The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-02-04

The Herald has made the assertion
time and time again that it was of the
opinion that in the near future it would
be found that in the near vicinity OF
this city some valuable mineral dis
coveries would be discovered, and that
at no distant day our people could
boast of a prolific producer and div
idend payer almost within the city linn
its.
This has been no idle talk, and it is
believed that during the coming sea-
son these predictions will be verified
Mention has been made in these col
umns of the new gold producer near
the mouth of Little Cottonwood, about
Is miles south and a little east of Salt
Lake, known as the Dipper mine, and
it is this property, which is now in
strong hands, on which The Herald
bases the fulfillment of its propheSieS
to a certain extent.
The Dipper group, consisting of three
full claims, was incorporated upon
during the past summer by the Dipper
Gold Mining company, and it is stated
that, from all indications, this ground
is the making of one of the richest gold
producers in the state.
For the past three weeks a deal has
been pending for the purchase of this
property, which was conSummated
yesterday, when the papers were signed
whereby a bond was secured by Gill
S. Peyton and his eastern associates
on the capital stock of the company,
the life of the option being for period
of six months.
The Dipper has been worked in a
dilatory manner since last fall, al
,,,-i1 tl,af ror,,1 tfrr, @ff ha
company the former owners had
opened up the vein in several places.
The largest amount of work on this
ground has been performed in the
sinking of 40-foot shaft, in which a
seven-foot ledge was uncovered from
the surface to the bottom, from which
average assays of $12.98 in gold were
obtained, and while doing this work
a three-ton shipment of assorted ore
was made that sold on the market on
controls showing values of sos in gold,
but the general range of the ore is
from S10.33 to $62 to the ton in the yell
low metal.
There are also two tunnels on the
property which are in 40 and so feet,
and in the face of each of these fine
bodies OF gold ore are exposed.
The formation is a assure in granite,
and there are several of these gold
bearing stratas within the boundary
lines of the group, while cutting
through the property there is what is
believed to be the mother lode of that
locality. This ledge is Is feet in width
at the surface, and although this body
of ore has not as yet been prospected
to any extent, grass-root assays of
$500 have been obtained, and there is
every reason to believe that with depth |
the gold values will increase.
The gold is carried in a lively look
ing quartz and a decomposed iron ore. |
1t is free milling in character, and it |
is often that the native gold can be
seen in large quantities in the quartz,
and this ore is very rich, sometimes
up into the thousands in value. |
Mr.. Peyton, who is now in charge of
the property, is well and favorably
known in this city on account of his |
former connection with the now ia
nous Mercur mine, in Camp Floyd dis
-rict and as he never Identifies himself
with anything in which he has not i'm
0licit confidence, it is believed that the
success that has marked his former
centuries in the mining line Will attend
lin in this.
Mr.. Peyton, in speaking of the Dip
Der mine, stated that he never saw a
better surface showing, and he was
LstoniShed that such a promising show
ng in the mining way had been al
owed to remain unnotlced for so many
Tears, and his only explanation of
UGH a singular incident is that the de-
,osit is too near the city, as distance
ends enchantment to the view in
his country as elsewhere. AS he is
ully satisfied that the Dipper will open
ut into a rich producer of the precious
METAL, it is his intention to put a
arge force at work Immediately in
he thorough development of the prop
rty.
The promoter of the enterprise was
: H McKaig, of this city, who has
cen working on the deal for a month
r more, and ne is fully convinced that ,
his is one of the most promising gold ]
respects in the state.