The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-03-17
COPPER RANCH
PROPERTY SOLD
Prominent Operators Landed
the Bonanza Yesterday.
SPLENDID STRIKEINO.K
BINGHAM sMELTER's RECORD
FOR FoRTY-THREE DAYS.

Yesterday afternoon a deal was con-
summated whereby. ION a consideration
approNimating $4,000. about three
1ourths Of the capital stock of the Con-
per Ranch company. owning seven teen
claims IN Rocky district, Beaver county.
about midway between Milford and
= rlsco. passed into the hands of local
ana eastern capitalists. and the Of
hcial roster Of the organization was
made up Of new names. The chief pur-
chasers are r. 9. Chambers. Moses
Thatcher and Jacob West, tire latter Of
Logan, while the names Of eastern cso-
itaiists not released, also figure in the
proposition. The. control was delivered
by Arthur Murphy and 2. L. Prebble
OF MercUr aud other holders in this
CITY, and the deal was worked up and
contaminated by =. ". Lloyd who also
ngures IN the new company.
AT the reorganization r. G. Chambers
was made president, Moses Thatcher
vice president, y. T. Lloyd secretary
and general manager, and Jacob West
director. Another name is vet to be
added to the board, but whether a local
man VIII be selected, or whether the
eastern end of the string will be given
representation IS yet to be determined
ne company's possessions cover
ABOUT two miles in length of sthe same
great mineral-oearing zone occupied by
the .. X. to the west and the Mon
treal, owned by the Glasgow &. Western
company, and adjoining it on the east
me main vein or lode is from 100 to
$50 feet wide, and experts have repeat
edly declared that every pound of rock
lying between the porphyry hanging
and lime foOtwalls viii pay to mine.
or. rather. quarry and treat. as careful
es.dmates show that it will average 4
70 per cent copper, aside from the
silver and gold values it contains.
on the eastern end of the ground. and
within few hundred feet of the Mon
treal, two cross-fssures traverse one Of
the claims about 100 feet apart. No.
Is twelve feet wide. and the other is
sixty-siK feet on the surface. On No.
J a siXty-fOOt incline has been sunk
from which a 1000 pound trial ship
ment gave returns of 61h per cent cop
per, $1.S5 in gold and six ounces silver
the ore containing sufficient iron, lime,
etc, to make it a fine self-fiuXing
smelling proposition. In No. the ore
IS more siliCiOus. and carries all the
way from 61z TO so per cent copper. with
modest values in gold and silver. It has
been opened with a niDety-foOt shaft
and a tWeiVe-fOOt crOSScut from the
bottom. al in good ore. This great fis-
sure viii quarry 4 to 6 per cent copper,
three 70 ten ounces silver and $1.20 to
81 in gold.
on the west end of the property. IL. 2OO
sunk on the hanging wall side, and in
the bottom a very rich copper sulphide
ore makes in Stringers and punches.
TIE ore from the fOrty-foOt crOsscut at
the bottom will average "A to Is per
cent copper, with the regular accom-
paniment of gold and silver, while iron
and lime occur ~ admirable proper
tion to make it a. self-fiuxing product,
also.
A number Of eminent experts have re-
ha nr-rxr ar NJ
times. and not one of them but has
declared it TO be a magnificent prop
erty.
Manager Lloyd says preparations for
carrying ont an extensive plan of de
velopment are well under way, and
operations viii begin in a very few
weeks. The Copper Ranch. with all
the ups and downs il has met with in
the past is now in fair way TO be con-
erted into one of the great copper bo-
nanzas Of the county aud district that Is
regarded as the coming greatest red
metal producing section in the west.