Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-08-02
.LAUNCH. COMPANY. FOR:
MINING UNDER EUREKA
Corporation VIII Prospect Ground
Under Arrangements for
Citizens to Get Ill. IN,

Corporation VIII Prospect GROUND
Under Heterogeneous for
" VA Citizens to Get Ill. !.
Special to the News, 5ij5
Eureka. Aug. "A new company
which has been talked of for some
time has just been launched to search
for mineral under the Eureka town
site, and the company being a strong
one will immediately expenti 100000
in developing the ground embraced in
the incorporation known as the Eureka
City mining company, The capitaliza-s
ton has been placed at s1,ooO,oo0. diyid-;
ed into shares OF the par value Of 81
8each.~ffle officers are Walter w. Fitch
president: Frank y. Ktmball, vice
president; Aubery Fitch, secretary and
treasurer, all of whom together with
]. Donnely, James p. Driscoll.
Ella Sullivan and Cecil Fitch consti-
5tute the board of directors. The com
pany has been organized under the
laws of Arizona, "A large amount of the
stock willsiremain in the treasury for
development work, as the conpany's
stock is non assessable. Sl8
The plan Of the company, in brief is
lerty in the Eureka townsite survey
a shareholder in the company, the
owner of an acre OF ground in the
:townsite being entitled to 1000 shares
Of stock in the company, and those
owning more or less ground to re-
ceive shares In proportion to their acre
age. The deeds are now being signed
up and as soon as all the deeds are
in, giving the new company the rights
to the underground OF the townsite,
prospecting beneath the townsite for
mineral Will be commenced and Wig
sorously prosecuted, in all PROBABILITY
through the shaft OF the Chief Con-
solidated Mining company. which is
situated in splendid position for
handling the work 1t is stipulated
that no prospecting will be carried on
less than 700 feet beneath the surface,
consequently there can be no objection
of property owners singing up on the
ground as there VIII be no danger
OF injurir- the surface improvements
or even wells now on the lands. The,
plan has met with the hearty indorse-
and should the new company be sue
.cessful in opening up ore on the
ground which the owners are now
transferring to the company, the shares
would be of great value.
GRADING FOR SHAFT.
The grading for the double; COM
pertment shaft TO be sunk upon the
Bradley group Of claims In Nortii.Tin-
tic, by the Tintic Mines company. has
been finished and the sinking of the
shaft will be started at an early date
The shaft will be located $50 feet
southeast of the old shaft sunk on4the
property Is years ago. "A wagon road
is being built to the property. After
the road is completed the new shaft
house and other buildings will be
erected. l5 a s,S III a
Notwithstanding the fact that the
sTlntic smelter is closed down, 1t is
said temporarily, as far as the treat
ment Of, ore is concerned, there are
SIS per cent OF the company 's5nlen still
upon the payroll. This information
was given out from the office at the
smelter Friday and it was also given
be kept at work doing something at
the biz plant during the time that the
repairs and changes are being. made
This IS certainly good news to the
people of Silver City is we'll as the
entire Tintlc district. There have been
all kinds of stories in circulation re-
garding the smelter, but as near as
races will be put In operation justas
soon as possible No ore WAS received
at the smeiter the past week. except
four carloads from the Iron Blossom,
all the other ore being diverted to the
valley smelters.
NEW MACHINERY ARRIVES.
The new machinery for the Tintic
Standard arrived this week and is be-
ing hauled from the switch at Ell
.berta to the mine.
The weekly output from the Scranton
In North Tintic is now four carloads.
The ore is two classes, the bulk of
which is a high grade zinc product and
= is being shipped to Kansas. The otll-
5er is lead ore and is being handled
by the Salt Lake valley shelters.
II. Another contract has just been let
sby the Tintic Central people. The
contract calls for 100 feet of sinking in
the shaft. which should put the work
stings down to g. point where 1t Is eX-s
pected that the ore will be encount-.
cred. 1t Is reported that the shaft is
now nearing the lime.
A patent survey has just been com
spleted of the Little Edgar group of
mining claims in East Tintic, which
have been developed for some time
by James A. o,Brien OF this city.
II is learned from c. C. Griegs that
AN option for tile control of the Cop
per Jack Mining company of West
Tintic, has beer given j. II !, Weber
and other Well known mining mem
The gentlemen visited thu property
the latter rart of last week and ups.
on their return they stated that the
property promises to become one of
tho greatest copper propositions in the
state. A Keystone drill will be used in
prospecting. The deepest workings at
the Copper Jack at this time is $50
feet. where some splendid suIphide ore
has been encountered, Water inter-
Tered with the handling of this ore, SO
the work was stopped,
NEW CHUTE OF ORE.
The recent strike in the Uncle Sam.
on what is known as the main level
where most of the ore has been COM
Ing from for the past year, promises
to be an important one. for the reason
that the ore Is from IA new chute away
off to the south from the other ore
bodies, The new body ot5ore has been
opened up the last three days siif1i-
GENTLY 10 show that it is most i'm
portant discovery, being an entirely
new assure or break
j. r. WHITNEY. stock Broker.
sas4 Atlas Bell. 1910. Res. oo4-z.