| "The profits of mining are: (prices from 1900-gold @ $20.00 per oz.) |
$102,000 per month for 27 months |
| "...Which gives an average of $84,543 per
month for seven years. This is $1,014,500 a year and deducting for a
sinking fund there is left a dividend of $951,200 per annum or $237,800
per quarter. This is at the rate of $3.45 per annum for the par value
of the stock and $190.2% on the actual investment of $500,000. At first
of course the dividend will be greater or $290,000 per quarter."
( It is interesting to note that, in
figuring profits, this particular vein segment was thought to be 3 to 5
inches |
| "The principal authorities consulted in the preparation of this project have been the various engineering hand books and the trade publications of the makers of mining machinery, but chiefly the notes of the lectures on mining delivered by Professor Munroe and Professor Peele. These would have been of little avail, but for the patient personal assistance of Professor Peele to whom the author is deeply grateful." |
| This is an excerpt from a report dated April 25, 1901. This report was written by John J. Sandeman, a mining engineer and geologist, who was the head of a team of some of the era's best engineers and geologists assigned to evaluate the Stanley mine for a Canadian buyer. The Stanley and Lord Byron are adjoining mines on the same major vein and the ore values are approximately the same. |
To sum up the matter concisely, I would say that the Stanley mine is easy of access, possesses a stream of water capable of running a large plant of machinery, that the ore chutes are persistent in length and depth, and that most of the dead work having been done, is now only remains to extract the ore in sight to make the mine a paying concern. The management of such a large concern should be placed in the hands of a first class mining man, and if the services of the present superintendent could be retained, I have no hesitancy in saying the Stanley mine will take its place amongst the great mines of the world. John J. Sandeman |
Clear Creek County
Clipping from February 1937...
|
The biggest and richest strike ever made by Humboldt Consolidated Mining Company is shown in the picture of No. 7 Stope in the "Lord Byron Mine". This big vein is ten feet wide - and is shown extending from side to side of the photograph. The entire width of the vein is valuable, the ore carrying gold, silver, lead, and copper. There are numerous streaks of high-grade lead sulphurets. On the foot-wall there is one high-grade vein fully 20 inches wide, samples of which contain about 95% metal... |
| This is a copy of a letter from Charles
Gehrmann: The man that developed the Stanley Mine. The date was December 6, 1943. The Road Adit is the key to the entire problem. The plan would be to clean the Road Adit to its breast, then cross-cut into the foot wall of the porphyry through it and strike the ore deposit or streak which is shown or has been seen in the old Stanley first shaft, on top of the hill in Spring Gulch. Opened by Tom Peaver and Fred Brierly sunk with a horse and whim. Then to drift out into the hill towards the old Camps home house where Dr. Mead lived, to the old shaft near the home. This is probably towards the Niagara claim, then continue the drift or Adit tunnel along the line of the claims of the Crown Syndicate under the outcrop of the ore Crazy Robertson found. Continue the developing drift on under Beaver Gulch to the vein opened and drifted on at Beaver Gulch, opened by Peter Hopper under my work for the Crown Syndicate. This is the main big vein fault of the Colorado Central Mine at Georgetown and will make a continuous ore body from the Beaver Gulch out-crop (In the bottom of the tunnel drift) through to the Niagara in Spring Gulch (Dr. Meads house-old Camp house shaft) then to the top of the hill to the Whim shaft on the original Stanley Claim, then to the Golden Link shaft which connects with the Road Adit down to the old Plutus shaft, (now called Gehrmann shaft) thence goes under the creek high back across the creek to the Hukill vein visible and opened along the surface almost to the head of Virginia Canyon. Same plan the Freighters Friend at one time worked, opened by the old post-master, Shepherd, at Idaho Springs. This is the course and strike of the main vein or big Fault mineralized vein from the Colorado Central Mine at Georgetown on to Beaver Gulch, then through Spring Gulch-Crown Syndicate-Niagara to Stanley whim shaft, then Golden Link shaft house, then to Road Adit, Gehrmann shaft, across Clear Creek to old Hukill workings up the hill. It splits at the Freighters Friend. By this development breast of the Road Adit
through to Beaver Gulch will be one continuous ore body. In Beaver
Gulch the ore in the bottom of the Adit drift ran as high as 2000
ounces in silver, small amount of gold (1/2 oz.) galena, quartz and
black oxide of copper or black copper ore. Would be the greatest ore
body in the county and perhaps the State. I, J.B. Furstenberg, called
on Mr. Gehrmann in Illinois in 1941 at which time he told me all of
this and said to be sure to do this work but my son was killed by the
Japs in the S. Pacific and did not get back to do it. I have Gehrmann's
letter of which the above is a copy. ________________________________ The Lord Byron mine is located on the apex of one of the largest strategic metal/ mineral deposits in Colorado. Ore values in this deposit have a potential value of over 5 times that of the value of the ores mined in the Homestake Mine of South Dakota. Preliminary Investigation Property: Lord Byron Mine Mine History: Field Work:
Figure 1 gives a level by level breakdown of the ore blocks along with volumes and tonnages. An average rock density of 240 lbs/cu.ft. was used. This number is based on a disseminated quartz ore with 65% quartz. Figure 2 shows the computations used to obtain the average grades of both the previous production and the samples taken by the author. Figure 3 shows the value of the ore per ton based on the average metal prices for July, 1984 and the reserves based on an overall mine-mill recovery of 80%. Figure 4 shows a plan view of the claim (Lord Byron MS2060) and the vein outcrop. Figure 4 also shows a view of the cross section of the vein with the old workings and stopes. Note: 21-Aug.-84
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All material on these pages are copyright © 2003
by The Byron Gold Mining Company