The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-05-02
P|OCHE MONITOR
COMPANY FORMED
Local Talent Forms Company to
Develop Group in Noted
District.
HOLDS PORTION OF
BIG FAULT FlSSURE
Robert n. Bell Reports on Prop
erty, Which He Regards
Very FayOrably.

The Phoebe Monitor Mining company
was launched on its career SATURDAY
bv prominent local talent, The com"
pany is capitalized for 1,Q00,OO0 SHARES
of stock, par value 81 each; 4oo,ooo
shares being reserved as treasury STOCK
r. n. Bell, formerly mine inspector Tor
The state OF Idaho and who recently
has cast his lot with Phoebe in the
most enthusiastic manner, is president
Of the new company; r. X. Coob Is
vice-presideut. aud II. ]. Cobb is sec
retarv and treasurer John y, Kirby
and DR.. G.. j. Field complete the board
of directors.
Eight claims at Phoebe are owned by
the company, and the group lying on
the south of the Ploche Metals prop
ertv. and between il and the Plochc
Demiiohn group. The Big Fault fssurc,
which begins in the Prince and extends
TO the northwest, crosses the center OF
the Monitor, and from it the new com
pauy expects characteristic results. MI:
Bell recently made all examination ot
and report on the property, IN when
he says i'll part:
Your property is, OF course, pure
mining gamble. but its position III rela,
ton TO the other properties mentioned
and the fact that it is situated at
point only three miles west of the ia
nous Phoebe bonanZas, and seems 10
cover an area of ground that is likely
TO form plexus OF assures ana por-
phyrv dikes, presents conditions that
give il exceptional speculative merit
and we'll Justify the investment OF the
necessary capital to develop, tho ground
to considerable depth, and TO deter
mine whether or not the splendid eVl.
dcnce of naturalization now exhlblted
at the surface will make good any
profitable ore bodies as similar surface
indications have done repeatedly, at
other points in this interesting district.
Besides the main fault fissure which
this group carries with strike north
west and q steep dip to the south
west (Which corresponds very closely
TO and is believed 10 he identical with
rhe now famous Prince issure), 1t also
contains several strong cross VEINS that
intersect this big fault fssure nearly
al right angles These cross veins,
and. in fact, the main fault fssure
itself, show some handsome groupings
Of silicious iron oxide ore. containing
fair values in gold and silver, togeth-
er with little lead and copper min
erals that are likely to prove the bios
som or crest of more valuable orc re-
sources at further depth under the
surface,
"ln addition TO these fssures, your
Little Bell claim also carries CON
tact vein between the limestone and a
narrow bed of shale. This is filed with
mineralized ribbon quartz and is idcn.
teal in appearance with the bedded
deposits Of the productive Half Moon
group short distance TO the south.
This ore course occupies the same reIa-
tive position in the formation rs the
present principal orc showings of the
Phoebe Metals company's property ad-
Joining this group to the north. This
deposit has been opened with shaft
slightly feet deep. and shows such evi-
dence of pcrmanency that | believe
with further exploration, and especial
iy when it makes a junction with the
vertical fault assures near by. 1t should
afford some bodies Of valuable com
mercial ore.
SIN addition to these fssure veins
and contact deposits. the Monitor group
also carries. on the Jim Crow claim
very interesting porphyry dixie crop
Ning. which may represent the famous
Nrba dixie on its strike to the west
'~t N view of the apparent great &c
r.ic Importance of the porphyrY dikes
gin of the ore deposits. this occurrence
lends an important additional value to
the prospects OF the property, To ap
preciate the merits of the position OF
this ground it Will be necessary to give
a little brief history OF this interest
ing district
fWithin the past two years. Phoebe
has been afforded direct connection
with the outside world by n brancl
from the San Pedro railroad at Cali
ente. This fact makes valuable miner
al resources that could not formerl,
be touched on account Of excessive
transportation charges, The construc
tion of the railway into the camp ha
greatly stimulated the active develop
ment of its long dormant, but yer,
promising mineral deposits
Among the new mining venture
to make extensive development Of ricl
ore the Prince Consolidated mine. stu
ated two miles west of the famou
Raymond-Ely Bonanza. Is now the spot
light of attraction in the Phoebe dis
trict. 1t is situated in an entirely diff
ferent line of assuring from the oil
mines. and its recent ore development
are OF such nature and value as q
indicate a strong probability that
new line Of bonanza ore deposits ma
be opened up on the Prince vein O
equal Naluc with the raymond -Il
string. and your acquisition Of sue
large group of claims, covering sue
long stretch of this now famou
Prince fssure zone. gives your propcrt
it's special merit and speculative valu,
sf1n addition to the above. and refel
ring to the porphyry dixie deposit u,
companying the Raymond Ely fssurc
which is thought by many geologisi
to he the parent source or mother lod
of the district. / would explain that
has II strike almost due east and Yves
and has been identified five miles flu
ther west from Phoebe than the Mon
tor group where il is again foun
richly orc-bcaring. Owing to the sill
ping and shifting of the surface linn
stone beds, and its soft nature, it
difficult TO trace this famous dixie col
tinuously between these extreme point
but tho fact Of the existence of dill
Of the same porphyry on your propc
ty, which is practically in the line
the strike OF the Yuba dixie bctwct
Phoebe and Stampede Gap, leads me
believe that you either have sectic
of this famous dixie or one very close
related to it, that may prove of equ
gcnctic value as Il source of vahIab
ore deposits.