in the clear. It will reach its objective, the Silver Strike Ground, at a depth of probably 2,200 feet. Between $75,000 and $100,000 will be necessary to carry the work to completion. Kansas City capital is financing the work, under the name of the Mecca Mining Company. Dr. John B. Crutcher of Kansas City is president of that organization, and also of the Liberty Metals Company, and the Silver Strike Mining Company, a new organization in the same district. Associated with him in making plans and carrying the work to completion is J. F. Powers, Box 807, Troy, who is general manager for Liberty Metals. The properties along the course of the tunnel have been proven to contain considerable ore, although it has not been mined to any extent.
=-=-=-= _________________ STUDY, And be FREE from the BONDS of IGNORANCE! |
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rehab
Joined: 15 Aug 2006 Posts: 939 Location: NEVADA
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Posted: Mon May 21, 2007 7:39 pm Post subject: MONTANA MINING NEWS MINING JOURNAL 1 30 1930 |
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THE MINING JOURNAL
MONTANA
Under the management of J. F. Powers, Box 307, Troy, Montana, the Mecca Mining Company, buildings are being constructed to house a crew during development. A compressor, large enough to run three drills, is being moved from the Montana-Sunrise Mine, and will be used in driving the long tunnel in Mecca ground.
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Six mining claims, about four miles from Sheridan, Montana, have been taken over by a group of men, known as the Broadgauge-Tamarack Mining Company. Alex. Leggat of Butte, Montana, mining engineer, is president and general manager of the new organization, and with him are associates George Martin, W. E. Curry and A. McTaggart, business men of Butte, and E. M. Smith, also a business man at Billings, Montana.
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The Gold Creek Dredging Company, Patrick Wall, vice-president and manager, Butte, Montana, has received more than half of the machinery to be used in its dredge, which is said to represent an outlay of approximately $250,000. Forty-two carloads of machinery are necessary to complete its construction. Work at the present time is delayed somewhat, awaiting the arrival of a shipment of Oregon Fir, representing an investment of $19,000, and which is expected shortly. The point at which the boat is being set up, is about 1,000 feet north of the ghost city of Pioneer, between the town, and the railway tracks.
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The Crystal Lake Gold Mining Company, R. Pulver, president, Twin Bridges, Montana, has made application for patent, on the Pauper’s Dream, Gold Hill, Hammerway, and the Happy Go Lucky, lode mining claims in Madison County.
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The Ardsley Butte Mines Corporation, B. E. Sawyer, general manager, Butte, Montana, recently shipped four consignments of ore, from its Highland Group, in the southwestern Butte District, and one carload from its Virginia City property. These shipments gave net smelter returns of from $11 to $102 per ton.
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The Telegraph Mining Company, recently organized, intends to develop a gold property, near Elliston, Montana. Capitalization is $5,000,000. The incorporators of the concern are William J. Harris, Fred A. Davis, and Richard W. Nuzum, Columbia Building, Spokane, Washington.
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It is understood that the Royal Montana Mines Company, recently organized, has been financed by Montana men, for the development of the Black Eagle, the Gray Eagle, and the Native Silver mines, in Barton Gulch, near Alder, Montana. A force has been engaged and regular shipments will be started shortly. C. E. Hasler of Alder, is head of the organization.
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Good showings of ore are reported from the Comet Mine, near Boulder, Montana, where a force of 32 men are employed. Frank McNulty is foreman.
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A recent report on the Zonolite Mining Company, C. N. Ally, general manager, Libby, Montana, is to the effect that a new conveyor will be installed in the spring, to facilitate the removal of ore. The cost of its installation is estimated at $70,000. Zonolite is a new mineral, and has remarkable qualities as an insulator. _________________ STUDY, And be FREE from the BONDS of IGNORANCE! |
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rehab
Joined: 15 Aug 2006 Posts: 939 Location: NEVADA
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Posted: Sat Jun 09, 2007 9:16 am Post subject: MONTANA MINING NEWS MINING JOURNAL 6 15 1930 |
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THE MINING JOURNAL
MONTANA
The Anaconda Copper Mining Company disbursed its regular quarterly dividend at the rate of $1.75 a share in May. The sum disbursed was $15,449,100.
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The old Monte Cristo Mine in the Rimini District, 20 miles southwest of Helena, Montana, has been organized as the Monte Cristo Mining Company. E. J. Mo, formerly of Big Timber, Montana, but now of Seattle, is the moving spirit in the enterprise, and with him are associated Mrs. Helen K. Mo, F. C. Jackson, and Robert Farrington, both of Seattle; John W. Dowling and J. P. Taylor, both of Hamilton, Montana, and W. D. Wilson of Basin. David Kirby, Mrs. Mo’s father, discovered and prospected the ground 38 years ago, and shipped some ore to the East Helena and Anaconda smelters. Later, the W. A. Clark interests spent about $25,000 in development. Two important showings have been located. One is a 12 to 14-foot vein in the tunnel, from which samples assay 32 ounces silver, $8 gold, and 7 percent copper, and the other showing has yielded 55 ounces silver and 77 percent lead to the ton.
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The Great Divide Mining Company, Marysville, Montana, is moving the compressor, steel sharpener and some other equipment from the Gray Eagle Mine, near Osburn, Idaho, which has been worked for a time by Montgomery Waddell, vice-president and treasurer of the Great Divide Company. The latter mine is in the vicinity of the Bell Boy and Empire mines of the Metalsmith Mines Corporation, which has erected and is operating a modern flotation mill.
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W. H. Carroll, R. Lewis Brown and Thomas L. Tutty, all of Butte, Montana, have incorporated the Butte Revenue Mines to operate the Revenue Mine, near Norris. The ground is equipped with mining machinery, and was formerly worked by the Revenue Mines, inc. It is said that more than $2,500,000 in gold was extracted, to a depth of 200 feet.
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The Anaconda Wire and Cable Company, has acquired through its subsidiary, the Anaconda Wire and Cable Company of California, all the property and assets, except certain accounts receivable amounting to $71,567, and unimproved real property, of California Wire and ‘Cable Company, in exchange for 12,000 shares of the Anaconda Wire and Cable Company.
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The Butte Copper and Zinc Company, A. J. Seligman, president, 42 Broadway, New York City, is shipping about 350 tons of pink manganese ore, daily, to the roasting plant of the Domestic Manganese and Development Company, J. H. Cole, president and general manager, Milwaukee Depot, Butte. It is reported that within a short time, the company will ship daily a substantial tonnage of crude manganese ore to the Colorado Fuel and Iron Company at Pueblo, Colorado.
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The Diamond City Mines Company, M. A. Ellis, general manager, Townsend, Montana, has commenced the season’s work. Production is from an open pit, and a gas shovel and hydraulic equipment are being used. Robert Neilson, 912 Hoge Building, Seattle, Washington, is president of the organization.
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The Tip Top Mine., Inc., O. V. Miller, Libby, Montana, general manager, intends to enlarge its 25-ton flotation plant, build a dam for water power, and put in a compressor for cheap power. At the present time only about four tons of ore are being mined daily. The system of mining is from a tunnel, and from an open pit. A small force of four men is employed.
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The Parker Process Mining Company is again working its gold trap on the Vermillion River, near Trout Creek, Montana. Tacoma, Washington, capital has been brought into the organization by Drs. J. M. Ogle and J. Henry Hook, who recently visited the ground with Calvin H. Barkdull, engineer of Seattle.
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Plans have been laid to continue the 500-foot prospect tunnel in the property of the Grouse Mountain Mining Company, at Troy, Montana, and a compressor, drills and other equipment, are being hauled in to facilitate the work. S. S. Haugen of Troy is president and manager of the organization.
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Foundations are being prepared for the construction of a 60-ton oil flotation mill on the property of the Liberty Metals Company at Troy, Montana, S. F. Powers, general manager. This plant is to be completed by July 1, and electric power connections established. Underground, a crosscut is being run 150 feet to tap the undeveloped [orebody} 400 feet long, 225 feet high, and one to four feet wide. Fourteen men are on the payroll.
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The Glengarry Mining Company, Cooke, Montana, George Rich, general manager, is making preparations to complete the erection of a mill this summer. Gold, silver, and copper, are the principal minerals in the ore. Thirteen men are working.
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The Princess Gold Mining Company, H. C. Harris, secretary and manager, Box 445, Thompson Falls, Montana, has just completed its mill and is producing. The mill is a gravity concentration plant, and can handle 100 tons of ore daily. The mine has been opened to a depth of 700 feet, and lead and silver are the principal minerals found in the ore. About 20 men are on the company’s payroll. W. S. McCurdy of Thompson Falls is president of the organization. George A. Snow is mill superintendent.
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Before the end of two months, the Emmons-Howard Mining Company plans to be extracting the gold content from its placers, near Trout Creek, Montana, according to H. H. Howard of Spokane, Washington. Nine men are working at the placers, and installing a sawmill and pipe for a hydraulic giant. On June 2, the officials of the company and the Montana Road Commission met at Superior to discuss the building of a road from Superior, through Trout Creek, and into the Clearwater District in Idaho. This road would cost in the neighborhood of $150,000, but the decision reached at their meeting has not reached us yet. The mining company has 640 acres of virgin placer ground, and the distance to bedrock is said to average eight and one-half feet.
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The Comet Consolidated Mining Company, F. C. McNulty, mine superintendent, Boulder, Montana, intends to either build a 100-ton mill, or remodel the old mill on the ground, and install selective flotation equipment in it. A new gallows frame 65 feet high, a 250-horsepower double drum hoist, and a gravity tram, are to be installed. The tram will connect the ore docks, either at or near the shaft, with the ore bins at the mill. Operations are confined to the 400-foot level, but the installation of the hoist will enable the company to operate to greater depth. About 40 tons of ore, carrying lead, zinc, gold, silver, and copper, are being mined daily. The operating personnel includes: F. W. C. Whyte of Anaconda, Montana, president; T. C. Russell of Butte, general manager; C. A. Trout of Butte, assistant general manager, and Mr. McNulty. Thirty men are on the payroll.
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The White Pine Gulch Mining Company, A. G. Staton, president, Havre, Montana, expects to ship some ore this fall. This mine is only a prospect, but a 60-foot dike of ore that runs from $80 to $112 a ton in gold, silver and lead has been opened. An 80-foot shaft has been sunk on the ore, and a tunnel is being started. Two men are working.
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The Montana Mines Corporation, Gust Carlson, general manager, Helena, Montana, has started stoping the East Orebody, where values are running higher than in the No. 1 Orebody of the Spring Hill Mine. A drift has been run through the ore 200 feet, and the limits of the deposit have not been reached. Development is through the No. 5 Tunnel. In the No. 1 Orebody, from 15,000 to 20,000 tons of ore were broken in one round, which consumed almost a ton of powder.
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Within a few days the Golden Valley Mining Company expects to be working three crews of miners at its property, near Superior, Montana. Stanley M. Brown of Spokane, Washington, is manager of the company, and Gus Nygren, an experienced placer miner, is superintendent at the mine. The pit is equipped with modern machinery, is electrically lighted and supplies are ready for work.
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On June 1, the Butte Independent Mines Company intends to start sinking one of its shafts from the 250-foot level, to a depth of 1,000 feet, according to John A. Roos of Butte, who is acting manager for the organization. Silver, lead and zinc are the principal minerals in the ore, and the ground is owned by the company. W. C. Siderfin, also of Butte, is president.
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Montana Lead, Inc., has decided to install flotation equipment in the mill it will build at Red Mountain, in the Rimini District in Montana, this summer, according to a recent report received from President and General Manager P. B. Barbour, Box 782, Helena. More than 4,800 feet of development, attaining a depth of 1,200 feet, have been completed in the mine, and have insured a good supply of ore, rich in lead, silver, gold, copper and zinc. Thirty men are on the payroll.
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On its 600 Level, the Basin Montana Tunnel Company, Samuel J. Barker, Jr., manager, 15 West Broadway, Butte, Montana, has opened some of the highest grade gold ore found in the Grey Eagle Mine, at Basin, since it came under the present management. The west face is in more than 15 feet of milling and shipping values, containing copper pyrite and grey copper. The east face has been driven more than 860 feet from the winze, and is in ore that assays 17.5 percent lead, 15.6 percent zinc, 67 ounces silver, and $14.40 gold, to the ton. Manager Barker estimates that $1,200,000 worth of ore are developed in the Grey Eagle.
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L. E. Neale, general superintendent for the Glacier Silver-Lead Mining Company at Libby, Montana, has tuned in the 850-ton mill, and started it operating on a two-shift basis. It is understood that the flow sheet has been so simplified that the mill can be operated by one man on each shift with a helper, to feed the crusher. S. B. Holbert, 617 Peyton Building, Spokane, is consulting engineer for the organization, and is now directing the placing of chute lips and the stoping of the west vein on the 400-foot, or main haulage level. _________________ STUDY, And be FREE from the BONDS of IGNORANCE! |
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rehab
Joined: 15 Aug 2006 Posts: 939 Location: NEVADA
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Posted: Wed Jun 27, 2007 10:03 pm Post subject: NEW MAP OF GREAT FALLS, MT TMJ 6 30 1930 |
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NEW MAP OF GREAT FALLS, CONRAD REGION, MONTANA
A new map showing the geologic structure of the Great Falls—Conrad region, covering about 4,500 square miles in north-central Montana, has just been completed by the geological survey, as one result of field investigations in 1929 in furtherance of its work of classifying public lands with respect to their mineral value.
In addition to the structural features, which are depicted by contours on the top of the Madison limestone, the map shows the areal geology, the principal roads, railroads, settlements, etc., in the area, and the location of all wells drilled for oil and gas outside the Pondera, and Bannatyne, oil fields.
It also includes representative stratigraphic sections for the western and eastern parts of the area. The scale of the map is 4 miles to the inch, and the area specifically covered is Ts. 20 to 80 N., Rs. 1 to 6 E. and 1 to 5 W., Montana meridian, including parts of Toole, Pondera, Liberty, Teton, Chouteau, Cascade, and Lewis and Clark counties. The field and office studies involved were made jointly by C. E. Dobbin and C. F. Erdmann, geologists.
A few copies of this map are available at the offices of the Geological Survey in Washington, D. C., at 815 Fratt Building, Billings, Mont., and at Shelby, Mont., for distribution to those having particular interest in the area. _________________ STUDY, And be FREE from the BONDS of IGNORANCE! |
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rehab
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Posted: Wed Jun 27, 2007 10:04 pm Post subject: MONTANA MINING NEWS MINING JOURNAL 6 30 1930 |
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for JUNE 30, 1930
MONTANA
All of the property, claims, leases, equipment, and supplies of the defunct Wilmont Madison Organization have been acquired by the Virginia City Mining Company, recently organized under the laws of Montana, with a capitalization of $100,000, divided into $1 non-assessable shares. The Virginia City Company also controls the Silver Bell Mine, where it is estimated that the values in the dumps alone would pay for the installation of a small mill. Butte, Montana, and California men, are back of the organization. Its officers are: Rupert Garrison, president; Frank M. Wright of Virginia City, vice-president; F. W. Bleck, cashier of the Elling State Bank, secretary-treasurer; George B. Allen of Virginia City, and Julian A. Knight of Twin Bridges, counsel. Financial arrangements are being made to start development.
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The Montana Park Mining Company has been financed to the extent of $500,000, by men on the Pacific Coast, according to vice-president and general manager C. E. Hasler of Alder, Montana, who has just returned from San Francisco. The funds will be expended in the development of the mines formerly operated by the Barton Gulch Mining Company: the Metallic Mine owned by the estate of the late W. O. Thompson; the Native Silver, and the Black Eagle, all located in Barton Gulch. The mill on the Barton Gulch ground is being remodeled, and will be used to treat ore from all of the mines.
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The Montana Mines Corporation, Gust Carlson, general manager, Helena, Montana, expects to receive its new ball mill from the Hardinge Company, Inc., about August 1. This is the third Hardinge mill that the company has purchased and installed, and it has a capacity of about 200 tons in 24 hours, which is equivalent to the capacity of both of the seven-foot by 36-inch ball mills now in operation. Additional ore bins, and some other equipment, are being installed in connection with the increased capacity. On account of the low market price for silver, lead, and zinc, no work is being done on the company’s properties at Winston, 25 miles southeast of the Spring Hill Mine.
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The report of the North Butte Mining Company as of May 1, 1930, showed cash and cash items amounting to $453,880.52. The company resumed operations on April 11, 1929, and in the year ended March 31, 1930, shipped 77,294 tons of copper ore, and 11,056 tons of zinc ore, or a total tonnage of 88,350, with a net value of $604,629.88, and a metal content of 5,464,573 pounds of copper, 2,708,478 pounds of zinc, 122,795 pounds of lead, and 243,095 ounces of silver. A special meeting of the directors will be held on July 2, at which meeting the authorized capital will be increased from 1,500,000 to 2,000,000 shares. The additional stock will not be sold unless necessary, and, if sold, present stockholders will be given the first opportunity to purchase the new stock.
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According to John Semple, 200 Symons Building, Spokane, who has examined the property of the Golden West Mining Company, near Libby, Montana, the vein in the Little Annie Mine has increased from three or four inches, to 30 inches. To date, about 160 feet of development have been completed on this showing. The ore in the New Discovery, an adjoining property, is in one place 30 feet wide, and can be seen at the surface 100 feet. Some of the early development will be done in the latter ground, and considerable tonnage is expected. Gold, lead, silver, and zinc, are found in the ore. Fourteen men are on the payroll.
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The California Mining Company has taken over the mining property, under bond and lease from the Alder Gulch Consolidated Mining Company, near Virginia City, Montana. Frank Ziehosch of San Francisco, is in charge of the ground, and intends to install a dredge. The machinery is scheduled to arrive on the ground by July 1.
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Rather extensive development is in progress at the Flathead Mine, of the Anaconda Copper Mining Company, under the supervision of John F. Dugan, Box 499, Kalispell, Montana. The ore mined during development, is hauled by truck to Kila, and shipped by rail, to the smelter and, in spite of the high cost of handling and the low market for silver, is more than paying for the operation. Forty-two men are on the payroll, exclusive of the men who are operating six trucks, and who are working under contract. The camp is assuming sizeable proportions, with an office assay room, blacksmith shop, boarding house, 15 two-room cabins for the men, and the superintendent’s house. Experiments on the ore are being made with a view to installing a mill at the mine. _________________ STUDY, And be FREE from the BONDS of IGNORANCE! |
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rehab
Joined: 15 Aug 2006 Posts: 939 Location: NEVADA
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Posted: Wed Jul 11, 2007 10:06 pm Post subject: MONTANA MINING NEWS MINING JOURNAL 7 15 1930 |
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for JULY 15, 1930 47
MONTANA
The Glacier Silver-Lead Mining Company, L. E. Neal, general superintendent, Libby, Montana, is milling an average of 100 tons daily, in its enlarged plant. The ore is silver-lead, with some values in gold, and iron. The work is on a one-shift basis in the mine, and one and a half shifts are working the mill.
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The directors of the Anaconda Copper Mining Company,have announced a reduction in its dividend from $7 a share, annually, to $8.50 a share, annually. Accordingly, they will disburse the quarterly dividend on August 18, to stock of record July 12, 1930, at the rate of 87˝ cents a share. Reductions have been made in the subsidiaries of Anaconda also. Greene Cananea has reduced its dividend from $8, annually, to $3: Andes Copper halved its dividend, and will pay 87 ˝ cents a share, quarterly, instead of 75 cents.
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During the first 15 days in June, the Montana Mines Corporation, at Helena, Montana, Gust Carlson, general manager, handled 8,083 tons of ore, or an average of 205.5 tons a day. Since the first of this year, the company has been handling a gradually increasing tonnage of ore.
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The Nugget Placer Mining Company, S. M. Logan, president, Kalispell, Montana, has constructed 200 feet of sluice boxes, 150 feet of steel rail riffles, and 150 feet of block riffles, on Libby Creek, near Libby. A 60-horsepower dragline machine has also been installed, and it is estimated that it can handle 1,000 yards of gravel, daily. The work is supported by local capital, and in charge of W. R. Logan.
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The Standard Silver-Lead Mining Company, Charles Hussey, secretary and manaager, Empire State Building, Spokane, is said to have followed a vein of ore for 450 feet in the lower level of a property in the Winston District, in Montana. The ore averages a width of about five feet, and contains good values in gold, silver, and lead, with a small percentage of zinc. The ground was abandoned 40 years ago, on account of the high cost of and marketing the ore at that time, and extracting has only recently been taken over by the Standard Silver-Lead.
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Air connections have been established in the lower tunnel, of the Commonwealth Lead Mining Company, R. B. Garff, general manager, 219 Colfax Avenue, Salt Lake City, Utah. This property is in the vicinity of Melrose, Montana. The first round of holes was drilled on June 9, and during that week, a tunnel, 5x7 feet, was driven 45 feet.
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The Jodie Mining and Development Company, C. W. Potts, president and general manager, Waterloo, Montana, has suspended the development of the Strawn Mine, ending the extension of the lease and bond, under which it had been working. Some good leads of milling ore have been opened, and a mill is included in the program of further development.
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The Crystal Lake Gold Mining Company, E. B. Pulver, president, Twin Bridges, Montana, has made application for patents on the Sunbeam, Sunbeam Fraction, Bessie, and Thelma Mining Claims, in the Tidal Wave Unorganized Mining District, in Montana. _________________ STUDY, And be FREE from the BONDS of IGNORANCE! |
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