The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-10-30

Tiutie district has furnished the
groundwork for q number of mining in
corporations of late. a number of which
were based on properties in the imme-
diate vicinity Of Silver City, where. be-
low the zone of pyrites, big mines have
been disclosed in the Swansea and
South Swansea. and it is the intention
of the management Of the new corpor-
ations to also sink below the pyritic
Gaping, where they expect to duplicate
the showing disclosed in the mines
above mentioned.
OF these new companies. the Hope is
most admirably located, the claim own
cd by the company being situated be-
tween Silver City and Mammoth. and
the trail connecting these two camps
crosses the Company's ground.
The Hope, far from being a mere
prospect, has record in the past as a
shipper Of rich ore. and the surface
showing is excellent although ii is con-
fdently believed that with depth and
the piercing Of the intervening layer
OF iron pYrites. a magnificent body of
high grade ore viii be disclosed. as the
veins on the property are true assures,
which means much ia that locality
These two Veins parallel each other at
a distance of $50 feet. and from their
pitch and inclination, as disclosed by
surface workings, it is evident they
VIII come together at d depth of 800
feet. where. according to all calCula-
lions and the past history Of the mines
Ct that section, an immense chute OF
ore VIII be uncovered.
On os2e of these veins three shafts
have been sunk, one to depth of 100
feet. the second to 105, and the third &c
the lao level, al disclosing good ore,
while on The other ledge one shaft reg
listers a depth OF 100 feet. and another
2l0, ana from these workings, in the
years 1879, 1880 and 1881, ore was ex-
traeted and sold TO the extent of S50. 900.
the Smelter returns showing silver VAL
ues of from 81 to 565 ounces to the ton,
besides a handsome percentage in lead,
while from the ledge first mentioned.
l05 ounce silver was the rule. and 50
per cent lead
The company, the personnel of which
includes the names Of some Of Salt
Lakes most prominent business and
professional men, has just finished its
annual assessment work on the Hope
which consisted Of cleaning out and
Strengthening the several shafts. it be-
Ing the intention TO begin active work
in sinking through the pyriteS, which
VIII be done as soon as :ha treasury
Of the corporation can respond to a de-
lnand upon il for 81. 600. and of this
amount. The Herald is assured by
Judge A b Sawyer, the half has nearly
been raised by the sale Of treasury
stock. While the Indications are that
enough more will soon be placed to
permit OF a resumption of work at en-
early date.
The mine IS equipped with a good bunk
house and Il large ore and Whim house
combined, so that everything is in read
mess for successful and continuous
work as soon as the signal is given to
begin sinking for the wealth of ore that
is believed To exist beloW
The Hope adjoinS the Rabbit Foot
on which extensive developments are
under way. and ii is also within a short
distance OF the famous Iron Duke. so
that il will be seen that the property
is travelling in good company, with
hright nrnsnects IN store for ii.