The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-12-28
CANNON GOLD NJ. & NJ. CO
Whose Holdings Comprise Some of
the Best Mineral Ground.

The Cannon Gold Mining and Milling
company, who have extensive holdings
in Camp Floyd mining district, is cap
italized at $4,000 shares of a par value
Of S. each. 5000 shares of the capital
stock being set aside for treasury
stock. The property owned by the
company is described as follows:
The Cannon group of eight claims,
all patented, joins the Mercur mine on
the east. A steam hoist has been put
in on the group and a shaft has been
sunk a depth of 400 feet, which is one
of the best timbered shafts in the dis
trict. Three hundred feet of drifting
has been done from this shaft, and
three veins, averaging fourteen feet,
sixteen feet and forty-five feet in
width. have been cut, from which as
says have been obtained of $7.44 in
gold and 2S1a ounces in silver to the
ton. Besides the workings in the shaft,
$50 feet of tunnel work has been done
and an incline shaft sunk a distance of
sixty feet. The company is working
ten men on this group in two shifts.
The Old Grover group of five claims
joins the Golden Gate on the east. A
100-foot shaft is being sunk on the
group by contract, the bottom of which
is now in lime, and it is not expected
that the ore body will be cut
befora reaching a depth of 800 feet.
This property has been surveyed for
patent.
The Little Ruth and Mormon Girl
lodes join the East Golden Gate on the
east. The shaft on this group is now
down 100 feet and is in shale, which is
always considered a favorable indica-
ton in that locality. The claims have
been surveyed for patent.
The Summit Springs group Of three
claims between Ophir and Mercur has
been surveyed for patent and 5000 in
work has been done on the property.
The MamXman lode, south of the Lit
tie Ruth and Mormon Girl claims, has
been surveyed for patent and the loca-
ticn work has been performed upon it.
The Nora group. comprising five
claims, lies west of the Eagles and
corners with the Rovers on the north
west. A 100-foot shaft has been sunk
on the group. besides which $500 has
been expended in work on other por-
tons of the property Ore has been
uncovered that goes 81 in gold to the
ton and the group has been surveyed
for patent.
The Buckeye group of eight claims
joins the Geyser on the northwest.
Seven hundred dollars has been ex-
pended in tunnel work on the property,
besides which the necessary work has
been performed on each claim. Ore
running $3.50 in gold has been taken
out and the outlook is promising.
The company also own the Hecla
group, under bond to Frank Hall, the
company reserving the right to a q
per cent royalty on all ores extracted
before the expiration of the bond.
The Gold Bug claim, owned by the
company, located west Of the Rovers,
Is now under bond to Messrs. Burton,
Creighton & Co, the consideration
named in the bond being $500 Work
IS being done ON the property.
The company also own the Climax
lode. joining the Summit Spring No.
and the Retriever, which joins the
Rover.
The officers of the Cannon Gold Min
ing and Milling company are A. NJ.
Cannon. president; George NJ. Cannon,
vice-president; Lewis NJ. Cannon, secre-
tary and treasurer, and John NJ. Cam
non is attorney for the company. The
affairs of the company are corlGerva-
lively managed for the benlafit of the
stockholders, and the stock is now
quoted way above par.