The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-01-22

phone, express, postal and printing
press facilities the camp win retain
it's prestige as the commercial center
OF the great southern Nevada district
and tie more camps discovered in this
part Of the state. the better for Gold
field.
Sandstone Mine.
Among the mines the most recent de-
veIopment of Importance has taken
place on the Sandstone. This property
is fully four miles from the Jumbo.
which is usually mentioned as the cen
ter of the original rich ore zone. For
a year high grade rock has been eX-
tFacted from the Sandstone and while
every pound of the ore was valuable,
a great deal of it running several thou
sands of dollars per ton, it was for a
long time realized in camp that all the
values came from within fifty feet OF
the surface and many believed that no
permanent body of ore would be UNI
covered in the depths. The stock held
at about 60 cents for a long time last
summer but finally slumped to As along
in November. Since then it has grad
ually risen and reached par two weeks
ago. Last week it jumped to $1,T5 and
now local enthusiasts are discussing
the relative merits of Sandstone, Red
Top and Jumbo, many holding that the
Sandstone viii make the greatest gold
mine in southern Nevada.
Marvellous Strike.
The publication of the astounding re-
turns of the LOftus-Davis lease on the
Sandstone for December, showing
production Of s54, 900 at a cost of $1,000,
was followed by a marvellous strike be-
low the 100-foot level in the company's
own shaft and this in turn was fol-
lowed close upon the heels by still an
other strike upon block No. T. The
most important feature is the strike on
the eompany's own workings below the
10e-foot level. Here a vein three feet
wide carrying the wonderful values of
$4,000 all through was opened up, and
the indications are that the find viii
prove more permanent than all the
pockets and stringers found nearer the
surface.
The development in the Sandstone
in that vicinity, and the active demand
for that stock affected many other
stocks. If the Sandstone has a large
permanent body of ore in the depths
there is just as much reason to expect
such discoveries on the Kendall, the
Wedge and Columbia Mountain, for
they are all on the same formation. The
Ac1Ct eAASO tCtidS SIGStt tl1COAIdS "
the Black Rock, COnqueror, Adams and
other properties near by, which have
already uncovered some values.
General Activity.
The success of the big companies has
had the effect Of increasing the activi-
ties of favoTably situated prospects. All
the companies near the Red Top and
Sandstone are particularly active. The
Red Top Extension was listed on the
local exchange this week and sold at II
cents. The company owns fractional
claim north of the Red Top. Booth
and Laguna stocks We're up on the
strength Of the possibility of their get
ting some of the Red Top ledge on their
ground. The Booth people have put
large force of men at work and are
equipping the property with electric
hoists. The development there is being
watched closely Mohawk has been
strong, and Silver Pick has trailed
close in the rear. Both these companies
are putting forth every effort to enter
the shipping class.
Out at Diamond6eld the DiamondfieId
Consolidated is the favorite, and ship