Salt Lake Tribune | 1913-02-02 | Page 26 | Atlanta Deal is Officially Given

IH BEftL 181 OFFICII! Eii Arrangements Closed Jl , the Merger Company M . Use Its Shaft. H EARNEST WORKCERtJI Objective Point Is ExteJi of Grizzly Bear Resourc?! of Neighbor. 1 Special to Tho Tribune. ' GOLDFIELD. Nev.. Feb, 1 B jW plans for tha development of lV, iSB ta property, a subject that ha auJM widespread inters, nro announcS statement given to your corrcsportj an Interview ullh Pralfli.ni "rf Wlngfk-ld and other official company, who have bCCn ln rLyM completing arrangements for earn431 this vork. f tM An asrecment hn3 bn-n rn'JM between the Atlanta and Goldfoa fiM per Mines companion, bj- tyjjSH which the latter company will t continue sinking Its main or Si hM shaft to a depth of 17S0 fcctaujataS depth will crosscut to the bonmJS of the Atlanta. From t,a SffitSSH lanta company will earn- th? tf?Al ment work Into its own UrttorJ'SB extended scale, and this work liirfSB rsj;cd lus rapidly ns posslbl. 9 HhltB sinking tho 7 by 1J.M uSM shaft. Ml ijB Will Use Merger Shaft. i A new pumn haa bten ordered . this work of sufficient capacity iB tavw ly handlo any volume of Tvater thtM be encountered, and this will ts IeASm Immediately upon Its arrival ThtiXB enl pumpInK- facilities on iht uZSfl arc of ample capacity fop raldiOH water from the lS.".Q.foot lri k-JI surface and tho additional plant i&um used In slnklntr and to hnndlo th JM from lower levels to the 1330 ItTd toSB In the event of ore bcln? founj LilSfl Atlanta, ln the progress of llie proi vrork, arrangements havo bMnSiJB the development and extraction t lB product through the Merger ibtt-K long a this shall not Interfere tfUi oS Merger company's opnraUon h Iti'oiB ground. With the present enulDatajiB liolallnK capacity of the hmtr rS should be no difficulty in opomkrMH properties through this shaft. Tfm. Origin of False Reports, fw This constitutes a change f;cn tentative plan for tho developra8t((flH Atlnnt.i, announced at the time ihf mB drift on tho MOO-foot lord of thtttUB TJenr mine of tho Goldfield CwisoafaJB was started toward Ibo boimdurf .cMkH Atlanta, and the official annonriicHlH will effectually dispose of UzafsiMM reports tha have been -widely dmSwH to the effect that the Qrlzilr BarWJB had already entered the AtksUoiiifB exposed large bodies ot or. Tfcttt.flflB authorized roports plainly hid thtlrmH In In an effort to influence the riiiMi valuo of tho stock and were wltbttt mH foundation ln fact. r-mt Mining engineers and geolo?iib mm aro familiar with the trend and s (tm tho veins In thin cart of tns dlrtfftiM clarc that the. Atlanta cannot fill tapJB the extension of tho sreat GnwSgm ore bodv on ltd downward dip. bcr of strong veins have bsen on Atlanta ground nnd the fict mm thcv are not onrlched near Is by no means accepted aj a (SS,&W ing Indication. In view of devtwawW at depth on adjoining ground.