The Garland globe. [volume] (Garland, Utah) 1906-191?, 1908-04-18
MINES AND MINING

miles south of Modena, Utah.
The Utah Consolidated report
shows 1898 per share earned in 1908.
The total surplus was s3,63O,6i1; div
idends, s2,10O,OOO; final surplus. ST.
53O,641.
Word comes from Cherry Creek,
Nevada, that Charles Phalen, a vet
Gran prospector, has made a strike in
c thirty-foot shaft of ore assaying
$500 per ton IN gold The ground is
located just north of town.
II is announced that the new milling
plant at Golconda is working regular
ly and effecting u fine saving on the
ores being treated, though no attempt
Is being made to move the product to
market at the present time.
A prominent mining expert, speak
ing of the Gold Springs district of
Utah says: Taking Gold Springs dis.
trict all in all it is what | deem one
of the greatest gold sections on the
globe, and the mines there will be
producing gold when many of the
greatest gold camps in the world are
forgotten"
The Salt Lake Copper company,
whose mine is at Copper Mountain, in
Box Elder county, is to resume pro.
duction. This is one of the mines
which closed down when the United
States Smelter ceased to receive cop
per ore early in January, since which
time only development work has been
carried on.
The Little Beaver Mining and Re
duction company has secured for the
sum of $4,000 the Marguerite and
other claims in Beaver county from
the Vicksburg Gold and Copper Min
ing company. The company has a
lease on a twenty-hve.ton mill near
by, and it is the intention to begin
milling ores at once.
After the expenditure of much labor
and money, the 140O-foot level of the
ontario at Park City has been freed
from water. For the first time in
three years the management is able
TO enter on this level, and the water
will only have to recede another 100
feet to bring its level down to that of
the Ontario drain tunnel.
On the Coleman property, in Elko
county, Nevada, work has been done
TO the 150-foot level, and from the
bottom of tie shaft $50 feet of drifting
and prosecuting has been done. This
work has disclosed an ore shoot that
ranges from eighteen inches to five
feet in width, the ore carrying from
SIS to SOL per ton in gold
According TO the recent report of
,he Guggenheim Exploration COM
pany. its investment in the Yukon
Gold company was valued at $S,222,-
l06. There are 100000 shares in
the company, and the market valua.
ton is $17,5O0,O00 1t is expected the
company will begin paying dividends
before the end of the year.
Ten Chicago Giant power drills
Nere ordered from the F. g. Rich
mond Machinery company last week
by the Boston Consolidated com pany.
This indicates that the company is
preparing to tear the ground up at a
lively clip pretty soon. Thirty or
forty sets of power drills are already
IN use at the companys mines.
The claim is made that of the min
ing camps in Nevada, Gold Circle is
one that has no professional boom
erS, and which is steadily advancing
solely on its own merits. The miner
allied zone is increasing from day to
day. and is now larger than any other
camp in the state with the possible
exception of the Seven Troughs.
Many business men from Reno have
lately taken advantage of the opor-
tunities offered and are building
stores and business places in Gold
Circle. Lots are now selling from
500 up to AS high as $4,000. A large
part of the townsite has the advan-
tage over other mining camps in the
state by being plated upon patented
ground.
The latest development worl. Der.
formed in the Last Chance mine In
the Dugway Mining district of Too
ele county Utah, is forty-foot shaft.
This now shows face of ore MARY
eight feet wide. Samples taken across
the face show a trace of gold, $50
ounces of silver and from to Is per
.ent lead. Copper is also present in
the ore in small quantity
The superintendent of the Pacific
Gold Mining and Milling company OF
American Fork has been instructed to
commence the blocking out OF the
large bodies of sulphide ore which
they encountered some months ago.
This ore ranges in price from SO to
$50 per ton, and is expected to be the
means of placing the mining company
on a paying basis.
The house committee on mines,
which has been having hearings on
various bills to establish a bureau Of
mines, will make a favorable report
at an early date upon measure com
bining the features of several bills