The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-11-03
Mining Notes and Personals.


There will be no call of the mining ex-
change today.
Word was telephoned in from Mercur
yesterday that it was believed that the
shaft Of the Hecla was now ON the top OF
the ore body. as good values were being
obtained. and the ore was getting richer
with depth.
The officials of the Wonder mining COM
oany feel much encouraged over the
showing made in its Mercur property, as
= is believed that the shaft is now cut
ting the upper crust of the great ore zone
that underlies the region.
Tho Herald is informed that the Nat
ural Gas company, in connection with II.
company with 10, 800, 39S feet of gas during
the month Of October. and that the
amount now furnished daily is 10000 feet.
1t is reported that in the Red Cloud
mine at Sunshtns, the ground is looking
Development of this property are now
working in high-grade ore, and by spring
1t is believed that the amount OF mineral
= sight will justify the erection of a
mill.
Professor NJ. E. Jones, superintendent
OF the Sunbeam mine, near Silver City.
T-ntic. who is in the city today for the
purpose of exercising his elective fran
chsse. informs The Herald that the Sun
beam is looking better than ever before.
ana that there is hardly any doubt but
that this property Will develop into one Of
the richest producers in the district.
G. w. Clay, of Pittsburg, Penn, is in
the city looking after his mining inter
eSts. Mr.. Clay made some investments
in Little Cottonwood last summer, and
he is well pleased with the showing made
IN the property since ne bought in, and II
is the intention to develop ii into a great
producer before another season rolls by.
It IS understood that soon after election
extensive work will be begun on the Bel
mont group of six claims on Black noun
a of
This property adjoins the Bullion group,
on which considerable work has already
been done. with most encouraging results.
These groups are crossed by very strong
lodges which carry high values in silver
and lead. and the ground is fairly COW
cred with rich float, so that there can be
~ doubt but that the mineral is there
and in practically ineXhaustible quanti-
ties
A great deal of work has been done this
summer and fail in the Development of
mining properties in Little Cottonwood
canvon, especially on the Marion Consol-
has been most encoura cling; and while not
much has been said about 1t, several ship
MATE of rich Gre has been made from
this property of late and now it is more
than likely that another old producer 10
Gated m this wonderfully rich canyon will
be heard from quite frequently in the fu-
tire. as it is announced that Joe Marion
H. just sold the famous old Invinclble
mine to Salt Lake parties, who expect to
make a hundred ton shipment some time
during the present week Of ore that runs
$50 in gold to the ton, and it is claimed
that IN this property. there is four-foot
body Of this ore in sight, The new purchaS
ers are well pleased with the property and
expect to work it all winter.
The Pan-American Mining company, of
this city. has declared dividend Of $1,000,
payable on the 5th inst. The company has
ga put IN a new hoist on its Mexican
property for the purpose Of eleva ting the
tailings from the lower pits directly into
the precipitation tanks, by means of which
there will be great saving in labor and
expense. and the management is gratified
over the fact that the new machinery is
all paid for and that everything is now
in shape for successful and profitable OPP
erations in the future. Besides the hoist.
lathe has been added to the plant for the
purpose of making zinc shavings, the use
of which will also materially lessen the
GENERATING expenses. The outlook for the
Pan-American IS now all that could be de-
sired. and considering the amount the
company is paying IN dividends there is
10 reason why its stock should not be
worth so cents a share.