The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1920-03-12
MINES AND NINIKC


New machinery Is being hauled to
the Tintic-Davis company property in
North Tintic district.
Development work at the Columbus
Rexall mine continues to meet with
encouraging conditions.
After doing considerable prospecting
at depth Of 400 feet in the l'lutuS
property the work Of sinking the winze
was resumed few days ago.
The future Of the RicO-Wellington
mine near Rico, Colo, at the present
time Is as bright as 1t has been at any
time In the history of the property.
A company drilling for oil near Oak
ley has struck flow Of about 100
inches Of arte>ian water. The COM
pany will continue to drill for oil at
lower levels.
Reflecting the seriousness of the
fuel oil situation, the geological survey
announces that the demand for crued
oil in January was about 4,75O,0OO bar
rels greater than in December.
Two shipments. of ore. recently sent
out from one of the blocks of ground
in the Gemini mine, Tintic district.
which Is being operated under lease,
brought net Smelter returns of $15,-
544.5O.
Canadian silver is being discouraged
at Minneapolis banks for the first time
in years. A 20 per cent discount on
all silver money from the Dominion
has been ordered by the Minneapolis
clearing house association.
Overdrilling has seriously cut down
the production of oil wells. in four Of
the new oil fields, among them Ranger
and Burkburnett, according to the
Lamp, the official publication of the
Standard Oil company of New Jersey.
The report of the Chino Copper COM
pany for the fourth quarter of 1919
shows net earnings of $49O,627, or at
the rate of 1924 per share per annum,
compared with earnings at the rate Of
$3.4S per share in the third quarter.
Further information regarding the
Treasure Hill strikes at American
Fork, Utah, is to the effect that ore
has been found in four places, opened
up during the winter, and 200 tons
worth $125 per ton are ready for haul
ing. .,a
Samples from an eighteen-inch vein
being followed by drift on the POca-
hontas property, situated seven miles
from Newfoundland on the Southern
Pacific railroad in BOXelder county,
Utah, assay in gold and silver values
from $40 to as high as $3.50 per ton.
Cherry Creek, Nevada, is making
spirited response to the recent improve
ment in the price of silver. Conserya-
tive mining men who have visited the
district during the past few months
are strongly impressed with the large
possibilities of the old producers, as
well as those mines working in virgin
territory.
Two rich streaks of ore are being
followed into virgin ground by upraises
from the lowest workings of the Rye
patch mine. The Ryepatch mine,
which is situated about two and half
miles from Ryepatch station, Nevada,
on the Southern Pacific, was in early
days one of the most productive mines
in Nevada.
Ray Consolidated Copper for the
three mnoths ending December 81, 1919,
reports total profits of $647 ,226, equiva.
lent to forty-One cents a share ON the
1,557,179 shares of stock. This com
pares with profits of 1892, 147, or fifty
nine cents share, in the third quarter,
and twenty-siX cents a share in the cor
responding quarter of 1918.
Twenty Tintic mines participated in
ore shipments last week which totaled
139 carloads as compared with 149
carloads for previous week. Chief
Consolidated, with thirty-one carloads;
Dragon Consolidated, with twenty-One
carloads; Iron Blossom, with sixteen
carloads, and Tintic Standard, with
fifteen carloads, head the list.
In the Eureka Climax mine at Eu-
reka, New, the Mabel l.. Tunnel, for
merly known as the Orange Tunnel,
has been put in good shape. The nee
essary timbering has been completed
and the rails laid. Driving in this
tunnel is now being pushed with all
possible vigOr towards the known ore |
body in the Deadbroke claim. Is
A dispatch from Nina, Nevada, says:
Assistant Postmistress A. 3. Crown |
over, who grubstaked J. Y. Anderson,
fairly gasped with pleas
ureable establishment when he handed |
her an assay sheet showing the returns
on picked sample of high grade sill
YER ore which ran 6239.44 ounces to the
ton. Ore Is being broken for shipment.
Austlns oldest mine has taken on
new life and promises to be one of the
biggest producers of the district, ac-
cording to the Nevada State Journal.
Abandoned for more than fifty years.
the old Spanish working of the Jack
Pot vein has been reopened and a