The Pinnacle Mine Made Such a Shipment Last Night.
 
TWELVE BROAD GAUGE CARS
 
The Shipment Contained 300 Tons of Five-Ounce Ore.
 
IT IS WORTH $33,000
 
Five Cars Will Be Sent Today Over the Narrow Gauge to the Denver Smelters.
 
Last night at 8 o'clock the Midland Terminal railroad sent out a special train of twelve cars of ore shipped from the Pinnacle mine. Today the Florence & Cripple Creek road will send a train of five cars, all Pinnacle ore. The shipment sent out over the Terminal last night amounted to 300 tons of one and one-half ounce ore, and the shipment is worth about $33,000. The shipment to leave today is of 60 tons, and is worth $7,200, making a total of $40,200 worth of ore shipped in less than twenty-four hours. On the tracks over at Cameron are four cars ready that will run better than five ounces. The shipment will make about 108 tons and is valued at $10,800. It will leave some time this week, making a total shipment this week of $51,000 worth of ore and all from a depth of only 200 feet. All of the ore being sent out has been mined from the first day of September. The greater part of the ore is from the first level, and there is yet remaining in that level all of 10,000 tons of ore to be mined. The ledge, for it is nothing more than a big ledge, is now 24 feet wide, and is all good for $100 a ton. The ore is running into the hill, and from the point the level is now at, they have 150 feet of stoping ground up to surface. (A stope is an excavated area produced during the extraction of ore-bearing rock. Often narrow, deep, and elongated, reflecting the former position of the lode.) There is no telling just how far the ore chute extends into the hill, but the fortunate lessees know that there is more ore in the mine than they can possibly mine during the life of their lease. From the second to the first level there is 75 feet of stoping ground, and the ore is being broken seven feet wide and will average about $350 a ton. Work has started yesterday to cut the station for the third level, and from that depth they will have a block of ground 100 feet deep and 200 feet in length to stope on. It will run better than five ounces.
 
There is yet forty cars of ore to be settled for the August shipments. The royalties that the company will receive will amount to $10,000 from the shipment just sent out. The Globe smelter of Denver will handle the ore.
 
During the last thirty days the main shaft has been sunk 80 feet, 4 x 8 in the clear. Three shifts have been employed and three men worked on each shift, and during the time 1,800 tons of ore was hoisted. There are now employed in the mine 75 men.
 
That the shipment would be made was known yesterday by a few people, who quietly went out and started to buy the stock. The public soon got wind of the big shipment, and by the time the call commenced on change people were fairly crazy, and everyone was falling over the other to get some of the stock. The stock opened at 32 cents and advanced to 34 1/8. Thirty-two thousand shares were traded.