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Show MERGER SHAFT IS GOIffiTO DEPTH Company Not Pausing on the .Way to the Two-Thousand Level. CONFIDENCE IS SHOWN Fraction Claim Adjoining May Be Worth Taking Over by Company. Special to Tho Tribune. COLDF1BLD, N'cv., July 12. An advance ad-vance of 11 conts within twenty-four hours in tho selling prlco of Goldllcld Merger MincH. from 36 to 47 bid, has naturally aroused renewed interest In the operations -of that company and directed di-rected attention to the comprehensive scalo upon which the work of opening this property is bolngr conducted Tho consensus of opinion In Goldflcld Is that it Is easily a dollar stock before tho end of the year; somo opinions are cvon far more sanpnilne. Doubtless this will dc-pond dc-pond largely upon the attltudo of tho Clark Interests toward thlB enterprise. and at present tho men representing these interests seem, to lack nothing In enthusiasm and the determination to so tho limit in tho work of exploration, and to utterly Ignore the expense equation. C. O. Whittemore. president of the Mnrffer Mines company, vlco president of the Goldflcld Deep Klines company, the Clark corporation which owns control of the Merger company, and general counsel for the Clark railroads, has been visiting visit-ing In Goldflcld on ono of his periodical trips of inspection. He says that his visit has no particular significance, and both he and Manager Mctzger slate that there aro no new developments In tho mine and that no lateral work will be attempted at-tempted until the shaft shall have been completed to a depth of 2000 feet. It would not occasion great surprise to some people hero, however, If one of Mr. Whittemorc's trips were to result In the actiuisltlon by the Merger Mines company com-pany of additional territory, adjacent to the company's ground and regarded as of great potential value. Ground Is Valuable. The Merger Mines company Js developing develop-ing ground that Is appraised by the be3t authorities as among tho niORt valuable in the district. From the Information available, it is apparent that this property prop-erty has the extension of the most Important, Im-portant, veins of the Goldflcld Consolidated Consoli-dated and that It will pick up. at great depth, the slant ore body that has been opened on the deepest lovels of tho Clermont Cler-mont and Grizzly Bear mines of the Consolidated. Con-solidated. Thonn veins are said to have, a trend directly toward the Merger ground. Tho possibility of any apex litigation liti-gation In the future between theso companies com-panies is exceedingly remote, for the reason rea-son that Ihe main veins havo a trend In this territory more nearly cast than south, thus rendering tho side lines of the claims the end lines, as governed by mining law and usage. St. Ives Claim. The St. Ives claim of tho Merger Mines company, upon which tho projected 2000-foot 2000-foot shaft Is being sunk und which has produced quantities of high-grade ore from comparatively shallow workings, is cast of tho Grizzly Bear und separated from the latter bv a narrow strip of ground, the Curfv George Fraction, owned by tho Consolidated East Extension Exten-sion Mininr company, and this small fraction, which Is patented and embraces only about seven acres, may yet become a bono of contention between the two big corporations. In view of tho general trend and dip of. the ore bodies of this territory, in the opinion of qualified authorities, au-thorities, it may afford the key to tho ore in tho Merger ground, or, on the oilier hand. It may contain a valuable part of the big body of smelting ore now being explored . by tho Consolidated from the Grizzly Bear shaft at a depth of 1300 fcot. All of thin still lacks final proof, but in tho light of similar contingencies that have arisen In other mining camps, notably nota-bly In Cripple Creek, whore an oven smaller piece of ground, bearing a similar simi-lar relation to producing mines, brought a fancy price after years of neglect and practical abandonment, a condition Is created which may become vitally interesting inter-esting by reason of the interval of space between the boundaries of tho two big properties and the power of the company owning the intervening ground to Institute Insti-tute and prosecute endless and costly litigation in the ovent of its ground being encroachrd upon by either of Its big neighbors. Deep Shaft Sinking. In any event, and whatever the outcome out-come so far as this fractional claim Is concerned, neither the Consolidated nor Merger company Is likely to suffer anv loss, as the operations of both are and will be so conducted as to keep within bounds and safely away from anv charge of trespass; hut there Is a possibility that either might proiU enormouslv from the acquisition of this small piece of ground, and tho situation afTords an illuminating il-luminating examplo of what may become to these corporations a business necessity neces-sity In the future. In the wav of extending extend-ing their torrltory to cmbraco the extension ex-tension of demonstrated ore channels. Shaft Goes Deep. The Merger Mines shaft, the largest In dimensions in the district and the mo3t elaborately equipped for deep sinking sink-ing and development. Is down about 1200 feet and will be continued to a depth of 2000 feet before any lateral work will bo started. This plan, according to the heads of tho company, will not bo altered, al-tered, even If tho shaft should penetrate high-grade ore. this in order that there may bo no conflict between sinking and development and that tho efforts of the management may be devoted to lateral development entirely as soon as tho shaft In completed. Stations will then be cut at various points whero ledge matter or a highly mineralized condition has been noted In sinking. These points aro being determined upon as the shaft progresses, and it would occasion no surprise hero IT production were to begin within a week after the completion of the sump. The enterprise haa the strongest financial finan-cial backing of any mining project in the wmVJ'- a Property of unlimited possibilities, possi-bilities, and Its money is going into the ground. |