OCR Text |
Show mi m is " DEVELOPING MiffS Organization of Mining Bureau Bu-reau Brings Forward Number Num-ber of Properties. What promises to be a movement of far-reaching Importance In mining circles and y hlcli Is being successfully demonstrated demon-strated In the Helena mining district near Helena. Mont., and is now attracting considerable con-siderable attention In eastern sections, is the plan of the Helena Commercial club whereby worthy mining properties are brought before the attention of tho investing in-vesting public. It is responsible for the activity now going on In the Helena mining min-ing district. Frank Eichelberger. superintendent of tho York Mining company, operating twenty miles east of Helena. Mont., reports re-ports "that the st:ty-ton cyanide mill, recently re-cently completed. Is In full operation and that "the recoveries being maintained are gratifying. Though the mill has recently been Installed, no trouble has been encountered en-countered In Its operation from the start. The power is being developed from Its own power plant operated by water. A Pelton Improved wheel Is being tiscd ns well as a Wesrtnghouse generator of 225 uUoti-ttflH. whlp.h furnishes the necessary power. Tiie Porphvrv Dyke Mining company at Rimini, of which Charles Frybergor Is superintendent, hir-s completed the installation instal-lation of the twenty-stamp mill. It is operating op-erating on the low-grade ores of the Porphyry Dyke mine and the net recoveries recover-ies aru from $2 to S per ton. On the Shannon group at Marysvale, the development work is being confined to blocking out sufficient ore, which will Justily the erection of a mill. The above three properties are tho direct di-rect result of the activity of the Helena Commercial club which last spring organized or-ganized what is known as the Helena Mining bureau. The objective of the bureau bu-reau is to place before the conservative capitalist properties of worth that w-ill bear investigation. The bureau raised capital by subscriptions among the citizens citi-zens of Helena and the surrounding districts dis-tricts and used the capital to bring various vari-ous promising prospects to a state of development de-velopment where capitalists could be interested. in-terested. Operations were begun in the Scratch Gravel district on two prospects which, among twenty-five others, had been submitted. sub-mitted. As soon as the propi-rUes had been sufficiently opened up to permit of examination thev were submitted to eastern east-ern investors. Some have been sold and some have been leused. The plan has brought to light between twenty and thirty thir-ty different properties that one year ago had not been heard from. |