Show THE MENDHA NEVADA CO record pioche nev this is the name of the incorporation now being organized to operate the mendha mandha group of mines at highland district the owners lloyd cook and osborne have had so many applications for stock from local residents that they are receiving subscriptions and the certificates will be delivered to the subscribers as soon as the incorporation is completed which it is thought will be about february the property embraces ten claims and two mill sites in the melissa the hamburg and the navy claims ore is already blocked out ready tor for shipment while in each of the other claims independent veins of ore have been found the main mendha mandha vein runs principally in silver and lead the ore averaging 40 a ton this vein beds on reefs of quartz which run paly in gold three separate show these conditions the gold values increasing as depth is attained the lower workings showing values value s of 20 to 40 a ton in gold which with the silver silv ar and lead con contents i tents will make it mine at 40 a ton and several hundred tons of this character of ore are already exposed in the lower of the mine the fact that the owners are well known and experienced miners and that the property possesses unusual merit accounts for the local demand for stock the property goes on the market because railroad construction is about to begin which will assure uniform shipments to the salt lake smelters shelters sm elters and more than a reason reasonable abie assurance of early dividends the first allotment of treasury stock goes on the market at 15 cents a share the property will be incorporated for one million shares at the par value of 1 a share |