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Show LDCAL HILL 1 II M MNE Several Veins Show Good Values in Silver and Gold Already Exposed. I-ocal mining- mon have been Instrument;,.! Instru-ment;,.! in the organization of the Silver Trail Mining company at Basin, Mont., to take over the property formerly be-Ixngini? be-Ixngini? to Fred Bloom and Mrs. Edith .Mills, both of Basin. The property consists of five claims, the Hill, Silver Blue, Silver Trail, First Aid and Montana claims, says the Boulder Boul-der Monitor, lying? on the Sullivan Gulch drainage of the Sheep Hock district, just three miles south of the town of Basin. The ttlfvaiion of the property is about ir00 t'e.;t higher than the railroad, and tiie warun road leading1 to these claims is very suitable for ore hauling. The S.Ivor Blue vein is ten feet wide, having a rich streak of ore on the hanging- wall. This ore averages fifteen inches wide, -with values running from 48. 5 ounces silver and $4.60 gold to 91.2 ounces silver and $6.20 gold. The average aver-age value of this ore is $75 per ton. The vein is opened to a depth of twenty feet and shows for considerable distance on the surface. The high-grade ore marks very regularly on the hanging wall of tho vein, and with depth there la a great probability of this ore widening and the entire vein of ten feet coming into shipping ore. This Silver Blue vein ts by no means the only showing on the property. There are five veins exposed to date, and one other vein known to exist which hasn't been prospected. Tho upper veins on the Montana and First Aid claims have been prospected with open cuts and shallow location shafts. Ore gathered from these small cuts, seventeen and one-half tons, was shipped, and returned 112 ounces silver and $9 for three and one-half tons of that amount, and thirty-six ounces silver and $3 gold for the halance of fourteen tons. This shows that the Silver Blue vein, although the most promising showing show-ing to date, ras by no means a monopoly on the high-grade ore to be found on this property. All these claims are of the northeast and southwest series of the Boulder batholith and lie entirely in the granite. From a geologic standpoint this is very desirable, as it assures the veins great depth and continuity. Tho cost of production has been estimated esti-mated at $16 per ton. That is, mining $5 per ton, hauling to Basin $4 per ton, railroad rail-road freight to Butte 51, and treatment charges $6 per ton. This leaves $59 per ton net profit in the grade of ore now exposed. A survey has been made of a crosscut tunnel to cut all the veins on the property. prop-erty. This tunnel will have to be driven only 384 feet to cut the Silver Blue vein at a depth of 180 feet. This will give a very large amount of stoping ground. This tunnel extended another 600 feet will cut all the veins on the property at a maximum depth of 300 feet for the j Montana and First Aid veins. Prepara-I Prepara-I tions are now being made to start this tunnel, and it will be a splendid piece of development work. Three men and a team are now working at the property, getting out logs, building build-ing a cabin and blacksmith shop and making general preparations for winter work. The Montana Power company power line from Great Falls to Butte passes within half a mile of the property, so when machinery is necessary, cheap and convenient power will be available. The company has been organized for $500,000, divided into 500,000 shares; 300,000 shares have been placed in the treasury. The incorporators of the company are M. L. Hewett, J. A. Cowan and M. H. Cowan. They, with Messrs. A. H. Eiselein and E. W. Griffiths, form the |