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Show TO PAY $30,000 FOR NEVADA MINE Ed Mead, who was the first of the Utah contingent to embrace opportunities opportu-nities held out to It by the new disclosures disclo-sures at Mountain City, Nev., came back to town yesterday morning with an option on the Argenta and Independence Independ-ence locations, for which he has obligated obli-gated himself to pay $30,000, and upon which he hao already made- the initial payment. Mr. Mead, who was tho first to Interest In-terest Salt Lake Investors in the new diggings, iy he has nothing whatever what-ever to retract from his original story. While tho developments nrc- limited, as they pertain to the new, the dlscJosureB in the Nelson group at a depth of COO feet upon the dip of the main icdge decides the question of depth quite conclusively. con-clusively. Already the camp ls being haunted by representatives of thouo who are llret in the chase for bonanzas, and competition is quite acute. The result re-sult Is that the price of ground has advanced rapidly and il requires not a small bank account to gratify what the average man io seeking. The yam-plea yam-plea of ore with which Mr. Mead returned re-turned verify all that was said by him in his former statement. The rock discloses dis-closes very high values In silver, and, while- the auriferous contents are not visible to the naked eye, the assayer certifies to values that are almost sensational. sen-sational. Mr. Mead, perhaps, Is more conversant with the geology of that country and the occurrence of Its ores than la any Inhabitant of this city. For many years he was the resident representative rep-resentative of one of the most actlvo companies at Tuscuroru, Nev., from which camp the new discoveries are at a distance of about forty miles. His ni'rsnnnl nliKorvn llnnu Inrliifo him in believe that Mountain City's claims will respond as surprisingly to intelligent exploration as have those that have been prosecuted at Tonopah, Nov. In his enthusiasm, indeed, Mr. Mead says he believes there is a possibility of making the ledges there even more productive. pro-ductive. Certainly, assays reveal that the ores are of a quality as good as those now being shipped to the smelters smelt-ers of Salt Lake valley, and that Salt Lake talent has been the first to avail itself of opportunities held there ls a source of congratulation. In his option on the Argenta and Independence locations Mr. Mead has been joined by H. S. Joseph nnd various va-rious other local In esters. Energetic work will begin at once on their claims. A shaft will be dug as rapidly ay possible, and there ls much to fore-toll fore-toll successful results. |