The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-04-17

A very strong mining company filed
its articles of Incorporation with the
secretary of state yesterday and it is
confidently expected and believed that
this is but the initial step toward the
development and operation of one OF
the greatest gold properties in the
state.
The title of the company is the Blue
Mountain Tunnel and Mining company
and the personnel of the incorporators
of the same is as follows:
Judge c. w. Bennett. Judge Henry
Rives. Hon. Heber NJ. Wells, Frank d.
Kimball and Abraham Hanauer jr., of
this city. and Judge Mark w. Mus
/ grove and Robert ]. Thompson of Mon
/ ticello, San Juan county, Utah.
These gentlemen comprise the di-
rectory of the new Incorporation, while
/ the official roster has been named as
/ follows:
Mark W. Musgrove. president and
general manager: Heber NJ Wells,
vice-president; Frank D. KimbaIi,
] treasurer, and Abraham Hanauer jr.
I secretary.
The capitalization of the company
has been placed at 500,O 900 shares of a
par value of cents a share, equaling
$4,000, of which 5000 shares have
! been set aside as treasury stock, which
will be sold for the development of the
property of the company, if needed,
$4,000 shares of which will only be dis
posed of at the present time. and this
has already been subscribed for at the
rate. of % cents a share.
The property of the company, which
is located in the Blue Mountain min
ing district in San Juan county, Utah.
and which adjoins the noted gold mine
owned by the Gold Queen Mining COM
pany of this city, is composed of the
following claims:
The Flagstaff Nos. and 2, the Hid
den Treasure, the Emma the Jeffie B.
the Laura, the Snow Drift, Blue Mount
ain, Bay State and Water lode, besides
which there is a water right, mill site
and tunnel site.
the company adjoins the Gold Queen
ground and is located Immediately
north of this property, and the de-
velopmentS in the Gold Queen demon
strate the fact that the great ore zone
as opened up in this ground passes
through the property of the Blue
Mountain company.
The Blue Mountain group has been
more or less developed by shallow
shafts. and while in some portions of
the group the ore body is more or less
broken up still the vein and vein mat
ter has been disclosed wherever devel-
opment work has been done.
On the Flagstaff a 35-foot shaft has
been sunk on the ledge and from top 10
bottom fine body of milling gold ore
has been disclosed. while at the depth
of IS feet a body of mineral from four
and one-half TO five feet in width has
been uncovered that carries values of
from SIS to S25 in gold to the ton, while /
on the Hidden Treasure there is a three !
or three and one-half-foot body of ore I
in the bottom of the 13-foot shaft that !
assays from $16vto SIS in the yellow /
metal to the ton
II is the intention of the company /
to develop the property by means of /
tunnel, and from measurements taken |
it has been demonstrated that this will /
encounter the ledge a a vertical depth |
of 1,265 feet at its greatest depth, while |
at the lowest point a depth of a little
less than 1000 feet viii be attained. /
The tunnel, when in a distance of 600 (
feet, will have gained a depth of LOO |
feet, so that ii will be seen that in
the workings a gain of more than a
foot for foot will be made. and il will |
be seen at glance that when the ledge
is encountered, which will be in what .
is considered the very heart of the
will have an immense amount
Of stopping ground to go on.
The Gold Queen has so far progressed
in its development that a mill mas al
ready been erected on the ground for
the treatment of ore, and a short mill
run has demonstrated the fact that
this property will soon fall into line
as a dividend paying proposition.
The Gold Queen is the making of
and has mountains of good
milling ore in sight and some that is
high grade, to prove which assertion
[ is only necessary to state that a
short time ago a sackful of ore was
picked up at random from the surface
and from the workings of the property
BY a disinterested party and the lot
gave assay returns of ISL. in gold to
he ton, and the mineral disclosed in
he surface workings of the Blue
Mountain company is of the same
AS to the personnel of the company.
t is not necessary to introduce the
;entlemen TO Herald readers, as they
Ire well known to most of them.
Suffice it 10 say that their names are
| guarantee as to the value of the en-
erprise in which they have just en-
parked, as most of them are prominent
n business and professional circles in
his city.
The manager of the company is
Gentleman who is well qualified to
,ush the work of development of the
property 20 successful fruition. He
las had years of experience in mining
nd is the peer of the leading men of
his western country, with whom he
njoys an equal footing. He is modest ,
n his disposition and shuns notoriety. {
nd yet he is hail fellow we'll met
nd has Z host of friends in this inter-
mountain region. !
The company will have no high-sal-
ried officers. and every cent derived !
rom the sale of the treasury stock will !
e put into the ground in the way of
evelopment. and it is believed that it
ill not be long before a mill win be I
ending out its monthly installment of
ullion. '
N GOLD MOUNTAIN DISTRICT.
xcellent Showing in the Miller Gold I