Show MONTANA MINING NOTES harry T lewis member of the well known assaying firm of lewis walker butte has sold his interest in the firm to J S roach brother of edward roach the remaining member of the firm standard silver lead company of spokane has purchased the jack rabbit mine four miles east of melrose silver bow county from mclaughlin brothers the company expects to install new equipment and begin operations immediately dr F A ironside john roos and associates of butte have incorporated the ardsley butte extension mining company to work the gold stream claim situated directly east of the highland property of the ardsley butte mining company john mcbarron Mc Barren steve serdan minin mining men inen of butte have organized the victoria gold mines to to take over the famous broadway property near silver star madison county the property contains a large body of low 6 grade ore amenable to the cyanide process L 0 goodman president of the ardsley butte mines company tom tomich and S crocker butte bankers have organized the alder gulch mining company to take over 2000 acres of virgin placer ground at alder gulch st starting artino 6 at a point about two miles below virginia city madison county A steam shovel has been installed which will handle yards of gravel per hour what is considered a remarkable record in mine financing has just been reported by the north butte mining company which under its reorganization program sold to its stockholders close to of stock at per share when the stock was selling in the open market around per share subscriptions from butte alone totaled better than additional treasury stock will be sold to liquidate indebtedness and reopen its property william H hax president of the basin montana tunnel company is in montana supervising the starting of operations at the large holdings of the company two miles east of basin about 25 men are at work the main efforts at this time being confined to opening the gray eagle workings situated at the north end of the property to extract the large ore bodies left from former operations it is said that this ore runs high in copper lead and silver but could not be handled economically in the past on account of the high zinc content after the gray eagle is opened the main tunnel will be started at a point close to the main highway between butte and helena and lose close to the great northern railway the company controls some 74 claims or more than 1200 acres on comstock hill the west flank of high ore gulch |