| Show IN THE LA SALS Deal in Wliicli TwcMillionDollnr Company Figures TRTBUXK l SPECIAL Basin La Sal Mountains Utah March HIn view of recent improvements on Gold 11111 mountain south of Miners basin a company Is now being formed i In San Francisco to take hold of the I Gold Hill group of properties and it I agreeable arrangements I can he made the Iowa group is also to be taken In on the proposition all pending the arrival rival here of an experienced mining man to look over the ground and report re-port I favorable ten claims will be included in the deal a 1000foot tunnel to be run on the center line dividing the two groups and a cash payment of 10 per cent to be paid down which oC itself it-self will go up Into the thousands One party owning twothirds of lhc prop erty is included In the merger to unnecessary Just at proHOnt it Is mention facts concerning the now deal but enough Is known to say that 11 com 2000000 Is to uo pany capitalized at OOOO organised the leading financier of the of Oak project being wealthy woman a wenlhy womnn land Cal associated n with San Francisco Fran-cisco capitalists The deal Is being made upon enllaJlsts of the recent showing made In strength the Iowa tunnel whereby the South Belt contact his been opened sufficiently suf-ficiently to guarantee rich gold values Iclenti a measure to prove that with depth the main source of the rich ore found on the Wilson mesa will be dis coveied In place somewhere in this mammoth ore zone The big tunnel will be started at the foot of Gold Hill mountain about 200 feet from the BasIn stamp mill The first vein to be tapped will be the one now opened in the Iowa tunnel at a vertical depth of ninety feet but the bigg tunnel wit lent It at a depth of 300 feet in and 200 feel vertically verti-cally For the remainder of the 700 feet the tunnel will be penetrating the main contact which shows mineralized quartz all along the surface for SOO feet up the mountain The Tornlado vein In the main contact con-tact comes through about half way up the mountain whore the huge porphy ritic quartz dyke Is v Ilalll ly traceable all along the slope of Gold hill and this will he crosscut at about COO feet and at n vertical depth of over HOO feet as the slope of the mountain is exceptionally exception-ally sleep arid In some places almost PelPCIitl Icu larA lar-A mining man who Is proof against knockers and croakers has been l advised ad-vised to come here as early as practicable practi-cable and thoroughly investigate the proposition If acceptable work on the enterprise is to be started not later than the 1st of Tune and a sufficient force of men employed and machinery Installed in-stalled to carry out the proposed work Inside of twelve months Mr J T Gucntherolclt an old Colorado mining man but now of San Francisco is the l gentleman with whom the La Sal knockers will have to contend In his letter to your correspondent he slates Utah is now the Slate to mine In and with all its most promising districts T think the La Sals is the most Inviting and It will not be lomr until I here will be a l siring o bonanza camps all the way along from Utah lo the Pacific industry coast that will do credit to the minIng |
