The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-05-18
BIG COPPER DEAL IS
JUST ROUNDED OUT
Prominent Capital Hopes to
Rival Bingham in Boyer
Camp of Nevada.

lamp 0I NeFaud.
A quarter of a million dollar deal
has Just been consummated here
through the intermedation of Clinton
D. Ray and DR.. Franklin r. Carpenter,
which involves a ten million dollar
mining, milling and transportation pro-
jcct at Boyer, Churchill county, New,
and the founding of copper industry,
IL is believed, that will be fully equal
| TO the great copper industry of Bing'
! ham. This Nevada mine will closely
resemble the Utah copper, 1T is sald,
! both in the extent and nature of the
ore deposits and in the unusual mag
nitude Of the mining, transportation
and milling methods demanded. The
deal involves the purchase of twenty
seven claims in the heart Of the great
Boyer copper fields, which lie forty
five miles southerly from Lovelock,
! New, station on the Southern Pacific
railroad The former owners were
Messrs. Boyer, Gunnel and Uniacke, the
buyers being group of retired 'capl-
talists of Wilmington, Delaware, rep
resented by DR.. Carpenter of Denver,
The first payment of $4,000 was de-
posted few days ago and diamond
drill operations on a large scale Will
commence within few days under the
superintendent Of Mr.. Wright of
Seattle.
The project, which includes the early
erection of concentrating plant, com
posed of thousand-ton units. and the
probable early building Of n branch line
TO connect with the Southern Pacific
at a cost OF not less than 100000 for
carrying the concentrates to the mar
ket, is the elimination of three years
of unccasing effort on the part of Mr..
Ray and later of DR.. Carpenter, who
have tested the new mineral empire
TO their thorough satisfaction and to
the thorough satisfaction of the pur-
chasers. DIR. Carpenter, who brought
into the promotion of the enterprise the
knowledge and experience of an emf
neut metallurgist aud mining engineer,
has constantly visited the property dur
ing the last six or eight months, and
has presented an array OF facts that
show that this great copper territory IS
perhaps second TO none in the west in
potential wealth.
According to Dr. Carpenters report,
the ore body is an immense intrusion
OF porphyry, similar TO that on the
ground of the Utah Copper company at
Bingham, between rhyolite on the one
side and trachite on the other. The |
values occur in the form Of grains OF !
pure chalcopyrite disseminated through !
the porphyry as an original constituent |
of the rock itself, having crystallized |
at the cooling and solidifying Of the |
magma. There is every reason to be- |
lieve from DR.. Carpenters tests and as
says that the entire intrusion of igne.
Gus rock, which is from 800 TO 1000 |
feet wide, with the length of the claim, !
is milling ore of very profitable |
grade. In the opinion of the metallur.
gISt the igneous intrusion is ore through |
out the entire length of tbe district
and being primary occurrence of ore,
n part of the unaltered magma, proba
self
Copper indications are found upon
every claim examined in the group, but
only on one claim, the Treasury Box,
has the unaltered zone been reached, !
Here 230 foot tunnel and Wine
reaches the zone of unleacbed ore. and
reveals the enormous possibilities of the
ground. \ series of ASSAYS taken in
the leached and unleached zones show
in the former an average of 1.4J per
cent to 10 per cent copper. and in the
unaltcreG zone an average running
from 3l2 to 512 per cent copper. There
are large bodies of ore in the leached
zouc that average z per cent copper
and run TO figures much higher.
Taking % pounds OF copper per ton
as the minimum production from the
estimate than the series of ASSAYS war
rant and taking the price of copper al
the minimum Of thirteen cents a pound
Mr. Carpenter has shown that with the
facilities at hand at Boyer a minimum
profit Of Sl.50 a ton is assured. The
has very valuable asset in
the shape of great surface deposits or
of oXidized ores occur.
ring in patches all over its ground.
These show general average Of l2.6S
per cent copper. Gold and silver val.
ues are higher in the Boyer than in the
Utah Copper company property.
There is enough water on the grounds
of the company TO supply a three thou
sand ton concentrating plant, while fiji
teen miles away at Table Mountain
there is sufficient timber for all pur-
poses. The Winnemucca valley affords
2 level roadway to the Southern Pa
cific, providing cheap railroad exit for
the concentrates.
The corporation that has been organ.
izcd 10 handle this large project is the
Boyer Nevada Copper company 1t
numbers among its members capitalists
of national reputc. The provisional
board of directors are, Franklin Car
penter. Denver, president; IT. r. Dur
kce. Chicago, cc-president: Arthur
Howe Carpenter, Denver, secretary and
treasurer.