This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Colo. County Sees Tourism In Historic Silver Mine


DENVER (AP) â¿¿ A contaminated 19th century silver mining camp could become a bigger tourism draw for a sparsely populated, high-alpine county in southwest Colorado's San Juan Mountains.

Commissioner Stan Whinnery hopes turning the Ute-Ulay mill site, near Lake City, into a cleaned up public site instead of a private one will lure more visitors year-round to remote Hinsdale County, which has about one person per square mile.

LKA International Inc., a gold mining company based in Gig Harbor, Wash., said in late February that it had signed an agreement to transfer the site to Hinsdale County, which will need help cleaning up contamination from lead and heavy metals, restoring buildings, and creating a mining museum and possibly lodging, Whinnery said.

The Ute-Ulay site on Henson Creek sits on a backcountry scenic byway that connects Lake City, Silverton and Ouray. Prospectors trespassing on Ute Indian land in the 1870s likely named the lead and silver veins the Ute and Ulay veins to flatter the Utes and Chief Ouray, though they apparently didn't know how to spell Ouray's name, said Grant Houston, editor of the Silver World newspaper and president of the Hinsdale County Historical Society. The structures supported mining that has occurred in fits and spurts since the late 1800s.

The camp already is a popular stop for passers-by.

"If we had a nickel for every photo taken from there, we'd be millionaires already," said Whinnery, whose family was one of the first to settle in Hinsdale County in the 1800s.

LKA acquired the camp and nearby property in the 1980s, but silver prices never rose high enough for LKA to revive silver mining, chairman Kye Abraham said.

With some historic buildings starting to rot and collapse, Abraham and Whinnery talked over dinner one night about what could be done.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs