The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-01-30

alleled the Cottonwood fault. Some two
miles west from the SEWER escarpment
another fault runs north and south across
Cottonwood, and extends we'll on toward
the south and Is known as the Park fault
The large block of the earth's crust
known as Gold hill, about two miles long
east and west by one mile wide, with
the axis OF disturbance under the crest
OF Gold mill, was tilted over to the south
with the result that the quartzite lime
stone contact stands nearly vertical as
against a nearly bedded contact at the
Deer Trail.
Was Under Ocean,
At the time OF the faulting and fitting
Gold hill was under the ocean. 4 bed OF
limestone. about 100 feet thick, was laid
down on the contact, thus forming cap
ping on the upturned strata. Subse-
quently Dorphyry was forced up within
the contact and formed a dyke about
two miles long, easterly and westerly,
and which overfowed to the north and
on the north and one on the south. The
dyke now appears as a narrow belt Of
porphyry on the crest Of the spur. and
is marked along its course by low volcanic
vents or cones. Wherever opened on the
north side the porphyry and limestone are
found in an intensely altered condition.
the former varying in color from orange
to almost white; while the limestone
except for the slicious content, is more
Ike chalk than any other substance.
1nose conditions appeal TO every min
Ing man OF intelligence as being Ideal for
the presence and permanency of ore-ln
fact, they have never failed in this west
ern region
Soon after the discovery Of the Deer
located the Monte del Rey group on the
east end OF Gold hill. and extracted about
$1,000 In ore. much Of which ran better
than $4,000 per ton in free, gold and ma
tive SILVER The orc was given away and
stolen Subsequently novices In mining
made an attempt TO open the property.
A shipment Of high grade. accompanied
by one or second grade. was made to
Salt Lake and averaged about $3.50 per
ton. The novices became entangled In
the maze of dips. spurs. angles and varl-
ations and ceased work, few years
later scents per share company was
organized. Its pressing demand for ship
ping ore was such that the mistakes OF
Its predecessors were duplicated. No seri-
Gus effort was made to reach the vertical
contacts. and eleven years have elapsed
without a tap being struck on that once
famous group.
Results Are Encouraging.
Over distance OF two miles along the
dyke the ground has been opened at shall
low depths, and in nearly every instance
with most encouraging results. Recently
an option on seven patented lode claims
and patented milsite was obtained from
the final owner Of the Monte del Rey
group. The option calls for payment only
whenever IL may be made from dividends
eerived from the orc. and gives to those
holding the option indefinite time In which
to earn the dividends.
With the option as a basis company
was organized In Salt Lake City and
which is unique in every respect. The
capital stock is divided into $4,000 shares
OF the par value OF 81 per share. every
one OF which is in the treasury. and each
subscriber TO the shares Is equally inter
ested. according to the amount subscribed
In the entire capital stock. Three thou
sand shares are being sold on monthly
inetallInents. With the small sum thus
derived tunnel is to he driven into
the north contact and its value deter
mined And by every law OF geology. as
applied TO mining. the venture should be
splendid success.
The personnel OF the directorate of the
Monte del Rey Exploration company Is w
@. Rnmnev. president: J. A. Headlund
vice president; ]. Q. Ryan. secretary: w
~; Mathis, treasurer, and Walker
o'I<ouEhIin, director. With unwaverinS
confidence In the old Gold hill properly
rnnnp Of the old shar~hoders are AIDING