The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-01-19
ELY CONSOLIDATED
PLEASES MANAGER
Recent Developments in the
zack Shaft Very En-
cOlraging.
CUT P0RPHYRY ORE
IN LONG CR0SSCUT
Officials Have No IntimatiOn
of RumOred COnsOIi-
datiOn.

s. NJ. Levy. president of the Ely Con
sol!dated Mining company. has returned
from one OF his regular visits OF inspec'
ton 10 the mines at Ely, and is wei
satisfied with conditions as he found
them there. and with the Improvement In
! developments since bis previous visit,
7 what ! consider a most important de-
Felopmcnt. said MIR. Levy Tuesday aft
Srnoon in speaking of his visit. has tu
Ken place IN the workings off the Zacli
SHAFT. where our working forces have
encountered the porphyry ores charac-
teriStic OF tho Robinson district, tho
same as have been developed in "A num-
Der Of the larger properties OF the sec
ion. The crosscut on the i00-foot level
has been I'm the formation Tor twenty
feet, the face still showing as strong as
ever. and VIC have also accomplished
some sixty feet of drifting on the de-
post. This, TO my mind. is the most I'M
portant discovery made I'm the property
for a long time.
Tho ore gives returns In copper of from
20 per cent TO as high as 80 per cent.
the greater values. however. coming in
smaller punches OF orc. so that tho aver
age values are thereby materially in
creased. In the American shaft also.
Mr.. Levy states. tho showing is very
encouraging. the west drift sim being In
the ore. with no Indications that II VIII
pinch out. II is of shipping quality.
VIII Sink Deeper.
The recent developments In the Iack
shaft have been OF such promising ma
ture that it has been decided 10 con-
unue, a little later the shaft down
through the Sulphidc beds. the manage
ment feeling assured that such action
is now warranted by the showings above.
III was intended TO explore the region
al depth by means of a churn drill
which would have been operated through
Inc manway OF the shaft, but as the re-
suits of this work would doubtless make
the sinking of the shaft advisable any
way, the company has decided. in view of
later developments to send the shaft
down and save, the expense OF churn-
drilling.
No Consolidation.
that the Ely Consolidated people were
planning 10 consolidate with number
OF other properties in the district i'll the
near future but 10 this talk Mr.. Levy
paws no heed. stating that what discus |
sion there has been OF such n PROPOSE
tion has been indulged in only by parties |
who have no moral or financial interests |
in Ely Consolidated.
OF this question Mr.. Levy said: mo |
official proposition has ever been put TO |
the company looking toward a merger |
and so far as j know. none OF the Of !
ficors or directors OF the company has |
been approached personally in the mat
ter.
THE Fly Consolidated is going ahead
on an independent basis. and Is I'm a po-
sition to maintain It's indiyiduality No
merger with other interests is needed
10 show That the property Is good. or
that Il Will be big producer. We have
y mine-sevcral of them iB fact and
tho financial condition Of the company is
good. ] can't see where a merger, with
the Ely Consolidated possibly getting the
small end. would be Of benefit 10 the
so far as | know either officially or
personally. there is no basis Tor any
merger talk in which this company is
mentioned as possible party"