Show GOLDEN REEF MINING NEWS a vt s excellent I 1 0 nes found in the g H M en oi new shaft be sunk following an aa experts i e and values are encountered the owners of the stock in the golden reef mining company in this vicinity will be pleased to read the following from the hera herald id republican I 1 can of last friday in an district located five miles north of arisco in bearer county the golden reef mining company has quietly been doing a lot of development wet work k d during aring the past few years the property embraces 27 claims or over acres of promising ground ahe workings to date aggregate between 2500 and feet mostly tunneling one tunnel has penetrated the porphyry limestone formation ore has been encountered in several P places aces and a number dumber of carloads have been shipped one car netting in one place an 80 foot ledge was cut Larr carrying ving values from a few cents up to 20 a ton lead ure ore running from 25 to 75 per cent has been found an unusual feature of fihs ore being that in place of the usual silver the lead gold takes its place with scarcely a trace of silver found in any of the golden reef ores the gold fold runs from a few dollar up to several hundred to the top the foot vein was foun d feet from the mouth of the we st at tunnel some time ago an examined the golden reef ground he advised that in all probability this trong strong prop byry vein dipped toward the east and to prospect it at a greater depth a shaft abaft should be sunk on the hill some feet below the mouth of 0 he tunnel this la is now being done and the advice of the expert has aheady been proven well founded the new shaft is now down 65 feet and has penetrated the ore bearing porphyry sufficient work has not been yet done in this shaft to determine exactly the nature of the find but from every indication a big body boda of fine concentrating ore is being prospected the golden reef territory is only fie miles directly north of the great horne home silver mine and three miles west of some of the best producers in the star district the company is incorporated for shares the stock being owned principally by seiler seier and sanpete county residents D W woodard or of elsinore Elsi noro is president and willard pherson of salt lake is secretary |