OCR Text |
Show i RICH SEAM FOUND IN KING WILLIAM Accordlnsr to report received In Salt Lake yesterday, a rich seam of galena has boen encountered In a drift belnff run from the 1200 level In tho King William Wil-liam property at Tlntlc. The property Is bGlnp devoloped by the United States Smelting: company and, while tho present showlns is only one of several Indication!! Indica-tion!! that the operations aro being1 conducted con-ducted near a largo ore body, It Is said to be tho beBt showing made since the smelting company began operations. Good progress has been made in drifting drift-ing on tho 600 and 1000 levels, and It Is In this series of drifts that tho company com-pany expects to develop showings that will give thorn a definite lino on what to expect In tho wny of mineralized territory. terri-tory. Tho smelting company Is developing develop-ing the property on a bond which expires ex-pires In February, 1915, and calls for a payment of ?250,000 for the property and an assumption of tho Kin William's debts, which amount to $40,000. |