Nugget Mining and Milling Co. to Sell
Preliminary negotiations were completed in this city yesterday, says the Denver Republican, for the purchase of the Katherine, the Elizabeth Cooper and the Charles B. lodes, owned by the Nugget Mining and Milling company, and located in the Cripple Creek district. The purchase are New York parties, who are on the ground.
It could not be ascertained what the consideration of the sale amounted to, but it is believed to be close to $100,000. The Elizabeth Cooper has been leased and bonded for $75,000 to May 1.
The Katherine is considered the best property, and is at present a good shipper. This mine has a handsome small vein which improves with depth. The shaft is down 325 feet. These two properties, comprising eighteen and one-half acres patented, are located on Raven hill. The Charles B. is on Grouse and is a prospect claim of seven acres.
The Nugget Mining and Milling company is capitalized at $1,000,000. George L. Keener is president and M. S. Heming secretary.