Show ANOTHER NEVADA MINING proposition IS TAKEN OVER BY UTAH OPERATORS with a capitalization of in one dollar shares die magna imagna gold mines company was incorporated in this city under the laws of nevada about the first of the month for the purpose of operating a minin mining property forty miles south of austin nevada P E athas a business man of 1 magna heads the new company as president and manager L LE ocallis EC callis allis is secretary and B Y hardy is treasurer the other members of the directorate are H L who is 15 named as vice vice president and R E rudolph and C E athas W wm in F hayden serves the now new company as consulting engineer and H F wilcox is mine superintendent according to the various statements given the press since the organization of the company was first planned by mr athas father of the undertaking it is the plan to develop a large group of claims in the section mentioned and of which a portion was purchased outright by mr athas while the remainder of the group goes to the new company under bond and option calling for to the original 1 owner and locator of the ground john buzanes who is credited cited with having made a fortune in cripple creek during the early days for many years after leaving colorado buzanes is said to have spent years in seeking a favorable property in nevada he finally decided to camp on the ground now being exploited by the magna gold company and lie he has lived right there from the day he located it the report of engineer hayden follo following 2 lis his investigation of the proposition is said to have been altogether favorable tavo rable for the development of a worthwhile mining enterprise ter prise and the new campaign of development is already under tinder way the lode it is said can be traced for feet and gold values panned any place samples taken from trenches carry from 7 to 8 a ton in gold three hundred feet west of the main shaft an open cut fifteen feet deep shows on the hanging wall of the vein eighteen inches of ore assaying in gold here it is said the fissure is twenty seven feet wide on the level twenty feet of the vein officials of the company say will carry as broken 21 a ton in gold the vein matter consists of quartz lying between and a white porphyry hanging wall the contact strikes east and west on the and foot foo levels the fissure is twenty five feet wide thomas varley well known local metallurgical metallurgy cal engineer and ore treating expert returned from a tri trip p to the property a few days day sago ago with numerous samples of the ore which are to be tested in his laboratories with a purpose of determining best methods of treatment of the lower grade ores following this investigation it is said and as soon soona a as 5 mine development justifies a milling plant will be placed on the property |