White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1912-07-14

ting of the vein at the 1245 foot
level may mean a whole lot for the
western part of the district in gen.
eral and to the company in partic-
ular. Should the values warrant
tonnage could be stopped out be-
tween that level and the surface,
which would assure development
work on an extensive scale. The
company is in good financial condi-
ton, with about $4,000 cash on
hand, although the stock is quoted
at a lower figure than at any time
during the past two years, the pres
ent price placing the assets at about
$150,000. However, should either
the Emma or Matilda veins develop
the good values expected, the stock
would be sure to make a phenomenal
jump and undoubtedly reach ten
times its present value. AS a prop
osition to make some easy money in
stock speculation, 1t looks good.
Rich oxide ore was encountered
at the Giroux, this week, on the
Morris No. l claim, west of the rail-
road, and very near the surface. In
one of number of holes sunk from
20 to 80 feet apart, material was
taken out that had a general aver
age of Is per cent copper, while an
other hole showed II per cent. All
the holes show material of this class
of greater or lesser PERCENTAGE, with
cuprite stringers running from so to
70 per cent. The discovery of the
oxide was made above a body of
sulphide which had been extensive
ly developed from below and which
showed a general average value of
IL per cent. The carbonate ores
will be shot down through an up
raise made from the underground
workings, and hauled py trans to
the Morris shaft, and thence raised
to the surface. While the extent
of the new discovery is not fully
known, it Is generally estimated to
be from $50 to 200 feet in diameter
1t is expected that shipments from
the old Taylor dump will be made
to the smelter this week, upon the
completion of the loading platforms.
The Taylor ore is expected to aver
age from $500 to $4,000 per car
load. Another probability is an ear
ly shipment from the Old Glory
dump, which ore averages from
TO per cent copper content in the
form of oxides.
Work at the Smokey Development
tunnel is being rushed, and
the face of the tunnel is in nearly
100 feet. The hole must be extend
ed for another hundred feet, before
encountering the ore bodies dis
closed by the churn drilling opera
tions. The tunnel will cut the de-
posits at a vertical depth of 250 feet.
The Marion Mining and Milling
company Is to build a five stamp
mill at their property at Charleston,
near Jarbidge, and President Oscar
b. Madsen and Superintendent John
Beven have been in Salt Lake City
the past week, arranging for the
purchase of the plant. 1t is claim
ed there is s1S0,O0O worth of high
grade ore in sight, at the Marion
Mining and Milling property, and
the company may eventually in
crease the capacity to a ten stamp
mill, should developments warrant.
w. s. Enslow, head carpenter and
millwright at the eoncentrator at
MeGill for the past three years, and
who recently returned from an in
spection of the property at Charles
ton, leaves for that place again this
week, where he will superintend the
erection of the mill. and remain un-
til the plant is in successful opera
tion. Mr.. Enslow is one of the origi-
nal locators of the holdings control
led by the Marion company and
heavy stockholder.
BASE BALL TODAY