The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-25
ANOTHER vALEo DISCOVERY.
Body of Very Rich Ore Below the
Tunnel Level


The Park Record, in its review of
the happenings in the camp for the
past week, says:
Another discovery has been made in
| the Valeo, which makes the outlook
for that property much brighter than
| IT has been for the past six months. AS
| the readers of the Record are aware, a
Winze was started from the upper
workings to connect with the lower
tunnel, for the double purpose of get
ting good air and in the hope Of finding
the ore body believed to exist in the
property. AT a depth of 80 feet from
the upper tunnel, or about 100 feet
from the surface, a body of what is
said to be very rich ore was encoun-
tered, the news of the find reaching
the public ear the first of the week.
An interview was sought the middle
'of the week with two of the heaviest
stockholders, which confirmed the
news of the strike. The ore body has
not been explored, but speculations as
to its extent are freely INDUCED in. A
few mining men give it as their belief
that the Wine has entered an extern
sive pocket or deposit, while others are
of opinion that it is merely a pipe or
chute which leads to an extensive body
of ore at greater depth than the lower
tunnel In either event the outlook
for a great mine is most encouraging.
Naturally the holders of adjoining
ground are elated over the develop
ments in the Valeo, for it means per-
haps fortunes to them. The assay
value of the Valeo ore has not been
learned, but it is said to run high in
copper and gold, with a little silver.
A GOOD PROPERTY IDLE.
Tuscarora (Nev) Times Review:
From parties just in from Mardis we
learn that work has been suspended on
the Rescue mine, which is owned by a
Park City company. Some dissatisfac
ton among the stockholders seems to
have been the cause of the shutdown.
Just what it was, our informant was
unable to state, nor could they see why
work should be stopped as the COM
pany has large quantities of ore in
sight, some of it going well up in the
hundreds. A good mill is part Of the
property, and something must be rad
ically wrong with d management that
cannot get the values from ores which
carry so well. The mine seems to have
been unfortunate in its management.
Three or more have had charge of it,
and while all admit plenty of ore and
of a grade sufficient to mill profiitably,
so far all have failed either from lack
of experience in handling such prop
critics, or in the failure of the directors
to properly equip them with materials.
1t was rumored some time since that
the property was to be leased to a
Phoebe man. 1t is to be hoped some
thing viii be done to place it among
the producers where it belongs.
The above extract was shown to one
of the directors Of the Rescue company
yesterday and he commented on il as
follows: In the first place, 1t isn't
anybody's business, outside of those
Immediately interested. what the Res
cue company does with its own prop
erty. But that's neither here nor
there. The extraction of ore was
stopped for the present for the reason
that a large tonnage is now on the
dump waiting 10 be milled. The com
pany does not know whether or not it
can be handled profitably, and a test
run will have to be made to ascertain.
Ed Chamberlain, a mill man OF wide
experience in the handling of gold
bearing rock, is now on the ground
getting the mill in shape to work the
ores already extracted, and if it is
found that they can be worked at
profit to the company, the resumption
of work at the mine win Immediately
ensue, and operations viii be conduct
ed on an extensive scale. Those are
the facts of the situation-nothing
more, nothing less