Show LORETTA ETTA A HIS MINE IS ISTO ISTO TO BE DEVELOPED Three Millions Subscribed to Bring in Cop Copper Copper per Property The Loretta mine In la Inyo county California which Is reputed ed to be je e one of the largest copper properties In the world has been started up after a closedown of one year on account of a dispute among the stockholders Charles M Schwab Is one ono of the prin cipal C pal owners The sum of at has been subscribed It Is said for the purpose of developing and equipping the tho mine which IB la a relatively high grade project The operations are In charge of J J G KIrchen Mr lieutenant In Nevada who Is president of ot the First National Bank of Tono Tonopah Tonopah pah as well as manager of the Mont Montgomery Montgomery Montgomery gomery Shoshone mine at Rhyolite and the Tonopah Extension on mine The main shaft of ot the Loretta mine Is down feet teet In commercial ore or orsa says sa s the Bishop Herald Thero There are two tunnels one 90 feet long which has cut a ledge 74 14 feet wide The second tunnel Is feet long and has 72 feet teet of ore In width which It cuts outs The tunnels are about feet teet northeast of the shaft Crosscutting has been started from the tho bottom of the main shaft and this cut Is In 27 7 feet of ot ore which was the last work done on this mine before It was closed down over a year ago Indications are that the ledge at this point in iii the shaft Is 80 feet wide and being feet teet below the apex of f the ledge lodge gives an Indication of the vast extent of ot the ore bodies On the sur face the vein crops for fora a distance of 1600 feet teet without a break and can readily be traced for a distance of three miles cropping occasionally The Tho narrowest place In the vein Is 45 feet and the tho average width 70 10 feet for the entire 1600 feet |