The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-09-19
ELY IS USING
THE CHURN DRILL
Nevada Central Group Begins
to Explore Its Acreage
in District.
PROPERTY ADJ0INS THE
NEVADA CONSOLIDATED
Greater Promise for District
Than Any Region in All
the World.
Special to Tho Tribune.

Special to Tho Tribune.
ELY, Sept. 17-rollowlng the an
| nouncement OF the stupendous quantity
OF 4G000,000 tons OF copper ore already
developed and "in sight" IN the Nevada
| Consolidated mine of this wonderful
camp, comes the scarcely less important
| information that the Pheby brothers
have inaugurated a system of testing
with churn drills to locate the ore
bodies In the Nevada Central property
| which adjoins the Nevada Consolidated
and contains several hundred acres in
| tho heart OF the mineralized district. 1t
appears TO be the greatest copper deposit
| on earth beyond q question, therefore
| II Is worth while to understand its char
acter. Those who are not already fnan
| cially interested are liable to become
interested at some future time and 1t
is desirable that clear notions should
obtain. The greatest copper mine
in Michigan had paid profits to It's
stockholders up to 1906 amounting to the
enormous sum OF $93,000000. That was
net profit earned, and 1t stands, l be-
lieye. as the greatest net profit ever paid
by single mine in the world.
Well, compared with the vast develop
ments on the Calumet and Hecla the
work so far done on the Nevada Consoli-
dated is the merest trihe. and yet today,
with rather less than two per cent OF It's
ground explored the Nevada Consolidated
has in sight In those 10000, 900 tons OF ore
net profit to divide among It's stock
holders of Sl76,000, 900. at the present
price OF copper. These amazing figures
do not originate with me. pray under
stand, They originate with the great
New York mining expert. Mr.. ], Parke
Claiming. who has examined and reported
upon the property. That report is now
published and obtainable. l have only
extended his calculations from the con-
dition of the property and the price Of
copper at the time of his report TO the
condition OF tho property and the price
OF copper at this time, amply warranted
In extending his calculations to present
conditions. AS my object is to give a
vivid but faithful general impression OF
the magnitude and value of the great Ely
deposit. rather than to recite details, |
beg indulgence TO reiterate that q single
mine at Ely contains today In sight a
net profit almost twice as great as the
Calumet and Hecla has earned in
career of sixty years-and that mine, the
Nevada Consolidated. though as yet the
most extensively developed In the camp,
is not regarded locally as the best prop
erty on the great deposit. 1t contains
600 acres which is hardly more than a
tenth OF the whole field known to be min
eraliZed.
The cost Of sinking with these churn
drills is less than a dollar foot. The
keystone churn drill is the type used
and the cost OF an OUTFIT Is $4,000, a frac-
tion Of the cost Of core drill. while the
results are just about as satisfactory
and they are simple and cheap to operate
and several OF them will soon be at work
Tests Of the same sort will soon be made
in the lime and IL will be a disappoint-
ment II startling discoveries are not re-
corded within the next few months,
look for the best results myself In the
lime. There 1 think will be discovered
the rGhest-though probably not the
largest-ore bodies in the great Ely cop
per deposit. MAC.