The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-03-31
UTAH MINING GROUND
ATTRACTS THE EAST
Prominent Investors Have Very
Fine Property in Camp of
Bingham.
WILL ATTEMPT TO
DEVELOP LA SAL
Heavily Mineralized District Is
Little known in Local Min
ing Circles.

An organization Of capital that bids
fair TO WELD an enormous influence In
the mining affairs OF Utah Is the Inter
mountain Mining and Industrial associa-
lion.7 In whose behalf Fred G. Schaffcr is
now in this city. While Utah has not
succeeded IN occupying the entire atten-
tion OF this organization OF Colorado and
Tennessee capitalists, this State has
been deslt with most generously by this
company and Utah properties have re-
efforts put forth within her territory.
Owns Bingham Property.
In the La Sal mining district the In
termountain company is quietly but
surely paving the way for OF the
states future brightest camps. In the
bingham district the organization IL
portion of the State. Mr.. Scharfer re-
lurned Thursday evening from a visit TO
lthe Mystic Shrine property at Bingham
a block OF twcnty-four acres acquired by
him over n year ago for his company
Is Finely Located.
Little is known In Salt Lake regarding
the Mystic Shrine property Very little
has been said about this ground. but n
look at a Bingham map viii disclose the
inct that the Mystic Shrine could not be
surpassed from standpoint OF location.
ii has AS neighbors such propositions as
the. Red Wing, Butler-Lberel, Utah
Consolidated not far away. Mr.. Schaffer
was pleased with the progress made on
his property since he last visited It.
Company May Erect Mill
During the time that the present man
agemcnt has had the control of the
property great amount OF development
work has been done and the develop
mcnt work To date consists OF at least
500 feet In extent during which work
not less than s0p0 tons of milling ore
flN.NHp hoe m cd hn Y
now contemplating building a mill for the
handling OF their product, and that such
viii be done may be one result OF the
visit OF Mr. Schaffer. The company Is
now TO the point where they must solve
the question OF handling their ore.
Likes Camp of Bingham.
Last year. while no attempt was made
10 extract ore. In doing development
work ore to the value of $3.50 was
taken out The company has q number
OF men employed on the tunnel level and
by the time the treatment question Is
solved there Will be sufficient ore In
ooeration. Mr.. schaffer has all the con
fdenee in the camp of Bingham that the
'0ormous resources invariably created In
The estimation OF men well versed In the
science of mining. and that the best
chapter I'm the camps history Ia for the
future TO write he firmly believes
Controls Good Nevada Property.
Mr. Schaffer leaves TODAY for the Ne
vada country. where he has made many
trlps In the interest of the company with
which he Is connected In Goldneld the
company has a lease on tho Sandstorm,
which is now taking out ore In the
TSulfrog district the company owns
group OF claims that lie between the Sho-
shone and the Bonanza Mountain re-
lions and from which. upon the inaugur-
Ntlon Of active development, the company
has every confidence OF extracting the
rsual grade and amount OF ore this rich
district is capable OF producing.