Salt Lake Tribune | 1908-10-31 | Page 13 | [Illegible] Newhouse [Illegible] Gold Mine

lEl NEWHOUSE IfSJU MINE IgPeak Valcalda Group ijp to Copper Magnate iw on Friday. 5mA BROTHERS SELL THEIR CONTROL pJiousand Tons Twelre-Mar Twelre-Mar Ore Now Blocked 3 Out in Mine. (Sfleal that was closed late'Fri-S&ing, late'Fri-S&ing, Samuel New-house and a syndicate of Boston capitalists jjlihe Yalcalda gold nine of the Kak district of Nevada. TMb IK been pending for several ?S tnd Mr- Newhouse, tho first of il lit year, made a trip to Nevada m express purpose of malzine a examination of this mine after 5 I Had been reported fcvorably B Enrico H. Johnson, tho eminent !f 'eninoer of the Newhouse 41 -alcalda property is one of the feat gold mines of the western ibeinfr one of the eraal finds of ''i rrection period of rainincr in ill J, h state. The property has been " &, up to its present splendid f2ondition through the efforts Eprnier owners of control, il. J. KP. O'Meara. In tho property Bblockcd out a total of 80,000 Bore, the average gold value of ifbetter than $12 per ton. The K is capitalized for 1,000,000 fw stock, par valua SI each, pud j$lo secure control Mr. Ncwhouso IVciates had to secure over 500,-IfeB 500,-IfeB of tho stock. TV. P. O 'Meara Sjpllinj to divulpo thejprice paid 3 last night, but from Nevada the ave it that the deal called foj Ifcndituro of something close to ICbperty is splondidly equipped 1 jk; nlthoush tho present tcn-1 tcn-1 311 is to be increased immedi-B immedi-B is. capacity of 200 tons of oro I he mine is electrically equipped, B it'rwiso in shape the equal of 1 er high-class property in tho greater in abundance for mill- gses is piped via the company's Itfor eight miles. In every way lda mine promises to become Nevada's great dividend-paying ohs, and the. present dcul Tj.arks fe most significant from tin im-Wof im-Wof tho property involved and inenco of the buyer and seller ada has had for many a day.