OCR Text |
Show WORK RESUMED Oil BEAVER COPPER Company Orders Necessary Machinery and Plans to Rush Development W th more than $2000 w orth of ma chinery ordered and three shifts of mm e a engaged the worl of open Ug up the Beaver Copper M ning companj s property located n the Bea er Lake d str ct la be g ru hed al ead aa rap Idlj as po s ble a cord g to the man agement The stock s to be 1 sted on the fealt Lake btock & M n ng exchange The 1 sting app ca on w 1 show tho company to be capital zed fo 1 000 000 shares all sued, w th app ox raatelj $ 000 n cash n the treasury with fo r cli ns two of which are surveyed for patent and two of which are patented The property has been opened up by two shafts, one of wh ch has been sunk to a depth of f fty fi e feet and the other to a depth Of 140 feet with ore show ng n the bottom of ea h 6haft It is the intent on of the management to s nk the nan shaft to a depth of 200 feet and later to crosscut to the west to out the downward extens on ot a h gh grade ore str nger about six nches in w dth Th s ore has been sam pled on the surface and returned l'S o nces in silver 10 6 per ent n copper and 80 cents n gold to the ton - The hold ngs of the company cover a h ghly n nera zed belt of 1 n estone about "00 feet n thickness with a hang ing wall of quartz monzomte and a footwall of the same material Accord ing to B S Butler of the Un ted htates geological s rvey the quartz-monzon te xn the San Francisco and adjacent dis tncts of Beaver county is the source of the ore deposits In the belt of limestone on the Bea er Copper property are four bedded e ns and for nearly 1000 feet along the str ke of the a ve ns n any shallow shafts have been s nk that have expose 1 co nn ere al ore These shafts howe er have not opened the ore n pay ng q ant t e The work at the property s nder the d rect on of A J Ic Mullen and Lew s Mernman super ntendent of the Yankee Consol dated mine in the T nt c distr ct has been made n anaging d rector of the company The stock largely held in Eureka and in Salt Lake |