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Show TUOLUMNE STRIKE CAUSES EXCITEMENT Butte Shareholders Aroused by Recent Developments in Copper Property. Under a Butte date line th Boston News Bureau says that not in years has any mining strike in the Butte district caued as much genera! excitement in mining circles as has the opening of the large and rich body of commercial ore by the Tuoiumne Mining company In the Butte Main Range property, and the further fur-ther development of the rich ore bodies in the Davis-Paly. The stock of both companier If held largely in Butte and each has several hundred local stook-; stook-; holders. 1 The first announcement of the Tuolumne I strike was made a week ao, when General Gen-eral Manager Paul Gow stated that a vein four feet in width with an average assav of 3.9 per cent copper and 2.7 ounces of silver had been openod up at a distance of 625 feet from the Sinbad shaft on the 700-foot level of the Main Range property. This wns most encouraging, but it was not until some five days had been spent In additional development of the ore body that the announcement was made officially offi-cially that started the pea) excitement. Manager Gow then gave out the following follow-ing icport. "The ore bodv which has been encountered encoun-tered at the end of the crosscut on the 700-foot level of the Sinbad in the Spread Delight vein is believed to bo a continuation continua-tion of tiie leonard ledge. As far as opened up to date It shows ten and one-half one-half feet of commercial ore and an assay of five samples taken clear across gives tan average showing of 5.1 per cent cop-1 cop-1 per and 15 ounces of sliver to the ton. "The ore tody has been developed for a distance of ninety-five feet ancj the footwali has not yet been disclosed. The hanging-wall fissure of the Spread Delight, De-light, vein is twenty feet wide, twelve feet of which is: well mineralized and four feet of it commercial ore. This is followed fol-lowed by a horse of alternate granite forty-five feet wide containing a number of seams shewing good copper values. To the south of this horse of granite the 1 vein fissure has been opened for a width of thlrLy feet and mineralized throughout with ten and one-half feet of commercial ore and the footwali not in slsht." The strike has had a big effect in in-oreusin? in-oreusin? interest in nil the companies holding mining properties in the eastern Butte district. The Tuolumne company holds 61 rer cent of the Butte Main Range stock, and under its contract with the latter romoanv It will own SO Der cent of the stock when it completes its con-I con-I tract. The North Butte, whloh ownes 1000 acres In that district and is now developing develop-ing the property, also felt the effects of the strike. Davis -paly has been developnff some rich ore bodies on Its lower levels. H ran its crosscut on the 2400-foot level to the ore body recently opened on the 2500rfoot level and found that the ore there was even richer anq more extensive than in the level below. Davis-Daly is all in readiness to - take advantage of the high price of copper early in the coming year. It is held back only by its inability to hoist ore, aid as soon as the new hoist arrives and is Installed In-stalled It can start shipping several hundred hun-dred tons of the finest highffrade ore per day that will rapidly put U Into the dividend-paying class, It Is the development of the new ore bodies and the rapid work toward increasing in-creasing the output which have combined to semj DavisDaJy stock in the past two v. eeks from less than $2 a share up to $7 a share. A large share of the buying has come from the miners employed by the Davis-Daly Davis-Daly and their friends in Butte. They all have Implicit faith In the future cf the property. |