The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-03-07
Mining Notes and Personals.

| MINING Notes ana PERSONALS.
The Mammoth marketed another lot
of concentrates yesterday, amounting
to 40 tons.
Mercur was very firm on the curb yes
terday afternoon, and the indications
are that it will make sales at $7.25 by
| tomorrow.
Silver dropped another point in the
quotations yesterday. and The Herald
| it has not been so low before for more
than two years, when, in March, 1895,
it was quoted at 63A cents.
Ed Magner, the manager of the Gold
Flint mine, near Leesburg, Ida, who
has been in the city on business for
the past few days, expects to return
home tonight. Ed has many friends in
this city and their best wishes go with
him.
] The Swansea was in the market yes
| terday with eight carloads more of
high grade ore. 1t is stated semi
officially that the company could easily
declare scent dividend this month if
it wished TO do so, and that in reality
it could pay 10 cents if necessary.
1t was learned yesterday that gen
| tleman who is a heavy holder OF
Northern Light stock offered to make
| wager with a we'll known mining
stock broker of $500 that the stock of
the company would advance to 81 in
the bidding before the end of the year.
Hon. p. T. Farnsworth, who has just
returned from Frisco, informs The
Herald that everything is running
smoothly at the Horn Silver mine, and
MILL and that, in fact, there is nothing
in the way of news concerning the
mine to give out to the public. Mr..
Farnsworth states, however, that in
the development of the Cupric ground,
which is owned by himself, the Sharp
brothers, Phil Bentz and David James,
the showing is very encouraging of late
and that the workings are now in
mineral that carries fair values in gold,
silver and lead.
Sam Pollock, who is directing the
development of the Hercules property
on Lion Hill, in Ophir district, expects
to return to the camp this morning
Mr. Pollock states that work is prog
ressing finely in the driving of the
tunnel in the Hercules ground, and
that already after going only about
$50 feet, the face of the tunnel is get
ting into ground that is becoming well
mineralized. The Hercules is located
near the Chloride Point mine, and he
states that this will develop into
magnificent producer, or else his opin-
ion is valueless, and he has operated
on Lion Hill for a score or more of
years.
Some very good looking mineral was
brought in yesterday from the Mas
colt lode which is located in Hot
Springs district, between the warm and
the hot springs. The ledge is from %
to so feet in width. and The Herald is
informed that assays of $3.50 in gold
have been obtained from picked sam
pies A force of four men is now en-
gagged in the development of the new
find, and it is stated that Councilman
NJ. E. Mulvey is backing the enterprise.
There would be fortune in % feet of
So ore. as the mineral could be treated
at a small cost by the cyanide process.
With depth it is believed the gold
values will increase. The ore from
the Mascot closely resembles the min
eral found in the Mercur mines, and
can be easily treated.
Mr.. Lee Baker, a gentleman who is
working on the reservoir near the
White mountain. a few miles below
this CITY. saws the Millard Progress,
dropped into this office with the in
formation that he had discovered a
body of sulphate of soda, and as an
evidence of that fact, Mr.. Baker pro-
duced 4 telegram from the Nelden-
Judson Drug company of Salt Lake,
stating that the sample sent us " al
most pure sulphate of soda" This is
not valuable discovery. as in very
cold weather sulphate of soda can be
raked off salt water by the thousands
of tons and sells for 81 per ton, but
still it may help along the many good
things in sight for the prosperity of
Millard county. DR.. Keen of this city
is interested with Mr.. Baker in this
new discovery.
]. E. Anderson of this city, who is
the secretary and treasurer of the
Horseshoe Mining & Milling company,
expects to leave for Logan tomorrow
for the purpose of resuming work in
the development of the property of the
which is located in Logan
canyon. This company has had a legal
existence ever since 1891, and during
this time it has been working away
in the opening of its property, and at
the same time il has been very reti-
cent regarding its affairs, and yet il is
that the indications at the
mine are very favorable, and that in
the bottom of it's new 15-foot shaft
there is a four-foot body of ore that
carries good gold and silver values
sufficient, in fact, to justify the re-
sumption of work, and it is believed
that within a few months the property
will develop into a paying PROPOSE |
ton.
]. J. Brown of the Searchlight, who
is in from Sunshine, states that the
outlook for that portion of Camp Floyd !
district is brighter than it has been
for some time past, and that with the
opening of spring there is every rea-
son to believe there will be a great
deal of activity in that locality. The !
letting of the contract for the sinking |
Of the Searchlight shaft to the depth |
Of another 100 feet will start the ball |
to rolling. while the work that is being |
done in the development of the Crown |
Point is sure to help greatly in the !
growth of the district. The Crown /
Point has just ordered an engine and |
hoist, and the company is now en-
gagged in the construction of a 2,200- |
loot pipe line, which is to connect with |
The Gold Belt system just above the /
Sunshine mill. The company is now /
annnIovins three eight -hour shifts in |