Show 1 MINES ONNEW ROAD I Mr Leland Investigating in Southern Nevada I l J THE COMING ACTIVITY THERE I II I f The NeWBoad Will Open Up Many New Properties and Develop Many l Old Ones A Branch to Senator I Clarks New Buy at Esmeralda I One Trouble is That Owners Demand De-mand Too Much Cash Bonus on Options A Great Mineral Region DalyWest Dividends Notes t John F Jeland a mine operator and II promoter of Sumpter Or who has been looking over the camps of this State for scvcral weeks will leave for a pro traded trip In southern Nevada In a i few dll StIr S-tIr Leiand was for several years as soclated in mining Interests with Senator Sen-ator Hearst oC California and later has been connected with mining ventures throughout the West and in Mexico He Is now looking over properties Lora Lor-a syndicate headed by Michael Finner 1 ty of the Dillon Gold Mining company of Denver and will pass a good portion I of the winter months in that southern country extending his researches from the eastern to the western portion of the State Nevada he says has neen a dead country for many years and Is full of mining propositions from which the owners have taken out lust enough to buy necessities while waiting for the coming of the new railroad the building of which will add new life to II the country All the old mines will resume re-sume operations ho says and many new ones within twenty miles of the I road will be developed He predicts that at least one sour will be built to I the new road at once and bases his I prediction on the fact that Senator Clark Us chief promoter recently purchased I pur-chased a large lowgrade proposition I for 500000 at Ksmeralda considerably I west of the proposed line i With the heavily mineralized ternS tern-S tory along the greater portion of the I line and the ne lydiscovered rich oilfield oil-field now being developed at the southern south-ern end a vast amount of wealth will bo rapidly produced There will bo I r room ho says for at least one good town a supply point between this city f and Los Angeles and should the Burlington Bur-lington system come here he said Salt Lake will be the likeliest place on the map for a great metropolis and art ideal homo for mine operators as they I can live In touch with the world and at the same time be accessible to a large and rich mining country Mr Leiand expects to see a revival In mi iilng generally throughout the country and states that the worst drawback to the business Is caused by owners of prospects demanding too large a cash bonus for leases on their properties as capitalists v111 not as a rule make such payments in advance for the privilege of developing mines DalyWest Dividends A heavy stockholder In the Daly West states that it Is among the strong possibilities and Indeed almost a certainty cer-tainty that the mine beginning with the coming yea Avlll increase Its I ¼ monthly dividends from 25 to 30 cents a share This change is warranted It is said by the Improvement of the ore bodies both in grade and extent and for every ton that is being taken outlive out-live tons are disclosed by development I work The company already has accumulated accu-mulated a good surplus and the enlarged en-larged dividends can be paid without reducing It In the least and a long dividendpaying period from present showings is assured Big Strike in the Rambler Much excitement exists in this city over the recent rich strike made In the Rambler mine which runs over 200 in metallic copper at 0 depth of elghty five feet The mine Is located fortyfive miles west of Laramie in the Keystone Key-stone district on Douglas creek It is in the big copper belt of the Medicine Boy and Laramie mountains which contain the best prospects in Wyoming Wyo-ming 3 EaiMi new arrival from the mine brings in more promising reports as to i The quality of the ore The ore now being shown here by Charles Kuster one of the owners < is a conglomerate of copper carbonate and oxide showing large pieces of Native copper All experienced ex-perienced miners who have seen this ore say it Is the best found in this country outside of the FerrisHaggerty j mine It is soft enough to be easily I 1 excavated and can be marketed at a cost of SS per ton There are also other precious metals in the ore which will I increase its smelting value Three returns re-turns have just been received from assays as-says showing the ore to contain over 30 per cent lIure copper As the body of this qie seems to be unlimited its value is immense 1 The company Intends at once to begin j be-gin hauling the ore to the railroad from where It will be shipped to the Argo smelters i The Rambler mine is owned by the I Rambler company composed of Dr A I I B Hamilton A T Holmes and Chn leI le-I I Kuster nil of Laramle It vas located I seventeen years ago by George Doancf who also located the Isllaggerty i 1nln It was transferred to David Mc Cullough and John Ritchie the pres cut owners < having taken possession of it a few months agoColorado Springs Mining Record |