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Show SM DRIFTING ON raSTRIKEBOlNZii Encounter Change in Formation For-mation on the Eighty-four Foot Level. Encountering achange in the formation forma-tion at the eighty-four-foot point in the shaft on the Goldstrike Bonanza Mining Min-ing company's property, located in the Goldstrike mining district, twenty-eight miles south of Modena, in Washington county, a station has been cut and drifting drift-ing has been started on a Btreak of gold ore, according to a letter received by the local officials yesterday. The drilt was out about five feet when the letter was written on July 6 and good progress prog-ress was being made. According to Claude McQuarrie the prospects of getting get-ting a shoot of gold ore arc promising. At the twenty-five-foot level a drift has also been started on a small streak of gold ore, which may open up in any round of shots. The shaft has been equipped with buckets and a whim and better progress prog-ress is being made since that "was done. Four mniers are employed and they have recently sunk through" a body of low-grade low-grade "ore that is pitching out of the shaft. The shaft is being sent down through tho limestone formation, which is cut by quartz veins, and the ground is very hard. At the sixty-one-foot point there was struck a good wall on the south side of the shaft that shows about four inflies of porphyry and decomposed limestone, all of -which shows free gold in the pan and which assays about $10 in gold to the ton. There is also showing at this point about two inches of calcite that carries free cold. Mr. McQuarrie is of the opinion that by drifting to the north he will encounter encoun-ter all of the high-grade streaks that pitch out of tho shaft and also the larger body of low-grade milling ore. At the greater depth he is expecting to encounter en-counter much better values when the streaks are out. The holdings of the Goldstrike Bonanza Bonan-za company consist of five full claims, located along the strike of the vein. Plans are being considered by the local officials for acquiring more territorv. The company is capitalized for 1.000,000 shares, par Value 10 cents, and 600.000 are issued. |