Show BULLION CANYON ORE record cedar city utah stock in the bullion canyon mining company is to be raised to 25 cents per share is the word given out by directors in the company this action will come as a result of the tapping of the main ledge leda in the property by a tunnel feet in length since breaking into the ledge the tunnel has been driven some four teet feet in high grade sand carbonates which run very high in lead and galena bromide and chloride of silver samples of the ore have been sent to salt lake city to be assayed but returns have not yet been received it was just when the last stick of powder had been exploded prior to breaking camp for the christmas holidays that the formation indicated that the ledge was very near so some days later manager returned to the proper property ty alone and fired a round of holes which exposed the rich ore samples of which he brought in with him then last saturday accompanied by J M wicks a well known mining man of this locality bality lo he returned to work two or three shifts to square up the face of the tunnel and ascertain to some extent the magnitude of the ore body it has been penetrated only some four feet as yet and as it measures measures about fifty feet on the surface only a faint idea of the deposit can be formed at present the richest ore also is next the opposite wall to the one which has just been penetrated both men are enthusiastic over the showing which they say must be seen to be fully appreciated F from rom present indications the property will be one of the greatest mines in the state nor is this the only point at which good ore has been discovered on the property in paying quantities in the sunk stink one hundred feet from the mouth ot of the tunnel a fine body of high grade ore has been opened up and in the doctor smith shaft some feet distant which was sunk to tap the ledge at another point a few shots recently put in develops the fact that the ledge had not been passed as was thought bought t but the working are still in ore taken altogether the property could scarcely be in better shape and the board seems fully warranted in increasing the stock to 25 cents per share and it is probable that there will not long be stock in n the treasury at this figure |