Gilpin-Orion Gold Mining Co. - 1912 dated Arizona Mining Stock Certificate

Stock. Office of mines located in Denver, Colorado. The Gilpin Orion last week in driving west in the 340 bottom level, opened up ore that assays 9.20 ozs. gold and 8.70 ozs. silver, giving it a commercial value of $188.87 to the ton. There is four inches of iron of this character and two feet of mill dirt. The drift is being run ahead at little further to open up the shoot for stoping. This ore is a continuation of a shoot had in the 265-foot level above, but is more extensive and richer than above. In the 265 level the iron went 4 ozs. to the ton and the mill dirt 2 ozs. to the cord.

In the east 340, the drift is in 40 feet from the shaft and a good shoot of ore has also been opened up here. There is from four to eight inches of iron that will run about $100.00 to the ton in gold, with copper values that will average 10 per cent. This shoot was also worked in the level above, but like the ore on the west side, is richer with depth. Although a great deal of surface water has been coming down the shaft, it disappears rapidly in the lower workings which would indicate that there are some large veins lower down. The bottom of the 340 drifts show good ore, giving evidence of the continuity or the veins and assuring the existence of good ore bodies to be found should the shaft be sunk.

The work of the Gilpin-Orion has been greatly handicapped this winter on account of the heavy snows, but the mine is now in shape to push work. By the first of the month, it is expected that the drifts will be far enough ahead for stoping, when the working force will have to be increased. [The Mining Investor, published, 24 June 1, 1914; cddd]