The Coalville times. [volume] (Coalville, Utah) 1894-1923, 1907-11-29
MINES AND MINING

of iocsbuIE Idaho the Cold Ridge
mine hos developed an enormous de-
puslt OF gold bearing quartz
The production OF gold and silver In
the United states from domestic ores
In 1906. according to the latest ng.
uros. was Gold Sai,373.Soo, silver.
tss25GIoO.
The VirrIu River on company IS
now selling OH from its well I'm south.
crn Utah. Between October % and No.
yembcr ~ last this company sold a
total of 27g barrels of oil for {GG3
The most important factor that has
caused depression Ga the silver mar.
kct Is the heavy falling on IN the de-
maud from India. country which
ordinarily buys the lager part OF tho
worlds supply
The Crocsus mine and mill at HALEY
has closed down ON account OF not
being able to secure sufficient coal.
The closing 81 To- be- only temporary,
and they expect to Doc running again
Ia about a month.
one Of tho greatest Of the undcyel-
'pcd resources Boo the Salubria valley
ln Idaho rs mountains Of highgrade
iron ore. An that Ga needed Is capital
aud the rightly directed efforts of me1
tmailIar with this class Of ore.
Tho Rabbits Foot mine. IN tho
, Gravel Range district ON silver creek.
ATTY miles southwest ~ Salmon city.
| 10 equipped with a nrstclass tonBtamp
mil. run by steam power. which IS
now practically being used to sample
The deposits with
! Assuming that the demand for iron
ore during the present century may
range from 6O.OOO.OOO 10 iOO,0OO,0O0
tons per year. the Lake Superior dis.
trlct would last for from twenty-five
TO nifty years more, n u supplied tho
entire United states.
The yellow Jacket district Of Idaho
IL quiet. and there are hardly any min
ing operations In progress there worth
mentioning at this time. although tho
district contains some very nno pros
poets that warrant further develop.
mcnt and operation
The Tlnuc Mine Operators asaooia.
uon, which was formed about a year
ago for the purpose OF taking care OF
the producers side Of questions aa far
az the district OF Tlntlo was con.
cernod. bids fair to grow and expand
into n national anair
The National Bank mine at Bullfrog,
Nevada. ia taking out ore which will
average better than 500 to tho ton
practically at the grass roots. This
material ia being uncovered 225 feet
north OF tho shaft on a vein which
dips about 20 degrees south and Yves,
and out OF the main working Of the
property.
In the old Loosburg basin placer dis
trict. fifteen miles west OF Salmon
City. some promising gold ore deyel
opments have been made In the past
year. AZ the old Oarrotson mine, tes
mill runs recently made ON a zone o.
minerallzed granite that Is sixty fee
wide shows average values OF 81 TO u
per ton, and Is said 70 yield 81 per tor
IN free gold.
2 An eminent Swedish geologist ha
prepared a report ON the iron r,
serves OF the world, In which he Dc
clarcs that IT win surprise n grea
. many TO learn that we are likely 4
run short OF iron inside OF singl
, century II we keep up the present rat
OF consumption. AZ matter OF fact
we are more likely TO Increase tn
consumption than we are TO roduc
IT,"
In order 10 constitute a mining par
ncrship under the provisions OF Sc,
lions $500 TO 5000, inclusive. OF IN
revised statutes. Il IL essential tina
tho coowners actually engaged q
working the mine or In the bushes
NJ operating the mine Tho Gotten
ancy OF two or more persons In a min
Ing claim Ia not Of itself sufficient 4
constitute such tenants mining part
nora.
II is over two years since the prlc
Of silver was as low as Il ia at pref
emit A more remarkable fact Is tina
during the past eleven months IN
price has been cut nearly ~ cents. o
from 20 cents per fine ounce on jar
uary Z, to 5S rs cents on Noyembe
o. The probability Is that for the r,
mainder Of the year quotations vii
continue around 60 cents, for yariou
reasons.
In a speech before the Tenth Nil
ing congress, held at Joplin, Mo. M
vombor II 10 49, the director OF IN
United States geological survey r.
foTed 10 the enormous growth OF IN
o mining industry Ia the United State
. within the last tweny-eight year
a which covers the life Of the bureal
o when the survey was organized III
d value OF tho mineral output Of IN
ID country amounted 10 about 100000
d 600; In 1907 II promises TO exceed 81
4 OOO,0OO0OO.
Il Two Of the largest reduction plant
II IN southern Idaho will be fully II
"a stalled at Atlanta ready for buslnoi
% by the FIRST Of the year The crushel
10 and rolls M the Monarch will have
b. capacity OF 500 tons a day, and N
BagdadChase rs installing a iOOto
mill.
Work has been suspended on the Il
dependence mines, near Ketchum IN
management In Chicago concluded
n was better 20 suspend operations III
IT, IN their drafts are again paid IN en-
II Faugv bv tho Inpu1 lnUF ma fhay wal