The Meeker herald., 1920-06-05
A Great Mining Property

issue OF the Eagle Valley Enterprise :
The past week has marked an I'M
portant epoch in the history OF the
Horse Mountain Mining 4 Milling
Corporation, organized u year ago to
develop the mining property OF the
Lady Belle group OF mines on Horse
mountain, seven miles southeast OF
Eagle. The company has during the
past week successfully installed pow
er drills at the mine, two mining en-
gineers OF note have been attracted
to the property and made thorough
examination of it's possibilities, and
on Monday the first annual meeting
of the stockholders was held in
Eagle and the work of the past year
reviewed and passed upon favorabiy.
Probably the most encouraging
event OF the week was the visit to the
mine of f. +. Gordon. field scout and
mining engineer of the Vanadium
Company Of America, representing
the Schwnb interests which control
the vanadium output Of the world
and who are combing the earth for
more vanadium. This company was
attracted to this property by reading
the report OF the presence Of vana-
dium in the Horse mountain ores in a
government bulletin, and Mr.. Cor
don was sent here by his people on
his return from n scouting trip to
China. Mr.. Gordon gave the proper
ty the most thorough sampling which
1t has ever had, as u result OF which
he expressed five or six hundred
pounds of samples to the company's
laboratories in Pennsyivanla to be
tested for vanadium. Previous tests
of the ore which he sampled have
run rs high Ms three per cent In vana-
dium, and Mr.. Gordon stated that II
the samples which he took run as
high as an average OF one-half of one
per cent it WAS the biggest vanadiuui
prospect In the country, and that the
Vanadium Company Of America
would go almost any limit to secure
the property. They recently bought
out the Primos Chemical company's
holdings In the Paradox valley for
four million dollars.
s. A. Knowles, an engineer repre-
sentins the American Continuous Re-
tort company, of Denver, was here
also for several days the past week
exporting the low grade ores Of the
properties and locating q possible
mill site. While he took samples OF
the milling ores In the mine, he rec
commended that one or two car loads
of ore be sent to their mill in Denver
which will be running by the first OF
July, for n thorough test. This com
pany erects mills on IA royalty basis,
and of course. does not 20 to the ex-
peuse Of putting up costly mills where
the ore does not justify 1t. Mr..
Knowles was delighted with the pros
pect Of what he saw on Horse noun
tain, and rs soon Ms their big Denver
separation mill is in operation his
advice will be followed and car load
samples sent there for u test run.
They claim by their process to be
able to save every value In any kind
of ore, at q minimum Of expense.
The stockholders meeting Of the
company was held In the board room
Of the First National bank Monday
morning. and large majority of the
outstanding stock WAS represented
either In person or by proxy, and the
meeting was held In perfect harmony
and the election Of officers and other
business transacted was performed in
perfect unity, the management Of the
property up to date having, on the
whole, proved very satisfactory. The
following board Of directors WAS elect
ed for the ensuingyear: J. o. Kempf,
John Welsh, OF Eagle; s. +. Cassidy.
of Salt Lake City; $. A. Mock, OF
Glenwood Springs; G. J. Shidier,
president Of the First National bank
Of Rifle. The report Of President J.
o. kempf on the work of the orgsni-
zation Of the company and the de-
velopment of the first year was very
encouraging and received the unan-
imous approval of the Stockholders.
The board OF directors is the same as
last year with the exception Of Mr..
Shideler, who was elected to the
place held by Alfred Miller of Glen
wood Springs.
In the afternoon the board met and
elected the following officers: J. q.
kempf. president; John Welsh, pres
ident OF the First National bank of
Eagle, vice president; $. T.. Cassidy.
secretary; $. A. Mock, treasurer and
general manager. On account Of poor
health Mfr. kempf retired as general
manager and those duties added to