The Spanish Fork press. [volume] (Spanish Fork, Utah) 1902-current, 1908-04-16
MINES AND MINING


The Utah Consolidated report
shows 1898 per share earned in 1908.
The total surplus was S3,630,641; div
idends, S2,100.000; final surplus, ST.
530,64t.
Word comes from Cherry Creek,
Nevada, that Charles Phalen, vet
Gran prospector, has made q strike in
q thrty-foot shaft of ore assaying
$500 per ton In gold. The ground is
located just north of town.
1t is announced that the new milling
plant at Golconda is working regular
ly and effecting 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 II 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 Mountai, in
Box Elder county, is to resume i'o-
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 100000 the Marguerite and
other claims in Beaver county from
the Vlcksburg Gold and Copper Min
ing company. The company has a
lease on a twenty-fve-ton mill near
by, and 1t Is the intention to begin
milling ores at once.
After the expenditure Of much labor
and money, the 1400-foot level of the
Ontario at Park City has been freed
from water. For the first time I'm
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 to shaft $50 feet of drifting
and prosecuting has been done. This
work has disclosed an ore shoot that
/ anges from eighteen inches to five
| feet in width, the ore carrying from
| S15 to SOL per ton in gold
According to the recent report OF
/
pany, its investment in the Yukon
| Gold company was valued at $S,222,-
| LOG. There are 100000 shares in
the company, and the market valua-
ton is S17500,000. 1t Is expected the
company will begin paying dividends
tefore the end of the year.
Ten Chicago Giant power drills
ere ordered from the i. 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
lively clip pretty soon. Thirty or
forty sets of power drills are already
IN use at the company's 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 $1,000. 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 work pef-
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 itIariy
eight feet wide. Samples taken across
the face show a trace of gold, 1bO
ounces of silver and from 7 to Is per
lent lead. Copper Is also present in
the ore in small quantity.
The superintendent of the Pacific
cold 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 $40 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 favorable report
at an early date upon measure com
bining the features of several bills
which have been under consideration.
1t is expected the measure which will
be reported will provide for a bureau
the charpp Of the daDartment