Show GRANITE COPPER CO press beaver utah the granite copper company owners of a group of eight claims in the richest section of the granite district are preparing to open an aggressive campaign in the development of their property there has been nearly 1000 feet of work performed and some good ore bodies encountered several shipments have been made at a good profit but with the fall in the price of copper the energy of the management has been turned to developing the lead and silver end of the proposition which at present is making a splendid showing the major portion of the work already done is on what is known as the king of the hills claim situated nearly in the center of the group considerable tunnel tu anel work has been done which has cut a fine body of copper sulphides sulp hides thirty feet in width at a depth of feet carrying values of four to eight per cent in copper and fourteen ounces of silver to the ton another tunnel is now being driven and is in about feet headed for this body of ore and will tap it at a vertical depth of feet there is yet about feet of work to do afore reaching the ore the company has decided to place a block of treasury stock on the market to obtain the necessary funds to complete this lower tunnel that being done an immense tonnage of first class copper ore will be available for the market the group is well supplied with timber and water for every purpose which is of great value in the development of a mining property experts who have been in the camp at different times say that the formation is for the making of a great copper camp and with the further development of the granite property the oak leaf and other very promising properties in the district there is no doubt that this prediction will be literally fulfilled the granite copper company was incorporated three years ago for a million shares par value 1 practically all of this stock is in the treasury as the owners have been doing all the work on their own private money 0 |