OCR Text |
Show CARBONATE KEYSTONE WILL GET A CHARTER Articles of Incorporation to Be Filed Today by New Company. For the purpose of developing what is said to be one of the most important groups of mining claims in the Big Cottonwood Cot-tonwood district, the articles of incorporation incor-poration of the Carbonate Keystone Mining Min-ing company will be filed today, with a capital stock of 1,000,000 shares at the par value of 10 cents each. Following the incorporation of the new company the interests behind it will send engineers to the property with a view of determining the best method of procedure. Mining men conversant with the location loca-tion of the property are of the opinion that it is destined to become another important producer in tbe Big Cottonwood Cotton-wood district. The new company takes over the Keystone group that adjoins the property of the Trice Mining company com-pany on the north and that of the Carbonate Car-bonate and Big Cottonwood Consolidated on the south. They point out that, adjoining the old Carbonate mine as it does, development develop-ment work will disclose that the fissures of the old Carbonate mine traverse the Keystone group, and occurring in the same formation should be quite as productive. pro-ductive. These fissures intersect the quartzite-limestone contact on the Keystone Key-stone group. The articles of incorporation will not only cover the Keystone Carbonate group, but, other properties as well. Immediately Im-mediately following the report of the engineers the management of the new company will outline a campaign of development de-velopment work that will be pushed to completion as rapidly as possible. There will be issued .100.000 shares of the capital stock, leaving 700,000 shares in the treasury. |