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Show SALT LAKERS ARE LUCKATTP!BCHE Another Rich Property Is Cor-ralcd Cor-ralcd by Local and Nevada Talent. VEINS CARRY VERY HIGH SILVER VALUES Nevada Horn Silver Company Formed to Operate This Large Group. Xone of our readers who wore In Pi-oche Pi-oche In March of lost year can have forgotten for-gotten the wild excitement which prevailed pre-vailed at tho time of tho groat strike made near Bailey Springs and since known as tho Nevada Horn silver mine, says the Ploche Journnl. I5y agreement. Whipple, the prospector prospec-tor who ' made tho strike, arranged to have twenty-four hours' start after tho deal was completed with Thomarson and "Lucky Scott," lo siako out moro claims The news leaked out as soon as the twenty-four hours wero up. at 9 o'clock al night, and within an hour cvcit man who owned a rig. a horse, a mule or a burro or who could buy.' borrow or steal one was out 011 the road to Bailey Springs. It was an exciting night, as dark as pilch, and many did not know the way. Some went up by Highland, others through Stampede Gap, but a fair number num-ber got on the right trail past the Jack Rabbit pass and the Bristol smelter. The mines are thirty miles from Ploche Pl-oche and It was the grey of the morning before tho first stragglers began 1.0 arrive. ar-rive. Then they discovered Whipple's brother parading the hill o.uietly looking after the property, with his six-shooters and rifle. There was considerable hesitation hesi-tation until the number of prospectors increased, then one of them shouted. "We don't mean no harm, but we want to see what you have got." "Come on, then." said Whipple, "but mind you don't butt In on any of my ground or you take the consequences." Before ilio day had faded there were monuments stuck up all around much further than the eye could see. Tho Nevada Horn Silver mlno is situated sit-uated close to the Bristol district; that is about three miles north of the old Bristol Bris-tol smelter. It covers about L'20 acres distributed over dfteen claims, all In a compact group around tho original discovery dis-covery and running 4000 feet along tho strike of the ledge. It has beon surveyed by Mr. A. R. Talamentes, U. S. deputy surveyor, of Snlt Lake City. Utah. As was to be expected. Mr. William Lloyd, whom our readers all know to be the greatest mining expert of the district, dis-trict, wns at an oarly date on the spot, and with his partnor. Mr. Cook, aided bv their assay outfit, carefully prospected the ledge. Lloyd's eighteen vears experience ex-perience In the district In superintending and leasing mining properties made him early decide that this was one of the most Important strikes he had ever known. Ho found the outcrop of tho veins about 30 feet In width, of quartz assaying from five ounces In silver to tho ton and 60 cents In gold. After several sev-eral other visits, Mr. Lloyd, at the request re-quest of the owners, reported on the property, and six months later, after unsuccessfully un-successfully endeavoring to obtain a lease, he acquired an Interest In the property prop-erty and will act as a director or tho company. The Nevada Horn Silver Mining company, com-pany, as reported In our Issue of last woek. has been Incorporated for $1,000,-000 $1,000,-000 in fihares of SI each. Four hundred thousand shares are placed in tho treasury treas-ury and of the personal stock nine-tenths nine-tenths has been pooled with the Utah Savings Sc Trust company of Salt Lako City. Utah, to be held for one year. The property is acquired free of bond or debt, and tho amount raised by the sale of treasury stock will be devoted entirely to development, which Is now being actually ac-tually carried on. There Is plentv of Umber on t,ho property and rights have been acquired for an abundant water supply close at hand. In a draft prospectus which we have seen, a very Interesting table of assays is given, with names of assayers, showing show-ing sliver up to 770 ounces lo the ton, up to $2,40 of gold and one assay showing 3 per cent copper. Mr. Lloyd In his report re-port stated that for eevry ton of high-grade high-grade ore the mine would likely produce from three to four tons of second-grade ore averaging over $30 silver to the Ion. Mr. K. L. Godbe. mining engineer and metallurgist of Salt Lake City, whose standing Is so well known to our readers, read-ers, has reported that the ore can be treated on the spot for about $2 per ton. The company will only be Issuing 100.000 shares of the treasury stock, one-half of which is reserved for England, and applications for the stock are being received re-ceived already, although the issue is not yet made. The officers of the company are George Weddcll. president: Charles S. Miller (president Boston & Ploche Mining company), com-pany), vice-president; Edward Thompson, Thomp-son, secretary and treasurer; William Lloyd and J. L Whipple, with the above named officials, comprise tho board of directors. All theso gontlcmon are well known to our readers. |