Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-12-16

/ secured FOR 10000 for one year with a
| cash payment OF $4,000.
When Work Begun
Work WAS commenced ON the shaft In
the latter part OF October 1903, and the
first shipment Went to market I'm two
weeks Ii was l0-ouuce ore, and no
shipment has been made since running
less than that amount, From the ore
extracted in the shaft alone down to
SO feet, the balance Of $4,000 due on the
property was paid, over LOO tons
have since been shipped, running from
5000 TO $500 which with the ores milled
has reached total output valued at
81, S000On The mine has a mile Of un.
dorgrouud workings, has erected Il mill
nj q cJst of Sl00 000, put IN. Il pipe line
to furnish water, costing $4,000; ~
equipped with an electric hoist capable
Of developing to a depth OF 1000 feet
Keeps a treasury reserve OF 100000 In
cnsh has paid S392, 900 In dividends,
which is i20 per cent OF the capitaliza-
zion ISSUED, and has blocked out ore
enough TO keep 2O-stnmp mill crush.
ing 10 tons per dag for three years TO
come All this has been done In two
years, and II Is no wonder that Cold
field IL the Mecca of the prospector
miner and capitalist.
Tho Combination Mines company was
organized 10 operate al the Comblna-
tion hroup OF four claims and fraction
and owns the GOconda group of six
claims, also, short distance to the
south of the Florence. On the latter
group only assessment work has so far
been performed, The company Is
capitalized at 100000 at 81 per share,
and has issued only $50, 900 shares, and
this Is all closely held, with no sales of
stock on the market
On the Combination, five shafts have
been sunk, the deepest being 800 feet
The vein has a strike from northwest
to southwest and dips to the southwest
until II reaches the sulphide zone. and
then changes 10 the northeast, The
ores SO FAR extracted have been in the
oXidized zone. above the 1850 IT, level,
4 Ten stamp Mil.
A ten-stamp mill was completed and
put into operation in April last and
has been successfully treating about
30 tons PEE dav of ore rurninp from $40
to $50, An addition of ten stamps
with concentrating tables is now be-
ing made to handle the suphide ores.
The process used II combination Of
amHlgamation, concentration and cy-
aniding, and secures an extraction OF
better than 90 per cent. The values
have not changed In the sulphide zone,
and 1t Is an encouraging feature that
the vein IN the deepest workings is
better defined than anywhere above
and shows the largest pay shoot IN the
mine.
The ore shipped during the past year
averaged s4l9 per ton, aud during tho
month of October last, about $50 tons
per week went out through the Column
bia sampler. The Combination has
yielded some rich ore and has somewhat
Of record itself In that line along with
the Florence and other sensational ones.
In sinking No, shaft, which Is located
about 800 feet south OF the main shaft,
to "a depth OF 40 feet. the ore taken out
was worth $72,00Oonly 81, 500 per foot.
The Combination company Is now elnk-
ing a shaft 10 tap the rich Reilly lease
channel, which adioned the Combina-
ton. j. u. Hubbard of Chicago is
president Of the Combination Mines
company, Arthur Young, secretary and
treasurer, Arthur Winslow, general
manager, and Edgar \. Collins, super. |
intcndont.
The Jumbo.
The Jumbo has had much the same |