OCR Text |
Show Iji i4; RELINQUISHES BOND f ON TINT1C GROUND J p The- Eureka Reporter, telling of the 'A( ' week at Tlnllc, says: The Apex com-T' com-T' 1 Ii pany has given up its lease and bond I y I! , on the three claims comprising the . - Apex group on Godlva mountain. The !l , !ii!i company was organized over five years Vi ' '"I'ljt aK by local people to develop this q' 1 ground under a lease and bond. The , , d j; ;! U! bond was for $75,000 and the lease was U)f i;; to run for six years. "We understand ' (i ' that no payment was made when the 1 :',n 1 papers were signed and that the owners 1 Mil i of the- ground have received nothing ; , j since that time, but the shareholders j, ,.; j of the Apex Mining company have 1 , ,' j: I been working the ground almost con-; con-; , tlnuously during the- last five years by means of monthly assessments, and S Il k' many thousands of dollars have been T. ; I 1 j expended, jfv 'I if i Thomas Weir was at the La Ciede fi 1 1" ,? ;y j mine last Tuesday. Mr. Weir Is doing v ', i'-'J i some prospecting at the present time, f Mi p which should be productive of good fcl, r I:: ; results; but aside from this there is T ' ! i no change at the mine. IB , ; ( The famous old Mammoth mine ap-,i( ap-,i( "It pears to be improving all the time. , ' !H The new strike on the 1700-foot level V' Yi la turning out much better than was H! A ' li J1' expected when the ore was first opened ? Pv ' '!'f' up- ,J,nc Principal values arc in gold, tf .ly . Il with a small percentage of copper and I jjj X silver. About 105 men are now upon Q 1 ,'!'(, the pay-roll, the number being In- I' ')' 5 creased slightly from time to time. In r ,t . addition to this there are in the neigh-u neigh-u i i ' M p borhood of twenty-five leasers at ) l ' l( 1 work In various parts of the mine. , I )1h The usual amount of work is going S on at the Ajax at Mammoth. The ,1 ., I j! company Is doing considerable pros- ' ' I pectlng on the 1000, COO and 300-foot I j in! , (I levels, the work, however, being early ear-ly t 1 ii jj rlcd on entirely by contract. The IV"' r l money which the company Is receiving h Jl, ' . I as royalty nr. jvhh taken out by the f ,v 4'J h leasers is paying tht expenses of the 1 .i8 prospecting whii-h is being done on 1 .It' these three levels. The management f ij JJ' states that the mine Is showing up well k ' , , 1 at the present time and that the con-?, con-?, . ' til tract system as well as the leasing of tA L i1 i f certain portions of the mine is prov-m prov-m 1 ;r '"ff entirely satisfactory to the sharc- " ij holders. |