OCR Text |
Show BIG TONNAGE BEING 0PENEDAT PIOCHE Ohio-Kentucky Company Is Quietly Adding to Its Enormous Enor-mous Resources. An organization in the Pioche section of Nftvada that is pursuing Its way quietly, quiet-ly, and without regard to any but Its own interests. Is the Ohlo-ICcntuckv. from which some very flattering reports continue to come. It was learned Wednesday that the management naa completed tho connections between ttic upraise from the second and tho win" from the third levels of the fcusan D"s-ter D"s-ter mine, thus assuring a better an channel as well as showing P,t-hc1?r" in a decidedly encouraging fashion. Eotii these workings are In splendid ore, ana In making connections a crosscut was mad for thirty foet across tho ore chute which la all of fifty to sixty feet In width. ., ,, , This oro is in the noted old Black vein, from which many fortunes aro destined des-tined to be taken before tho present owners cease their operations upon tho same. All work so far is pure development develop-ment In character. It Is estimated that there Is sufficient already In sight to meet dividend requirements on the stock for many years to come. The company, however, is not planning to market Its Bhlpplng oro at present for several reasons. In the first place. 11 railroad Js required." and this soon will be a certainty. Then, In mining the first-class ore the second, or milling, grade must, of necessity bo extracted also. Tho company Ih just opening the mine, therefore awaiting the time when a concentrating; and smelting plant now being planned will allow actlvo oro extraction ex-traction colncldentally with the means of handling the same in nn economical economi-cal manner. The present satisfactory condition of the treasury permits such a plan of work to be pursued without any uncertainty or hesitation. Practically tho samo Interests own the Prince property of the Phoonlx Reduction Reduc-tion company. Tho shaft upon this property prop-erty is down 170 feet, and In excellent ore each foot, of tho way, and with belter bel-ter ore In the bottom than Immediately above. The bottom of the shaft Is h rich galena, the vein showing' on the surface to be between 100 and 200 feet In width. A splendid tonnage has boon placed available so far, and with railroad rail-road and other facilities reaching out swiftly for the camp thlB company easily will assume front rank as a producer and dividend-payer. |