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Show TO RESUME UK 1 TIE GATEWAY GROUP Company Formed to Operate Oper-ate Property Adjoining Fort Hall Mine. Special to The Tribune. POOATETJA I. la., June 22. The ( Gateway Mining &, Milli n company, owner of the Gateway group, consisting consist-ing of hx claims and located seven miles south of Pocatello, a short distance dis-tance from the ri'ht of way of the Oregon Ore-gon Short Line railway, will start, a campaign of active development work on its property next Monday. Of the 120 acres held by this company forty acres is pate.ited land. 'J' he li-.velopmenfc work so far consists of a ;00-'oot tunnel driven into the hillside, hill-side, and this tunnel has opened live dist in et veins that have produced ore showing values from ,5 to $75 per ton. tiold predominates, but the copper and silver showings are of such a character as to warrant the belief that a sub-stan sub-stan t ial ore body of great size and value is within easy striking distance from the breast of the present workings. work-ings. The company has had the property examined ex-amined by two competent engineers, and it has been definitely estimated that an expenditure not exceeding $SU00 will open up tho main body, which is indicated indi-cated by the veins on which the work has been done. The property adjoins the Fort Hall property on the south with the added advantage that it lies at least 100U feet lower down and by tracing the ledge, which has shown the most promise on the Fort Kail, it is found to flip at an angle that would seem to make it certain cer-tain that tho tunnel which this company com-pany is driving cannot fail to cut this ledge at a short distance from the present pres-ent opening. X The company has been incorporated recently with a capital stock of $500,-000. $500,-000. Frank Paradice is president, W. C. Tatro vice president, W. 11. MeCan-ley MeCan-ley secretary. JJ. A. Dai Icy, J. V. Dod-son, Dod-son, K. K. Beck and the above mentioned men-tioned ollicers" are the directors. |