Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-12-13
UTAH OPERATORS
BUSY IN NEVADA
Knight and HoIbrook Buy Hall In
terest in Fairview
Mine.
HUMBOLDT co. FILLING UP.
Extensive Campaign OF Development
To be OBSERVATION-DISCLOSURES
Rich Strikes Made.


Vernon. New, Dev, i2.--Jesse Knight
and l.. l.. Holbrook, famous in Utah's
Tintic, have forced an entrance into
the Seven Troughs mining district OF
Humboldt county, Nevada, by an out
right purchase of a half interest in the
Fairview. the fayorite OF Nevada's new
est and most promising camp. The
price agreed upon was $4,000 the last
$4,000 Of which was paid a few days
ago.
The deal was the result of visit OF
the sons OF the Utah mining magnates
to the Seven Troughs districts from
which they returned several days ago
to Salt Lake for the purpose Of incor-
poratng the property preliminary to
the inauguration Of an extensive CAM
paign of development on its gold bear
ing leads which have already been ex-
posed in series of strikes that have
startled and excited the whole con-
tiguous mining region.
SHARES SOLD.
Upon the return of Messrs. Knight
and Holbrook to Utah they organized
the Fairvicw Mining company on ba-
sis of 100000 shares Of capital stock
and reimbursed themselves Immediate
ly by the private sale at 81 per share OF
20 900 shares, II Is understood that large
blocks OF stock were eagerly sought by
buyers who were ready to pay the price
stated and that hundred thousand
shares could have easily been disposed
of, but that II Is the intention OF the
company to retain intact all the present
holdings as II Is believed that with
the Fairviews promise of large guam
titles of fabulously high grade ore and
the present capital on hand the plac-
ing Of the property on profitable basis
Is insured.
The Provo capitalists reached the
Seven Troughs district In time to view
the marvelously rich body of ore just
opened up In the Fairview shaft az a
depth of so feet and to examine the
hundred tons OF ore now sacked and
ready for shipment on the Fairview
dump. The unusual showing proved
too tempting for the young men.
RECENT DEVELOPMENT.
While the Fairview has been a Won
der ever since developments began on
1t a month or two ago, showing values
running as high as $4,000 per ton
right from the surface, the real nature
of the property was not suspected UNI
III three and one half foot body OF
ore was recently exposed Ia the shaft.
Since this discovery practically all the
miners and prospectors in the adjacent
country have visited the scene OF the
strike and viewed the marvellous show
ing OF gold bearing quartz.
In the bottom of the shaft a mas
slve body Of ore containing a sensation.
ally rich eighSinch streak lies ex-
posed. Outside the eight-inch streak is
three-foot ore body showing values
never under $50 per ton and ranging as
high as $4,000 per ton. The eight-lnch
streak is n rare example OF concentrat-
ed values In gold. The assays range
between $1,000 and $4,000 per ton. The
entire vein at this point will average
well no into the thousands.
The advent of Knight and Holbrook
into the Seven Troughs district is a
much welcomed event here. Ii Is taken
10 signify that the infant district has at
last begun to win the recognition OF
foPilttiSio III Nh' llliHiiiS NtulflS VI
Utah and that an era OF unexampled
development Is about to begin in the
district. Recognition has already come
from Tonopah and Goldiield I'm the
shape Of two companies that have en-
tered the field prepared to take the
cream of the properties providing salts
factory deals can be made.
FUTURE PLANS.
1t Is understood that the men from
Provo will take charge of q develop
ment scheme at the FaIrview calculated
To place the property on a highly pro-
ductive basis. The immediate work all
ready begun Is the establishment al
Vernon Of ample accommodations for a
large mining force. In short time a
shaft house will be started The COM
pany viii then be ready to start its ex-
tenslve underground explorations that
include the blocking out OF sufficient
stopping territory 10 insure regular ship
| ments.