The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-02-21

The officers of the Japan Mining COM
pany have reason to feel well pleased
with the showing that has been made
within the past few days in the group
of five claims owned by the corpora
ton in Ophir district
The Japan ground is located across
the canyon from the Northern Light
mine on Chloride hill, and adjoins the
famous old Buckhorn and is in the
near vicinity of the Hidden Treasure
The Japan has been worked IN
desultorv manner for a number of
years, but now it is being developed in
a systematic manner by the japan
company, and the encouragement that
has been met with during the past
week is such as to lead to the bellet
that now it is only a question of time
and work until the property Will take
rank as a producing any paying mine.
When the company commenced oper-
ations four months ago it began the
driving of an incline tunnel, and at a
distance of rs feet it was rewarded by
uncovering a strong ledge, four feet
between walls, which is believed to be
q fissure as the formation on both
sides is lime.
The vein, where first disclosed, gave
average values of 40 ounces silver and
through il there We're pockets. seams
and stringers of high grade ore that
carried excellent gold values as well
as silver and copper.
AS it has been the intention OF the
company to open up the ground IN
thorough manner the incline tunnel
was then driven along the side of the
ledge until a distance of 100 feet was
attained. and last week at this point,
what is believed to be a cross-Veln or
feeder. came into the face of the tun-
mel from the left, and the indications
are that within a few feet more a
chute or chimney of very high grade
ore will be disclosed
Already the new discovery has been
penetrated for a distance of three feet
and the character of ore that has been
uncovered is such as to carry out the
theory that in the Japan there Will
yet be disclosed one of the richest
producers to be found on the hill, and
there are a number of mines in that
locality that have made wonderful rec
ords in the past in this line. Some of
the ore ranges way up in gold values,
while in some of the samples now on
exhibition at the office of the company
in the Atlas block, native silver can
be seen. and assays that have been
obtained from the new strike snow a
range OF values from 40 ounces to 1000
gold to the ton.
The indications are that the main
ledge has increased in size since leav-
ing the 45-foot station, but it will not
be cross-cut until the tunnel has been
driven a distance OF ten feet further
The Japan Mining company was in
corporated four months ago with cap
italization of 10000 shares of a par
value of 81 each, $500 shares of which
were set aside as treasury stock. Of
the treasury stock $500 shares were
subscribed for at 80 cents share, leaV-
ing $500 shares in the treasury, and
this has been withdrawn from the
market as the company is in good
financial condition. and is in shape so
that it can push development work
steadily from now on
The company is what might be
termed a close corporation, and is very
conservative in its operations. yet at
the same time it is doing business on
a business basis without any special
display or bombast.
In the organization of the company
the officers and directors were named
as follows:
shand Smith. president: H. Cart
wright, vice president; H Duke, !
treasurer; w. +. Shelton. seSretary;
Charles r. and John Higson.
Surrounded, as it is, by noted mines. |
such as the old Mono, the Buc' ern, |
the Hidden Treasure AMI the Kear- |
sarge, there is no reason why the
Jaran. judging from present indica- /
tons. should not develop into pro- |
life producer of the precious metals.