Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-08-14
GOLDF|ELO IS TO
HAVE SHELTER
Advices from East Indicate That
Plans to Reopen Deep Greek
Property Are Working Out,
MINE CONTAINS MUCH ORE
Fifty Thousand Dollars Ncedcd-Nc'
Profit of 81 10 Per Ton ON
tJ-Ccm Copper.

According to information cominh
from an authoritative eastern source
the plan outlined in the News some
months ago to revive the Western Utah
copper enterprise out in the Deep
creek country is likely to materialiHc
at no distant day.
The manager of the property COM
monty known as the Gold Hill mine IS
H. H. Green, formerly assistant gem
eral manager of the Bingham Con
solidated. Last year very Vigor-
Gus development campaign was carried
on for several months resulting in the
development of some excellent bodies
Of ore. but when the panic came on,
the company found itself short of
funds, SO work ceased. But While
black clouds were yet in the iinanClal
skies. MIR. Green set to work on
plan To shape the mine for production.
Sufficient ore having been developed
in the mine to warrant going 10 the eN-
pense of providing treatment facilities.
he recommended TO shareholders that
they asses themselves 0000. the
funds to be applied towards the con-
struCtion of mating plant With
capacity for the treatment of 200 tons
of ore per day The matter was placed
H..
man Bellinger and Il. l.. White. all eN
tensive shareholders I'm the enterprise
and Mr. Green's recommendations were
heartily concurred in. 1t Is said that
practically all the equipment needed
for the proposed Gold Hill smelter can
be purchased here in the Salt Lake
valley-from either the Bingham Con
soUidatcd or the Utah Consolidated,
which have had smelters in idleness
since about the first of the year on aC-
count of the decree of injunction from
Judge Marshalis court, that came as
a result OF the trial of the smetcr
smoke cases. II appears from Mir.
Green's report ON the property as well
as that of other engineers, that the
Gold Hill mine contains $4,000 tons of
ore of the gross value of 81. 30l 224 40.
And 1t is estimated that with $4,000
invested in a smelter 1t can be mined
and treated with net profit of $685.
00i 40. This is counting the price
of copper at 12A cents. less pa cents
for transportation. refining and mar
keting, and with the deduction of six
pounds s the ton Of CO for metal
lurgicai ;ons.
1t is cs'inated that the company
will be able TO produce copper at
cost of "a cents pound, 90 at
SIS cents pound when credit is
taken for the gold and silver CON
tents OF the Gold I'm ores.
And It Is without considering flu
ture development of the ore Bodies or
profits from smelling custom ores.
The report enters with some detail
into the possibllitie of profits from
custom work showing that the
freight rate with the long wagon haul
to railroad would enable the smelter
on the ground to make a treatment
charge that would be attractive to ore
producers and at the same time would
leave good margin for the smelter.
The report even points out to the
stockholders that the building of the
smelter at this time would enable the
company to realize from its ore
blocked out a greater profit under
present conditions than would be pos
sible to obtain later when transporta-
tlon facilities shall be further i'm
proved
1t &c shown that with copper at Is
cents a pound there would be net
| profit OF 81 40 ton from the average
Of all the ore blocked out In the Gold
Hill mine,