The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-07
REASON FOR MAY
DAY MOVEMENT
Reporter Learns That
Low Grade Ores May Be
Marketed.
SIOUX HAS FOUND
FISSURE AT DEPTH
Gold Chain Company Nears
Completion of Hard Task
at Property.
he following Interesting Tintic Items

The following interesting Tintic Items
are culed from the Eureka Reporter:
The May Day stock has been much
stronger upon the exchange during the
past few days and this has caused the
circulation of a report TO the effect that
the mine has made a smelter contract
which will admit OF heavy shipments of
the lowe, lower grade ores; The May Day has
blocked out underground and with de-
sirable smelling contract the mine Will be
IN position to earn considerable money.
We are unable to verify the report that
such contract has been made but the
strength which the stock has displayed
leads TO the belief that there is to be
something doing at this mine.
The work OF cutting out and timber
ing the shaft of the Gold Chain between
the tunnel level and the surface Will be
finished within the next couple of days.
dent Wetterstrom will put force at
work upon the foundation for the new
hoisting engine All OF the new ma;
require about thirty days to Install II
and put 1t In running order
The carpenters are now putting the
finishing touches on the new office build
Ing and carepnter shop and will soon be
ready 10 start on the ore house. The
ore house will be located upon the rail-
road spur which has just been completed
away with the hauling OF ore by team.
the mines output being dumped directly
into the ore bins from which the rail-,
road cars will be loaded Underground
conditions remain about the same at the
Gold Chain but the work which is going
on is increasing the ore reserves OF the
mine.
The drift upon the. 600 level OF the
Sioux Consolidated mine this week cut
the flssure which led TO the ore upon
the level above, but superintendent w, d,
100 feet of drifting to take the face OF
this drift TO a point beneath the cave
which was encountered from the $50
level. The drift will be pushed on until
II reaches a point almost directly below
the cave and there are reasons to be-
lleve that the ore Will extend to the 900
low this cave the management will also
prospect the fissure upon the 500 and at
the point where II was cut this week
there are splendid indications OF ore
During the month of July the Uncle
Sam mine was upon the market with
twenty-five carloads of ore notwith-
standing the fact that the Independence
day vacation at the mine reduced the
number Of working days for the month
to twenty -four. The ore now being
mined is of a very high grade and with
mine is undoubtedly earning great deal
more money than is needed to meet the
regular quarterly dividend
John Roundy and MonG,s Joseph M,ssdi,T Mnrsd
for the purpose of looking after their in
terests Before leaving on Tuesday
afternoon MIR. ROundy stated tnal ne IL
| trying to make arrangements for an eX-
! tensive campaign Of development work
upon the North Colorado property In the
| North Tintic district, A deal which is
| now pending may result In the sale of a
large block OF the treasury stock ano
| this would mean the deye eopment OF the
| ground without the leyying OF assess
| ments Mr.. Roundy has great deal OF
faith In the ground and Is anxious &c
sink a shaft TO A depth OF 300 or 4o'
/ feet
Ever since the first Of July the Utaf
| Consolidated people have been following
cross fissure which was cut by the
north drift upon the 200 level and re
ports from the property this week are
highly encouraging. The showing heats
! ANYTHING that the Utah has had In thu
past two years and mining men who have
| examined the property feel confident tina
this fissure Will carry the ore although
II may take little work TO locate th'
pay dirt. The drift has already FOL
lowed the cross fissure for distance O
about 10 feet and the ground Is highl!
mineralized.
James Larson was in from the Eure
ka Comstock property In North Tint
the other day and states that he ts nov
putting the whim, which was recentl'
hauled out TO the property. In RUNNING
order and that he expects to resum
sinking within a very short time.
The showing In the shaft al its presen
depth leads the officials OF the compan,
10 believe that the next hundred feet Wi
he sufficient TO open the ore,