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Show RICH INYO PROPERTY. Utahns Preparing to Begin Work on Splendid Ground. Tho luyo Gold Monutaiu company, owning the group of eoventouu claims in Inyo county, Cal., formerly known as the Hicks and Lovett group, had a meeting in this city Fridav ovonin", at which there was a slight reorganization reorganiza-tion of tho diroctorato or tho compau-. Tho officials of this organization, as it now srnnds, are L. Holbrook, president; presi-dent; James Creer, vico-prosident; John R Twelves, secretary and treasurer. These gentlemen, with Chet Lovotr, John A. Kirby and S. A. King, compose tho board of directors. At tho meeting the directors talked ovor tho coming campaign of development work, and a thorough courso of operations is soon to start. The Inyo company has had rcraarka-blo rcraarka-blo success with this property, in spito of adverso conditions under which it has worked. The Clark road now runs 1 within fifteen miles of tho mine, and ! the Borax Smith road will soon be within with-in four miles of tho proporty. Work was discontinued somo timo ago, owing to the difficulty of securing adequato freight supplies, but this phaso or tho situation now is all that could be desired. de-sired. On tho main vein of this properly prop-erly tho management disclosed a width of twenty feet ou tho surface This entire distance averaged in tho vicinity of $2-1 gold. At a depth of sixty-oight feet the averago valuo was $300 per ton, and at eiglity-thrco foot the vein was much wider and with still greater values, one foot running as high as $700 per ton. Tho average of nfty-seon samples taken in this shaft from the top to tho bottom was $107 per ton in gold, tho property carrying gold values exclusively exclusive-ly up to tho 'present time. Charles M. Schwab, the stool magnate, has a group adjoining this property, and a party of prominent Los Angeles capitalists has near-by claims which show copper values in addition to the gold. Tho company is composed of Salt Lake and Provo investors, and tho coming campaign cam-paign of development should disclose somo vers gratifying results. The property is ono of "the banner onos of that district, and it soon- will bo surrounded sur-rounded by activity, ns other owners aro planning development work. |
