MILLION DOLLARS IN GOLD SEEN IN RICH STRIKE

Chamber of Sylvanite Ore Found in Working of Cresson Group of Mines at Cripple Creek.

Cripple Creek - One of the richest ore strikes in the annals of the Cripple Creek district is reported from the twelfth level in the main workings of the Cresson group, owned by the Cresson Consolidated Gold Mining & Milling Company, a closed corporation, with chief offices at Chicago. In running a cutoff from the ore vein a "vug", or chamber, of high-grade sylvanite was discovered. This has been exploited to some extent, and conservative mine managers, who have had years of experience with sylvanite, declared that the stuff in sight is worth at least $1,000,000. How much more is beyond or within reach of this particular discovery it is not possible to estimate at present.

This "vug", or chamber, is similar in formation to the rich strikes in the "Little Jonny" at Leadville, in many of which the gold yield is $60 to the pound of material, which is usually "run down" in the assay office at the mine and shipped as bullion to the federal mint in Denver.
 
The Cresson group, one of the best examples of systematic development in the district, covers some forty acres of patented claims on Raven and Bull hills and is surrounded by steady producers. Early in the year the Cresson company took over the Maggie group from which several sets of leasers made comfortable sums.
 
The Cresson group is capitalized at $1,000,000 and paid 30 percent in dividends, or $300,000 in 1913. It will do quite as well this year, in addition to paying for the Maggie group of claims, which adjoin the Cresson proper.