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From matters of record at the office of the county recorder:
Henry Weber to Adolph Unger, mining deed—Dated Nov. 29, '95; consideration $350; undivided ¼ interest in the Emma Bush, Kalula, Josie, Last Chance and Boon lodes, Cripple Creek mining district.
Name: Last Chance Mine (Gold Hill)
Owner: Mobile Gold Mining Co.
Capital: $1,250,000
President:
Vice-President:
Secretary: Asa T. Jones
Treasurer:
Superintendent:
Manager:
Lessees:
Description: three shafts, aggregating 375 feet; some drifting.
Employes:
Contact:
Notes: leased.
The lessees on the Last Chance on the southeast slope of Gold hill, a property owned by the Mobile company, sent out another shipment day before yesterday of 15 tons. It was claimed by some stock jobbers that the ore these lessees were breaking would not pay, but the men who do the work say that it is good enough for them.
4284. (Barton Landing, Vt.) Please report on the Mobile Gold Mining Co., of Cripple Creek, Colo., E. S. Bach, president, and F. B. White, secretary.
Ans.: One of the most reliable Cripple Creek hand books, published as recently as May last, says of this company:
"Capitalization, 1,250,000 shares; par value, $1; principal office, 20 Bank Block, Colorado Springs, Colo. President, E. S. Bach; secretary, F. B. White; shares in treasury, 155,000); cash in treasury, $100; no debt."
Owns patented claim Last Chance, nine and a half acres on Gold Hill.
Sinking is still in progress at the Last Chance mine on Gold Hill. The same puzzling conditions are encountered. The shaft is now down a little more than 200 feet, and is to be deepened to the 300-foot point. A contract has been let to this end.
The lessees are still sinking on ore, and the high assays are still obtained. The values still carry as formerly. Sometimes an average sample taken from across the bottom of the shaft shows pay values, while other assays running in four figures are obtained from picked samples, but the remainder of the mineral only shows $3 and $4 a ton. The lowest average assay had lately shows $7 to the ton.
The mineral in the shaft is dyke matter. The extent of it has never yet been determined.
When the 300-foot point is reached it is the intention to cross-cut this dyke in every direction, with the probability of encountering an ore shoot. It is the opinion of many mining men that a good mine will some day be developed on this ground.
The Last Chance claim adjoins the Hub and Lone Star, belonging to the Anaconda Company. Highest price past year, 54c., lowest $9 per $1,000 shares. The shares were quoted on Saturday, July 15, at 5⅛c. bid, 5½c. asked, with 11,060 shares sold.
Name: MOBILE G. M. CO.
Capital: $1,250,000; par value, $1; 125,000 shares and $100 cash in treasury.
President: E. S. Bach
Vice-President:
Secretary: F. B. White
Treasurer:
Superintendent:
Manager:
Office/Contact: Colorado Springs. Registered and transferred International Trust Co.; office, 111 E. Kiowa St., Colorado Springs.
Lessees:
Description/Note: Gross production about $200. There has been development work done lately to the extent of 485 ft. of shaft and 300 ft. of drifting. See Plat F.
Owns: Last Chance lode, 9.33 acres, patented, on Gold Hill, in N. E. ¼ Sec. 19.