Elko independent. [volume] (Elko, Nev.) 1915-current, 1915-07-16
18TH OF JUNE NO
ORE IN SIGHT
Then the Owners Extend Lease On
the Sweepstakes Anothr
Six Months

Sunday Mr.. Hesson and Mr.. Hylton
expect to go out to Bullion to see the
new strike in the Sweepstakes tun-
mel. Mr.. Hylton is coming in Satur-
day evening in his car from his
ranch.
It was in 1902 when they with Sen
ator Hunter acquired the Sweepstakes
money in development work in the
thirteen years that have passed since
that time.
And now they are about to get 1t all
back in a lump sum. Twenty thous-
and dollars is due them on the bond
the 26th Of December. They sell the
mine for fifty thousand dollars. In
addition each of the owners has twen-
ty thousand dollars of stock in the
Sweepstakes company.
A year ago this coming September
Mr.. McConaghy was working in the
upper levels of the Sweepstakes. He
had sunk a shaft So feet and had
drifted on the ledge SO feet and had
opened up a fair sized ore body. He
shipped seven cars of ore that ran
about thirty dollars ton at the price
copper was then selling.
The McConaghy lease was about to
expire and the Sweepstakes company
wanted to renew it. They saw that
they would have to get deeper If they
expected to open up a mine.
The chief stockholders in the Sweep,
stakes are four Iowa men living in
Sioux City. Two are bankers, one is a
merchant and the other farmer.
Mr.. Hesson made n trip to New York
in September. He was to meet these
stockholders in Chicago but found a
telegram awaiting him at his hotel
saying they couldn't keep the appoint,
ment. 1t looked as If the deal was off,
but they asked him to stop and see
them in Omaha on his way back.
When they met Mr.. Hesson told
them that if they would put up seven
thousand dollars to run the upper tun,
mel into the ledge he would extend the
lease to the Goth of June, 1915. They
accepted and Mr.. Hesson brought
back with him $4,000 of this sum to
start the work.
The 26th of June came around and
still the tunnel had not reached the
ore chute. 1t was very near 1t, how,
ever. 1t was following the contact
and several times pockets of high
grade ore had been struck.
When Mr.. Hesson was last out to
the mine they had struck water In
the tunnel. This looked good for II
showed that they were getting down
to the sulphide zone below the water
level.
The upper tunnel had been run by
the owners 900 feet. The survey show.
ed that 300 feet more should put them
under the ore chute disclosed in the
shaft above
McConaghy had run the 300 feet and
1t was the 26th Of June and still there
was no ore chute.
So the owners renewed the lease an
other six months. And then in less
than two weeks the strike Of FIVE feet
OF ore carrying eight per cent copper
and ten dollars in gold and silver was
made.
The tunnel struck the ore body at an
angle of about fifteen or twenty de
grees. 1t will now follow in on the
ore chute.
The lower tunnel Is II about 800
feet. II has about 700 feet yet to 20
to cut the vein. This will open up
the mine still 300 feet lower than the
upper tunnel and give more than zoe
feet OF stopping ground.
Now that the mine has been proved
up in the upper tunnel no doubt the
sweepstakes company will rush work
on this second tunnel.
Eight per cent copper ore is rich
flnd even without the gold and silver
Every one connected with the proper
ty Is much elated over the strike. II
means renewed life for the camp oI
Bullion.