Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-03-20
GOOD NEWS FROM
STOCKTON MINE.
Superintendent GaIlger Reports
Another important Disclosure
On 85O-Foot Level.
MINE NOW PAYING ITS WAY,
Big Bodies OF NH Ore West Of shaft
No Option on Property, says
Manager fireman,

Some telling development work has
been IN progress at the property Of the
New Stockton Mining company during
the past few weeks and there Is not the
slightest room for doubt but that It Is
going to be one Of The biggest produc-
ing mines In the camp Of Stockton.
In addition to the chapter OF strikes
that have been reported from that
source, came another during the day
when Superintendent Gallget advised
Manager Trenam by telephone that
when the smoke had cleared away rom
the blast fred by the grave yard
shift at an early hour this morning II
was found that the whole lace of the
diff to the east an the $50 level dis
closed ore, much Of which Is undoubt-
eddy of a shipping grade The disclos-
ures made on the so have been most
important right IRON the time the DRIFT
was started of from the shaft. Soon
after cutting the station, tue driit pene-
tTated ore Tor a distance OF 81 feet,
about half OF which 3 Of a shipping
grade, when a lime horse Was encoun-
tered. The drilt was pushed on through
this intrusive mass for a distance OF ~
feet, then followed 20 feet OF ore an
other horse, similar to the nrst one
came In and was found TO be OF the
thickness OF % feet now ore Is being
penetrated with the exact length OF the
shoot to be determined. On the ,OO
level, ~ was 1856 feet long
TO the west of the smart, some I'M
~ mil d.
cradle high grade ore has been en-
countered. but the extent OF the zone
in that direction Is SUI an unknown
quantity.
The properly IS splcndldly equipped
and with the small mill IN operation
the company Is more than paying eN-
penses OF operation.
During the past month the corpora
tiOn's Indebtedness has been materi-
ally reduced through the sale OF 4
large block of treasury stock and
with returns from the pending assess
fnent. the company will soon be well out
OF the woods. ana on the direct road to
dividends.
Manager Trenam and associates have
mad a long. hard struggle In the devel-
opment OF this stockton property, they
pulled through many discouragng
stages, but Always came out with con-
Vlctlons stronger than ever that II
would eventually develop into mine OF
great Importance TO the camp and 10
the state The campaign OF develop
ment was begun six years ago; today
the clouds are lifting the success long
ed for is almost accomplished.
While admitting that some of the eX-
perta that have been securing the va
rous mining camps OF Utah for desr'
able propositions had been at the New
stockton Manager Trenam declared y
a News" representative today that thf
company had given no option on it'
property, nor would It DO so, 1T Is SIM
ply this" said he, III anyone comes
along that wants the Stockton and Is
willing to pay the price we ask for Il
why OF course we would let u go.
have been approached on the basis o.
selling a control but TO do that woulC
be unfair "a the shareholders who have
stayed with us from the start l fol
one propose at least to give them M
equal opportunity
eyes, we will permit the public t'
examine the Stockton mine. We arr
not ashamed to show It to anybody. W.
know Il Is all right