The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-03-08
ONE MORE IDAHO
PROFIT GARNER
Pittsburg-ldahO Company Will
Join Dividend Payers Be-
fore March Ends.
MINE HOLDS, RICH
TONNAGE LEAD ORE
Extensive Plans Perfected for
Increasing the Output OF
the Property.

Salt Lake shareholders of the Pitts
burg Idaho mining company were made
happy on Tuesday by the announcement
OF President a. 5. Ross TO the effect tha'
the organization would be established on
a dividend basis on March To- Inc
amount has not yet been stated. hu'
President Ross said that with the new
development work under way and the new
machinery now TO be installed the pro-
duction of ore win be increased to such
an extent that the dividend rate Will be
increased AS well in short time
The Pitssburg Idaho company owns
and operates the Gilmore mine OF Idaho,
and since July l. 1910. total OF u;
600 tons have been shipped to the, Salt
Lake smeters. This ore averaged 80
per cent lead and one-half ounce silver
for each unit OF lead. with small gold
values also. Shipments are being made
at the rate of 100 to 125 tons daily,
and there is fine tonnage on which to
draw for the market
Mr. Ross said Tuesday that II is doubt
full il there is another mine In the coun-
try with a shipment record OF this prop
erty. There has not been over 20 tons
of ore extracted and rejected. the mine
run being valued at the above figures.
Has Two Veins.
The property is developed now to the
fifth level. There are two veins on the
property known as the east and west
veins, The west vein on the too,foot
length, all on ore ranging from TO 30
feet in width. the general average width
being IL feet. The ore from grassroots
the only change being that the ore wild
ems with depth. This latter item con-
vinees the management that at the 800
level there will be found a still greater
extent OF the resources.
Several weeks ago the property was
visited by President Ross and Maurice NJ.
Johnson. and the latter made an ex-
haustive examinatio OF this and other
advised an important and extensive cam
paign of development for practically the
entire district.
The Pittsburg-Idaho company plans to
extend its new tunnel. now in some 500
feet to a point 1900 feet north OF the
present main workings. as the vein eX-
tends to and beyond that point. This
will open ore fully 500 feet vertically be-
low the apex. and should result in a new
mine for the company. The Latest Ont
company. adjoining the Pittsburg- Idaho.
mel for the purpose of bringing its ores
out for shipment. and a material saving
In the cost OF extraction win thus be
possible for this company.
Free From Debt
new mining equipment Will be in
stalled by the Pitssburg- Idaho company
on Its 400 level and the work continued
TO better depth.
The COMPANY is free from debt and
all encumbrances," said President Ross,
Tuesday. I'VE have ideal transportation
and development facilities. and are In
splendid shape for production. l believe
the Gilmore district Is one of the most
thoroughly mineraliZed sections of the
country There is very large tonnage
o: lower grade ore in the camp. and
IL the efforts now being made result
successfully the mine owners will secure
rate from the railroad company which
allow In AZ
tonnage direct to the smelters instead
OF compelling them to install milling
plants"
He added that adjoining the mine is
the Allie property In which a very large
tonnage OF low grade gold ore is blocked
out A car OF this ore was sent TO the
local market not long ago and there are
from 10000 TO $4,000 tons OF rock ready
TO be shipped in case the rates sought
are secured: Mr.. Ross is now residing In
Pittsburs. formerly living IN Idaho.