The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-03-13
Mines and Mining Stocks

sentative. Snyder is a good deal of a
Missourian when it comes to tackling
new mining propositions and, while he
had every confidence in the judgment
of his own representatives, he wanted
TO see for himself. That is why he
made the trip TO camp: that is why he
lost no time in seeing that Foley got
his money when he reached home yes
terday. Foley bought the ground early
in the winter. before much was known
about its value. He stays in with the
purchasing crowd for an interest, and
will figure in the company that'it is to
be organized on the property. Before
leaving camp men were put to work
and. just as soon as it is possible to get
materials and supplies into the prop
erty and a place in which to take care
of the men has been provided, devel-
opment work viii begin in earnest.
Boom Is Under Way.
Il believe this camp is going to de-
serve the boom that has just started,
and which is now getting well under
way" said Mr.. Snyder. THE lodges
are big and strong and, while there has
been very little work done, as yet,
there are at least fifteen properties
there now in every one of which SEN
satiOnally high-grade gold ore has been
uncovered. Here is a chunk of ore that
1 broke out from the vein in one of the
holes on the property we have pur-
chased. You see it is all filled with
free gold. Well, wherever the ledge
has been stripped, in three or four DIFF
ferent places, we get ore that would
assay up to any amount, according to
the way samples were taken.
"All of the lodges that 1 found time
to inspect while there made in the
pOrphyry with we'll defined and regu-
lar walls, the footwall side being the
hardest. The ledge filing, or gangue,
is quartz-porphyry, heavily impreg-
mated with iron in which the free gold
makes, The property we have secured
is we'll located, and my judgment is
that we are going to make a big mine
of il. In addition to the high-grade
ores, I expect to see great quantities
of milling rock, rock that will go from
$40 to $50 per ton. opened up. Unlike
most of the Nevada gold camps, there
is an abundance of water at Gold Cir
Gle and milling can be most econom-
ically and profitably carried on. These
features all appealed to me, for 1 real
ize that, to make mining Nsuccessful,
there is nothing like tonnage and water
with which to concentrate the values.
Building OBSERVATION-DISCLOSURES
Costs.
New deals are being consummated
in the camp every day. The two town
sites were being consolidated the day
left camp. This will greatly simplify
things, for nobody was certain where
the central point was going to be. A
fine site has been chosen on a nearly
level bench right under the hills in
which the mines are located, and with
in a short distance of water that can
be piped down to the town for all
uses. What the name of the town is
going to be 1 don't know, though the
pOstOffice department will likely have
a say. II is possible to get pretty good
meals there now, but sleeping accom-
modations are altogether inadequate.
l saw a man at camp who was nego-
tiating for four lots on which he pro-
posed TO erect a big, two-story hotel,
but 1 did not learn his name.
Three stages and two automobiles
are now handling the passenger traffic
between Golconda and camp, and they
are taxed to the limit. / was told that
five or six more autos would be in
service within a few days. The fare
by stage from GOlconda is 81 each
way: it is SIS by auto one way and $25
for the round trip. Lots in the town
site, l understand, were selling at $3.50
for choice locations, with everything
to indicate that the price would rapidly
advance.
Big Men Getting In.
big men are getting into the camp
rapidly. and some important sales are
under way, while some have already
been consummated. W. r. Grant, son
of a NJ Grant, formerly chief engi-
neer of the Ontario company at Park
City, who is IN the machinery bust
ness at Reno, has got into good thing.
Associated with him are ]. E. Gelder,
son of the millionaire Boston operator
who is so largely interested in the
Phoebe district, D. z. Mcpherson and
other Nevada operators. They have
secured the Water Witch group of four
claims and they get assays from crop
pings along the ledge running well up
over 800 per ton in gold.
Leslie Savage and some of his
friends were closing up a deal for fine
ground when 1 was there, and Louis
B. Gordon was making an examination
Of the properties of the district. He
viii be home in day or two.
Club House Is Planned.
"I left my brother, Grant Snyder,
and S. NJ Levy at camp to look after
taken over by US before long, but
which I did not have time to investi-
| gate on my own account this trip.
LAS an evidence of what some of the
| big men think of the district, men who
have been in there during the past
week or ten days, it is only necessary
to say that they have started a prop
osition looking to the building of a
large club house, something on the
/ plan of the Mizpah club at Tonopah,
and the MaZuma club at Goldfeld [
was asked to get in on the scheme and
/ the plan is to get the cooperation of
/ all operators who get into the camp,
so that a pleasant headquarters for all
can be maintained. L have no doubt
that the plan will be carried through,
/ for the camp is going to make good.
sure. Within a few days 1t will be
connected by telephone, which now
/ reaches one of the ranches about FIVE