The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-01-15

Sunbeam stock was on the upgrade
yesterday, but for what reason 10 one
seemed able to tell, but il mas leaked
out that it was due to the fact that
the company has just made some de-
sirable additions to its Tintic property,
and that it had also been able to Sc
cure an extension on bonds to some Oh
the most valuable ground embraced IN
its holdings. and if facts and figures
are ANYTHING to go on, there is every
reason TO believe that in due time this
Silver City property, so famed IN the
history of the camp for the wealth. OF
its mineral deposits, Will soon be able
to duplicate its former envia5le rec
ord
In this connection, The Herald is re-
liably informed that the Sunbeam COM
pany has just closed up a deal where
by it has secured lease and BOND on
the Woodmansee Sunbeam 92l feet, ad-
Joining the Mediation Sunbeam on the
north.
This ground, which environs the eX-
tension of the Sunbeam ledge, has
never been worked to any great ex-
tent, and it is believed that large bo-
dies of high-grade ore will be found
in it from the grass-rOots down. In
this there is but little doubt in the
minds of the officers of the company,
and of mining men, and it is the inten-
ton to begin a drift at once from the
$50 station, in the Mediation shaft, and
run in to the Woodmansee ground and,
as the great wealth of the Sunbeam
ledge has been found at about this
depth, il is confidently expected that
before e. great while the announcement
viii be made that in this new soil
Nv
was disclosed in other portions of the
vein to the south. has been uncov-
cred.
Besides acquiring a bond and lease
on the Woodmansee. the company has
secured a years extension on the bond
of the Mediation and Stubs Sunbeam,
south Of the Woodmansee, embracing
264 feet of the ledge, and, as the COM
pany already OWLS the Beaman Sun
beam, a fraction of so feet, and the
First Southern Extension OF the Sun
beam, 66s feet. it will be seen that it
now owns and controls 1884 feet of this
wonderful Sunbeam ledge, from which
several fortunes have been taken in
the past. but none Of which has ever
been scientifically worked or handled;
and, with development, this group
stands to drop into line as one of the
regular dividend-payers of that end of
Tintic district.
Che company is now out of debt,
and as soon as money matters can be
arranged, sinking viii be resumed in
the Mediation shaft, as it is the inten-
ton to find out what is below the py-
rite Gaping, and already the showing
is encouraging, as punches Of ore are
coming into the vein at the bottom of
the shaft, and it is believed that with
in so feet more a large body of ore viii /
be encountered. But first. however, be- 4
fore sinking can be resumed, pumps
will have to be put in, as water has
been encountered, and is giving trou-
bic.
Taking It all in all. the outlook for
the Sunbeam is most encoUrag ing, as
the acquisition Of the WOodmansee
viii give almost virgin ground in which (
to operate, ana. as the Mediation shaft /
is ONLY few feet from the south end ,
line OF the property, it viii not take /
long TO drift in on the vein and begin |
the extraction of high grade ore, and |
this will be done at once.