Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-02-10
MINING. BUSINESS AND STOCKS

rlyaled within the year. Many OF the
visitors are old timers OF Tonopab who
let ;he good things OF this camp slip
away from under their very noses and
they are bemoanlng the luck which
made them walt TIL such time that
dollars cannot buy what could be gotten
for cents but q fe'4 weeks ago.
Those who got in early in the week
were lust IN time TO see three OF the
most important strikes yet made In the
district. on Jan. q Ave sets Of leasers
started to work on the Florence group,
adjoining the Combination on the SOUTH
east. On Tuesday, Feb. 2. three Of them
had uncovered the ledge and exposed
ore showing high values In gold, while
aunother has tunnel driven which Will
doubtless catch the ledge at some depth
before the week Is out.
The lease closest to the Combination
Is that of l.. l.. Patrick & Co. on this
the ledge was uncovered at shallow
depth but II is 10 feet wide and on
Tuesday numerous paintings indicated
values from $500 to more than $500 per
ton.
The next lease. above Is that OF Swee-
ney. Hennessy. Wingheld and Nixon, A
trench has been run on this which ex-
poses about % feet OF ledge matter,
nearly all Of which carries values.
Where the best pay streak Is supposed
10 be a hole has been sunk to depth
of six feet. and paintings from this
show values up to $500 per ton. A
handful OF loose dirt from this place
was PANIED in the presence Of the writ
er and n nice bunch Of coarse gold was
the result. Among the FIVE persons pres
ent were three who are expert In de-
termlnng values from paintings and not
one OF them put there suit IN this case
at less than $500 to the ton,
Il am going to put II az $500 per ton
the writer remarked. THE outside
world simply won't believe we have
such values here"
I'VE don't care 20 have them believe
II for a time anyway" said one OF the
old timers Of the district I'VE offered
interests In our claims when we were
hard up few months ago for almost
nothing and they wouldn't believe we
had anything here. Now they are offor-
ing up 10 and 100 times as much; but
when we get our properties opened up
a little more, we. Will prove that even
the prices they are offering now are not
q tenth Of the value"
And this Is true. The original owner
OF the Florence had many claims, but
no money. He offered II for $40 but was
refused and finally succeeded In getting
the location work done and recorded.
II Is needless to say that an offer OF
$40 900 for the Florence today would not
bring forth even pleasant smile.
The lease next 10 Sweeney & cos
IL owned by Cook Bros McWilson and
Stimmel on Tuesday they took ont
piece Of rock which was literally sprln-
kled with gold visible 10 the naked eve.
II has not been assayed hut'the amount
OF gold visible IL enough 70 insure high
values n there Is no more IN the rock,
They are sinking In the norphvry along
side the ledge and will crosscut VIII
some depth is reached.
On the tense OF Riggs Collins. La
Lime Swan and Plckard the boys are
running tunnel which viii tap the
ledge nj depih Of about 60 feet
II IL believed that they will ret the
ledge within day or two and u the
values near the surface hold out to even
this depth II means that every leaser
viii make fortune.
Charles Thomson. Ollie Lorroog j
w Smith Jack Martin and Andy Me-
Allieter have the next lease. This IL
IN the Hat and the shaft wac originally
sunk 10 get water, but when ledge
was struck the search for water at this
nolnt ended, The boys are not giving
the values hut the quartz looks good.
There are nine men now WORKING on
the January lease. owned bv Patrick.
Tones and Kendall. Considerable
tronphinp "a belnV dODa with the oh
iect Of finding out which way the ledge
runs and II has heen uncovered in three
places. AZ the deepest working. which
Is only about seven feet sample was
thken across four feet ~ the led7
the assay return was $500 so TO the ton.
An assayer who has no interest In the
lease took two samnles. and one ran
$3.50 and the other $500 TO the ton. The
January and February claims are
owned by the Goldneld Mining company
of Nevada,