The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-03-28
ELY MERGER TALK
IS ALL THE RAGE
Camp Believes Mcdonald Ely,
Centennial and Calumet
Should Be One.
WOULD MAKE BIG
SHIPPING PROPERTY
Abundant Market for Ores,
Either at SteptOe or Salt
Lake City.
Special to The Tribune.

SpeclaI 10 Inc lrlpunc.
ELY, New. March 27.-The main topic
in mining circles IN Ely just at present
Is the proposed consolidation OF the Ely
Centennial, Ely Calumet and Mcdonald
Ely properties. The three properties en-
brace about 900 acres OF mineral land.
lying ON the eastern end of the mineral
belt Of the district and close to the town
OF Ely, the Ely Centennial workings be-
ing within half mile of the center of
the town. Development work is in active
progress on the Ely Consolidated and the
Ely Calumet at the present time. The
Mcdonald Ely was formerly worked as a
gold property and the mine has been
opened by a tunnel and several shafts.
David Keith OF Salt Lake is president
OF the Mcdonald Ely company. while the
local manager is y. G. Mcdonald, mayor
of the town OF Ely, and for many years
a prominent figure in the mining enter
priscs Of White Pine county.
Some OF tho best ore ever found in the
district has been developed on these three
properties and under a management with
ample capital for development on COM
prehcnsive scale. there is little doubt that
the consolidation could In a few months
be shipping high grade orc In large guam
titles to the Salt Lake smcltcTs. II ia
quite likely that a company possessing
considerable tonnage Of high grade ore
could make arrangements with the Step
toe company for smelling facilities al
''l'bSI Aillb 'pAl'lriilS le'" h'N'i "S "
handled custom ore, The Steptoe smeltcr
has u 500-ton blast furnace which has
never been blown in hut which could be
operated to great advantage on high
grade ores such as could he furnished by
the Centennial. Calumet, Mcdonald Ely
mbinat ton.
Ely Consolidated is continuing TO stead
lily and skillfully develop It's big holdings
with encouraging results. The east drift
from the American shaft is now in about
$50 feet and from all appearances must
be very close to the north and south lead.
a Wine from the west drift from the
American was sunk 20 feet In ore, some
of which assayed as high as il ounces In
gold besides from 30 to 40 per cent in
lead.
The new machinery plant Of the Ely
Centennial company was given a tryout
this week and is working satisfactorily.
The drills are now running and breaking
ground at the rate of about twelve feet
a day in the main tunnel. which is eX
pected TO tap the lead in about seven
weeks The tunnel will cut the lead at
q vertical depth OF over 400 feet.
II Is reported that the Ely Northern
company is being refinanced In New York.
preparatory 10 n resumption OF develop
ment work. The Ely Northern company
owns 100 acres of ground In the vicinity
of Lane City, about two miles from Ely.
The Ely Northern ore is an iron oxide.
carrying about q per cent copper and
II is claimed that 100000 tons can be de-
veloped above the 100-foot level in the
mine. Resumption OF activity along the
lead belt Is marked by shipments Of high
grade lead-silver ores by the Badger lease
and The Richardson Leasing company,