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<br />The li~onarch Properties Described.
<br />THE FREELAND GROUP.
<br />PRODUCTION. The Freeland vein was discovered in 1860, and tvas soon thereafter acquired
<br />I;p Col. John M. Dumont. As may be seen by the report of Mining Engineer Moore, which is
<br />a part of this prospectus, over $3,Soo,ooo has been taken from the Freeland mine since 18~q, and
<br />Ih~.~ mine has attained a vertical depth of less than 60o feet. The ground behvicen the main Free-
<br />l.u~~d shaft and the Toledo, a distance of about [,zoo feet, is absolutely unprospected below the
<br />~wiace.
<br />REDUCED As the above production was al a time when smelting charges here $ty.oo per
<br />SMELTING ton, as against from $g.oo to $~.oo now, and transportation (rota $3.0o to $q.go -
<br />CHARGES. '.
<br />per ton, as against $r.go now, one can readily sec how much greater would have
<br />been the net value of the production had the same conditions existed then ns do to-clay. J
<br />VALUES IN The high price charged iu the olden times for smelting necessitated the ~hrow-
<br />OLD DUMPS. ing of immense quantities of ore over the dump, curl as lbe mill erected on the
<br />ground years ago was only able fo save h•om 3o to go per cent of the values of such ore as was
<br />ircated, its clumps contain ore of great value, all of which can he worked over and probably pay t
<br />r. Innf l to the company. This is emphasized by the fact that IC99CCa who sorted and shipped a
<br />small porlio,i of the slag dump of the old smelter operated by former owners of the property
<br />have received reriu•ns of over $rq,ooo.
<br />DEEP MINING. The huwel, of which mention follows, will cut this properly on the dip of the
<br />t~cin, about r,3oo feet below the lowest presetlt workings, and will drain the mine, as well as afford J
<br />Irnn.aporfation fa• the immense bodies of ore latown to exist therein.
<br />]nor more particular information as fo the size of the vein and the character of the ore, sec
<br />a
<br />report of Mining Engineer Moore.
<br />THE TOLEDO MINE.
<br />A PARALLEL The'1'oledo Iles across Trail Creek h•om the Freeland, and prnef ically end lines , t
<br />VL'1N, tvifh it. The ore is of the same general character, and the vein seems to he
<br />rqu;il in size and strength, ahhough in the opinion of DTr. bfoore, the consulting engineer, and
<br />M1f r. McClelland, Maunging Director of rite company, it is not the stone vein, their judgment ~ ,,,
<br />Grin;; that if is a parallel vein, turd presumably the SC I?atricl:. II
<br />StW,aoo 'Phis mine has produced over $roo,ooo, from very shallow workings, nod is
<br />ev t•ESSEES, producing ateadily at this lime. From present indications there is no reason
<br />i i
<br />why this property should trot produce as much ore as the Freeland. The $too,ooo pradtmtimt
<br />;ibuve referred to has all been obtained by lessees, who of course only took out the highest
<br />grndc ore, and should show a uwch greater producfimt if handled by the owners.
<br />Ttft! TUNNEL, The McClellnud Tunnel will cut the Toledo vein al,a depth of about 1,800 feet,
<br />flan draining and developing a vast area of new ground in this propcrty~ _, '
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