Show THE DEWEY HOMESTAKE COMPANY that gold is where you find it is seemingly a condition in these latter days which confronts the prospector and miner who have long held to the belief that the precious metal must exist in certain formations and in certain localities and in no others in other words the veteran prospector will not look for gold veins and ledges unless every condition conforms with his cut land and dried beliefs as to where the yellow metal should exist it is for this reason tuat valuable mining ground centrally located has long been ignored in the district of which silver city idaho is the commercial center only to be acquired during the past few years by a prospector who was willing to accept conditions ashe found them instead of insisting that nature conform to his ideas As a result a most promising prospect has been developed and a company formed for its development and operation concerning this company the capital news of boise says the dewey homestake Home stake mining company which was recently organized with A E carlson as president C A vice president louis arens secretary and geo fletcher treasurer has taken over what is known as the dewey homestake Home stake mining property on granite mountain near dewey and will start active development work on the property at once the property is located in the owyhee owahee mountains near silver city and is one of the most promising claims discovered there in recent years for the amount of de work done it has made as fine a showing as many of 0 the older mines in that section the property was discovered by george schalke early in 1893 after several months of prospecting he having panned some rich gold from the gravel some two miles below where he later discovered the outcroppings outcrop pings of the ledge which proved to be a mammoth dyke of rhyolite so strongly impregnated with mineral that the surface resembled a vast bed of hematite hemi tite ore work on the property showed that beneath the surface the honeycombed honey combed rock carried good values mr schalke improved the property to the extent of his ability but not having means and being unable to get te rested because of the central location of the property which people stated could not have been overlooked for so long and again being in a district unknown as a mineralized belt the discoverer was unable to interest parties and the only development was done by him recently while in that district mr a mining expert from kansas city who has opened offices here made an investigation of the property took samples of the ore from which he received assays essays varying from 98 on the surface to as high as per ton at the bottom of the shaft which is feet A further investigation of the property was made with the result that a company was formed and george schalke engaged as superintendent to improve the property which the owners believe will prove one of the bonanzas of the silver city district |