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Show UNCOVER SECOND GOOD VEIN OF ORE AT MAGNOLIA MINE LIES THIRTY FEET FROM FIRST FIND; TO SOUND. EXTENT A second discovery of ore was made at the workings of the Magnolia Magnol-ia Lead mine, which, while it has not as yet caused the excitement occasioned occas-ioned by the one a month ago, is sufficient in size to almost rival the first big strike. The second ore body was uncovered early this week. The new fissure opened disclosed a vein of three feet of ore. The entire en-tire fissurization covers five feet of which the three feet is of solid mineral min-eral ore. This vein lies about thirty feet under and to the west side of the earlier strike, and is a find of much importance as the course of the vein lies in another direction. This gives cause to believe that the mineral min-eral wealth tying- under Magnolia holdings is as yet scarcely .scratched. In fact, the vertical shaft from which the stopes are being mined is only at a level of two hundred feet. The force at the mine is now repairing re-pairing a winze which will be used in prospecting- this new discovery deeper. The winze will go down fifty feet and develop the findings from that point. Then another shaft will be sunk down to where the ore can be most conveniently removed. There is always a force at the Mlagnolia which is engaged in locating loca-ting more ore on beyond, while the other half of the crew is removing ore previously located. A new ore bin has just been completed with a capacity of one hundred fifty tons. This bin makes the Magnolia mino as well equipped to handle a large ! output of ore as any mine in the dis- i trict. The ore body which is being mined is holding its own strong. The grade of ore removed seems to be getting i even better, with no signs of weakening. weak-ening. They are now on their third car which doubtless shall have been shipped by the end of the week. The ore goes to the smelters located up in the Salt Lake valley. Prospecting takes up as much time at the Magnolia as the actual removing remov-ing of ore. When questioned as to a slight drop in Magnolia stocks this week, Superintendent Nebeker was rather non-committal, beyond saying that the movement of stocks a few cents is of no importance as so many factors enter into their value on the market, such as the general move- i ment of stocks over the state, he mar- j ket value of the metal itself, and the, activities on' the eastern curbs. His I j chief work, he stated, was to continu- i ally keep a new body of ore in sight j i so as to assure dividends to stock- J holders over a long period of time He was more interested in relating that j the new find of lead and silver ore - Inv r ' a Mowitza shale, just as should have been expected, as this : shale is practically a sure-fire indi- j i cator. |