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Show dCwirfbiBEMUB 'I Published Every Saturday BY GOODWIN'S WEEKLY PUBLISHING CO.p INC. A. W. RAYBOULD, Business Manager SUBSCRIPTION PRICE: Including postage in the United States, Canada and Mexico, $250 per year, so for six months. Subscriptions to all foreign countries, within the Postal Jon, Dinner t Lake $4.50 per year. or ii- - ld the exceedingly modest capitalization of $500,000, what best mining talent in Utah agrees is the most promising consoli-tio- n of gold properties, since the organization of the Goldfield imsolidated Mines Company in 1906, was effected early this week The event is fraught with meaning. Salt Lake City. The Idaho Gold Corporation, just formed with a capitalization f $500,000, has purchased the Vishnu, Mountain Goat and adjoining old mining properties at Rocky Bar, Elmore County, Idaho, historic roducers of many millions Half a century ago, forming a compact roup of more than 500 acres. According to official report, the prop-rt- y is continuous over, and covers, a high-grad- e gold belt two miles In addition, the company has ?ng and about half a mile wide. miles of placer Gained undivided ownership of two and one-ha- lf jound, immediately contiguous to the main. workings of its Vishnu ad Mountain Goat properties. The Vishnu and Mountain Goat mines boast of a production ecord, from .the early 60s to the middle 80s, of about $5,000,000 gold ore which, according to the United States governed geological records, averaged around $80 per ton. The Vishnu and Mountain Goat groups of claims also sideline d endline the famous Ida Elmore and Ada Elmore, two single mining claims, which, in the same early period, produced $5,000,000 worth jf gold ore, also averaging around $80 per ton, according to government records. The Vishnu and Mountain Goat groups consist of twenty-seve- n iode mining claims. The Idaho Gold Corporation owns complete title to of these, there being no indebtedness whatsoever on twenty-si- x any of the acreage with the exception of a single detached claim which had been basis when it was purchased for $5,000 on a long-tim- e turned over to the company. The company also owns outright, free of any indebtedness, its too and one-ha- lf miles of placer ground and important water rights, covering all company purposes. A recent examination made of all the properties by a well-knogold mine expert, in the employ of the Idaho Gold Corporation, revealed the fact that only a small part of the Vishnu had been roined and in an unmincrlike way, to an average shallow depth of css than 250 feet, and that a series of veins which had produced, 40 to 50 gold years ago, in the neighborhood of $3,000,000 in high-grad- e ore from the surface to this depth, undoubtedly converged at a point atout 200 feet below the present tunnel level. He estimated that 200 ,eet of shaft sinking would, no doubt, enable the company to reach a point where these rich producing veins formed a junction. There appears to be no question, judging from this experts report and that of others, that the Vishnu has as yet been hardly scratched. The indications arc said to be not only favorable for high-gra- it ill r---f , 8lngle copies, 10 cents. Payments should be made by Check, Money Order or Registered Letter, payable to The Citizen. Address all communications to The Citizen. Entered as second-clas- s matter, June 21, 1919, at the Postoffice at 8alt Lake City, Utah, under the Act of March 3, 1879. Ness Bldg. 8alt Lake City, Utah. Phone Wasatch 5409 - 311-12-- 13 NEWLY FORMED IDAHO GOLD CORPORATION POINTS THE WA Y Under tic 'yr de wn highly important production at greater depth but it is apparent that completely undeveloped adjoining ground, covering a distance of fully 5,000 feet and in all probability carrying the extension of this vein system, should for a considerable distance also prove highly productive. Indeed, there appears to be no question at all with regard to the extension of the rich vein system into this adjacent territory. The maps show that within a few hundred feet to the south of the Vishnu workings are the Ida Elmore and Ada Elmore mines. These have a gold production record of fully $5,000,000. The Elmore vein system strikes in a northeasterly direction and trend directly through the acreage owned by the Idaho Gold Corporation. The indications, according to best expert opinion, favor the idea that the extension of the Elmore vein system will, on further development, be opened up in Idaho Gold Corporation ground. The Idaho Gold Corporations acreage almost surrounds the two Elmore claims on three sides and there are no geological indications which would favor a determination that the veins are cut off or faulted within Elmore territory. Mineral Resources West of the Rocky Mountains, published in 1874, by the U. S. Geological Survey, sets forth that the course of the Elmore vein is northeast and southwest. Adjoining the Ida Elmore claim on the northeast are situated the Idaho Gold Corporations Ontario and Neptune No. 3 claims, and adjoining the Ada Elmore claim on the southwest are the Idaho Gold Corporations Deer Trail and Lost Indian claims. According to the government record referred to, the Elmore, feet wide, A solid vein of ore two and one-ha- lf in 1874, showed: consisting of hard, bluish quartz with some iron pyrite finely intermixed, and plenty of free gold visible to the naked eye. A large amount of ore has been mined, the report continues, which has STAMP MILL, from $80 to $100 a yielded IN A SECOND-RAT- E ton. When this government monograph was written, back in 1874, the mine was being operated at great disadvantage, the nearest railroad connection being at Walla Walla to the north, a distance of about 700 miles. Wagon haul from Walla Walla to Rocky Bar cost in those days, it is said, a dollar per pound. Mining apparatus and equipment were then of the crudest kind and the cost of mining supplies laid down in Rocky Bar was prohibitive. Wages were high and the cost and hardships of subsistence, in the- Idaho wilderness of that day, almost unbelievable. Today the mine is within 60 miles of a transcontinental railroad trunk line, and freight from the nearest railroad station at Mountain Home, Idaho, to Rocky Bar, costs 75 cents per hundred pounds. The government record already referred to describes the Idaho In close proximity to the Gold Corporations Vishnu mine thus: - |