The Alaak , Yuko n Mines, Sagauche Co., Colo,
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sv«The Alaska Yukon Group of mines are located in Sagaache County, seven miles from Parling, Colorado, which is the nearest railroad point with a pood road to the mines.
The property consists of nine claims, two of them "being patent ed. Their true fissure veins in a contract of schist and diorite, runninr northeast and southwe at.
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The Alaska has a shaft on the dip of the vein 30 degress south east, 160 feet deep, with the following amount of drifting.
65 Ft. Level W. 15, Length 25 ft., 16 inches ore, carrying $4.60 in go$d and silver, 18^ ainc.
64 Pt. 8. W. Length 18 ft., 15 inches ore, carrying $4.00 gold and silver, 23^ sine.
108 Pt. Level N. IS. L ength 13 ft., 16 inches ore, carrying 34.60 in gold and silver, 36 fisine.
108 Pt. Level 8. ¥. Length 19 ft., 16 inches ore, carrying $6.00 in gold and silver, i) & sine,
14 3 Pt. Level >T. '1. Length C ft,, 22 inches ore, carrying $4.20 in gold and silver, 42)$ sine.
143 Pt. Level S.V. Length 6 ft., 26 inches ore, carrying $6.00 in gold and silver, 44)$ zinc.
160 Pt. Bottom of Shaft, 30 inches ore, carrying $5.20 xn gold and silver, 47)$ zinc.
12 samples taken from the 103 Poot Level to the "bottom of t he shaft averaging 22 inches wide and carrying #4.50 in gold and silver and 40)? zinc.
The Yukon Shaft is 580 Peet S. W. of the Alaska Shaft on the same vein wit! a cross vein intersecting the main vein in the shaft, carrying high value.in gold, silver and copper. The formation
somewhat varies from the Alaska, having some porphyry and a strong iron capping. The shaft is 55 feet with two drifts at the bottom. !T, I. Drift 16 feet in length, showing 16 inches of ore, $3,30
in gold and silver, 13)? zinc. 3. W. Drift, 20 feet in length, showing a hig body of copper and zinc ore at the point where the copper vein crosses. The copper vein averages from 13 to 26 inches wide, three samples showing from 18 to 23)? copper, $4 30 in gold and silver.
One car of ore ship ped while sinking the sha ft, running 22)$ copper and $7.20 in gold and silver.
All the other claims have good surface showings, especially the "Belle Claim, which have a shaft 40 feet deep sunk through a strong iron capping, showing considerable copper. Samples taken running from 4 to 16: .
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Having unwatered the different shafts to make this report, I found conditions as reported.
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The Alask , Yukon Mines, kigauche Co., Colo*
The Alaska Yukon Group of nines are located in Sagaacfc© Gouaty, ©even mile a from Parlina, Colorado, -''hi oh i s the neareat railroad point with a pood road to the mines*
The property con sis ts of nine claims, two of then
©d. Their true f is su re ra ins in a contract of schis- ana ai t- rit e, runninr northeast and southwest*
The Alaska has a shaft on the dip of the r ein 30 depress south ea st, "l6G f eet deep, with the follo-vinp amount o.r d r i ft i n g ,
65 F t , Level W. B. Length 25 f t . , 16 inches ore, carrying A.00 xn
gold and si l ver, 18$ a inc. ( f _ ,
64 F t . 3# V. Length 13 f t . , 15 inches or e, carrying 4.00 gold and 108*5*! Level1*1. Length 13 f t . , 16 inches ore, carrying $4.60 in
gold and s il ve r, 36$ sine, .
103 Ft. Level 3. W. Length 19 ft., 16 inches ore, carrying 6.00 in
gold and si l ver, 32$ sine, .
143 F t . Level x t. B. Length t: f t . , 22 inches ore, carrying v in
gold, and s il v e r , 42$ sine, »
14 3 Ft . Level $.W, Length t f t . , 26 inches ore, carrying ,?6.00 gold and s i l v e r, 44$ sin e. ,.r . „n r t
160 F t . Bottom of Sh aft, 30 inches ore, carrying #5.20 xn gola < - d s il ver , 4 ?$ s i n e ,
12 samples taken from the 103 Foot Level t o the bottom of the shaft averaging 22 inches wide and carrying ^4.50 in gold and si l ver and 4Of' s i ne.
The Yukon Shaft is 530 Feet 3. W. of the Alaska_3haft on the
same v e i n w i t h a c r o s s v e i n I n t e r s e c t i n g t h e m a i n v e i n i n t h e a h o . l t ,
carrying high value in gold, s ilv e r and copper. The formation
somewhat va ries from the Alaska, having some uorphyry and a strong
iron capping. The shaft i s 55 fe et with two d r i f t s a t the bottom. II, 1, Drift 16 feet in length, shoving It- inches of ore, 13.30
in gold and si lv er, 13$ sine. 3. W. D rift , 20 f eet in length, showing a big body of copper and sine ore at the point where
copper vein crosses. The copper vein averages from 13 to 26 inches wide, three samples showing from 13 to 23f copper, #4 ^ JO i 1 geld
and si l v er .
One car of or® shipped while sinking the shaft, running a , copper and $7.20 in gold and si lv e r.
All the other claims have rood surface showings, especiall y the F®ll® Claim, which hava a shaft 40 feet deep sunk through^ strong iron capping, showing considerable copper. Samples taken running from 4 to 16; ,
Having unwatared the di ffe ren t shaf ts t o make t h is rep ort , I found conditions as reported.
MEMORANDUM OF AGREEMENT.
THIS A GREEMENT, made and entered info this 26th day of
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July, A.D. 1 911, between Charles E. Harrison,^ of Denver, Colorado, party of the f irs t part, and Lippencott and MeClave, of the same place, parties of the second part,
WITNESSETH:
That the party of the first part has leased and rented, and by these presents, does lease and rent to the parties of the
second part, The Yukon and Alaska Lode Mi ning claims, situate in The Cochetopa Mining District, County of Saquache, and State of Colorado, being patented claims, together with a ll the right,
titl e and interest of the fir st party in and to seven (7) located, unpatented adjoining claims,
TO H AVE A ND T O H OLD th e same from and after the date hereof until and including the firs t day of January, 1915.
On condition, however, that the parties of the second part will caute to be done upon said property, beginning with the fir st dajr of September, 1911, at least ten (10) feet of shafting work, or, in lieu thereof, thirty (30) feet of drifting, al l of such work to be well and properly done, and to be well and securely timbered at all points where timbering shall be necessary.
IT IS FURTHER A GREED th at out of al l ores to be taken by said second parties from the said property during said period, they shall pay to the party of the first part ten per cent in royalty, after deducting the expense of hauling, shipping and treating such ores, and that the said lessee will render to the first party on or before the 10th day of each callendar month
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a true and correct statement of a l l labor performed and improve ments made, together with al l ores marketed during the nreceeding eallendar month, accompanied "by vou chers and checks for the roy alties due upon such shipments.
If IS FURTHER A GREED AID U NDERSTOOD a s a part of this contract, and as a further condition of the said lease, that the party of the f irst part grants to the second parties an option to purchase the said property for the sum o f $20,000.00, payable as follows:
$1,000.00 on or before the f irst day of September, 1911, $2,500.00 on or before the first day of January, 1912, §5,000.00 on or before the first day of July, 1912, and §11500.00 on or before the first day of January, 1913.
AND IT IS AGREED t hat upon the payment of said §1,000.00, the f irst party will deposit in the bank, to be selected by the second parties, a proper deed of said pro ~erty to be held by said bank in escrow, with the usual escrow agreement, conditioned for the delivery of such deed upon the final payment of such purchase money.
Time is of the essence of this agreement, and in the event that the parties of the second part shall fai l to make any one of said payments hereinbefore provided for on or before the day of i t s maturity, or shall fail to comply w ith the terms of said agreement in any other respect, then this lease and option shall be forfeited at the option of the party of the f irs t part, and he may reenter and take possession of said property with or without process of law.
IT IS FURTHER A GREED t hat the second parties shall commence work upon said property within 15 days from/the date of this agree ment ,
IN W ITNESS W HEREOF t he parties hereto have set their hands and seals the day and year firs t above •
