Show THE BINGHAM NEW HAVEN baugham Bing liam bulletin iga manager nager G C H doolittle of tle the bingham new ne w fia haven ven announces the contemplation of new w smeller to treat the ores of tite 0 1 ta utah 13 bingham company including eastern and also th the e dixie bonanza in washington county mr doolittle has recently returned from the east easi where he conferred with stockholders upon this plan and laid before them the details of a recent new strike in the bingham new haven which it is estimated indicates an ore reserve of tons in the property which flanks i the southern bou boundary andary of the utah con at a point feet from the portal of the new lower tunnel now in 1030 feet the first of four great fault fissures was found and a crosscut cross cut proved the ledge to be feet wide and a sampling of the mass of ore which is a sulphide identical with that found in the neighboring bonanzas shows that it carries 3 per cent copper in gold and two and one half ounces silver to the ton it is expected that the next fissure will be struck within feet or somewhere about the end of the present month as the tunnel is being advanced at the afie rate of eight to ten feet a day assuming the ledge will hold out its size that the shoot will hold out for feet on either side and extend down feet or to the same horizon on which the highland boy tunnel of the utah consolidated was run lower down the canyon it will produce approximately tons of ore what the fissure will produce above the tunnel level is not taken into account that the ore will go down and that the shoot will prove longer than the estimate given no one familiar with conditions in that particular portion of the camp will question while the development of the sulphide copper ore zone in the bingham new haven companas comp anys ground is being crowded with all possible speed every attention is being given to the development of the gold cop per silver lead zone in the upper workings these have produced since the company got down to business about two years ago something over tons of ore ore that has provided the means of operating allowing of the accumulation of fine surplus and met payment of the 10 cent dividends one in august and one last on the ot of december the two aggregating six feet of fine galena ore has been opened in these workings in new ground during the last tew few days and this portion of the mine is producing at the rate of about seventy five tons of ore daily it will continue the performance for an indefinite time and 1 if the management of the company so wills it can be made to provide the means for building the proposed smelter it is more probable however lio wever that the company will issue bonds if a smelter is built and continuo continue dividend payments from earnings approximately shares of the company compan 6 share sharel capitalization remains a treasury asset |