The Coalville times. [volume] (Coalville, Utah) 1894-1923, 1908-04-17
MINES AND MINING

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The Utah Consolidated report
shows 1898 per share earned In 1908.
The total surplus was s3.GgOGil. div
blends. g21OU.OOO. final surplus, ST.
53D.Uii.
Word comes from Cherry Greek,
Nevada. that Charles phalen. a vet
Gran prospoctor. has made q strike in
O. thirty.foot shaft Of ore assaying
$500 per ton n gold. The ground is
located just north OF town.
10 is announced that the new milling
plant at Golconda Is working regular
ly and encctIug q fine saving on the
ores being treated. though no attcmpt
is being made TO move the product to
market at the present time.
prominent mining expert, speak
mr or the Gold Springs district OF
Utah says: Taxing Gold Springs dis.
trict nll In all 90 o. 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 ln the world are
forgotten"
The Salt Lake Copper company,
whose mine is at Copper Mountain, IN
Box Elder county s. Co resume pro-
ducuun This is one oi the mines
which closed down when the United
States smcltor ceased to receive cop
per ore early in January. since which
time only development wor, has been
| carried uu.
Tho Little Beaver Mining and Re.
duouon company has secured for tho
SUM OF 100000 the Marguerite and
other claims iu Beaver county from
INo NicNmrg Gold and Copper Min
Ing company The company has
| lease ON % twcntynyo.ton mill near
by. and % is the intention to begin
milling ores at once.
After the expenditure OF much labor
and money. the iiOOfoot lcvol Of the
ontario at Park city has been freed
| from water For the FIRST time In
throc years the management is able
10 enter ON this level. aud the water
viii only have Co rcccdc another goo
foot 10 brng its Lowell down TO that OF
the Ontario drain tunnel
on the Coleman property In Elko
county. Nevada. work has been done
10 the l5Ofoot level, and from tho
bottom oft to shaft 300 feet OF dritung
and prosecuting has been done This
work has disclosed au ore shoot that
iangcs from eighteen Inches to nvo
feet In width. the ore carrying from
Si5 TO SCI per ton In gold.
According 10 the recent report Of
,he Guggcnholm Exploration com
many. its Investment I'm the Yukon
Gold company was valued ut Ss.222,-
iOG There are 100000 shares In
the company. and the market yalua-
ton IL si75OO.OO0, II IL expected tho
company will begin paying dividends
rcforo the end OF the year.
Ten Chicago Giant power drills
we're ordered from the y. Q. Rich
mond Machinery company last week
iy the Boston Consolidated company.
This indicates that tNe company IA
preparing 20 tear the ground up at
lively clip pretty soon. Thirty or
forty sets OF power drills are already
m use ut the company'a mines.
The claim is made that OF the min
ing camps In Nevada, Gold Circle Is
one that has no professional boom
crs. and which lH steadily advancing
solely on lis own merits. The miner
allied zone ls increasing from day 10
day. and Is now larger than any other
camp In the state with the posaible
exception OF the Seven Troughs.
Many business men from Reno have
iately taken advantage OF tho opor'
tunities offered aud are building
stores and business places In Gold
circle. Lots are now selling IRON
500 up 10 as high as $1,000. large
mart OF the townsite has the advHn'
tage over other mining camps IN the
state by being plated upon patented
ground
Tho latest development WORK Ivr'
formed I'm the Last Chance mine IN
the Dugway Mining district OF Too
Gle county Utah. is a forty.foot shaft
This now shows face Of ore h~afiy
eight feet wide. Samples taken across
the face show trace OF gold, 100
ounces Of silver and from to 10 per
.ent lead. Copper Is also present In
the ore In small quantity.
The superintendent OF the racifc
dold Mining and Milling company OF
American Fork has been instructed ia
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
, nj an early date upon measure 'om
blning the features Of several bills
which have been under consideration
IL is expected the measure which VIII
be reported will provide for a bureau
under the charge OF the department
, OF the interior and connected with
J scientific work being carried on by
! the geological survey
/, The exploitation so far advanced IL
I Gold Circle district would not only
. indicate the strength OF this mineral
a | FtHf