The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-10-24
SANTA RETA co.
IS ORGANIZED
Salt Lake Talent Prepares for
Business at Its Seven
TroughS Property.

More than a year ago a syndicate OF
well known Salt Lakers organized and
sent a mining engineer into Nevada to
look for a property that might be con-
verted into mine with proper devel-
OPn!enL The Seven Tr0ughs district
was selected as the field in which 10
acquire foothold, if possible, and ii
was not long until property adjoining
the Hero-NeVada cOmpany's holdings
and covering the same mineral zone
was taken into camp. The prospecting
and development of this ground have
been going on ever since. and the Santa
Reta group, in the northern or Farrell
end of the district, has become well
known as one of the prospective bonan-
Zds of that rich mineral country
Yesterday the owners of the property
completed the organization of an op-
Grating company and the articles of
incorporation were sent off to Nevada
for filing with the secretary of state.
The company is organized under the
laws of Nevada, and Farrell, Hum
bOldt county. is designated as the Off
cial headquarters of the organization,
though the articles permit the compa-
ny to maintain headquarters outside of
the state. This means. of course, that
Salt Lake will be everything but the
organization is to be known as the
Santa Reta Mines company. 1t is cap
italized for the usual s1,000,000 in 81
shares, and 100000 shares of the capital
stock are converted into the treasury
to be sold for development and equip
ment purposes. A. J. Lowe, ST., is pres
ident; Van d. Spalding. vice presi-
dent; Joseph Buzzo, treasurer, and H.
s. Stowe, secretary. These, with w.
w. Davis, constitute the board of di-
rectors
The cOmpany's property, which is
owned outright without incumbrance
of any kind, consists of the Santa Reta
group of three claims, and what is
known as the Yellow Metal Fraction
A 4S-foot ledge of milling gold-silver
ore has been opened up in the Santa
Reta group, and the company is now
Nh, ir 3 a tunI.+i on the Yellow Metal
claim. which. extended beyond the lin
its of that ground, will develop the
other claims at considerable depth. This
tunnel is now in q distance of lbs feet,
while the vein has been drifted in for
20 feet. and it is expected to open up
some exceedingly fine ore in the ledge
which produced rich rock right at the
surface.
On one side Of the new company's
is the ground of the Hero
Nevada company, which is producing
fine shipping ore, while on the other
side is the Seven Troughs-Caesar, an
other producer of high-grade ore. BY
such men as Captain o. A. Tibbetts
and other conservative engineers the
Farrell end of the Seven Troughs dis
trict is relied upon TO Outshine all 9TH
er sections of that wonderfully rich
gold-silV region, results being simply
a matter of development like the
other mines of the Seven Troughs dis
trict, the Santa Reta and adjacent
around Farrell boast of their
high grade streaks and ore of sensa-
tional value has been taken from all
of them. But the Santa Reta syndi-
cate, like all Salt Lake operating
crowds, has avoiled parading specimen
ore as indicative of average values in
a mine, so about all that it does is to
claim that the property holds great
ledge of milling ore, for it is appreci
ated that in that class of rock the big
money will eventually be made.
Stocks in San Francisco.