Weekly journal-miner., 1918-06-26
ORE BODY IS OPENED IN
 SILVER KING
VEIN RUNNING FROM 300 TO 1900 NCES IN SILVER IS TAPPED AND STOCK BEGINS TO DO FANCY AIR TRICK.
(From Saturdays Daily)

Authentic advices received ycster- day by the Coleman Brokerage Com-
 pany from Director Lawhon of the Silver King, who had just returned ! from the mine, show that the strike
 made few days ago is of sensa- i tional order.
 The vein which was tapped on the
 460-foot level, a short distance from the shaft, was crosscut for fifteen feet, and drift was run on the vein
 for 2 feet. It contains streaks car rying from 300 to as high as l,200
 ounces in silver, while the average
 content from wall to wall runs S6O "a ton. Large chunks of the ore
 brought back to Phoenix by Mir. Law
 hon carry wire silver and the man
 agement of the company is now
 puzzled whether to ship this high grade ore to Fl Paso or the Selby shelter in San Francisco.
 It is believed that this is a con
 tinuation of the vein which was opened up on the 200-foot level, but which was lost, having unquestion- ably faulted at that point. If this theory be correct the mine has 260 feet of ore now available for stoping.
 The news of the real value of the strike spread rapidly through the State yesterday morning and the
 stock which opened at 50 cents share, under the pressure of buying orders in New York, from Arizona, reached a high of S7H cents before the Curb session closed, It is be- lieved that the stock will touch Sl.50 on this move Orders Tor it aggregat ing over ll,000 shares went over the Logan & Bryan wire alone yesterday and probably as many more were sent East either over the E. r. Hut ton & Co. wire or by the Western Union.
 The late Major A. J. Doran was superintendent of the Silver King about 5 years ago when it was a great producer. Silver became so deprcciatcd in price that it became improbable to mine the low-gradc ore. The old company refused to- put up any more money to develop the property and Major Doran was wired to close 1t down. Being con Iidcnt that he was nearing a new orc body at that time, the major. to sat isfv his own curiosity, worked his force a few days longer, and hls judgment was confirmed in striking d larger and richer body of ore than had ever before been opened up. He bulk-hcadcd up the ore, covered it with waste, and the secret of its location remained with him to the day of his death. The mine was shut down until two years ago when d new company acquired the prop ertv. Major Doran who related the above facts to the writer, stated that the new company offered to pay him Sl GOO ii he would go to the mine and point out the location of the hid den treasure. He accepted the offer and was waiting in Prescott for the money to be sent to him when he was stricken with an illness which proved fatal.
 The old workings were abandoned by the present company after an at tempt to use them was found to be and the present discov- cry was made through a new shaft It is not improbable, however, that the present big strike is on the same vein that was opened by Major Doran in the old workings at greater depth. 1
 The Silver King is located in the Superior district, Pinal county. IL has quite number of stockholders in Yayapai county who purchased shares about two years ago at Sl.