The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1912-09-14
New Management
N Charge Of Prince

Tue deal which has been pending
TOR sometime and involving con.
rolling interest i'll the Prince Con-
solidated mine has heen consum-
lated. The transaction was brought
to q close in Salt Lake last Thurs-
LAY and Immediately afterwards. AR.
~ Y. Smith left the Utah capital t.
assume the manager ent OF The
great property.
The new interests which are now
Identified with the tIince mine have
teen and are now actively lntesast-
&c In other mining cmpss II
this state--notably at Tonopah where
Ley developed the Montana Tonopah
u inc into one OF the dig bonanzas
e. the west.
1t is generally believed that Geo.
,.iugfield. the controlling head Of
the Goldfit Id Con. Is among tha
humber who hays t-st taken over
the Prince.
The control has been secnred from
the Godbe brothers VINO have been
identified with the Prince from its
inception and under whose direction
Il was developed into the Immense
proposition that 1t really Is.
The following interview with MT
Smith appeared In the Deseret News
OF last Thursday:'
1--WE expect" said DIR. Smith. TO
double the developed tonnage OF the
Prince Consolidated within three
months. There Is at present better
than 100000 tons Of ore actually
blocked out and by continuing the
drifts south and prosecuting the ore
body at intervals there Is every
reason to believe that this tonnage
can easily be doubled.
'In the further development OF the
property we will be taking out low
grade ore almost continuously IN
proving up the extent Of these big
low grade beAs. IT. addition to this
work OF de,.b IL. The tonnage OF
the low grade ore. some work will be
done on the fissure ore. which i
high grade, and In diamond drilling
to further explore the salphide beds.
These suiphide BEDS were located
BE- the diamond drill aGd found to
be 20 feet thick. It IL now our In
tention to make another drill hole
to intersect the assures under these
beds. This will be accomplished by
prosecuting the hanging wall Of the
main high grade fissure, nd athen
drilling 30 ~ to intersect the fissure
about 400 feet below. The result
OF this work will give US a better
understanding Of conditions Mt depth
Upon these results. to, great ez
Cent. win depend the location OF =
new three compartment shaft which
we Will stink. The location u this
shaft has not yet been decided as we
will have to take, into; consideration
what we find In the next drill
hole and also the developments in th
beds on which the high grade ore
makes away from the assures. Then
Also the shaft will be located where
the ore bins and possible extension
Of the railroad would be convenient.
The mining Of the low grade orc
will be done ~ shrinkage method
Raises viii be made from the $40
foot level to the surface and the ore
will be caved. The ground holds "
In excellent shape. There Is rie
OF bone that runs through the ore
body which will not be mined and
will be an ecxellant pillar. Undsl
this method Of ore extraction the tor
mage can be moved at an ecxsedinsh
low cost
" lille the development work I
beini done the hosting operations
will aot be interferred with since tn
old shaft win be used until suct
tim ess the new one VIII be com
ulesedp