The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-03-28
BINGHAM DEAL
IS EXPLAINED
Combine of Standard and Gen.
trail Companies Subject of
Letters to Shareholders.
EXTENT C0ALATEO HOLDING
GLIMPSE AT DEVELOPMENT AND
EQUIPMENT.
EXTENT COALATEO HOLDING


IN the Bingham Standard Copper company
went into the mails last night One is a
Iul and complete statement of the agree
ment entered into with the Bingham Cen
tral company for a consolidation OF. coaIi-
ton Of the two companies. particulars of
which were given in this department sew
erai days ago.
The secolJ enclosure goes into detail
concerning the reasons why the deal was
made and is intended to point out the sd-
VantaSes that such consolidation or coaIi-
uon VIII give TO the shareholders of the
bingham Standard Copper company. The
statement mentioned covers three closely
printed letter pages. and taken in its on
urety, makes it plain that the combined
mines must soon occupy a prominent
place in the ranks of the big producers OF
Bingham In order that the general read
er may get an understanding of what
these properties are and what they are
going To amount to, the following para
graphs are taken from the statement.
Properties and Equipment.
THE Bingham Central Mining companv
owns about 100 acres of very desirable
patented ground, mas substantial equip
ment Of buildings and machinery; approx
lmately 1900 feet of development work by
winch ITS properties are being opened up
at depth 10 develop the ore bodies from
which considerable quantities of ore were
extracted at Shallower depths number
of years ago. Some of these ore bodies
have been penetrated and considerable
quantities of ore developed, which will be
available for profitable extra ction when
more favorable transportation facilities
are at hand.
THE Bingham Standard Copper COM
pany owns about 10 acres of ground ad-
joining the Bingham Central properties on
three sides. The patented ground belong
ing TO the Standard company is about
a. h4f If he ont raj nm
pany. The Standard company has work
lngS ON its various claims TO the aggTe-
gate extent of several thousand feet. Most
of these workings consist of shallow tun-
nels driven several years ago. from which
combined production of over SSt1, zoe is
estimated to have been realized.
The properties of these two companies
when combined. il is believed. will make
one of the greatest producing mines IN
Bingham camp. The mining property thus
held will consist Of one single group of
approximately SO acres. bounded on the
west by the properties OF the Bingham
and New Haven Copper and Gold Mining
company, and the the Utah Consolidated
Mining company; on the north by the
Boston Consolidated Mining company, and
on the east by the United States Mining
company and Last Chance group, thus
leaving only the sOutherly end which is
not directly in contact with developed and
producing mines. The location of this
territory with respect 10 these surround
ing mines, the record of production from
earlier workings in both the Central and
Standard properties, and the Developments
recently made, justify the belief amount
ing practically to an assurance that ore
bodies will be developed within this terri
tory equal to those in the adjoining and
more thoroughly developed ground OF its
prominent neighbors.
':The Central company owns an electric
ally operated air compressor of a capacity
sufficient for five TO seven machine drills;
substantial buildings, office and superin-
qar1~fe all nd
workings are piped for air in a substantial
way with pipe of ample size: its tunnels
are laid with heavy rail; IL has complete
equipment of air receivers. machine drills,
ore cars and all the usual necessary appli-
snces for proper mining, including two
blacksmith shops with full equipment.
Development of Mines.
The Mountain Mayd tunnel, belonging
to the Central company, is located about
800 feet south from the Jeff Davis tunnel
Ii has a length Of about 200 feet in a
westerly direction toward the Julia s.
pany. Good values in both lead and cop
per ores have been found in these work
ings. though no considerable bodies have
yet been developed
tunnel of the Central company. 1t starts
on the Wide West No. claim, and runs
in a southerly direction 1000 feet This
tunnel is primarily TO develop at depth the
BILE size in the lime of the old work.
ings Of the Elephant and Apex claims.
These assures have been cut and con-
siderable bodies of silVer-lead ere, hav-
ing a value of $40 TO $50 ton have been
encountered. The face of Ine Whitley
las a vertical depth below the old work
ings on the Elephant claim of 513 feet.
These old workings vertically above the
face of the new tunnel. are at least 100
feet below the surface, so that 1t may be
said that the face of the Whitley Is over
GO feet below the surface at the present
time.
THE Jeff Davis tunnel. belonging to the
Central company. develops the Bonham
claim of that company The length of the
tunnel proper is ], 900 feet, with cross-euts,
drifts and raises from the tunnel amount
ing TO about 800 feet. This tunnel and its
adjacent workings have developed cOnsid-
cradle bodies of low-grade sulphide, cop
per ores, similar to those characteristic of
the Bingham district, containing ASSAY
values as nigh as per cent copper and
& 80 to 81 in gold and silver. and 40 per
cent excess of iron. The old Bonham
workings. 115 feet above the Jeff Davis
tunnel level, and which have been con-
nected with il by a raise. show large bod
les of ore like in character to those cut
on the tunnel level. The old BOnha n
workings are 100 feet OF more under the
surface so that at this point, we have a
depth Of nearly 800 feet on these large
bodies of suiphide.'