The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-12-28
SILVER PICK CON
4 REPORT ISSUED
Zadig and Company Inform
Those Interested of Pros
poets of Property.
ADJOlN BIG PRODUCER
New Shaft Located and the
Search for Mohawk Ores
IS Planned.
ADJOlN BIG PRODUCER

zadir e. Co. of san Francisco. the in
forests which have taken over 81 many
OF the involved Nevada mining proposi-
lions left over from tho Wild DAYS Of the
boom. bringing order and confidence to a
number OF mortorious companies have
Included the silver Pick property of
Colddcld on their list. The company has
issued q statement To stockholders. dated
December 81. IN which toe affairs OF inc
Iercsted may begin the year Thoroughly
familiar with all III" conditions. IN paTt
this statement follows:
Tnls property l. Iucated at Goldneid and
sdiuns thc property Of the Goldncld Con
solidatcd Mines company on the north
and west. The Silver Pick claims
cnd lin. tho Combination and
January claims of the Consolidated com
psny and side line the MonaUk Claims
of that company. All Of these have been
heavy producers Of very rich orc lnnsh
of which was found close 10 the boun-
dsrv line between the Goldheld Con-
soidatcd and the Silver Pick
Expect Mohawk Ores.
Th. only development work of any
extent done hv the old Silver Pick COM
pauy vas done before the ore mentioned
namely. on the Combination and Noha"k
cislns. Not having toe advantage OF
these orc discoveries az the time INC
work was not done IN the proper manner
and is OF little value. The objective
point OF the present operations Is the
southeast corner OF the silver PICK
The management has been advised ny
several competent mining engineers that
IL Is quite likely that the veins from
which rich ore was mined on tne Mo-
hawk and Combination will enter the
Silver Pick. These engineers arc IA
miliar with the vein system in qucs-
ton and the manage mcnt has determined
TO explore this portion OF the ground In
order TO ascertain the exact position OF
these veins
Tho first work 10 be done will he the
construction OF the company shaft. which
win be located about 250 feet westerly
from the east side line and 80 feet
uorthcrly from the south end Inc ot the
property, This shaft viii be raised 70
The surfnce from the 250-loot level OF the
Golden Pick lease and viii be two COM
pArtment. The hosting eduinment Is
now installed on this shaft; ready for
operation Tnis shaft will be approx
matelv $50 feet dcep. From the bottom
II lhe shaft drifts and crosscuis WIN be
run south and cast and VIII then follow
the boundary lines between the Mohawk
and Combination and the Silver Pick.
Chances Are Good
Il Is certain that there Is no undeyel-
oped pcrtiOn OF the Goldlicld district
which has 20 good chance Tor develop
ing orc with moderate amount OF Work.
We feel confident. IN our own minds mat
ore viii be encountered VIC have taken
pains TO secure all Of the Information
or this point possible. and we arc as
bv miners who have worked IN the ad-
Joining claims OF the Consolidated that II
Is an almost certainty that ore viii be
found Ia this portion OF the silver Pick
ground.
II mus, be borne In mind that the value
of ;he Silver Pick Consolidated stock Ia
not limited 20 the possibilities OF the
Go!dncld property. II also owns claim
unou which "A good grade OF milling ore
has been developed at this time. This
claim Is situated approximately six miles
from Horusilver and about twelve miles
from the Bonnie Clair mill. II is the
Intention Of the company. at later
date, TO further develop this property.
II sufficient milling ore can be opened
up arrangements viii be made for its
treatment. Several lodges have already
been uncovered and all carry values. ono
has been developed 10 a depth OF $50
fceJ. The orc is absolutely free milling
In character.
IN our opinion the assets OF this COM
pauy arc OF sufficient valnc TO make its
stock worth AZ least - cents Der share
lutrinsicaIlv. Each foot of DEVELOPMENT
accomplished will add 10 rnis value. We
are not expecting the public 10 have an
other nt or temporary INSANITY such As
if had in 1905 and 1907, but tho produc-
tion Of ore and the immense dividends
that are being paid b. the mines I:
awakening the interest In mining that II
deserves.
The purpose Of this letter IS not ,c
urge the purchase OF silver Pick Consoli
dated Mines company's stock. but 10 cal
Ing At ridCulously low figure, whcr
NC consider that IL Is located adjoining
property which has paid millions Of divi.
dcnds and the DEVELOPMENT Of which ha,
greatly enhanced the value OF the Silve'
Pick ground.