The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1908-11-29
EAST COLUMBUS
COMPANY FORMED
jacobson Interests Own Former
Silver King and additional
Alta Territory.
OLD PRODUCER Is
NOW IN NEW HANDS
Property Considered Worthy Of
Confidence Reposed by Well
Known Talent.

On Saturday the Jacobson interest,
OF Salt Lake City organized one moro
Columbus company to be added TO thell
| Columbus propositions in the Alta dis
trict of Utah. The new organization i;
named the East Columbus Mining com
! pany, and the property taken over rs
! the old Silver King group, with numer
Gus other claims, in the Little Cotton
wood section, most of which are patent
ed. The East Columbus is capitalized
| for 100000 shares OF stock, par value
| 81 each, 100000 shares of which &c
main in the treasury.
Tony Jacobson, president and gen
eral manager of the Columbus Consoli-
pacity with the East Columbus COM
pany; \. O. Jacobson is vice-president,
Val S. Snow is secretary and treasurer.
The board of directors consists OF these
three named. with the addition of
Charles y. Wa kcr and Hans Funder.
Tony Jacobson stated yesterday that
the East Columbus starts ont in htc
did the Columbus Consolidated, and he
expects to whip this new proposition
into the early producing column.
An expert report of the property re-
Gently made follows;
''The formation of this district is
limestone and quartzite, the formation
running southeast and northwest and
having a dip to the northeast. The
formation is cut by a great many fis
sures at right angles, and at the inter
section of the fissure and contact Is
where large ore bodies are formed. The
East Columbus has these conditions
within its boundary lines, as a large
contact runs lengthwise through the
property and is cut by at least ten ts-
sureS, some of which have been eX-
plored to some extent. and others which
have not been touched as vet.
"'The workings of the East Columbus
consist of four tunnels, drifts, cross
cuts, upraIses and wines, amounting
TO about 1000 feet of openings. In
what is known as the upper tunnel,
which is in the mountain about 200
feet, there has been considerable ore
produced. AT the face of this tunnel
there has been shaft sunk to a depth
of 100 feet, and at the present time
at the bottom of this shaft there is a
body of ore exposed at least ten feet
lead and 90 ounces silver. This ore
could be marketed at a profit were it
not for the fact that IL has to be
dragged off the mountain.
"In the next tunnel, which is about
800 feet lower in elevation, there has
been several hundred feet of work done
and considerable ore has been shipped
from this place by leasers, as the prop
erty has been worked by leasers for the
past ten years, and they have all done
well in this particular tunnel. Number
three tunnel is in about 900 feet. AT
the face of the tunnel the assure was
struck which was encountered In the
first mentioned tunnel, and there eX-
posed a large body of carbonate ore
which has been worked by leasers, and
is still being so worked, AS the ore
body is badly leached it would hardly
pay for company to work it on a
let TO leasers, who are making good
money for themselves as well as pay"
ing the company royalty of 30 per
cent. The large contact mentioned
above crosses the mouth of this tunnel
and is from ten TO thirty feet in width,
and from shaft sunk on this contact
from the surface, which is down fifty
feet, the average value of the ore so
far exposed is 2 per cent copper and
from So to So in gold and silver. 4
little farther up on this contact is a
big blowout of oxidized material, and
the company 10 now running drift TO
catch this contact at depth, and also
TO catch the intersection of hssure with
the contact, where there should be an
immense ore body, as indicated by the
surface showings. There is not a place
on this contact within n distance of
mile through the country that will not
assay where it is exposed and in place
"The lower tunnel, which will be
called No. 4, will tap the present work
lngs about 500 feet moro vertical depth,
but 1T will have 10 be continued into
the mountain at least 1900 feet. This
will give vertical depth
from the apex Of the mountain Of at !
least 1000 feet, and at this level every
hing should be complete sulphide.
and Judging from surface indications |
should be something big.
"Tbo East Columbus property is |
mostly all patented. tt has been
worked for great many wears and has |
been productive of hundreds of thou.
sands of dollars, but mostly from sur
face workings. BY systematic devel~
opment there should be great results !
derived, especially where the ore could |
DC gotten out at water level or in a |
,ulphide zone, as has been proven by |
he Columbus Consolidated Mining |
which lies about one~half mile |
% the west, and tho South Columbus |
Mining company, which |
les little to the southwest