The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-09-02
NEW COMPANY
WILL CUT LOOSE
Extensive Holdings of 0rizaba
Corporation to Be Exten-
SiveIy Developed.

With the Incorporation of the Orizaba
Consolidated Mining & Smelling company,
articles of which were filed Friday last,
what is said to be one of the coming
great mining properties of Utah is
brought before the public. The company's
holdings include sixty-f0ur claims, every
one OF which is mineralized. The prop
erty is located in Beaver county about
three miles northwest of Indian peak IN
the Needle range, Washington mining dis
trict
Considerable primary development work
had already been done by the owners of
the property before incorporation. j. p
Olympus of this city, whose operations in
the Bingham district for the past several
years have reflected credit upon him. is
at the head of the new company. With
MIN are associated several men of large
financial resources, who have placed the
entire management in his hands. That
the development of the property will be
pushed with great expedition is vouched
for by thoses behind the company.
Compressor Going In
Arrangements are now being made to
place six-drill compressor and other
mechanical equipment on the DronertV
1t is planned to enlarge one of the main
development shafts to sufficient size
and, make it the main working shaft Of
the western end of the property. At the
eastern end it is planned to run a tunnel
Geoiogically the property is said by en-
glneerS TO be all that can be desired. The
main vein shows on the surface TO be an
average of SeVenty-fiVe feet wide and is
a contact between diorite and lime The
vein runs without a break for 1900 feet
almost due east and west The dip is to
the south. A heavy iron gossan or cap
ping is defined in marked manner At
regular Intervals of about 800 feet the
contact is cut by cross assures in the
lime.
For the past eighteen months Mr..
olympus and his associates have been
quietly gathering in the present holdings
of the company, which in all consist of
about ,250 acres. Included in the prop
erty are three springs which will easily
give water enough to operate 5.O00-ton
mill.
Fuel in abundance is to be found on the
property. Recently a timber estimator
made the statement that there is enough
timber standing on the holdings of the
company to furnish fuel and mine timbers
for at least twenty-five years. This esti-
mate included fuel for smelter purposes
also.
Results of Development.
The work already done has shown most
gratifying results. On the western end
of the property at 200 feet a chute of ore
some twenty-five feet wide hiss been un-
covered. This ore AVERAGES per cent
copper and carries well in lead. In the
same workings a vein fifty-six feet wide
- SAiuNH+ i ne average o. In1S VEN IS
about per cent copper with some lead.
w hile the ore runs well, ii is still in an
oxldized state. At no great depth it is
believed certain that the sulphides will be
encountered in huge quantities.
Within 500 feet of the most westerly
shaft shoot OF high grade siiver-lead
ore has been opened up. This ore runs
from leo to 800 ounces in silver and from
10 to 60 per cent lead. with fair copper
values: Some hand samples have given
much higher results. On the eastern end
OF the property at fifty feet sulphides
show. An average hand sample gave an
assay of 1919 copper and Sc in gold.