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Show ALTfl CON. IS 01 FODT OFHIGH GRACE Seam of $278 Ore Is Opened Up in Winze Below the Main Working Level. One foot of high grade oro has been oncountorod in tho winzo which is bo-ing bo-ing sunk from the main lovel of tho iAlta Consolidated property at Alta. Assay results received yesterday at tho local offices of tho company Bhow tho motal content to be aa follows: 28.68 nor cont coppor, 309.6 ounces silver and 1.0 per cent lead. This seam has been followed from the main tunnol lovol. and the oro has been opened up a distance of about eight feet. About sovonty-five sacks or tho ore have bcon taken out, aggro-gating aggro-gating eight tons. When tho manago-mont manago-mont started to develop this scam it was about two inches wide; at tho present time it is one foot wido and Bolid ore. The ore from the strike Is said to bo similar to that which was taken from tho Columbus Consolidated property, and, figured on the assay roturns, will run about $278 a ton. This strike cornea at a time when tho inrestmont public is shying clear of the issue because of too company's fnancial condition, an assessment of 5 cents a Bhare having bcon recently levied. When the assessment is paid, the compauv will have monoy enough to pay off Its dobts and leavo a Bub-stantfal Bub-stantfal working surplus in its treasury. treas-ury. r |