The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-24
MERcUR MERCURY NOTES.
Renewed Activity In This Great Gold
Camp

Camp.
The Chloride Point mine made it's
usual weekly shipment of ore Satur-
day. The lot consisted of. II tons and
averaged $50 ounces silver per ton. This
property is a good illustration of the
peculiarities of the stock market. Sew
eral weeks ago the stock was worth 90
cents. Since then a large amount of
new territory has been opened up and
several thousand tons more of ore, all
of which Will average 20 ounces silver,
nave been developed, besides the usual
amount of high grade ore, which has
been taken out and shipped. and still
the stock has deprecated and was Of
fered within the past few days for %
cents. This fact paralyzes the boys
Who work in the mine and understand
us value. The only difficulty expert
enced at present is found in the bad
air, and this trouble will soon be re-
moved. 1t will only be necessary to
drift 20 feet further in the tunnel and
sink the Gladstone shaft 80 more feet
when the needed air connections will
be made. Superintendent McEvoy is
developing the property in an able
manner and the stockholders who have
examined the mine recently are feel
ing good and holding for better prices.
The three engines and boilers, con-
shutting the hosting and crushing
plant of the La Cigale mill are now I'M
der cover. The tank rooms are being
enclosed and the material for the tanks
viii arrive this week. The gallows-
frame is being erected, which compels
the suspension of work in the mine for
the present 1t is the intention to turn
steam in the boilers next week and do
the hosting Herewith in future, and
water for THAT purpose will be hauled
until the waterline is completed Con-
tractor Rhodes is pushing the work
thereon and Will have 1t completed by
the time the mill is ready for operation,
which will be in a month or six weeks.
Henry 5. Mckay, of Boston, president
and one of the chief stockholders in the
concern, is on the ground and will re-
main until the plant is in operation
The Brickyard is working eight men
and magnificent ore bodies are being
blocked out. The north drift is in sew
eral hundred feet. 1t is Captain De
Lamar's intention to bring the output
of this property to the Golden Gate
mill by the aid of an electric trolley
line, much the same as used on city
streets.
About ten days ago a crosscut was
started from the bottom of the Wonder
shaft in almost an easterly direction,
anu IL 10 LONs We are HlIOTu6Q, get
ting into very promising territory. The
Wonder has been unlucky, but there is
no doubt but that 1t covers a part of
the great Golden Gate ore zone.
There is continued Improvement at
the Geyser- Marion which, however, is
so steady that it has come to be re-
garded as a matter of course and
causes no comment. Nearly a hundred
men are how employed on the property
and IT'S tons a. day are treated at the
two mills.
Colonel Wall came out from town
Monday to inspect work on the Cedar
Hill group on the weSt dip, where ne
has had a forlce of men al work fer two
weeks past running for the ledge, which
on the surface gives returns ST from
So to Sc and 81. The ground is we'll |
and We have no doubt but |
that Colonel Wall will develop a mine |
there
Recent developments in the Rover |
are making the operators feel good |
The work is being done on what is
known as the East Hill, whereas the /
first ore discovered was on the West |
Hill. The new discovery seems to be |
permanent and assays from So to $3.50.
A force is at work developing the find /
and we have faith that development I
will prove the discovery to be of great
value.