The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-07-27

Nevada; Donald b. Gillies. TOnopah;
John S. Weller, Pittsburg, and ]. G.
Butler Of Youngstown, o. Mr.. Macdon-
aid, Mr.. Fridenberg and Donald B. Gill
lies constitute the executive committee.
Company Has Broad Powers.
Mr.. Macdonald explained the purposes
of the company briefly while seated in
the Knutsford lobby yesterday after
noon.
Its charter is very broad" he began.
1T empowers the company to acquire,
dispose of, mortgage, prospect, develop,
manage and control quartz and placer
mining properties, claims, lodeS veins
and deposits. The company can also
acquire lands and colonize them, to deal
in all kinds of plants and material nee
essary to mining operations, to acquire
and operate electric power plants, be-
sides all kinds of industrial plants,
quarries, telephone and telegraph lines.
Among the mining properties which
are now under the control of our COM
pany several are entitled to particular
mention. These are located in Nevada.
They are the Goldreed mines at Ka-
wich, the Southwestern mines at Rev
ellie and the Adams group at Eden.
The GOldreed property consists of
group of thirteen claims amounting IN
of the most promising in Nevada, the
surface shOwings being well defined and
of tremendous size and bold outcrop-
There are at least five well defined
lodges with this outcrop crossing this
property. LsesSeeS have partially de-
veloped these. The formation in which
these Lodges occur is an andesite, lden-
teal with that of TonoIah commonly
known as lode pOrphyTy. The ore
bodies are found in this formation. A
silicious quartz carries high free gold
values, going. in the neighborhood of
1884 per ton.
"The property is being developed to
the 200-foOt level by vertical working
shaft, where prosecuting is now being
done to cut the vein. The vein has
been cut on the fifty 100 and 15O-foot
levels from this shaft. Ore is being ex-
tracted i'm several places. The corpora
ton will equip this property with mod
ern machinery to expedite the work
now on.
Property at ReveilIe.
1.-The ReveilIe property, comprising
over two dozen claims, covers about
10 acres. The original holdings con-
sisted of six claims, but twenty-one
claims in the White Cat group have
been added. The property has been un-
der development for some time and
heavy shipping kept up. The ores from
this group go about fifty-SeVen ounces
in silver and 6S per cent in lead. The
camp is we'll equipped with boarding
houses bunk houses and other build
ings The corporation is now cOmplet-
ing preliminary arrangements to erect
smelter at Reveille to handle the out
put of the mines. This smelter will be
n
will be sufficiently large TO handle the
immense ore bodies now blocked out.
Wood and water abound in the Reveille
vicinity.
1.-THE third producer now under the
corporations management is the Eden
group, or groups, for there are two dis
tinct set of claims. One of these is the
Adams group of thirty claims of more
than 500 acres, and the Eden group No.
2 of fifteen claims, comprising about
295 acres. Eden is still a new district,
in the heart of the KaWich range, and
about twelve miles west of ReVellle.
The veins on this property have bold
Outcrop which can be traced for thou
sands of feet on the surface. The COM
pany will drive a working tunnel into
the mountain. The ore bodies already
discovered can be thus worked for a
depth of 800 feet In the meantime ore
will be extracted through the shafts
sunk by lesSeeS of the various claims.
When a tunnel is driven compressors
and other modern machinery will be
installed to make the work as rapid
and thorough as possible.
Money Now on Hand.
1.-The company has 100000 on hand
ready to commence Improvements on
| ic W
needed. Besides the three producers
described, the company owns los claims.
These include the Belle Helen group,
| the Clifford group and the Golden Ar
row property These are in the Kawich
district, and with the little work done
on them promise to repeat the perform
ances of their neighbors.
Nevada is going to be the greatest
mineral state in the Union. While in
the east l fond no little interest being
! taken in the Sagebrush state by cap
| italists. Utah is also well thought OF,
| but Utah is an older state and its mines
are paying dividends so the interest be-
| ing shown in Nevada is of different
| character.
II am going to Nevada, where I will
have headquarters in TOnopah Mr.. Gil
| lis will also have. headquarters there. He
will look after Schwab interests in that
/
Senator w. A. Clark and found him
| greatly interested in Nevada. He assured
us that each and every district developed
will have railroad facilities when the ton
/ mage warrants. To Senator Clark Nevada
| owes a great deal of gratitude. The state
was dormant for years because of lack
of transportation facilities. No matter
| how great or rich a mine was the cost OF
bringing supplies into the district and ta7
| king the ores out, was so great that de-
velopment could not be carried on at a
! profit / remember when lumber cost III
/ the thousands per thousand feet. Hay
| cost Sis ton and more. Ore could not
! be hauled for less than 800 a ton. La
borers would not remain in a camp TWEEN
ty miles from nowhere and all these COM
bined made the state a dead one. Now
with railroads stretching in every direc-
ton the state is waking up in grand shape
and will continue to offer surprises more
than startling.
Senator Clark has promised to buil6
| spurs and branches into the various
| camps and this has filled the promoters
and owners with a determination to &C
right ahead and invest all the money
needed to open their properties. Salt Lake
| will get large share of the business
from the state and as the districts null
tiply this business will be something i'm
portant.
Mr.. Gillies represents the Schwab inter.
ests in Nevada.
Especial attention will be paid to mill
ing in the new state" said Mr.. Giliies
| '"The BullfrOg district will be the center
of this activity and the steadily growing
output of the BullfrOg properties mean:
1 more than an ordinary OUTLAY