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

Sunbeam stock was on the up-gIAus
yesterday, but for what reason no one
seemed able to tell, but it mas leaked
out that it was due to the fact that
the company has just made some de-
sirable additions to its Tinuc property
and that it had also been able to Sc
cure an extension on bonds TO some OF
the most valuable ground embraced III
it's holdings, and if facts and figures
are anything to go ca, there IS every
reason to believe that in due time TINS
Silver City property, SO famed IN the
history Of the camp for the wealth. Oh
its mineral deposits, viii soon be able
to duplicate its former enyia9le rec
ord
In this. connection, The Herald is re-
hably informed that the Sunbeam COM
pany has just closed up a deal where
by it has secured a lease and bona 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, mas
never been worked to any great eX-
tent, and it is believed that large DO
dies of high-grade ore will be found
this there is but little doubt in the
minds of the officers of the company,
and of mining men. and it is the lnten-
ton to begin a drift at once from the
$50 station, in the Mediation shaft, and
run in to the Woodmansee ground ana,
as the great wealth of the sunbeam
ledge has been found at about this
depth, it is confidently expected that
before q great while the announcement
win be made that in this new soil
duplicate OF what. in years gone by
was disclosed il 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
2es feet of the ledge, and, as the conf
rany already OWES the Beaman sun
beam, a fraction of 80 feet, and the
First Southern Extension Of the Sun
beam, 669 feet, it viii be seen that it
now owns ard 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
Tintie district.
The company is now out of debt,
and as soon as money matters can be
arranged, sinking will 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
III 50feet more a large body of ore will
be encountered. But first, however, be-
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 encouraging, as
the acquisition of the WOodnansee
win give almost virgin ground in which
10 operate, and. as the Notation shaft
is only q few feet from the south end
line OF the property, it will not take
long to drift in on the vein and begin
the extraction of grade ore, and
this viii be done at once.