The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-12-29

Many other mines and prospects are re-
ceiving careful attention:
/, NeVada-Utah Mines and Smelters.
This is the largest company in the
district, having absorbed the properties
of the Phoebe Consolidated company, in
Guiding the famous Raymond and Ely
and the Meadow Valley mines. which
produced $4,000, 600 between 1868 and
1874.
The No. shaft has been entirely re-
timbered to the 1,40O-foot level, for the
sake, of course, of the ore to be found
beyond that depth. The old dumps, of
which there are hundreds of thousands
of tons, and/which are said to contain
40 per cent of the original values, should
yield a fair profit per ton.
They also own the Day mines, at
Jackrabbit, an enormous deposit of
comparatively low grade ore, which Will
yield great profits, now that the rail-
road is at Phoebe. It is stated that there
are 100000 tons in the dump and in
sight. Connecting the Day mine with
Phoebe, q distance of sixteen miles, is
narrow gauge railroad, the property
of the company, which hauls supplies
and ores. II also connects with their
large smelter. not at present in use ex-
StRN % a SAPAt AAphSN-
ohio-Kentucky Mining Co.
This is the group next in importance
to the Nevada Utah. and Immediately
to the south of it. The Susan buster
claim has been developed within the
past twelve months, and has disclosed
an ore body forty feet i'm width of lead
and zinc blende. with streaks and pock-
cts running very rich in silver. from 25O
TO 400 ounces per ton. In addition to
the other properties, the company owns
half interest in several of the Ne
Vada-Utah claims, and a half interest
with them in the water company's prop
critics. which supply the town and the
mines.
Samuel Newhouse is president Of the
company, which speaks we'll for its high
prospective value. The low capitaliza-
ton, 10000 shares, makes il an IN
usually promising venture. It,is i'm the
hands Of experienced, practical mining
men, who give their attention. to the
mines, and not to the share market.
Boston G. Phoebe Mining Co.
Situated east of the Nevada-Utah. in
the same porphyry dyke. A splendid
shaft, equipped with
a forty-horse power gasoline hoist, has
been sunk in virgin ground where fine
bodies of rich ore have been opened up.
The Poormsn Group.
This property is located half a mile
east OF Phoebe. and Immediately adjoin- /
ing the Boston & Phoebe About $780,
BOO has been taken out of this mine. |
which has been worked on lease, in one |
place TO a depth of $50 feet. The veins |
are small, but rich in lead and silver, |
,r,1. E,sar-
and 1S3 dollars per ton, while the waste |
filling the slopes In the mine assayed
nine dollars, and could be concentrated |
70 four times that value, which would |
Yield a large profit. There is still /
much virgin ground, even near the sur
face. and by sinking to 200 feet it isl
probable that large bodies of ore will /
De encountered.
Phoenix Reduction Company.
Three miles south of Phoebe this COM
lany owns the Prince group, in which
IN immense zone of lead-silver ore has
been uncovered TO $50 feet. The main
body, 120 feet wide, is comparatively
ow grade. about $3.50, but as the class
# ore is greatly in demand by the
melters, the charges for treatment will
De merely nominal. Throughout the ore
'ody, rich streaks are encountered, I'D
o two feet in width. assaying many
of ounces of silver to the ton,
BESIDES a good percentage of lead.
Besides the Prince group. this COM
AMY owns the BulIionville tailings, left
many years ago from the treatment of
he Phoebe ores With the present rail-
DAD facilities and modern expert treat
nent, it is confidently predicted, after
areful sampling and estimation, that
hese tailings will pay in profits, sew
raj times over the entire capitalization
T the company. The railroad is now in
peration to BulliOnville.
Ely Valley Mine.
This group of five claims is three
niles west from Phoebe. in the foothills
( the Ely range. First prospected fonl
old and silver, one expert prospector,t
:. p. Gordon, reported a sample assay
ng $4,000 per ton; it has recently been