Salt Lake Tribune | 1909-03-28 | Page 32 | Beaver Combination to Begin Development Work

If REAVER CO.MRiXATIOX TO I BEGIN DEVEE0IM1ENT WORK Considerable attention has been at- j w tracted to the Beaver Combination Min- ing company of late, on nooiumr of U the ioimnf nc of the people interested B and the location of the mine down in ( the Star district of Reaver county. The K company is making arrangements to be- s gin active development work on the I same, and before the summer is far ad- V vanced the property should be very well u u the wav to steadv ore shipments. K Leairs have extracted about .f.lO.OOO 3 worth of ores recently from the mine. In view of the wide interest . both at home and in llie east in Beaver county, 1 and especially that next of mines sur- L rounding the Combination group, the U following extracts from a report rc- m cently made will be apropos: I? Adjoining on the south and west is In the property of the Burning Moscow, which has produced' in lead and silver. ik1 better than half a million dollars net U n the last six years and is still pro- J ducing on a very largo scale. This jf company is incorporated for l.oOO.OOO shares and. though not listed, is sell- j ing rauidly'at ,15 lo -10 cents per share. J At. Matt Cullen, Senator JJnwlins and dithers of Salt Lake City control this 1 property, i Adjoining on the . south and east is it the Old Waterloo claim.' also controlled I by Mr. Cullen nnd Mr. Dennis TJvan of j St: Paul. Approximately .$150,000 ret j has been extracted from" the Mammoth nr Waterloo vein of Ibis claim. Work wis discontinued at the boundary line I of this claim and the ' Combination ground, the latter having over 500 feet ' of thifi vein in its Marengo claim. Ad- I, joining on the north is tho Old TClc- . nhant patented claim, from which Messrs. Cullen and E3T111 extracted some I si 60,000 in the seventies. Adjoining on the west is the Vic- tory claim, the principal holding of p( the Ited "Warrior Mining comnany. From ;j this claim approximately $250,000 was ; extracted in the seventies. The Tied 'J Warrior now has better than $300,000 If r.et of ore blocked out. It is incor- pornted for 150,000 shares, which are t now selling at, .$2.(55 per share, or a fi valuation of about .$400,000. The War- ! rior vein not only extends through the Y Beaver Combination group, but inter- j sects thereon with the Mammoth or i Waterloo vein. :1a thifi district, with- l out exception, the intersections of north aud south and east and west if veins have occasioned the largcsi and flj most productive ore chules. 8 Adjoining the Tied Warrior is the 9 MWitz Mining companv, incorporated for 300.000 shares, selling at $1.50 per' Ij share, putting a valuation of $J50,000 1 on this ground.