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

TIE deal which has been pending
fyr sometime and involving con-
trolling interest in the Prince Con
solidated mine has been consuin-
.lated. The transaction was brought
10 Z close In Salt Lake last. Thurs
lay and Immediately afterwards. Ar,
4. Y. Smith left the Utah capital t.
assume the managen ent OF The
treat property.
The new in,ereats which are now
identified with the Prince mine have
teen and are now actively interest
Cd In other minning cmpas IN
this stste-notably at Tonopah where
t.,ey developed tae Montans- Tonopah
nins into one OK the big bonansas
g. the west.
It Is generally believed that Geo.
vlugfield. the controlling hsad OF
the Goidfit Id Con-. IS among The
lumber who hav., is. taken over
Ele Prince.
The control has been secured tron
the Godbs brothers Who haze been
identified with the Prince from III
inception and under whose direction
i was developed into the immense
proposition that 1t really IA.
The following interview with Mir
Smith appeared in the Deseret News
Of last Thursday: ~
1--WE expect" said Mr.. Smith. 10
double the developed ,Jnnage OF the
Prince Conso idated within three
months. There Ia at present better
than 100000 tons Ut ore actually
blocked out and by continuing the
drifts south and prosecuting the ore
body At intervals there IN every
reason to believe that this tonnage
can easily be doubled.
I'm the further development OF the
property We will be king out low
grade ore almost continuously IN
pro, ing up the extent of these big
low grade beds. In addition to this
work Of d.sb j. :. the tonnage OF
the .ow grade ore. some work will be
done on the fissure ore. which Il;
high grade, aud In ediausond drilling
to further explore the salphide beds.
These sulphide beds were located
hyf the diamond drill AID found to
be 20 feet thick. II !s now our In
tention to make another drill hole
70 intersect the fissures under these
bells. This will be accomplished by
cross-cutting the hanging wall OF the
main high grade fissure nd athe1
drilling so as to intersoct the fissurt
about 400 feet below. The resal'
Of this work will give US bettei
understanding Of conditions At depth
Upon these results. to great ex
Cent. will depend the location OF q
new three compartment shaft which
we will sink. The location of this
shaft has not yet been decided as W.
will have to take into consideration
what we find In the next drill
hole and also the developments In tb
beds on which the high grade or
makes away from the fissurea. Thes
elso the shaft will be located wher'
the ore bins and a possible extension
Of the raj road would be convenient.
The mining Of the low grade or
will be done by a shrinkage method
Raises will be made from the 24'
foot level to the surface and the or
will be caved. The ground holds N
In excellent shape. There is ri
Of bone that runs through the or
body which will not be mined an
will be an ecxellant pillar. Unds
this method Of ore extraction the tor
mage can be moved At an ecxeedingt
low cost
" hile the development work
bein, done the hoisting operation
will lot be interferred with since th
old shaft win be used until sue
tim esa the new one will be cou
pleted."