Show ATLAS MINING COMPANY organized to operate copper property in yukon territory alaska special correspondence spokane wash april 8 the atlas mining company recently organized in spokane with a paid up capital of of which is set aside as a working fund has bought the holdings of i the yukon pueblo mining company at white horse yukon territory for practically cash from byron N white and his associates of spokane R K neill president of the corporation announces that wilbur D greenough general manager and john who has been prominently identified with the snowstorm mine in the coeur calenes dA lenes will leave for white horse early in may to install a 10 drill air compressor with boiler and steam engine and erect the necessary shops and houses for the working of the mine and the accommodation of the men the entire output of the mine has been contracted to the tacoma smelter and contracts for its transportation thither already have been made this latter agreement provides for the immediate construction of a six mile branch of the white pass yukon railroad to the ore bins at the mine mr greenough says the line will be ready for operation by july 1 soon after which shipping will begin the atlas mine as it is now called has been one of the sensational features of the yukon country since its discovery shortly after the first rush of prospectors to dawson its outcrop is unique in that it projects above the surrounding surface to a height of thirty or forty feet at one point the ledge has been stripped for a length of feet and a width of between and feet the only deep development is a shaft sunk on the ore body to a depth of eighty feet with a crosscut it at the bottom feet long the mass of ore thus exposed on the surface and at depth averages 4 per cent copper besides small values in gold and silver the copper occurring in the form of the ore carries an excess of 30 per cent in iron neill and greenough have made repeated trips of inspection to the mine and have also had it examined and reported on oil by several engineers these reports uniformly agree in estimating the tonnage of ore immediately available at approximately tons the purchase by people intimately coil connected with the snowstorm mine as are greenough and neill of a property so admirably adapted to be the base of a great smelting smelling sm elting enterprise naturally suggests its utilization sooner or later to create a market for snowstorm ore for which it would be an absolutely ideal flux though mr greenough declined ined at this time to 10 commit himself to any statement as to his policy in this respect neill and greenough to whose initiative the organization and rotation flotation ol of the atlas company are due are two of 0 the best known mining men on the pacific coast mr neill was for twenty years intimately associated with finch campbell many of whose most fortunate mining investments were inspired by him As manager of the kendall mine he developed that property from a mere prospect into a great dividend payer mr greenough has to his credit the successful management first of the morning mine at mulan and subsequently of the snowstorm mine in the latter instance paralleling mr performance in the kendall mine both have accumulated fortunes in mining 1 |