The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1908-04-23
MINES AND MINING


The Utah Consolidated report
shows 1893 per share earned in lSoS'
The total surplus was $500 41; div
blends, 100000; final surplus, Sl,'
| 530,G4l.
Word comes from Cherry Creek,
Nevada. that Charles Phalen, vet
| Gran prospector, has made a strike In
| thirty-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 a fine saving on the
| ores being treated, though no attempt
| IL being made to move the product to
| market at the present time.
| 4 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 VIII 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-five-ton mill near
by, and it 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 in
three years the management Is able
to enter on this level, and the water
will only have to recede another 100
~
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 $61 per ton in gold.
According to the recent report of
the Guggenheim Exploration com
pany, its investment in the Yukon
Gold company was valued at $S,222,-
1906. There are 100000 shares in
the company. and the market valua-
ton is $1750OO00. 1t is expected the
company will begin paying dividends
before the end of the year.
Ten Chicago Giant power drills
were ordered from the f. G. Rich
mond Machinery company last week
by the Boston Consolidated company.
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-
tunlties 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 work per.
formed In the Last Chance mine in
the Dugway Mining district of Too
ele county Utah, is forty-foot shaft.
eight feet wide. Samples taken across
the face show trace of gold. $50
ounces OF silver and from to Is per
cent 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 $40 to
500 per ton. and is expected to be the
means of placing the mining company
on n paying basis,
The house committee on mines,
which has been having hearings on
various bills to establish bureau of
mines. will make a favorable report
ut an early date upon a measure COM
hiu'ng the features of several bills
which have been under consideration.
Il is expected the measure which will
he reported will provide for a bureau
under the charge of the department
OF the interior and connected with
scientific work being carried on by
the geological survey.
The exploitation so far advanced In
Cold Circle district would not only
indicate the strength of this mineral
tired area from north To south. but il
? eso appears 70 demonstrate the fact