Show NEW CAPITAL FOR mccoy DISTRICT guy E pierson of mccoy nevada was in salt lake last week arranging with z local capitalists for the taking over of the mccoy group of nine claims in mccoy district the new camp thirty miles south of battle mountain nevada through the efforts of mr pierson he has succeeded associated with judge J W burton and judge C B smith in securing a bond and lease on the mccoy group which comprise the discovery and the original locations made in the district the option to purchase running for a period of three years mr pierson informs the mining review that already large bodies of ore have been uncovered on this group that will carry on an average of 20 in gold to the ton the ore carrying an iron excess in addition there is a fair showing of 75 and gold ore it is the intention to begin ore shipments at an early date as the freight rates are permissible while a good contract has been obtained from the american smelting smelling Sm elting refining company since writing the above mr pierson has received word from mccoy that the shaft which was sunk anthe on the foot wall of the vein had encountered a body of ore that carried exceptionally high values at a depth of fifty feet the assay returns showing 86 gold 1358 per cent copper and 1 ounce silver while the ore contained per cent iron per cent insoluble matter and 2 per cent sulphur the big percentage of kon iron makes this a most desirable smelting smelling sm elting product at fifty feet a crosscut cross cut was started and at thealma of latest returns from the mine it had been run into a body of ore of the class stated for a distance of two and one half feet |