The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-12-27
PRINCE CONSOLIDATED.

At the close of the present year, in
the gladstone season of Christmas, the
sensational developments in the rich
property Of the Prince Consolidated
Mining company Of Phoebe, New, veri-
fed the predictions which have been
made by the CODES throughout the
year in regard TO the bonanza ore
which they were confident lay hidden
in the mines. Less than a month ago
the discovery was made on the 400
foot level of the No. l assure east of
| the main ledge which was opened by
cross-cUt of a three-foot streak
which gives returns of e51 ounces of
silver. So per cent lead and S13 in gold
per ton. And this only the beginning
of long period of development which
promises to rank as high as the ia
/ nous products from the famous mines
of that district in the old days when
Phoebe was the richest silver mines in
! the country.
From a report of the conditions of
the mines made last month by Mr.
c. Godbe, the manager of the property
| il seems that the mines are getting
bigger and richer with every remove
| made on the property. A full face Of
fine ore is now being drifted in, and
/ the three feet of rock encountered has
| shown values that are altogether SEN
| sational. And this is thought to be
1 only a beginning. The second assure
/ has not yet been reached on this level
IT is expected to be tapped in the near
/ richer developments are looked for in
this wonderful mine.
/ AS a contrast with the ore which was
taken out on the 300-foot level of this
! assure, the findings on this new level
appear TO be phenomenal. The high
( grade streak on the 300-foot level aver
| ages about 100 ounces of silver. IS per
cent lead and about 81 gold This is an
| increase in values OF silver and gold
| of about 500 and 300 per cent, respect
| lively.
/ While it is a matter Of qualification
Il to the CODES, this change for the
/ better is not altogether in the nature
of surprise to the managers of the
property They have all along pre-
| dicted that the ore was in the mines
at these depths and further down. but
! they have. of course, had no means of
estimating the percentages, which II
| is fair to say they did not expect 70
be so high Now that they have been
confirmed in their predictions to such
! q sensational extent, the outlook for
still richer and larger developments
along the lines in which they have
| been working is easily within the
bounds Of reasonable expectancy.
II has been their contention right
along in the development of the prop
erty that, as the workings gained
depth and approached the underlying
quartzite. the values in the mine would
increase.
| Coincident with this discovery Of the
sensational ore on the 490-foot level
I came the announcement last month
that the company had purchased a halt
interest in the Davidson claim. adioin-
ing the south end lines of the Prince
Consolidated con2pany's property or
what is known as the California and
Prince claims. This Davidson claim
carries the extension Of the great
Prince vein, and a tremendous blow
out of iron and manganese in the Da-
wilson ground suggests the idea thai
| the big end Of the Prince lode lies il
that direction.
All of the development in this prop
erty up to the end Of the present year
has been in a northerly direction from
the shaft The manag cement in its de-
velopnlent has shown the Prince lode
to be about $50 feet wide in this direc-
ton, and there is every prospect that
| L will prove even wider than that ir
the southerly direction. in the direc-
ton OF the Davidson claim. The two
high-grade assures which have beer
opened on the 800 and 400-foot levels
have been in the northerly direction
What they will show in the southerly
development which the company Is
now directing remains to be seen. II
also remains TO be seen what Will de-
velop at greater depth. The manage
ment- however. has learned enough Of
the situation TINS far to ne pertain
that each of the veins is permanent