The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-12-31

Not satisfied with securing lease
and bond on the Cannon group OF
claims. at Mercur. adjoining the noteo
Mercur mine on the east, as stated IN
Yesterdays Herald. c. II. Schue, the
Well-knoWn mining operator, has again
succeeded in his negotiations Ior sui
more ground in the same locality, ana
Yesterday closed q deal whereby he Sc
cured a lease and bond on the Golden
Gate Extension group of seven patent
ed claims adjoining the Cannon prop
erly on the northeast and DE Lamar
Golden Gate group on the southwest.
According to the terms Of the agree
ment. The Herald is officially in
formed. the option is for period OF
ten months, While the bond calls for
the ultimate payment of 100000, pro-
vided the same is taken up, and dur
ing the life of the lease Mr.. Schue is
to deepen the shaft by 500 feet unless
pay ore is sooner found, the shaft to
be double compartment in conformance
with the work already done, as a
double compartment shaft has already
been sunk to a depth of 40 feet.
In securing options to these two val
liable pieces of property, Mr.. Schue has
tied up some of the best practically un-
developed ground in the very heart OF
this great gold c&mp, and it is be
lieved that further investigation will
prove the theory dIA elllCGl ny IADOA -
and experienced mining men to the
effect that in the Cannon ground there
will be found an extension OF the eX-
tenSiVe Mercur ore zones, while there
is but little doubt but that in the Gold
en- Gate Extension q continuation Of
the Golden Gate ore chutes will be
uncovered.
According to the provisions of the
bond, Mr. Schue is obliged to begin
work Immediately in the development
CT the Golden Gate Extension, employ
ing no less than ten men, While at any
time he is at liberty to take up the
bond.
The property is equipped with a fine
steam hoist and everything is in readi-
ness to prosecute work successfully
and with comparative ease.
The accompanying map will show
the relative locations and positions of
the two groups tied up by Mr.. Schue,
and those who are acquainted With
the contour and lay of the country
at this point can readily see and ap-
preciate the situation, inasmuch as
the ore zones, running in northwest
erly and sOutheasterly direction, must,
if continuous, pass from the Mercur
into the Cannon ground and from the
Golden Gate into the Golden Gate EX
tension group.
Another important feature connected
with the two transactions Is the fact
that south of and adjoining these two
properties is the Merritt group, owned
by Captain J. r. De Lamar, and this
gives color to the soft impeachment
that the captain is interested with Mr..
Schue in getting control of the Cannon
and Golden Gate Extension groups, al
though Mr.. Schue claims that these
rumors are unfounded.
Still. these two transactions on the
lN,l,
the camp. as active and intelligent
work will be prosecuted, and if the
mineral exists in the locality, as be-
heved, it viii not be long before the
veins viii be uncovered, thus proving
that the limit of the naturalization of
this wonderful gold producing camp
has not been reached as yet, by any
means.
The officers and directors of the
Golden Gate Extension Mining COM
pany are as follows:
J. r. Walker, jr.. president; George
Kislngbury. vice president; c. II. Grit
fin. secretary and treasurer; George II.
Robinson and c. A. Walker.