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Show UTAH .MINING COJIPANIKS IN-LONDON. IN-LONDON. The following paragraphs we clip the following from the Mining orl ' of Oct ibcr '21: ('AMI' I'(.OVI) SILVER MININM. i Capital I),ihiiU, in lL',000 .shares 1 of in, Tliis company is formed for .Ka ,1,.,,,-,,fJ,),im.llnii,1r;,1(l work-in? certain mining elaims Kilualed on tho i "Mormon Cliiof" lode in Camp Floyd j district, of U tub. The subscriber who 1 tako one hhare each) aro Ohailes Na pier Start, 01 St. James's Street; T. (!. Mundey, Ujtpcr 'fooling; James Popo Kitchen; .lonn liatters, Hill i llou-e, Stanstead; Henry Gutierrez, 71 Old Proad Street; anddohn Uasel-tiue, Uasel-tiue, I'ppor Clapton. SATUHN SILVER MININtl Of UTAH. An extraordinary general meeting of this company was held Thursday, at the London Tavern Mr. Alfred K lilytho in the chair. The Chairman: Von are all aware ; of the reasons which led to the passing i of ihes resolutions at the other meet- iug, and I think it is only for me to i read them over that they may be con- j firmed by you: First, that each 2')l. I share of the company bo divided into j live share oi' ol. each, so that the capi- j tal of the company shall consist of 1 j uou shares of $L each. Second. lhat each shareholder, on completion of the : ! payment oi' -oh for every original sharo 1 ' held by him, shall bo entitled to receive I live registered shares of 5f.; or, at his option, lo tivo share warrants of 5. I ! Third, that the tenth regulation of the 1 i company's articles of association be al- tered by the addition of the words, I "Kxccpt as to any shares which the holder may request to be exchanged : fir a hhare warrant, to bearer, be- I fore the first day of December, 1S7I, in ; which case the stamp duty shall be 1 borne by the company." These rcso- lutionswore unanimously passed at tho . meeting held on Wednesday the fourth ! of October, and I beg now to move that they be continued. -Mr. dole; I bug to second that. ! Carried unanimously. . ' CAMP FLOY f), I This mine is situated in the immediate 1 neighborhood of the already successful , Utah company. The undertaking, in i fact, is closely identified with that enterprise, en-terprise, and tho direction comprises some of the best known men whose names are associated with mining operations oper-ations in the far west. Various prospect shafts have been . sunk on tho Marion, Sparrow Hawk : and Last Chance, proving a contin- uous body of ore throughout the whole j extent of the property, but the princi- nal development, is on the Sparrow I I lawk which is the centre claim. This development consists of a tunnel or : adit run in from the side of the moun- tain, piercing the lode at right angles ' from iio feet to feet below the out- i crop. From the foot wall lo the hang- ing wall (both of which are well de-! de-! fined) the tunnel passes through a I continuous body of Ji'co milling silver ! ore for a distance of 00 feet, tho whole , mass of which, from wall to wall, will ! yield by mill process $43, or Xi) per i ton. but by judicious selecting, suili-s suili-s cientoro of the value of $7o, or lb I per ton, could bo at once raised to ; supply a 20-slamp mill working 30 . tons per day, while the cost of uiiuing 1 i and reduction, to realization, would ! not. exceed $13, or per ton. ! In cross cutting through the lode :;00 tons of ore have been raised, of the : value of 0,000. y tons of which were ! sent to the Auburn Mill, Reno, yielding yield-ing a result of ;'J3I dels. To, per ton. : The company is possessed of a lineal extent of this lode of li.tiOO feet, and the indications are analagons to the great Corns tock ledge, from which 23,-iiui),00Ul 23,-iiui),00Ul has been returned in silver; ! the oics and geological formation be-j be-j ing identical, the out crop of the lode I is traceable for three miles, surpassing i in extent even the renowned Com-' Com-' stock.- The total amount of capital required j is 1-J0,00u, divided into J 2,000 shares of each. The purchase-money is j ',)!), Olin., of which the sender agrees to j take JO.OOOl in paid-up shares, thereby leaving the directors the ample fund , of :O,O00Ol lor developing the riches of the estate. Mcl-sis. Sewell, Nan-carrow, Nan-carrow, and. other authorities of the highest standing and credit as valuers of American properties, have represented repre-sented in unequivocal terms the profitable pro-fitable nature of the undertaking. Upon the results of the present working, the net annual yield of a 20-, 20-, Mtanip mill, operating on selected ore, ; il is estimated will be ICS, 000. |