The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-01-22
GOOD SHOWING BY
THE GOLDEN REEF
An Old Property in Beaver
County Shows Great
Possibilities.
ELECT NEW DIRECTORS
Three Cars of Ore, Carrying
Good Values, Have Been
Shipped.

On January 10, 1912. the stockholders
OF the Golden Reef Mining company held
their annual mseiins. at Elsinorc. A
good represe ntation, in person and oy
proxy, was present. The board Of d.
rectors elected for the ensuing year Is
as follows: James a Ross, Joseph;
James William Sylvester. Elsinore' j..
II. Erickson, Richfleld; G. Nj. Madsen'
Gunnison; j. ". I've, John Armstrong
Ephraim; Willard Pehrson. Salt Lake
City. The officers chosen from this board
are: President James A Ross: wee
president j. w. I've: treasurer, JolTl
Armstrong: secretary, "iilard Iehtsoh'
says the SEWER Sun.
The report made by William Pehrson,
general manager Of the COMPANY, was
the stockholders. The work done Tor
1911 had chiefly TO do with drifts ana
upraises from the main SHAFT OF INC
mine and the property responded very
nicely to all the work performed ore
was encountered 'and worked In almost
continuously. out of which some very
good shipping orc was selected and q
large amount Of what might be termed
good milling ore.
The location OF the Golden Reef be-
ing about five miles north OF the famous
Horn Silver mine. near Frisco, in SeaNer
county. Utah, and from the fact that
so many Of the mines in that vicinity
are producers of silver ores. IT may be
surprising TO many TO learn that the
ores OF the Golden Reef mine carry gold
and lead Three cars OF orc which have
been, shipped contained values OF about nt
$40 In gold per ton and from 10 TO 20
per cent lead.
The company owns % claims and the
development work upon the group has
been going on steadily for about ten
years: but owing to the fact that prac-
tically all OF the money for develop
ment work had TO be raised by assess
ments upon the stock, the work there
| fore has been A triflc slow. But FOL
I the amount of money expended. 1t Is
! safe TO say that more genuine work has
been done upon the Golden Reef prop-
erty than upon any other property with
| like expenditure.
There is a tunnel driven in from the
| foot OF the hill westerly I'm the direction
If the upper vein q distance Of over
1900 feet' sod which; with the addition OF
| vein at depth Of about 500 feet, Al
the mouth OF this tunnel the lower weir
has been cross cut: showing, miner
some very rich ore has been taken. A
shaft has been sunk and Is now being
worked at the mouth Of the tunnel OF
| Of 226 feet, from which shaft Consid
| erablc drifting has been done. In AL
most every instance ore has been en-
! countered.
On the 18th day OF last December
| Willard Pehrson and J. II Erickson OBJ
tanned three years lease upon the
| Golden Reef holdings. which lease was
| ratified by the stockholders, by the
terms of which they agree to perform
| the annual assessment work required ant
! TO pay the company Is per cent royalty
of the net values OF all ores. extracted
| from the property. In addition TO this
| they have a similar lease from Charlie;
| e.: Christensen. OF Elsinore, on his SeEc
Lily claim, which Joins the Golden Rec
group Of holdings and on which n very
good showing OF ore appears from th'
| amount of work done
| 1t is the intention of the lessons {,
sink the main shaft down to a deptl
of at least 400 feet at which depth there
! is good reason TO believe that the or,
will be found more concentrated tina,
! 1t is above. Work will also progress
| In the tunnel with view OF tappinl
the upper vein as soon as possible. Witt
| good, systematic development work car
ricd oil. there is every reason to believ
| that ere long the Golden Reef mine viii
be one OF the largest producers il
Beaver county.