| Show KING WilLAM TO C CUT LOOSE Opening of New Prospective Bonanza at Great Depth Begins at Once a long and tedious wait the man management mn management of the William company has finally finaly concluded arrangements arrangement with wih the Eagle Blue Bell Bel company compan for the tle open opening op ing and exploration of ot King William ter territory territory from the former work ings The transaction was wa closed during the afternoon before President James Jame M 31 L Greaves of at tile the Bingham Mines company which controls the Eagle Blue Bell Bel left for the west west The closing of the cosing dett 1 1 has been awaiting the arrival of ot Mr Ir Greaves from the east for tor several weeks To start with ih the King iCing William com corn company compan pany has awarded a contract to the Eagle pan Blue Belt Bell Bel for tor 6 feet of work work that will wi be Inaugurated either today or tomorrow and crowded with machine drills dris as a fast as a possible This work Is to be begin bl begin gin in a south drift from the Eagle Blue Belt Bell Bel shaft shaf 1000 10 feet teet below the tun tunnel tunnel tunnel nel level and 1900 1 feet teet under the surface The drift in which this work commences has already alread been opened to a point p not far from the boundary line lne of the King William Wliam The best data dat obtainable from surveys and known development in other and adjoining properties makes it I reas reasonably res reasonably certain that 15 to 2 feet of work will wI carry the drift Into the the same big or fissure in King ICing William ground round that has gone through the Tintic district from southeast to northwest and which is believed b led and in fact tact generally generl known to have hae produced the mineral that has made bonanza mines in the Mam Marn Mammoth moth Grand Central and the Eureka Hill Hi By laying a rule rulE on the map showing the thew workings w of these th se different mines it Is seen at once that the King William which is directly in the center of this chain of ot mines is right in line lne for the channel that has been proved up to Its it lines by the Grand Central on the south southeast southeast southeast east and the tile on the northwest In the latter property the ore I bearing channel has been proven up to a n depth of f more than 2000 20 feet teet and the management of o the States com corn company pam pany which owns the property modestly modesty admits admit that the ore reserves now blocked out are worth more than Slopes in the have been worked within a short distance of King William ilam territory and It i is the belief belef of competent engineers and men familiar with the ground and that of the neighbor neighboring ing bonanzas that King William stands no show gho to miss the extension of the ore bodies Sixty days work will wl probably determine this alim matter at nt l Mast ast so far as the level now to be extended Into the vein is con concerned conc c and ninety days as is counted upon to make a producer of the King William The King William though or organized organized only a few months ago and kept from doing work through the I of the negotiations just closed cosed is In good shape financially Now that It i has made madeI madea a 3 contract with the th e neighboring company I to do its Is development work there will wl be beno beno beno no farther tarther delays dells no necessity for tor the purchase of heavy hev machinery and the thelong thelong Ilon long months of ot waiting waln that would ensue had the management been forced to sink sinka I I a shaft shaf of its Is own on Manager C H Blan Blanchard Blanchard showered with congratulations congratulations I chard charI wa was being bing during the afternoon on the out outcome outcome outcome come of the negotiations with the tile Eagle Blue Bell Bel company compan |
