Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-11-12
SDEsERET EVENING NEWS SATURDAY NOVEMBER 12 19lc
MINING, BUSINESS AND STOCKS.
5PloCHE PROPERTIES
ARE TO THE, FRONT


the background, more from force of
circumstances than fault OF the
ground. Lately 1t has been coming to
the front. r *. Cobb Il Company in
their weekly statement put the camp
to the front.
Nothing better In the market than
the piocnc propositions has developed
Tor some time. Here is what the Cobb
company says of Phoebe:
Among Piochc properties, none, III
our opinion presents such attractive
possibilities as the Prince Consolidat-
ed. and we advise its immediate pur-
chase. Development is being made at
the Prince mine with 60 degree in
cline shaft over 500 feet deep. Drifting
and cross cutting has been done at
Intervals of 100 feet. The shaft is in u
very large body black mangani-
ferrous iron oxide in limestone, the
extreme surface dimensions of this
great mineraliZed area being inter-
rupted with limestone cappings show
ing width of 200 feet by
length of 500. Some OF
the crosscuts are over 100
feet in length and all in orc. but at no
place III these cross-cuts are both walls
exposed. The development at this time
warrants the statement that 100000
tons is absolutely in sight, and avail
able above the fourth level alone. and
contains an additional 100000 tons of
probable orc when the full section OF
the deposit Is run out at the fourth
level. When IT Is taken into considcra-
ton that this ore now In sight Is a per-
fcctly free smelling ore. II can be seen
that the possibilities are tremendous
The great body of oxide mineral Is
spotted with rich carbonate of lead
with occasional cores of galena carry
Ing high values in silver, clean samples
of which assay over 1000 ounces OF
the oxidation goes to the deep and with
u similar formation as illustrated in
thesol mines of the camp. there Is no
question IN our mind but what a. great
bonanza will be developed in the Prince
Consolidated. below the present levels.
1t Is expected that the vein will enter
this 1uartzitc at a depth of 700 feet.
The Prince company also owns 1000
acres of patented land at Dry valley
and 200 acres of land at Bullionville. At
Dry valley&there are approximately 50,-
600 tons of taillngs from the old Mill,
and at Bullionville $4,000 tons. In our
Judgment these tailings alone Justify
the present market price of the stock.
With this latter property there Is also
a perpetual water right OF about 800
gallons per minute.
Two thousand feet north of the Prince
Consolidated shaft, tho Golden Prince
Mining company has completed two
compartment vertical shaft to the depth
OF 500 feet, and every Indication Is that
drifting on these ore bodies from the
SCOTT. level will block out n large ton-
mage In a short time.
Among the other companies operating
on continuation of the Prince Con-
solldated and Golden Prince lodges, are
hn I'M living haf no two.
the Gold and Silver Prince, the Abe
Lincoln group, the Demijohn Mining
company and tho Phoebe Metals Min
ing company. Considering the record OF
FPioche in the past, under conditions
which were anything hut favorable, tho
dividend possibilities Tor the future with
adequate and economical railroad anu
smelter facilities are enormous. When
1t il realized that from one claim alone
tho Punaca.-in the old days. some
s3o.0000J0 worth of ore WAS extracted, 1t
Is not 100 much to expect that history
will repeat itself and that with depth
any OF the better class of Fioche proper
ties Will prove a great bonanza.
Subsequent developments on the
Golden Prince Mining company adjoin-
ing tn. Phoebe King on the north, to-
gethe, with the fact that the Prince
Consolidated has developed two of The
largest beds OF ore 10 within approxi-
bmately 20 feet OF the Phoebe King lines.
give every assurance that the Kings
plan Of development IS correct.
y A very attractive property which has
started active operations is the Cen
tennial-P Phoebe Mining company which
adJoins the Prince Consolidated on the
south and east This property is we'll
equipped for all immediate needs and
from its location in relation to the
Prince mine. presents splendid spcc,-
lative possibilities. The management
of this property is very progressive
and the men behind It have been
among the most active In the district.
Tho shaft IL down to Il depth of 400
feet and the management states that
no time will be lost in putting it down
to the 5s0-foot level where they expect
TO encounter the first large ore hodJes.
The shaft on this property is 1,40O feet
from the main Prince shaft ana ore
bodies have been developed In the
Prince to within a few hundred feet
of the Centennial shaft. AS there are
no known faults to cut off these orc
bodies the possibility OF the Centennial
getting the extension Of the Prince orc
bodies on the southeast is very good
| The officers of the company are all
we'll known mining men whose object
| has been to make profits from the
properties themselves rather than
| through stock manipulation.
| On the Phoebe Demijohn Mining com.
pany, rich in surface Indication. a veil
| of ore from one to four feet III Width
has been followed from the surface tc
| 125 feet ON dip of As degrees. This
vein carries rich values in silver, lcat
| and gold. and after following It IA,
size and values. the company sank {
| vertical working shaft cutting the weir