The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-05-02
NUMEROUS VEINS
OF PORCUP|NE
No One Property Has the Mon
Opoly Upon the Veins
of Camp.
ANOTHER RAND IS
NOW IN THE MAKING
Hollinger Group Shows the
Most Ore Developed at
Present Time.

A statement has been issued by
Thompson, Towle & Co, in which an en- en-,
gineer connected WIN fn1,onni many H''h"'s
II was intensely interested In the de :,
velopments in the Porcupine camp anu
/ can see how there Is going 10 pe
tremendous speculation as result OF
the wonderful finds now being made IN
the district. Mr.. Moreing q Berwick,
Moreing G Co, the big London mining
operators who have taken options on
fifty-one outside Timmins claims, under
an agreement TO spend 100000 In devc!-
opment work within certain period,
preliminary TO purchase OF the Propet'ies eS
at option figures, made statement at
a big dinner given by some OF the can
adan capitalists that he believed that
within ten years the Porcuplne district
would be producing more gold than inc
Rand of South Africa. This was rather
a startling statement. but is an indica-
ton OF what the London MINING 6eu inter- r.
all getting in there fast.
Banner Property.
''Of course the Hollinger property Is
the best developed. On the 100-foot level
the Hollinser has drifted for 1850 feet
had to take their statements as TO what
II run. but they told me $40 per ton
and ] have no reason 10 doubt IT, 1udg-
ing from the character OF the ore; Ihey y
level and have drifted on the 2o0-foot
level something like sixty or seventy
feet and the vein there is ten feet wide
and runs as high as 500 per Ton; al
though IL will not average as high as
that The Hollinger has made cross
section OF It's property running cross
vein and in this crosscut they run
through twenty-five feet OF low grade
ore averaging sll per ton and another
stretch OF 30 feet OF ore that averages
SIT per ton and then run into mar
row vein which averaged over 500 per
ton. This will give some slight idea
Of this very wonderful property. and
when the excitement breaks loose !
would not be surprised TO see Hollinger
sell at s25 or $50 per share.
The Doms is also very wonderIuI nhni
500 feet long and $50 feet wide that
averages $l1 so per ton, and this is based
on careful sampiing with a one-stamp
mill. They are now planning TO erect
builder To save 90 per cent Of the values
1 was also informed that they plan to
steam shovel this ore, as there is an
overhurden of only about twelve feet
! had very reliable Information that they
had diamond drill down to a depth OF
6i9 feet and that II showed gold all the
way down
of irresponsible statements and boom
talk about the camp. but this will not
be surprising considering the prices that
ranging all the way 'from 100000 TO
$500. 600 arc being paid for properties
upon which there has really been no de-
velopment work done. Well-located ter
ritory does not seem 10 cut much figure
IN the district In one part OF the
camp the veins run east and west and
in another part they run north and south
and in still another section northeast
and southwest. There does not seem 10
be any regularity whatever and gold is
being found az different points over n
district ten miles wide by thirty miles
long.
The railroad will be in by July
and then ! expect TO see n great rush
of people into the camp and the stories
they will bring out will start the spec
ulative sentiment. That is when 7 think
we arc going 10 get the big speculative
boon, -