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Show WESTERN MINING GAZETTEER, SMILEY HAS IN DISTRICT, IDAHO, Col. In writing up this district for the Yankee lork At the head of Smiley Creek, and in what C. Clawson says: is known as Smiley Basin, is a group of uncommonly rich ledges. These were in most part discovered by prospectors last season. This year but very little prospecting has been done in Smiley Basin, and only two or three locations made. In the Saw Tooth, a few miles further north, and also to the south on Wood River and Smoky, much prospecting has been done this summer and fall and many new discoveries made. The principal locations in Smiley Basin are the Emma, dis- - or twenty ledges, most of them containing more or less high from 100 to 500 ozs. silver on the surface, but with the exception of the Emma and Vienna, little work lias been done toward developing them. The Emma has an incline shaft down 75 feet on the vein, down which one can walk to the bottom. The vein is from 24 to 4 feet in width, a goodly portion of which assays from 400 to 1200 ozs. A tunnel is now being run to open the ledge at a depth of nearly 1100 feet, and should it prove as good as teerc is above, the Emma will be adorned with a mill by this time next year. The work of development will go on all the winter. Half a mile west from Emma is the Vienna, the best developed mine in the Upper Salmon country. It is principally in the hands of Eastern men, who bought into it last spring after having sent an expert to make an examination of it. Mr. C. J. Johnson of Salt Lake is superintendent, and he has pushed work rapidly since July. The vein is an extension of the Emma, is from two to three feet in width, and very uniform in richness. It is a paying mine from the top down. From less than a 20,000 prospect it has grown under a three months development to a mine valued at 200,000. Mr. Frank J. Scott, of Toledo, one of the proprietors, has been stopping at the mine this summer watching its development with a good deal of interest. A small force of men is at work running tunnels, stoping, &c. The first class ore is being shipped per pack train to Ketchum, on Wood River, where it is transferred to wagons and carried to the railroad and to Salt Lake. Ore to the amount of 200 tons has accumulated on the dumps, which assays from 50 to 300 ozs. That being sacked for shipment carries from 330 to 500 ozs. per ton some of it even much higher. Ore assaying less than 350 ozs. is left in the bins or cribs. The developments on the Vienna when I visited it consisted of two tunnels following the vein. The upper one was in 150 feet, with three slopes aggregating about 100 feet- in length. The lower tunnel was advanced SO feet SO feet below the upper one and over 200 feet below the discovery shaft. Length of tunnels and stopes, 300 feet. Not a fault, break, pinch, horse or any unfavorable indication has been encountered in the mine. In the lowin tunnel the ore is gradually rising in value. One seam of black sulpluirets has made its appearance that assays several thousand ounces of silver to the ton. Good buildings have been erected at the mine and the work of extracting ore will continue during the winter. There is an abundance of good timber all over Smiley Basin, and the advantages for working the mines there are equal to those of anv of our mountain camps, or at least will be by another season, when the wagon road is extended from Galena over into the valley of the Salmon. In the development of the Emma and Vienna, owners of prospects should take courage, for with well expended labor their properties are almost sure to increase in value. 1 have the first vein to hear of yet in the Saw Tooth or Wood River playing out where it contained good ore at the camps surface. THE BOSTON MINING AND STOCK EXCHANGE. The formal opening of the Boston Mining and Stock Exchange took place Monday, Sept. 29, with a large number of members in attendance. At 11 oclock the assembly was called to order, and the president, Mr. William A. Simmons, made a brief address, in which ho explained the object of the Exchange. He stated that the Exchange was not designed to be a money making institution, but was gotten up in the of and for the protection of the stockholders in the great mining enterprises of the country. It was designed to be a headquarters where all interested could go to get trustworthy information in regard to any of the properties on its list; a place where buyers and sellers could be brought together, and where prices based on actual transactions could be made. In regard to the listing of stocks at this board, the utmost care would be taken to have all the properties admitted worthy of confidence. Where mines had not already been developed to the point which indicated their value, it would be insisted upon that they should be in the immediate vicinity of good properties, and that the prospects should be sufficiently good to justify a confidence in their profitable development. At the conclusion of his remarks the president introduced the chairman of the Board, Mr. J. D. Prescott, a gentleman who has had an experience of twelve years in San Francisco and New York, who, after a few remarks, began the call of stocks. The number of transactions was twenty-six-. We congratulate the mining men of Boston upon the auspicious inauguration of their new Board, and trust that the enterprise may prove as successful as can be desired. in-tere- m -- st g EQUIVALENTS OF GOLD AND SILVER. An ounce of gold is worth 1S.9G; a pound (sixteen ounces) 303; a ton (2,240 Ihs.), 078,720. A cubic inch is worth 193; a cubic foot, 333,504; a cubic yard, 9,004,008. The largest nugget yet obtained was produced in California, and weighed 2,900 ounces, and valued at 55,000. The amount of gold in existence in the shape of coin, bullion, watches, jewelry, and other ornaments, is estimated to be 8,000,000,01X1, which, melted into one mass, could be contained in a cube of feet. An ounce of silver is worth 1.03; a pound (sixteen ounces), 10.80; a ton (2,2 10 tbs.), 37,032. A cubic inch is worth 11; a cubic foot, 19,008; a cubic yard, 513,21 G. The largest nugget yet obtained was produced in Arizona, and weighed 43,200 ounces, valued at 43,330. The amount of silver in existence in the shape of coin, bullion, watches, jewelry, and other ornaments is estimated to be 5,300,000,000, which, if melted into one mass, could be contained in a cube of feet. twenty-nin- e sixty-fiv- THE CANADIAN GOLD FIELDS. A letter received by Mr. Leo Harbinger of this cit from Mr. A. II. Elliot, dated Jersey Point, Canada, Septembc 20, 1880, states that very rich gold leads have been strucl near Gilbert river, and that great excitement has been occa sioned thereby. The gold fields there are not new discoveries but persistent prospecting is continually developing new an rich grounds Jjotli placer and quartz veins. They are prin cipallv situated along the line of Gilbert river, Countv Beauci' Province of Quebec. Very rich returns have been gaiia1 from some properties there as high as 400,000, from three quarters of an acre, in coarse gold, and extensive work is being done through the region, mostly by English and Ouna dian companies, lhe new strike reported is upon the property of a Mr. Ainsworth, of New York. have also strucl They iich fields on the Cumberland, three miles from here. ten or twelve companies are here at present, and yo' "ill soou hear good reports oiworking their work. JJtiUy e |