Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-09-01
BEAVER PROPERTIES.
ARE CONSOLIDATED.
Skylark and Wasatch Groups
Taken Over by Utah-United
Copper Company.
ARTICLES TO BE FILED TODAY
Deal Had Been Pending FOR Some
acknowledgement Campaign
Already Under Way.

A consolidation Of the properties Of
the Skylark Copper Mining g. Milling
and the Wasatch Mining & Milling
companies. all situated in the Beaver
Lake mining district of Beaver county.
has been effected. The last act in con-
nection with this deal. which has been
pending for some time. was performed
today when a new corporation, the
Utah -Cintah Copper company, was
all the holdings 4of the Skylark and
Wasatch corporations. consisting of I"
lode mining claims. together With all
surface improvements, the Skylark
turning in ten Of the number; two of
which are patented.
The capital stock of the new corpo-
ration is 100000 shares Of the p:.r value
OF 81 each, and in the exchange to be
made. shareholders OF the SiSylark will
receive share for share: while those
holding stock in the Wasatch company
will receive one share in the new corpo-
ration for three In the old. James T..
Treasure Is president of the Utah
United company: A. J. McMullen, first
vice president; j. +, Edmunds, second
vice president; Charles a. Weaver, sec
sretary: a. ID. McMullen, treasurer; who,
with Arthur 3. Gatrell and t. NJ. Far
rell constitute the board of directors.
No mining properties in the Beaver
Lake district yet in the prospective
stages of development offer more en-
couragement than the Skylark and Wa
satch groups, and mining men thor
oughIy familiar with conditions in that
region have frequently expressed the
opinion that all that is necessary to
make larg producing mines out of them.
Is a campaign of systematic Develop
ment work The surface shoWings are
exceptionally good and wherever any
thing OF an exploratory character has
been done, results were highly graft
flying. The Skyark has been developed
to depth of 300 feet. On the l00-foot
level, a cross cut exposed a vein q feet
between walls upon which a drift was
run for 81 feet On the 200. the vein
widcncd out to 30 feet and was drifted
on for so feet. On the 300, a cross-cut
has been run for % feet without disclose
ing both walls; but on this level no
drifting has been done. The ore so far
Is low grade. but as depth is attained a
steady Improvement is noticed and re-.
cent assays of ore from the lowest
workings gave returns of CO. per cent
copper, $3.50 gold sand SO per cent iron.
Sulphide ores came in al 10 feet in the
shaft. 5
The Wasatch was formerly owned by
-. anu sIldiit lftllu Ccl-
tains some splendid surface showings
of gold, silver, lead and copper ores.
Tho development work on this property
has been limited to the annual assess
ment work during the past 10 years.
It Is understood that the consolidated
company will push very active cam
paign of development The skylarl1
shaft is to be sunk deeper and will be-
come the permanent workings. in all
probability. of the combined properties.
A. j. McMullcn, who has figured con-
spicuously in the affairs of the SkyIark
company for a number of years, is to
take pm sonal charge of the work for
the prcsSnt. Mr.. McMullcn has had
mistaken faith in the two mines for a
long time and the consolidation is one
of the things that he has been striving
for. lie has spent much time in bring
ing this about and now that it has been.
accomplished, rests confidently in the
belief that his energies will be rewarded
by the opening Of ono of the best mines
in Beaver. county.
The new company starts off with
more than $4,000 shares Of unissued
treasury stock.