cactusjumper
Gold Member
nice post matthew...an old mining claim like that has probably had many owners over the years...some of the owners probably worked the mine and some didnt..anyone that owned the claim prior to WW2 more than likely worked it out of necessity to make a living..after the war the economy was much better and people didnt have to beat their brains out digging in the dirt to make a living..most people in the past 30 years that staked claims has probably not done much on that claim...most have never even been down in the shafts or tunnels (and if they did they wouldn't know what they were looking at) ...also 100 years ago most miners couldn't afford any milling equipment so they would have someone mill it for them or if it was rich enough they would bust the ore up with hammers and pick the gold out...but usually there was one guy in a district that had money (or an investor) and he would erect a mill...and he would process ore for the other miners for a percentage of the gold..as far as the pit mine being the ldm i would say it is....but hard telling for sure...the pit mine is unique because it starts out as a shaft going straight down then turns into a tunnel..which means at that level they hit a different deposit...maybe it started out as a silver chloride mine and turned into a gold mine ..hard saying for sure.....one thing i do know is nobody drills and blasts through 300 foot of hard quartz unless they are getting something pretty good
Dave,
Everyone knows I don't know $#!t about rocks, but I have serious doubts that the last people working the Pit Mine/Silver Chiefdid it for $7(+or-) an ounce silver. Believe you might need a bit more of a mine to make it worth the risk. On the other hand, if there was a truckload of refined silver in the back of that mine, it might have been worth it. My guess has always been that it was just a handy cache for ore removed from a number of the mines in the area. Have no idea why it might have ended up abandoned.
Waltz was worried about getting care in his final years. The LDM story may have been his insurance policy. If so.......it seems to have worked, right up to his death.
Just one man's uninformed opinion.
Take care,
Joe