White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1915-09-19

fourth the amount of its initial diyi-
dend. payable October first. The
Cardiff property is situated in what
is known as Big Cottonwood canyon.
while across the range and on the
far side of the canyon in Little Cot
tonwood is the South Hecla, another
company who in the short space of
about three months since the strik-
ing of their ore body have also placed
themselves in a position TO and will
probably pay a dividend shortly.
Where can one point to a district
with a better showing of delivered
goods than this? In between and
surrounding these proven mines are
located numerous other properties.
we'll financed, ably managed and all
prosecuting development work as
thoroughly and Systematically as has
been done in the two which have al
ready demonstrated their worth. 1t
is not reasonable to believe that all
the wealth in those hills is contained
within the boundaries OF South Hecla
and Cardiff. As a matter of fact. the
indications both on the surface and
brough TO light in the work already
done, show more strongly in some
that are still in the prospect stage
than was 10 be had on either of the
two mentioned above with a like
amount of work accomplished.
IN THE SOUTH HECLA two fine
bodies of ore have been opened up.
this in the face of the fact that a few
years ago engineers turned down that
side of the Alta camp. The company
itself has developed a body of ore.
which a year ago cleared the COM
pany of it's debt of SIS. 900 and al
lowed it to end the year with s11 900
in the bank. Since that time another
orebody has been developed in i'm
e proportions. Another equally
large orebody has been opened up by
leasers OF this property and they too
are sending out a large tonnage each
day. At present South Hecla is ship
ping 100 tons or more of ore. This
is all bringing a nice revenue to this
company. which has not more than
265 900 shares of stock issued.
AT THE ALBION, right alongside
Of the South Hecla. and developing
at depth from the latter's Quincy
tunnel, the Kate Hayes assure was
i, opened into a day or two ago. A
huge flow of water drove the miners
out. but not before samples of cop
per-lead-silver ore were secured that
all experts agree, insure Development
of a great mine in that company's
ground. We have recommended the
purchase of Albion all the way up
from 1Oc a share to 43c, the high
mark attained before the break caus-
ed by the New York curb raid on the
cath of last month, following which
the price was cut in two. The stock
Is now moving up again and, If ever
we were in RI about anything
and believed what we preached, il
was when we first began TO recon-
mend this stock TO our friends and
clients-and we believe in it more
than ever now. Buy 1t and hold IL.
no matter how the market behaves,
for a big mine Is located within Al
hon boundaries.
THE WASATCH MINES is one of
h largest mineralized territories in
the district. 1t is along the great ore
bearing assure system that has pro-
duced much of the wealth of the
camp of Alta; and there is much rea-
son to believe that within a small
depth much more of this ore can be
found. Alta has produced a wealth of
$22, 900 600 within 800 feet of the
surface. This mine is no exception.
II is known that below the water lev
ell there is an immense amount of
ore; but also there is a large amount
of ore in the oxidized zone. 1t is this
ore which Is being mined and
which has paid OF the company's in