Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-02-19
QUAKERS BUY
BULLFROG MINES
Eclipse and Denver Properties
Taken in by Philadelphia
Capitalists.
RUSH GROUP TO NEW WORKERS
Gibralter Properties Have Been Sue
ccsSfully Financed---Goldiicld
Interest In Manhattan.

Special Correspondence.
Golddeid, New. Feb. 1.-THE purchase
by Charles Nj. Schwab OF the control
ling interest in the Montgomery-S ho-
shone mine at Bullfrog and the Sho-
shone-Polaris. which adjoins, at valu"
alton of s5,O0Ooo0 for both properties.
is followed up by the news that Phil
adelphia syndicate has secured complete
control OF the Bullfrog Eclipse and
Bullfrog Denver properties, and another
is now endeavoring TO get possession OF
the Bulfrog Gold Bar and Bullfrog Ma
tional Bank. l.. l., Patrick, owner Of
the controlling interest, states that
there is over a million dollars worth OF
ore blocked out and IN sight in tho Bull
frog National Bank mine. This an
nouncement Is responsible for tho re-
cent ADVANCE In price, Twelve men have
been employed opening up this property
for the past year without lntermission,
and over 900 feet OF work has been
done underground. The main shaft
Is down 200 feet, and a drift has been
run for 50 feet at this level. In the
course OF development work. 10000 tons
OF ore have been blocked out that will
average $35 per ton according to care
full samping recently done by l.. l..
Patrick himself The vein on which
this drift has been run Is eight feet
wide. The lowest assay taken gives
500 per ton and the highest $50, the av-
erage, as stated, for all the samples
taken being S35.
Here Is the record OF some other sam
pies that were taken this week; From
the hangingwall on the main cross
cut at the 2O0-foot level. sll0.60, foot
wall, same point $500; face Of left side
main. Cross-cut, $40 new strike across
1 feet ST.. 20: drift 20 feet south main
cross-cut, s27s roof and wall 40 feet
south cross-cut, 5000; first cross-cut
from main crosscut. $3.50 At the 100
foot level drift 30 feet from the turn
gives an assay Of $500 An open cut
under the windlass on the surface gives
$1,000
SALE OF RUSH GROUP.
The purchase of the Rush group Of
claims on Bonanza Mountain by a SYM
dicate OF New York and Pittsburg capi-
talsts for sums varlously stated at
$4,000 to a quarter Of q million, COM
pletes the incorpora ton OF properties OF
known merit on the sensational Bo-
nanza Mountain in Bullfrog. On this
mountain are located the Gibraltar
Controlled by James Farrell and W. V.
Rice Of Salt Lake., Denver. Eclipse.
Tramp, and Golden Scepter properties.
The Rush group has brought higher
figure before incorporation than any
other property ever sold on the noun
tain. and shares IN several OF these are
now selling at valuation OF n million
dollars and upwards for each property.
The Rush property consists OF four
claims-the Index, Keystone, Rush No.
/ and Rush No 2 They are located
just north OF the Denver, Eclipse, Glib
raltar, and Golden Scepter ground with
the extension OF the lodges on these
properties. Prof @. r. Bailey, n mining
engineer of note, and former professor
OF metallurgy in the state school OF
South Dakota Is consulting engineer.
Sam q. Boston has been appointed SUI
perIntendent Of the property. Mr.. Bos-
ton has been for % years on the Com
stock Thirty men have been engaged
to go 60 work at once to open up the
property, and $40. 900 has been set aside
for development uses during the next
two months.
on the Denver, which adjoins the
Rush group, the east crosscut from the
third level has exposed 20 feet of ore,
with no sign OF the foot-wall The
crosscut Is 800 feet under cover, with q
vertical depth Of $50 feet The drift
Ia five feet wide and the crosscut has
been run IS feet, making a total Of 20
feet of high grade milling ore, Is feet
OF which is solid quartz. Shares In
this company are selling ut par.
GIBRALTAR FINANCED.
Stock In the Gibraltar Mines syndi-
cate advanced sharply this week from
30 cents to so cents bid. and all offers
at the latter figure were refused at the
Offices of the company, Il being an
nounced that the company Is now FIN
nnccd. No more stock will be let out
even at par A million dollars worth
Of ore Is said to have been blocked out
in the course OF development work
during the past eight months on this
property
on the Tramp claim on Bonanza
Mountain, a shaft has been sunk so
feet and a vein two feet wide OF man
ganese quartz averaging $50 per ton
has been exposed.
The upper Golden Scepter tunnel has
reached its objective point, the tunnel
having encountered the Tramp ledge
during the week and penetrated IL II
feet, all OF which shows manganese
quartz and silicfed rhyolIte. Good
paintings and assays are obtained from
width OF seven feet. the assays run
ming as high az N25 and as low as
s19 80.
Tremendous interest has been aroused
throughout the country In Bullfrog,
as IL evidenced by the enormous
amount of correspondence that comes
to the Goldheld brokers daily on the
subject OF Bullfrog properties and min
ing shares. The east Is beginning TO
take on Bullfrog stocks in big blocks.
The following table will show the in
crease IN market values OF Bullfrog
stocks during the past two months: