An important discovery for the Jack Pot Mining Co. has been made by Lessee Moore and associates on the south end of the Iron Master mine, on Gold hill. The property adjoins the Mary McKinney claim of the Mary McKinney Mining Co., and the lessee, prospecting through the Ophelia tunnel, have opened up the northern extension of the main Mary McKinney lode, or the Le Clair vein running parallel to the McKinney lode.

Important ore discovery has lately been made at the Ironmaster claim of the Doctor Jackpot property on Raven hill.

Cripple Creek—The Ironmaster, on Gold hill is shipping on that average better than $40 a ton in car lots.

Denver.—The Ironmaster Leasing Co., operating on the Ironmaster claim of the Jack Pot, is breaking 4 ft. of ore that will ship close to 2 ozs. per ton.

Colorado Boss No. 1—This Bull hill property, belonging to the Cripple Creek Consolidated Company, is being operated under lease by C. M. Crowder and associates. The shaft, which is now at a depth of 150 feet, will be sunk an additional 600 feet, and levels run every 100 feet.
These lessees have also secured a lease on the lower workings of the Anaconda, which adjoins their claim. A winze is being sunk from a level 400 feet below the tunnel level, from which a good grade of shipping ore is being taken.
A lease has also been secured on the south end of the Iron Master property of the Doctor-Jack Pot company by these parties, who contemplate sinking a shaft here. Should good ore be opened in any of the three properties, it is probable that all three leases will be worked from their main shaft.

Principal Producing Cripple Creek Mines - 1898:

Name: Paymaster Mine
Owner: Jack Pot Mining Co.
Capital: $1,250,000
President:
Vice-President:
Secretary: S. W. Morrison
Treasurer:
Superintendent:
General Manager: S. W. Morrison
Manager:
Lessees:
Description:
Employes:
Contact:
Notes: The company also own Silver Bell, Mary Wynne, Providence, Jack Pot and Ironmaster mines, on Gold hill, and Gettysburg, on Raven hill; all developed by lessees.

GUS ANDERSON KILLED.
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Cripple Creek, Colo., Oct. 7.—At 4 o'clock this afternoon, when the day shift was leaving the Iron Master mine on Gold hill, Gus Anderson fell headlong down the shaft, a distance of sixty-five feet. He was instantly killed. He was receiving some tools which his partner was handing to him at the time. His skull was fractured. Anderson was a single man, and had lived in Anaconda for four years.
He was about 35 years of age.

The Iron Master, on which S. J. Morrison et al. have a year's lease, is looked upon as a most promising prospect.
A contract has been made to sink and timber a 120-foot shaft on the Mary McKinney at twenty feet south of the south line of the Iron Master by April 25. Three shifts are now working on this shaft. When it is down 100 feet drifting north will commence which will run into the Iron Master at a depth of 150 feet, and it is confidently expected that the big Boss vein be encountered before many weeks.

I wish to call attention to the attractive features of Jack Pot as an investment with great possibilities. This company is in possession of six valuable claims prospectively speaking, five are practically patented.
They consist of;
the Jack Pot
and Gettysburg, located on Raven hill in the immediate vicinity of several regular producers.
The Ironmaster adjoining the Anaconda properties.
The Providence near the Blue Bell
the Mary Wynne and Silver Bell directly east of the World's Fair and north of the Caladonia, a producing mine.

The directors have given a bond on the Ironmaster for this year. Every claim, with the exception of the Providence, is being steadily developed.
There are over eight set of lessees actively engaged in working these properties, none however are shipping ore of any consequence.
The company recently received a proposition from well informed and reliable parties to bond and lease the Jack Pot for $50,000 which was not considered, as they are confident that they have over 400 feet of the Doctor vein, upon which a 145-ft. shaft has been sunk and soon hope to effect plans to operate the property themselves.
On the whole when one considers the ability and integrity of the management surely at present quotations this stock should merit more consideration than it is now receiving.