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Show THE CITIZEN 4 The Idaho Gold Corporation is incorporated for 5,000,000 shares. Of these, 2,000,000 shares have been turned over in acquiring the companys properties; the remaining 3,000,000 shares, or 60 per cent of the entire capitalization, is in the companys treasury for the financing of mine exploration and development. Mr. Shorts singularly luminous and incisive report follows, in full : ENGINEERS REPORT OF IDAHO GOLD CORPORATION. Salt Lake City, November 29, 1921. To the President and Hoard of Directors of the Idaho Gold Corporation, Salt Lake City, Utah: Gentlemen : In accordance with your instructions, I have made an examination of your companys property at Rocky Par (Bear Creek Mining District), Idaho, and herewith respectfully submit my report. PROPERTY: The property' owned by the Idaho Gold Corporation, as of this date, at Rocky Bar, Elmore County', Idaho, consists of twenty-seve- n mining claims acquired by purchase, and six mining claims acquired and held byr miners location, making in all approximately' 600 acres of lode mining ground ; in addition to which, the company has acquired byr purchase two and one-ha- lf miles of placer ground which is contiguous to the lode claims. Three men, engaged by the Idaho Gold Corporation, arc now acquiring other valuable adjoining lode claims which may' be expected to increase the companys estate to more than 800 acres. Both the lode and placer claims are located in and adjoin the town of Rocky Bar. Rocky Bar is about ninety' miles north of the Nevada border line in southwestern Idaho, and is sixtv miles from Mountain Home, Idaho, a station on the Union Pacific line, and forty miles from TTill City, Idaho, a station on the Richfield branch of the Union Pacific Railroad. An automobile road extends from either railway station up to the mining property' of the company. Its altitude is 5,280 feet. The surrounding country is mountainous. The lode mining claims form a compact group, covering an area of mineralization considerably' more than two miles long and half a mile wide, and running parallel to the strike and covering the apex of a high-grad- e that has already produced millions gold from shallow levels in a very small area. The companys property embraces all of the acreage of the Vishnu mine, reputed to have produced $3,000 000 in high-grad- e gold ore from a scries of fissure veins. 40 to 60 years ago : all of the Mountain Goat property, reputed producer of in the neighborhood of $2,000,000 in similar gold ore, during the same period ; fully 4,500 feet of intervening ground, on the strike of the two vein systems of these noted producers; a wide expanse of acreage, contiguous on three sides to the famous Ida Elmore and Ada Elmore claims, reputed producers of $5,000,000 or more, forty to sixty years ago. and more than a mile of ground on which the Tda Elmore vein crops at intervals on the surface. vein-syste- m free-millin- f g, HISTORY: The Ida Elmore, Vishnu and Mountain Goat properties form the backbone of the camp of Rocky Bar. When discovered in the late 60s, and throughout the period of early development which continued up to the early 80 s. the trio produced, it is estimated bv competent authorities. $10,000,000 in gold ore that averaged, according to available government records, $80 a ton. According to the same government records (quoted at length farther on), the ore was found in lenses averaging four feet wide, contained in true fissure veins that occur in granite formation. In those early territorial days. Idaho was largely an untracked wilderness. The population did not equal one man to each three square miles. Mining machinery was shipped around the Horn to the nearest seaport, which was Portland. Oregon. 700 miles away, and then transported overland across an almost impentrablc and impassable mountain wilderness, at a cost of $1.00 a pound, to Rockv Bar. The records of those early days show that even flour, obtained from relatively nearby points, commanded a price of $1.00 a pound. Costs of all kinds were prohibitive, proper mining machinery was I y almost unobtainable when actually needed, and methods, of nuni were primitive as compared with today. There was want of cap and of capable management, and the hazards- and risks of mjn Judge t ' on the whole were beyond present-da- y comprehension. It seems e t sun to determine that had these mines been opened up during the p ,nkey 'v ed to few years, instead of in the almost impossible times and under almost impossible conditions that prevailed in the Idaho wilderness in thes fifty years ago, they would have told a different story and be no iereflee all c their heyday. ;h Besides the natural ills that gold production suffered from blame Rocky Bar fifty years ago, newspaper records show that the op ing to ating companies were grossly mismanaged by speculating trusted The Ada Elmore, a single mining claim which adjoins the Deer Tra I claim of the Idaho Gold Corporation, at a time when it was claimii t am to yield $270 gold for each ton of rock, was asking for capital to repa 1 1& the deliberate mischief worked by the speculators. High-grad- e eiu y deal shipped overland in those days from Rocky Bar, which, according newspaper records, yielded $23 for every hundred pounds of rock. ippon. Raymond states, in Mineral Resources West of the Rock ive Mountains, 1876, (a publication of the U. S. Geological Survey) ile aj The Ada Elmore was steadily' worked until the latter part of Sep :pital s tember when operations were suspended; for what reason I have bee the c unable to ascertain. If it were because the work was not profitabl In the mine ought not to be blamed, for there is certainly' no better gob from mine in the territory of Idaho than the Ada Elmore. psoletc There is a wealth of government data available in the various ; Gr ports of the U. S. Geological Survey, showing quite conclusively the noun - re-- following : ,pabl The ores of the Elmore, Vishnu and Mountain Goat mines latedj at Rocky Bar yielded from $60 to $100 a ton. iiumai 2. The bulk of the production was made from shallow levels, will not deeper than 250 feet, although, in the case of the Ida Elmore, lo a shaft was sunk to a depth of 700 feet and the work stopped there irmec because of lack of pumping facilities which today' would be easily overcome, the flow being only 150 gallons a minute. dth 3. The high-grad- e in in found veins, ore lenses was the gold that and although the principal producing veins of the camp apparently cruis course through what is now the Idaho Gold Corporations property caps for thousands of feet, each of the three rich veins that produced Ne millions has only been mined for a distance of 500 feet on its strike. in Raymond, in Mineral Resources West of the Rocky' Mountains. 1874, states: The principal mining camp in this county is Rocky whj alo Bar, on the Boise River, about 100 miles east from Boise City. A cot a number on of veins here are large grouped together very small area, and while nearly all of them carry strong bodies iul of ore, which, under more favorable circumstances, should insure bi large profits to the owners, there are a few which have acquired a H good reputation, even beyond the limits of the territory. At present this district, like all the others, has to suffer from the effect of high freights, high wages, and cost of living: besides which there is a lack of well constructed. and mills for cheap and efficient treatment of the ores. According to the government record referred to, the Elmore, in 1874, showed: A solid vein of ore two and one-ha- lf feet wide consisting of hard, bluish quartz with some iron py'rite finely' intermixed, and plenty of free gold visible to the naked cye. A large amount of ore has been mined. the report continues, which has yielded, in a second-rat- e stamp mill, from $80 to $100 a ton. This government record describes what is now the Idaho Gold Corporations Vishnu mine thus: In close proximity to the and running parallel to it. is the Vishnu lode. It dips considerably north. On the surface the crevice is four ioet uidc, with a of ten inches, which has yielded at the rate of $100 per ton. A shaft has been sunk on the lode 80 feet deep, and n the has been found to widen steadily until it was two ioet idc in the bottom of the shaft. At a depth of 150 feet below the surface, reached by a cross-cu- t tunnel 234 feet in length, the creice is fourteen feet wide and the n about four feet, consisting of decomposed crevice-matte- r, with seams of iron pyrites and gray anti' mony through the whole mass. The ore taken from the lower stupes 1. '.t gold-beari- ng well-manag- ed i"rc-goin- g, well-defin- pay-stre- ed ak ore-vei- ore-vei- (Continued on page 15) |