The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-07-12

One of the most important deals ever
made in the Camp Floyd district was
closed up yesterday afternoon and I'M
der the provisions of the agreements
entered into between the interested
parties. Messrs. Dorsey, Dern and Airs
became Joint owners with A. NJ.
Spooner in the Rover group, the Can
non interests being bought outright.
The closing up of the negotiations
which have been on in this direction
for some days past, means great
deal for the district, for it is the in
tention of the owners to at once in
augurate a systematic and extensive
system of development work, and in
the event Of ore bodies proving to be
as large as present indications lead
the interested parties to believe, the
properties will be equipped with
mill by the end of the season and an
other producer will have been added
to the list of the district. 1t Will De
the aim of the gentlemen to make or
the Rover group a second Mercur. ana
they are the people to do it, If the ore
only holds out and the values are
maintained. The Rover group and the
adjoining claims now owned by the
! gentlemen who have interested them
selves in the properties give abundant
indications of being among the richest
and most valuable mines in the dis
trict. While the development work has
been comparatively slight, yet the
values are there and the ore bodies
are without doubt very extensive. In
the old Silver Cloud tunnel, which was
run during the days of the silver eX-
citement in the district. vein of the
black arseuical ore, similar in its char
acter to that of the Golden Gate, is
found and the development work done
on the vein has demonstrated that the
deposit is permanent and that ii is
more extensive as the drift progresses.
Messrs. Dorsey. Dern and Spooner will
go out to the district this morning for
the purpose OF inspecting the proper
ties and deciding upon the mode of
development. They will place force
of men at work. and it is their inten
ton to thoroughly prospect the prop
critics in order that it may be demon
strated beyond the question of doubt
whether or not there is sufficient ore
in reach to justify a mill at once.
Should such prove to be the case
plant will be erected just as soon as
the necessary preliminarieS can re-
ceive attention.
Several meetings of the interested
parties were held yesterday, and at
lete hour in the afternoon all of the
.Ietaila mad been arranged. An outright
%sale. subject to examination, was made
- the Cannon Gold Mining company
- sMessrs. Dorsey, Airs and Dern, the
Dybperties transferred being a One-haf
ir' terest in the Rover and also two
neigh boring fractions, the price being
81. 500. Deeds to the properties were
made out and signed and will be re-
corded as soon as the inspection has
been made by the purchasers. Messrs.
Dorsey, Airs and Dern obligate them
selves to take up the bond held by
Spooner on the Rover, the first pay
ment of which will be made on the
first day of August, and in addition
Spooner receives a healthy payment of
cash. He still retains a comfortable in
terest in the properties. The plans of
the syndicate include the Incorporation
of company and this will receive at
tention in the very near future.