The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-09-01
CASH FOR MINES
OF MARYSvALE
Gold Development Company
Expects to Spend $250,OOO
During Next Six Months.
Especial to The HERALD

Richfield, Aug. a.-H. ]. Maynard of
Philadelphia and number of other big
guns In the Gold Development company
nave been spending several days in 60
ing thoroughly over the properties of the
company IN the Marysvale district Since
the big strike was made in the Brad
purn properties, adjoining the Gold De-
Velopment ground, il has been thought
that the latter company would get busy.
as IL is known that the ledge runs
straight into Gold DEVELOPMENT Territory
Inc guess was a good one, for Mr.. May
nard, upon the party's return to Rich
field. discussed freely the plans of his
company and released information that
Will sound good to everybody interested
IN the Marysvale region. For years Mr.
Maynard was connected with the enei-
neering and business interests and de-
partments of the United States Steel cor
porat1On. and he is therefore qualified to
grasp the situation and figure out the
needs of the Gold Development company.
Big Money for Equipment.
After his investigation he says it APP
pealS TO him as a manufacturing propo-
sition. requiring only the expenditure of
large amount of money to convert the
practically limitless amounts of low grade
ores into marketable form. He announces
that the company will spend in the
nelghborboOd of $3.50, 900 during the next
six months for equipment. The ground
mas been gone over carefully and il has
been determined to install an electric
plant of 600-kilowatt capacity. OF this,
only 300 kilowatts will be necessary for
companys properties. and the balance will
be sold to other mining companies, either
in Bullion or Cottonwood canyons
The construction of an aerial tramway
the entire length of Bullion canyon is an
other proposition which the company will
undertake 1t is proposed to install a
tramway which will handle from fifteen
to twenty tons of ore per hour This
will be about 80 per cent more than is
necessary for the carrying of the COM
pany's material, but other companies will
be allowed the use of it for a considera-
ton to be determined. Through this tram
way they will be able to handle their
ores very cheaply.
May Build Custom Mill.
If the other properties in the camp pro-
duce the proper kind of ore a custom mill
will be built for the reduction of these
ores; but for the companys own produc-
ton of ore fifty-ton stamp mill will be
built near the property and a cyanide
plant installed. Within thirty days a
force of twenty-five men will be en-
ployed and, as work progresses. the force
will be increased 1t is expected that
by spring several hundred men will find
employment at the property.
Mr.. Maynard said that his company
had other surprises in store for this sec
ton. the nature of which he was not at
liberty to divulge at present
Company's Colorado Mines.
!, The Gold Development company has
property in Colorado. near Telluride upon
which large sums of money are being eX-
pended. In this property there is gold
and copper and a water concentrating
plant will be installed there to handle
the ores. An electric plant will be in
stalled there Of 1000 kilowatts capacity,
while $4,000 has already been expended IN
mine equipment. From this property two
cars of concentrates are being market I'd
weekly which average $50 per ton The
mill improvements contemplated will per-
nit the treatment of 600 tons daily.
There are five true veins on the property.
and about 1900 feet of tunneling has
been done.
Associated with Mr. Maynard are men
of means and men who can commar ]
large sums of money. and If it is found
that they need more. they are men who
can procure the coin and carry out any
project.
Marysvale will reap Il rich harvest from
the activity of this company. and 1t VIII
put backbone into other operators
throughout the camp II now looks as IL
Maryvale is coming to her own.