The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-11-23
FAMOUS CAVE
MINE IS SOLD
Beaver County Property Goes
to Combination of Operators
Under Lease and Bond.

a deal was closed in this city yester-
day which, had il happened a year ago,
would have started all kinds of talk IN
local mining circles. 1t will likely do so
anyhow, if for no other reason than that
everybody viii wonder why, in these PIP
Ing times, anybody could turn the trick
The famous old Cave mine in Beaver
county, owned by the Cave Consolidated
Mines company, and largely controlled by
Benjamin Hampton and Henry W. Law
renee, has been turned over to a Den
Yer and Pittsburg combination under a
long-term lease and bond and new COM
pany is now being organized by these
Interests TO operate the property E Cha
pin Gard and c. E. Lunney of Denver are
the men who have negotiated the deal,
and the latter will leave for the property,
accompanied by Mr.. Hampton, during the
next DAY or Two TO map out The cam
paign and get work started.
We have been after this property for
some time" said Mr. Gard yesterday,
and while it is locally counted as
squeezed lemon. and while Mr. Hampton
frankly admits that ne and his associ-
ates dug out a million or more and
thought they had secured all there was
In the ground worth having, my inVesti-
cations have been such that am moral
ly certain the real mine in the property
has never been touched. At any rate,
without making any pretense of having
worlds of ore in sight and without play
ing any glowing prospectus game, with
the backing we have secured in Pitts
burg. we are going to tear open that
block of ground and either demonstrate
that millions are still buried there or
prove once and for all that such il
rot the case.
1T is a matter of history, of course
that no mining has been done in the Cave
below the oxide zone, from which $780,
600 or more in gold, silver and lead was
taken out gouged out by the old-time
owners. Investigation of the ground has
shown that there are no less than three
great copper lodges cutting through it,
There are also three splendid veins of
SiliciOus pOrphyry and one great ledge of
iron which. al the water level gives no
values in the more precious metals. The
oxide ores were mined down to the zone
in which. for various causes, the waters
had raised and receded, and, in natures
way, leached the values from the ore and
redeposited them below. Our first work
will be TO get down from the present low
est workings in the property and show
that, IN the suphide zone below, the
values still exist That accomplished to
our own satisfaction, a tunnel a mile
long viii be driven to CrOss-cut the var
lous lodges and open the mine at a depth
of 1000 feet or more below upper oxide
and ledChed zones. / have been pretty
much all over the mining regions and |
have never seen anything TO equal the
general naturalization and such ideal
conditions for the making of a great mine
that | have discovered in the Cave prop
erty. II is not for me to criticise the
work that has been done in the mine. but
the way to get the real mine in the prop
erty is just as plain 10 me as though it
was already opened.
we are organizing a s.. OOO. 600 company.
and Mr.. Hampton will be in it and serve
as one of the directors. Good men are
behind the proposition all through, and
we shall go ahead and legitimately prove
mp the value of the mine with as little
delay as possible. / may be able to tell
you more about 1t later on