The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-04-21
new CROWD FOR
BINGHAM CAMP.
Eastern and Northern Opera
tors Join w. F. Snyder in Ac-
quirement of Bingham Mines.
DEAL CLOSED YESTERDAY
PROMINENT PROPERTIES TO BE
VIGOROUSLY HANDLED.
DEAL CLOSED YESTERDAY

Through a deal that was formerly con-
summated in this city yesterday another
powerful combination of money and eX-
pert mining talent has landed block of
most valuable mineral-bearing territory in
Bingham and its systematic and energetic
development will be undertaken without
a minutes unnecessary delay The prop
critics acquired are the Giant Chief, Quak-
ing Asp, Lowe Fraction, Opal, Nye and
Badger patented lode claims of the Giant
Chief Mining company and the adjoining
properties OF the lion Mining company
Rough and Ready and Grand Cross nat
ented lode claims. OF the group the Giant
chief, Quaking Asp, Rough and Ready
as producers and the rest of the ground
is considered just as valuable.
Big Men in the Play.
The purchasing syndicate is one that
was rounded out during the winter
York by p J. DOnohUe. the mining engi-
neer of this city. For the past six weeks
city to clinch the deal and its delivery
was awaiting only the clearing up of IT,
ties and other details. Mr.. Snyder's asso-
GATES IN the transaction are II. l. Will
son, the Seattle and Butte hotel man and
mining operator, who came down with
the Heinze party from the north vester-
Gay morning; A d. Thompson. a wealthy
operator of Duluth, Mimi. and a number
of bankers of Baltimore and PHILADELPHIA
the afternoon.
The price paid for the properties has
not been divulged. but the fact that the
property is thanked on the north and west
by productive portions of the United
States company's big domain and that the
major portion Of the territory has been
in the list Of the camps best producing
mines in the past. makes il certain that
the figure was a large one. The control
of the whole proposition now rests in the
Giant Chief Mining company and the new
combination was given representation on
the board yesterday by the resignation of
Two of the Old directors and the election
changes will be made in the near future
when all of the formalities of the trans
action have been complied with.
Heinze's Engineer in Evidence.
Today Alfred Frank, chief engineer on
the Heinze staff; j. A. Czizek, p. J. Don
inspection of the properties involved in
the deal and later the plan of campaign
to be followed will be mapped out It is
understood that new equipment will be
provided at once and either a new shaft
Will b. sunk the one on the Rough and
Ready property. which is already down
go feet, Will be used to further develop
the mines. Fine ore is said to be ex-
IOSed in the Rough and Ready workings
now. and while the mines were looked
upon as lead-SilVer propositions in the
early days. it is said some Of the ore
shoots which crop to the surface carry
copper all the way.
In introducing this new combination to
the mining camps of Utah Mr. Snyder
feels that he has secured most worthy
successors to the Kimberley-BUhl COM
binatiOn and he promises that there will
be something doing right from the turn
loose. OF the value of the property Sc
cured he is certain and. with associates
ia king. he promises results of a SubStan-
tial nature in the near future. Bingham.
he says will know that there is another
company in the camp before the present
year is over. G.