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Show Milford copper's outlook is bright The famous Montreal mine at Milford, Mil-ford, a property once owned by the old Glasgow & Western Exploration company, will be developed on extensive ex-tensive scale by the newly formed Milford Copper company, incorporated incorpor-ated for 500,000 Bhares of the par value of $1. The property, which has been taken ta-ken over under a lease and bond, has been under development for the past year under the direction of Alfred Frank of Salt Lake, H. A. Frank"and John MacGinniss of Butte. There are 300 acres of ground and the mine is a gigantic low-grade copper cop-per proposition, the ores running high in iron and low in silica. During Dur-ing the year past and previous to the formation of the company shipments aggregating 12,000 tons were made, the product, afterdeducting all expenses ex-penses of every form, netting the operators op-erators from $4 to $5 per ton. Near the breast of the tunnel, now in about 1100 feet, the operators have sunk a winze which gave such favorable showing of higher values that they thereafter sunk a shaft to a depth of 100 feet, finding the values val-ues of the copper going up to 3 per cent. From this shaft the crosscut cross-cut is now being driven. The property ia now shipping seventy-five tons of ore per day, and this output will be virtually doubled as soon as weather conditions permit the construction of a spur from the loading station at Hickory switch to the mine property, a distance of 2000 feet. |