The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-11-17
GOLD CHAIN WEAR
LARGE PRODUCTION
Manager Loose Gives Some
Interesting Details Of
Mine Conditions.
READY IN EVERY WAY
Recent Developments Have
Been Entirely in Keeping
With Mines Location.
READY IN EVERY WAY

General Manager c. L. Loose OF the
Gold Chain Mining company was in the
city Thursday from Provo for the first
time in two weeks. having been in the
east with Governor spry during the pre-
sentation OF the silver service To the
battleship Utah Colonel Loose always
has been positive Of the Gold Chain mine
and his conviction is all the stronger to-
day in view OF the mine developments or
the past few months.
The management is now working III
orc on three different levels, the 200, iVo
and 700 levels. ON the 300 the ore has
been followed along the trend now for
over 900 feet on the 400 level the man
agemeut has followed ore for zoo feet,
while on the 700 level. where operations
are just reaching the proper gait the
drifts have shown ore for 10 rect. ana
the ore still continues.
II is not an easy matter To gauge the
Loose believes the width Will range any
where from twenty 70 forty feet and
IL All is shipping grade rock. In raising.
for instance, in one place from the Eoo-
where the orc was not TO exceed four
feat in width In three or four sets IL
had widcned Ia over twelve feet and Is
continually widening Out. The ore Is go
ing down positively from the 200.
On Rich Ore Zone.
interested IN the Gold Chain have banked
on ever since the consolidation in the
location of the property on the zone that
has given 10 the world such producers as
The Keystone. Bullion Beck, Eureka Iiill.
Centennial Eureka, Mammoth and Grand
Central all having produced ore during
tho past ranging anywhere from $1,000
n0r to so. .OOO. 900 each or even more. The
Cold Chain property is not the tsiI-end
of this zone 10 the south either. for the
zone has been demonstrated 10 be high
~ useful in a dividend way from prop
critics still further Ia the south
Placing a very reasonable estimate OH
the future Gold Chain production. Col
oDel Loose believes at least $1,000, 00c
worth Of ore viii be taken out Of this
territory, one half OF which will be avail
able FOR tho stockholders. This figure,
however. doubtless VIII be exceeded and
% is used merely fov the purpose OF dem
onstratiuT ;het another producer and
dividend payer of the Tinuc district must
be considered from now on in the Gold
Chain.
The present year has been taken up
hy tho management In developing the
property and in cquipping II in manner
suitable 10 the future requirements All
this has been done aud the mine Is In
position pow TO produce a steady and
very largo tonnagc Of ore, Shipments
would he coming in Tar more abundant
y now were the sugar beet shipping sea
son over, which takes number OF cars
away for the time being from the mining
camps. Stockholders viii not have very
long 10 wait for the result period Of the
company. as things viii be turned wide |
open during 1912.
Grand Central Conditions.
Colonel Loose. when asked regarding |
the Grand Central company, said thDr ne
had not The opportunity IN visit the |
property since his return from the east
but from the reports submitted 10 him |
the mine WAS In q highly satisfactory |
condition. In spite OF the great amount |
OF work done In orc on the 200 and |
upper levels no adequate idea can as vet
he drawn 10 the extent OF the new
tonnage. but the mine certainly looked |
great
Asked about Grand Central dividends.
and told that the impression was gem |
craI TO the effect that the directors |
would resume payments next month. he |
replied that this was matter entirol: |
up 10 the directors for decision, but hc
could and would saN' that the mine and |
the company were both in position 10
resume dividends next month ii the Of
ficias deem IL timely. There is no |
doubt among the stockholders that div-
dend action viii he taken al the De-
cember directors session. should moth
Ing occur prior 10 the meeting which
would necessita,e further postpone
nent of such action