The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1907-11-30
zEN0LI'S FlATTERING REPORT
Mining Company at Palisade
Will Declare a Dividend Dur
ing the Holidays

The annual meeting Of the stockhold-
ers of the Zsnoli Silver. Copper Mining
Company that is operating mines in the
Stafford mining district near Palisade,
Eureka County, was held in Salt Lake
City November 10.
At this meeting the announcement
was made by Manager w. NJ. Want.
land to the effect hat the company
would distribute a dividend in the shape
Of some Christmas money some time
turing the coming month. This will
come as good and not unexpected news
% the stockholders and friends of til,
company. says the Salt Lake Tribune,
for the Zsnoli has been one of the mines
Salt Lakers have picked up in Nevada
which is a steady and generous Garner
Of profits.
At the meeting held on November 10
the following officers were elected
President, E. o. Howard; vice. presi.
dent, Joseph Lippman; secretary and
treasurer, VIM. NJ. Wantland (also
manager of the company; board of di-
r%ectors. H. ]. Cobb. S. W. Ritter. II. A.
Peterson and John A. Kirby, who is
also consulting engineer for the com
pany.
Manager Mainland gave some very
interesting facts. Among other things
he said
On November 20. 1906, the Zenoli
Silver-C Copper Company was incopor-
ated with a capitalization of 250. 900
shares at the par value of 81 per share.
200. 900 shares have been issued, leaving
and remaining in the treasury 30. 900
shares at this date. The company pur-
chased one claim, i. e., the Zenoli, for a
consideration Of 81 5000. and gathered
together from time to time by purchase
and otherwise "a other surrounding and
adjoining claims, making a group of %
claims and several fractions, covering
all leads and apexes and protecting all
rights to the company. Applications
for patents have been taken out for six
claims, and the balance will be applied
for Immediately. This property was
owned in early days by three Italians,
who worked the property in a very crude
manner. and a great deal of dead and
expensive work had to be done to put
the property in a productive state.
Frank B. Cook. who was employed by
the company to examine the mine and
measure up the reserves in sight at that
time, in his report under date of Janu-
airy 7, 1907, states that of a total of 81
samples taken by him from the mine.
they returned him an average of $500
a ton, and hat the ore in sight wa $50
tons, and after deducting mining, smelt.
ing and railroad charges, sampling and
assaying, would net US $2l, 296.9 80.
We have the mine thoroughly equip.
ped with assay Office and equipment,
blacksmith shop and equipment, store
room, stable, horses and wagons, supply
of rails, cars, powder, caps. timber, etc.,
and all mining implements, and we are
constructing at this time a boarding
house and office for the accommodation
Of our men, which when completed will
give us a thoroughly equipped plant.
With the thoroughly equipped mine
hat we will have, the ore reserves in
sight. the large amount of development
work done. and to be done along certain
lines, with all indebtedness paid, and
the splendid manner in which the mine
has responded far beyond u fondes'
hopes with the reports of our engineers,
the new territory to the north and south
which we are developing, and which
promises large bodies of ore. the stock
holders should soon be rewarded with
a dividend.