The Garland globe. [volume] (Garland, Utah) 1906-191?, 1910-06-11
MINES AND MINING

| - o'OhS SVnpohy Dctn
In Beaver City, Utah, to take over
and to operate what has been known
~ the Indian Peak mining property.
OIL must be actually discovered by
drilling well and striking OH to val.
idate = placer location applying to
oil. Mere oil seepages and surface
indications are not sufficient
From the raise in the Bourne tun.
mel In Jarbidge district is yet being
taken high-grade gold ore. The Pa
WAX tunnel is still passing through
stringers, or feeders, which show val.
ues.
At noon on Wednesday, June /, the
Amalgamated Copper company took
possession Of the Clark Copper prop.
critics at Butte, which were recently
sold to 1t by former Senator William
A. Clark
The day for the Black Horse district
OF Nevada Is rapidly dawning, and
the properties in this famous old gold
producing section are being placed in
condition to take advantage Of the
new conditions there.
The Round Mountain Mining com.
pany of Nevada has declared its ninth
consecutive quarterly dividend of four
cents share, amounting to $34,65O.O7,
making the total dividends of the
company $293,7332O.
Shipment of another carload of ore
from the Millard lease, above Lane
City, Is to be made during the week,
according to the Ely Expositor. The
ore Is expected to bring returns which
will net good profit.
Announcement of recent big
strike In the copper mines of the Lam
dore Mining company, in Seven Dew
lis district, is reported. The ledge is |
reported to be sixty feet wide and |
the ore will run 40 per cent copper
test Of the Goodrich well. in the |
San Juan oil field, which proved that
1t Is to be an important producer, was
made few days ago. With an ordi.
nary bailer three barrels of oil were
raised from the well in twenty min.
utes.
After being in ore for twenty-five
feet, the Tonopah Belmont shaft has
passed through the ore body first en-.
countered at the 1,O6O-foot point,
proving the new vein to be fully iif.
teen feet wide, all OF which carries
milling values.
Available statistics point strongly
to more favorable statement from
the Copper Producers association for
this month than the month previous,
due, in a large measure, to the in.
creased exports, which promise to
press 45,O00,000 pounds
The copper exports for last month
amounted to 20,SS2 tons against 31,42S
tons for May, 1909. This is a falling
of OF 1854 tons. The foreign visible
copper supply on June /. 1910, was
lO6.Sl5 tons, a decrease of 1907 tons
over the first of last May.
The second carload shipment of
high-grade lead-silver ore from the
Regent mine, in Ferber district, Ne.
vada, just across the Utah line, near
The Western Pacific railroad, has been
taken to the Salt Lake market. The
ore runs as high as 400 ounces in sill.
YER.
The Montgomery Shoshone Consoli.
lated company has issued a report
or the month OF March last. During
his period the receipts totaled $26,.
1890; disbursements, s22,S39 20; ne,
gain, $3,S99.60. The debts, with in
crest, at the end of March, amounted
o $219,SS415.
TWO large drilling rigs to be used
'or prospecting for oil near Moab,
irand county, have been ordered by
s. e. Barrett. The field extends along
irand river about thirty miles. Bry.
INT d Co., who have the largest hold.
ngs In that field have refused an
'ner OF $4,000 for them.
The Nevada Hills Mining company
lad on the Salt Lake market last
week carload of ore which shows
'alues of $42,SO in gold and 144.7
ounces in silver, making the total
'alue about $119 ton. The value OF
he shipment OF $500 pounds of ore
In the neighborhood of $4,000
An eastern paper, in talking about
he South Utah company, once better
Snown as the Newhouse Mines and
says that the property has
ully demonstrated 100000 tons of
IS per cent copper ore, while of par.
tally developed ore there are 3OO..
100000 tons OF 1.75 per cent copper
ire.
Small pockets OF high,grade gold
re are being found In the lowest
OF the Dream mine, near y
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