Salt Lake Tribune | 1904-05-20 | Page 6 | Utah Interests on Lone Mountain

UTAH INTERESTS ON LONE MOUNTAIN There Is increased activity in the Lone Mountain district and considerable Inquiry In-quiry for groups of claims with good surface showing, and several bonds have been taken In tho last few days and many more transactions are being negotiated, says the Bonanza of Tonopah Tono-pah of a region Into which so much Salt Lake money has drifted. The most important sale was that of the Ontario group of four claims, east of the Gen. Thomas mine, which has been sold In New York for $5850, of which a considerable con-siderable sum has been paid In cash. The same buyers bought the Lulu and Laura claims adjoining for a good cash figure. The Ontario group has an excellent ex-cellent showing and a recenl assay gave the following values: C.9 per cent lead, 230.10 oz silver, $12 gold, or a total of $101.17 per ton. At the Gen. Thomns the sinking of the first 100 feet of the main shaft Is completed and the contract con-tract for the next 100 feet will now be let. On the western slope of the west range, Byron Shear has commenced active ac-tive operations on the Independence and the directors of the Enterprise company com-pany owning the adjoining ground will also start up this coming week. Hennessey Hen-nessey & Wlngfleld are developing the Big Limit and have seventy tons of ore on the dump awaiting the railroad, and the Paymaster will make their first shipment on or about the 15th Inst.