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Show Optimistic Report jil Oo flomestake line flmil! i1"'3 Work Finished Manager Es-hjlMf(ljff' Es-hjlMf(ljff' timntes That Oro Valued at ! jj $2,500,000 Is in Sight. !wfj jf : Salt Lako stockholders In tlio Ilomc- nSfijjl' Btako mine at Silver Peak, Nov., will bo IffiuuiiB' ' ,nerA3tcil In tlio report of Manager By- (jjjjfu jjju ron E. Shear, y,'1iq lias returned from an JjumjRfl: Inspection of t lie properties. Manager fiijUft' Shear says, In part: IjuflfH "I found that tlio annual labor for tlio I. IntfinUl yviiv jsvi iiim uccn nono on nil mo cnunm ffifHsHl nil(1 tho proper afildavlt will be filed at Iffiff 5i "Tlio Mohawk claim, covering tlio 'HrlHilll mouth of the Mohawk tunnel .site, has jS,(i)iJ been properly located. ,Tho Mohawk tun- HV' nol Ih In twonty feet and work upon It ' ff!fl r w' soon be rcHiinied and continued until (816 Jt cuts tl,e VL'm "bout 600 feei bolow tlio fljffl ! surface. Vour property consists of nlno ,nH V . mining olnlnis, throe mill sIIcb. one phicor ' iHn m calm of 1W ncros and a live-stamp mill nam m In course of erection, and whloh will bo jHl Uj i running within the next thirty days. jUI , Extent of the Claims. tJHLP ' "The claims cover about XfiO linear feet : uW ; Hi of the apex of the fftmou.s Drlnkwater and IRrlfi'Ju llomestnko vein. The vein can bo easily ilfnfl 'lii traced upon tho surface, as It has been IWjiff id opened In about twenty places by tunnela 'ffltlllfJ UIU" uicllnes varying in length from twon- nnlf ItH lv lo oct- J'v" of l'lcso openings show ntlniiK lne ore P'00 with well-dodned walls IKrHliffi - Ki'tlto. The voln dips with the slope I Fsrln R of 1,10 mountain toward the valley. This niSilll Hi w enable the company to work the i'HUll! mt: property by a sorles of tunnolG to a depth HKulIflllfl' of 3000 feet from the lilzhcst noint of thu IfiL i "The vein varies In thickness from a Hi few Inches to thirty feet. Tho oro Is a 8jgj i oiiartz. carrying free gold and sulphldos U of lead and Iron. Ijr "Method of Saving Values. jM. I "About CO por cent of the values Is Oil l saved by amalgamation, S per cent by ! '' I concentration and 2S por cent by cyanld-i cyanld-i , lng, leaving: 1 per cent In tho final tailings. ' 'the ores yield readily to the above trcat-', trcat-', ;, mcnt In a properly-built mill. ' "Your mill will have a crusher, flvo IKvO-pounil stamps, one Wlllloy concentrating concentra-ting table, one belt table, two canvas tables and cyanide tanks, etc. Cost of Treating Ore. ' At present tho ores are hauled to Silver Sil-ver Peak for trentmcnt on account of difficulties dif-ficulties of obtaining water. I estimate tho cost of mining, milling and transportation trans-portation at not to oxceed J3 per ton. This will b reduced to $3 per ton In the near future by building new and larger mills ai the mouths of tho tunnels mid pumping water up to them. Ore in Sight Worth S2, 500,000. "Sixteen general samples taken along a body of ore from two to eight feet thick at the foot of tho Western Soldier Incline show an average of MG.18 per ton. "During the year 1903 1U3 tons wero mined and milled, of an average valuo of 510.25, from this tunnel. I feel perfectly safe In estimating the gross valuo of tho ore In sight at M.&00.000. "By the 1st of January, 1P03, we shall have In sight In three small workings, ready to break down and send to the mill, at least $75,000 worth of ore, varying In average values from 515 to S45 per ton." |