The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-06-01
Phoenix Reduction Company
in the Prince Has Splendid
Mining Group.
DEVELOPMENTS ARE A
SURPRISE TO COMPANY
Possibilities of Group AstOnish
Big Owner Upon Making
Recent Visit.

No game is more replete with sur
prises than mining, and when the sur
prises come out on the right side OF
the ledger the game Is one of the most
attractive anywhere found. Some time
ago the investors prominently inter
| ested IN the Ohio Kentucky company
purchased the famous old Prince prop
erty at Phoebe, trusting that the rall-
read eventually would come IN from
| Caliente, affording the required fac'l-
tiles for marketing the ores OF the
group. These ores run extremely high
in iron, and as a consequence afford
the most ideal 1uxing rock that can pc
procured by tho smelters. II was Tor
the purpose Of cornerjng this huX, there,
| fore, that the present owners stepped
in and secured the property.
Among those interested IN tins propo-
sition may be mentioned a, Fl. Godbe
! and r. i. Godbe Of this city. b. Il,
Godbe returned yesterday from n sew
! era weeks visit TO the properties at
Phoebe in which he and his local and
Eastern associates are interested. Many
wears ago Mr.. Godbe went over the old
| Prince ground, and made n mental note
Of It's enormous outcropplngs OF IRON
ore He was also one of those who
were instrumental in acquiring the
same recently. IT. was not until he
made more thorough investigation of
the property and what workings there
are on it during the last visit that he
realized that the Prince was one of the
best and biggest mining propositions
in the district.
The present owner of the property is
known as the Phoenix Reduction com
pany. and considerable work is under
way upon the group. a prospecting
shaft WAS started some time ago upon
the vein, which, upon the surface. is
200 feet in width each inch Of which.
stated Mr.. Godbe yesterday, will pay to
ship upon the arrival of the railroad,
This shaft has reached depth of 100
feet, and each foot of the way down
was a grade Of ore that increased in
feet of crosscutting and fifty or more
feet Of drifting, both proceeded in ship
ping ore. The ore carries, aside from
its high iron values, sufficient silver,
lead and gold to make it one of the
most desirable shipping propositions
Imaginable II can be mined, trans
ported and smelted for not over So
per ton. and its possibilities are prac-
tically unlimited.
Without railroad this property was
practically vslueless. Now that the
branch line is coming in from CalieDte
the company finds vcritabe bonanza
upon its hands, and preparations ara
under way to meet the case. All the
necessary buildings have been erected.
a new and powerful hoisting equipment
has been installed, and a large working
shaft has been started TO go to the
1000 foot level with as little delay as
possible. Mr.. Godbe stated Yesterday
that he never saw a more likely propo-
sition, and he considers the Prince as
safe as money in the bank. He brings
with him many samples of the ore,
both from the surface and from the bot
tom of the prospecting shaft, and near
ly any kind of an assay desired could
be secured from the rock. AS a whole.
however, II is low grade shipping
proposition. with years of dividends
wrapped up within it.
Mr.. Godbe is q member Of the Ohio
Kentucky official family, Of which
company Samuel Newbouse is president.
This company is one of the most inter
esting in Phoebe, and its stock is the
strongest on the local curb. Work is
progressing splendidly upon the Susan
Duster portion of the group. Mr.. Godbe
states that the shaft has reached the
300-foot level, and a drift is making
towards the point Immediately beneath
the widest portion of the ore body
found on the 200foot level. On the
latter level the ore swelled out for a
distance of 100 feet along its strike,
the widest point of the body being
about in the center Of that distance.
There the crosscut demonstrated the
ore 10 be forty feet wide
When the 300-foot level was reached
the management sent a crosscut to the
ore which was tapped 200 feet away
along the strike from the main body
on the upper level, At that point, how
ever. the ore is fifteen feet in width,
and should IT not broaden out as il did
above AT the logical point along its
surface it will be no inconsid erabe
source of revenue to the company The
management expects the ore chute 10
act with depth as II did above The
samples exhibited by Mr.. Godbe of this
ore are very fine. running to silver,
gold, lead, zinc and iron. He is having
a long line Of ASSAYS made al the pres
ent time in this city. The management
is sending the shaft down TO the 800
foot level. the contract for the work
having been let before Mr, Godbe S de-
parture for this city.
In every particular the Ohio. Ken
lucky operations are coming up 10 the |
most sanguinc expectations of the com.
pany. Mr.. Godbe states that fine prog.
ress is being made in the work, and re- |
suits are absolutely 10 the satIsfac.
ton of all concerned. One crying need |
at Phoebe is more miners On all sides |
one hears the crv for more men. and |
there is no reason for anyone TO bo |
idle in that camp.