The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-05-30
Property That Attracted Lon
don and Boston People Had
Interesting Growth.
IS NOW PREPARED
FOR BIG PRODUCTION
Mine Has Fulfilled Early Hopes
of Those Who Knew
the Ground.

| -
rate of earnings due to the liberal ship
ments of crude ores to the local smell.
ters. and the starting of activity in the
company's new concentration plant up
the Canyon, all have surrounded the
Utah Apex company and its activities
with a great amount OF interest, both
at home and abroad The company is
owned largely by London investors,
while Boston is prominently represent
ed upon the stock books. So surely has
this organization brought its merits to
appreciation, and so certainly will IT
succeed in making history for the Bng
ham camp, a bit of history connected
with the company and the various
phases Of It's affairs through the past
few years will prove OF interest in
more than one locality where lnves-
tors reside.
Some eight years ago the mining and
Investment firm Of a. J. Orem & Co
bought from James Chipman and as
known as the York Group of claims.
consisting Of the York, Nellie Bly, and
Climax claims After working this
property in 3 limited way for two or
three years, it seemed that some of the
best mlneralized ground in the group
lay in the westerly portion in the vicin-
ity of what is known as the Dana fis-
sure, on the Charles A. Dana claim. at
that time owned by the Copperfeld
Mining company. The vein of the
York Mining company having been pro-
ductive of considerable amount Of
lead, and the company developments
indicating that considerable ore would
DC found on the York bedded vein ad.
iacent TO the Dana fssure, a question
OF possible conflicting rights in the
premises arose. About this time one Of
the owners Of the Copperfeld group Wis
tied their property and came to the
conclusion that they would be better
situated if a consolidation could be ar
ranged with the York company. Start
ing with this as a basis, Mr.. A., J.
Orem took up the matter of consoli-
dating the York and Copperfeld groups
with the owners of the latter in Bos.
ton, resulting in the formation Of what
is now we'll known as the Utah-Apex
Mining company. this company absorb
ing both properties.
Shortly after this time, Boston, New
York and London bankers, who were
largely interested in the Utah Consol-
dated near by. bought large interests
in the Utah-Apex The Utah Consoli-
dated at this time was making quite a
phenomenal record as a copper produc-
eT. and similar results We're expected
from the UtahApeX. From the pur-
chase of the York group by the Orem
company until its absorption by the
Utah Apex company, IT was under the
superintendence of Walter C. Orem,
Junior member of the firm, who be
c;'me Manager of the Utah-Apex COM
psny at The time of its organization,
and who still fills that position. Before
very many months the manager real
lied that while the Utah-Apex company
had a good prospect for a good little
mine. producing lead of very good
grade, the fact being that a considera-
BILE quantity of this class had been de-
veloped, the Boston people who had be-
come interested expected the property
TO develop into big copper producer.
With this thought in mind, the man
ager suggested TO the Boston associates
that II large copper producing prop
erty was TO be made of the Utab-A pex,
IT would be necessary for the company
to acquire much larger acreage in ad.
joining properties, some of which were
distinctly In the great copper belt of
Bingham. Acting on this idea, the
company absorbed the Eda. Diamond
Extension, Minnie, Petro and Highland
Boy Consolidated properties, consecu-
tivety. until 1t had an area of two hun
dred acres, comprising one Of the very
best located groups in the camp of
Bingham.
In the meantime a considerable
amount Of development work was kept
up with very encouraging results. and
now, after period Of five wears, tho
| tah Apex Mining company is mining
one hundred tons of first class ore
daily. and about two hundred tons Of
a splendid second class. The average
value of frst-class orc produced has
been around Sl5 per ton, resulting in
present earnings TO the company of
from one 10 two thousand dollars per
day vigorous development work is
oelng Kept up. and is constantly block |
ing out considerably greater TONNAGE
than is being extracted The mine is
we'll equipped with a compressor plant,
aerial tramway. and milling facilities
TO handle its entire output, which
should be gradually increased to a
much greater amount from now on
deep tunnel started two wears ago.
known as the Parvepu Tunnel, on the |
'arvenu clam, purchased for that pur-
posc, Will open up the Utah Apex orc
bodies from twelve to fifteen hundred |
|eet on the dip of the Vein below the
present working levels. The mine has |
tunnels, all of which arc connccted |
With an incline which from the surface
iown is twelve hundred feet. giving
.e[y large reserve of orc already in
light. The average thickness OF this
IRE Is around eight feet, principally an
ron-copper sulphidc, carrying good
'aues in gold and silver. The incline
s 10 be continued on the dip Of the
ein down TO the level Of the Parvenu
tunnel. and series of drift. tunnels
un on the ore, which should block out
: reserve tonnage that should keep up
he present output. if not a much
greater ono, Tor long time to come.
Tine growth Of a. j. Orcm & Co. of
Soston. under the management OF The
enlor member Of the firm. has in tbe
meantime kept pace with the financial
,rowth Of the companys interests in
ran something over year ago the
rm and their associates. comprising
orge financial interests OF Boston. New
.ork, London and Salt Lake CITY, pnr
hascd what is now known as tho Na-