The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-08-26
One Million Dollars Taken
From Twelve and One
Half Tons.
MUCH RICH GOLD
ORE is ON DUMPS
Property Has Been Producing
for Only the Past Four
Months.

j. Z. Pelton, president and general
manager of the National Mining COM
pany of Nevada, and S. O. Scotten,
treasurer. j. d. Snydacker and c. W.
Buckley, all heavy stockholders Of the
organization, are In Salt Lake City from
the mine In Nevada. The National
mine is becoming known to fame as
one Of the most remarkable gold min
ing propositions ever brought to light
in the western country, its demonstrated
richness partaking so much of the
boasted prospective mineral wealth Of
so many Nevada prospects during the
past few years that these officials were
by no means willing to discuss the con-
ditions Of the mine when seen by The
Tribune last evening
1--WE are just from the property"
said Mr.. Pelton. "my associates be-
ing eastern men who are returning to
the 2, G. Richmond Machinery com
pany some missing parts of our new
mill, and 1 will return to Nevada to-
morrow
When urged for some details of this
Nevada gold mining proposition Of
which the press is saying so much, Mr..
Pelton said:
chased over year and half ago, but
1t was tied up by litigation for a year
Four months ago operations were
started, and during these four months
we have produced twelve and one half
tons Of ore which produced over 81 1000
600, This ore was treated by small
pan arrastra mill, and our larger mill.
plant of thirty tons capacity, was
started last Thursday.
Hhoire piph Grade RocL
"This twelve and a half tons of gold
ore came from the high grade rock
taken out along with 5000 additional
tons, which will range in value from
$40 TO $4,000 per ton in gold. This 5000
tons is now on the dumps awaiting
treatment Ore began IN place and in
paving quantities at a denth Of eighty
feet, and it is now followed to the 450-
foot level. We arc driving for it III q
lower working which will give us 700
feet Of depth and we should strike it
in few months.
cam an average the vein is three
and half feet in width, in which the
high.grade occurs in shoots, of which
we have found four already, the longest
grade ranging from e-half of IN inch
to eight inches in width, Our dumps
contain fair representation of what
the vein. outside Of the high grade ore,
will average in gold, We are having
a rather strenuous time of it in protect
ing ourselves. The mine has been held
up on one occasion. and about $4,000
worth Of ore stolen. 1t costs Us as
much TO guard the mine and our bullion
shipments as it does to mine and mill
the ore, Two automobiles are employed
in bringing out the bullion, and these
machines are under heavy guard
"The National company is capital
lied for 100000 shares of stock, OF
which 100000 shares are issued. We
have declared three dividends on the
stock, Ave cents per share each. Don't
make your story appear too big. Peo-
pie will not believe what you say, and
the officials do not care whether the
world believes or not.
While in Salt Lake, the National
visitors inspected the local government
assay office. and it may be that Salt
Lake will succeed in securing some Of
the gold from this propertv