IRONCLAD BONANZAS
—————————
The Ironclad in Great Ore.
—————————
The Ironclad, on Ironclad hill, near the Plymoth Rock properties, is proving the richest of bonanzas. Hall and Murphy are the lessees and they just completed a 35-ton shipment of ore yesterday to a Denver smelter and the Cripple Creek sampler.
Assay returns from a 60-pound chunk taken from a vein yesterday showed a value of 54.86 ounces or $1,097.20 in gold to the ton. This ore is a water quartz and is only found in this camp in the Ironclad and Summit mines.
The ore is now coming from 150 feet below the surface where the vein is from one to six feet in width. The last shipment went better than eight ounces to the ton and this one just made will show a much higher average when the returns come back from the smelter and mill.

Principal Producing Cripple Creek Mines - 1898:

Name:
Owner: Ironclad Mining and Milling Co.
Capital: $1,000,000
President: Jos. H. Smith, Denver
Vice-President:
Secretary: R. G. Riddett, Cripple Creek
Treasurer:
Superintendent:
Manager: R. G. Riddett, Cripple Creek
Lessees:
Description: 415-foot shaft; 20-horse power vertical boiler; 6x8 double flat friction hoist.
Employes: seventeen employe's
Contact:
Notes:

A new cyanide plant having a capacity of 100 tons per day is to treat the ores of this mine on which the promoters of the mill have a long lease. The old Van Fleet sampler, near Goldfield, is to be used as the building.

Considerable work is being done. The ore goes to the Globe Reduction Company, which controls both the mine and the mill. The low-grade ore is admirably adapted to cyaniding.

Ironclad Mining and Milling Company.—This company recently declared a dividend of 2 cents a share, amounting to about $20,000. The company recently sold its Pard and Ironclad claims for a little over $20,000, and it is from the sale of these claims that the dividend will be paid.

The company still retains possession of the Big Thing claim, situated on the saddle of Ironclad and BullGold hills.

As the result of the sale of its Ironclad Hill acreage at Cripple Creek the Ironclad Mining & Milling Co. has announced its readiness to pay a dividend.
The payment will be made on the basis of two cents a share. With its issue of 1,000,000 shares this means that $20,000 will be disbursed.

Cripple Creek, Colorado.
Homestake Mills Leased.
A five-year lease has recently been granted to the Phoenix Leasing Co. by A. W. Grant, receiver of the Cripple Creek Homestake Mining & Milling Co., on the Ironclad, Annex, and Pard claims, and the larger of the two Homestake mills.
Mining operations will be started at once. It is expected that the mill will be overhauled and put in shape for the hauling of ore by March. The royalties range from 5 to 20 %.

About 12 months ago a similar lease was granted on the Magna Charta and Quartzite claims and the smaller mill, to the Ironclad Leasing Co. This mill has a capacity of 150 tons per day and has been operated very successfully during the last year.