The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-03-15
BUSINESS, mining AND STOCKS.

made visit to this property and he
was more than pleased with what he
saw, for he expected to see a prospect,
and found a mine. More recently, how
ever, an old, experienced mining opera
tor, who has dealt in Montana produc-
ers, inspected this property. This gen
tleman, Mr.. James A. Brent, went out
to the Northern Light last Sunday &C
companied by H. w. Brown, one of
the incorporators of the company, and
Tor five hours these gentlemen inspect
ed the underground workings of the
property. Mr.. Brent taking samples
of ore from the various workings, and
being a disinterested party and con-
sentative gentleman, the results of his
observations will carry considerable
weight
The samples of ore, seven in num-
Der, were tested by a reliable assayer
upon Mr.. Brent's return to this city,
with results as follows, (the first three
samples taken from the first 300 feet
in the tunnel level showing gold and
silver in paying quantities.
No. General average from the face
of the lower workings, and 50 feet on
the lower side of the tunnel and 100
feet in the stope, $14.2O in gold and 14.4
ounces in silver to the ton.
No. 5.-General average in lower
workings 100 feet TO the right of the
main tunnel, from breast of ore 8,440
feet, $3.50 in gold and 174.7 ounces sill
YER to the ton.
No. General average in lower
workings 200 feet back from face of
drift, from breast of ore 10x70 feet,
$1,000 in gold and 441.5 ounces silver to
the ton.
No. Average from dump at mouth
oi main tunnel. $3.50 in gold and els
ounces in silver
Mr.. Brent, when seen by Herald re-
porter, was enthusiastic over what he
saw in the Northern Light mine, and
was free to say that it was one of the
greatest mines he ever inspected and
he had been in the mining business
since arriving at manhood's estate. Mr..
Brent also stated that at one time he
had tried to get bond on the Mercur
mine, but that had he known at the
time of the existence and value Of the
Northern Light he would have en-
deavored to have obtained a bond on
it instead of on the Mercur.
In the lower workings Of the North
ern Light few days ago, in driving a
drift, the men encountered a assure
three feet wide, upon which they sunk
for seven feet. opening up body of
ore showing horn silver in places, but
as the company expects to confine its
extraction and milling of the low grade
ores in the mine, this new discovery
was covered up.
Since the return OF Messrs. Brent and
Brown from the mine, and since the
results of their assays on samples
brought in by them have become
known, an offer has been made for an
option on the capital stock of the
! company at 81 a share, but as the
company was organized for the devel-
opment and operation of the mine, and
not to sell the same on a speculation
/ this proposition was not considered by
! it for a minute.
While no special effort has been made
to sell the treasury stock of the COM
pany, it has been selling readily at 75
cents a share, which pleasing condition
of affairs can be readily accounted for
when such men as Gill S. Peyton, E. H
Airs, H. W. Brown. DR.. E. D. Wood
ruff. Z. E. Crooks, W. E. Hubbard and
e. G. Rognon, recognizing the value OF
/ the property, became interested in it as
officers, directors and incorporators OF
the company organized for its manipu-
lation.