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Show I UTAH AfliG GROUND ATTBACTS1BE EAST Prominent Investors Have Very Fine Property in Camp of Bingham. H WILL ATTEMPT TO M DEVELOP LA SAL Heavily Mineralized District Is Little Known in Local Min-ing Min-ing Circles. An organization of capital that bid fair to wlold an enormous Influence In iho raining- art airs of Utah la tlio Inter--H mountain Mining-, and Industrial ossocJu- tlonpln whoso behalf Fred O. Schaffer Is now In this city. While Utah has not succeeded in occupying- the entire atton-tlon atton-tlon of this organisation of Colorado and rennessee- capitalists, this State has H bron dealt with moat generously by thla , company and Utah properties havo re-' re-' sponded liberally for their part to the eiforts put forth within her territory. Owns Bingham. Property. in the La Sal mining district the In-tcr.mountaln In-tcr.mountaln company la quietly but 1 hugely paving- the way for ono of the B Stale's future brightest camps. In the B iUngham district the organization la planning- some very large things for that portion of the State. Mr. SchafTcr re-Vurncd re-Vurncd Thursday evening- from a visit to the Mystic Shrine property at Bingham, a block of twenty-four acres acquired by him over n year ago for his company. Is Finely Located. Little is known in Salt Lake regarding the1 Mystic Shrine property. Very little has been said about tnls ground, but a look at a Bingham map will disclose the 1 lnct that the Myotic Shrine could not be surpassed from a standpoint of location, i't has as neighbors such propositions as the. Red Wing, Butler-Liberal, Utah Apex. Shawmut, and with the Boston Consolidated not far away. Mr. Schaffer was pleased with the progress made on Ills property since he last visited it. Company May Erect Mill. . During the time that the present man-ugemcnt man-ugemcnt has hud the control of the property a great amount of development work, has been done and the develop-mailt develop-mailt work to date consists of at least 4000 feet In extent, during which work not less than 0,000 tone of milling ore have bcri blocked out. Tho company is now ccntemplatlng building a mill for the handling of their product, and that such will be don" may be one result of the uslt of Mr. Schaffer. The company Is now to the point where they must solve the question of handling their ore. Likes Camp of Bingham. Last year, while no attempt was made lo extract ore, In doing development work ore to the value of $7500 was taken out. The company has a number of men employed on the tunnel level and bv the lime the treatment question Is vohod there will be sulllclent ore In cadlness to keep tho mill in steady r-'-erallon. Mr. Schaffer has all the con-fidnce con-fidnce In the camp of, Bingham that the fiornious resources invariably created in the estimation of men well versed in the science of mining, and that the best hapter In the camp's history is for the future to write he firmly believes. Controls Good Nevada Property. Mr, Schaffer leaves today for the Ne-nda Ne-nda country, where he has made many tilps In the interest of the company with which he Is connected. In Goldfleld the company has a lease on tho Sandstorm, which Is now taking out ore In the bullfrog district the company owns a roup of claims that lie between the Sho-honc Sho-honc and the Bonanza Mountain re-Inna re-Inna and from which, upon tho Inaugur-""lion Inaugur-""lion of active development, the company ) is every .confidence of extracting the xtial grade and amount of ore this rich district Is capable of producing. |