The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-09-17
Dividend Paying and Invest
ment Mining Stocks.
W. E. HUBBARD & CO..
TEL. sos. 10 w. I'd So. ST.
THE OLD FRED MINE.
Extensive Work Being Done In It's
Development

Development.
Mercur Mercury: The fore part of
this week a representative of the Mer-
curry visited Sunshine and was graft
fed to note the Improvement going on
at that end of the district. The Over
land mill will be grinding out the
precious material within the next few
| weeks, and there is talk of the Sun
shine resuming operations.
While at Sunshine we took a look at
the Old Fred and were gratified at the
improvement since our last visit. The
ground of the Old Fred consists of five
claims surveyed for patent, and lies
Immediately west of the Overland and
adjOins the Sunshine on the north. The
naturalization in the Old Fred is Won
derful. Recent developments seem to
prove that it will make sure winner.
There must have been $4,000 expended
on the property, most of which was We'll
spent, and from present appearances
the golden egg had almost been reach
ed when B. T. Lloyd of Salt Lake and
Chicago associates bought a controlling
interest in the ground last spring.
The present owners have. been hard
at work in a systematic campaign Of
development for the last two months
and, as above intimated, we should not
be surprised, to hear of the Old Fred
jumping to the upper notch, any day.
There are three veins which seem
to be separate and distinct from each
other. The first is at the mouth of a
4O0-foot tunnel which runs into the
mountain to the westward. On this
vein a shaft, well timbereG, has now
reached a depth of about so feet. At
the bottom of the shaft the formation
has changed for the better within the
last few feet. There is now coming
in a. black shale which universally lies
over the ore bodies.
At a distance of about $50 feet in
the long tunnel there has been cut a
mammoth vein from 60 to 20 feet wide.
On this vein a chamber has been cut
out and an incline shaft is being sunk
on the vein. The showing at this
point is excellent, there being some
of the finest looking ore we have seen
for a long time and we learn the values
run from 1925 to $40 at this point and
will gradually improve with depth no
doubt.
The third vein in the Old Fred is
quite a distance back from the second.
An incline shaft 116 feet deep has
been sunk on this vein al the way in
ore which has given values as high
as SIS. It was for the purpose of
cutting the vein that the long tunnel
mentioned above was run. The tunnel
reached 400 feet and a Wine 112 feet
at an angle of about 20 degrees hoping
to cut this vein. A contract has just
been let by the company to Adamson
Bros. 81 Yates, to sink the winze so
feet deeper, which will no doubt reach
the back vein and cut it at a vertical
depth of nearly 500 feet and will give
from 200 to 500 feet on the angle Of
the vein. These estimates are said to
have been made by an experienced
engineer.
There arr two large forces at work
on this property and its future seems
assured; we hope so at any rate, for
another mill almost within a stones
throw of both the Sunshine and Over
land mills, would make the town of
Sunshine a thriving little burg.