Show the rio grande grubstake mining company in the exploitation of its newly newl y acquired group of eight claims near schurz in mineral county bounty nevada has struck a two foot body of ore that averages 1010 per cent copper ounces silver and 60 cents in gold to the ton and will soon have a carload shipment on the market this ledge can be traced for a distance of feet on the surface the company has another group in the same county that is equipped for extensive development and operation era tion the two together making quite an extensive and very valuable mining estate the company is composed principally of railroad men connected with the denver rio grande and of members of the utah fuel company H M quinn of south eighth east street salt lake city is secretary and treasurer for the company returns from the first carload of ore shipped from the recent important strike inthe silver shield property at bingham utah netted about 38 to the ton showing 32 per cent lead 9 ounces silver and about 2 in gold to the ton the company has taken the the mine over from the lessees lessels who made the find and will continue develop ment john M hayes assistant treasurer of the utah copper has been made a 0 da rector of the company the other directors are H S joseph henry cohn H W craul cram and lou moore R H shaw has been put in charge as superintendent the CoIn company pally is capitalized at shares of which shares are issued |