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Show BETTER SHOWIKS Oil iBWGENTI T"lth the vein growing stronger and showing apparent permanency as t lie development de-velopment in the upper workings is pusher! ahead, the work of driving the lower tunnel tun-nel to cut Its downward extension will be resumed on the Morgan-Argentine Mining company's property, according to H. Pembroke, who has returned from a trip of inspection to tho property. High-grade High-grade galena ore has been encountered In the drift, off the .shaft at a depth of 176 feet from the surface. The holdings of the company consist of fifteen claims, located in Morgan county, twelve miles northeast of Peterson, a station on the Union Pacific railroad. The properi y adjoins that of the Carbonate Hilt Mining company and that of the Carbonate Car-bonate Gem Mining company. It lias been opened by approximately 2500 feet of workings, consisting of shafts, tunnels, drifts and crosscuts. Nine of the claims are patented. In the sixteen years that the company has been operating nothing in tlie nature of publicity relative to tlie property has been given out. The management has been reticent regarding the development work until ore had been opened. In discussing dis-cussing the property yesterday, Mr. Pembroke Pem-broke said: Lead ore has been found on the surface sur-face in twelve different places. To develop tlie principal fissure a shaft was sunk and at a depth of 170 feet ore was struck. A drift was started and hunches of ore were encountered. When tlie main vein was struck, which is approximately two and one-half one-half feet in width, high-grade galena ore was encountered. The main ore hody is a carbonate and scattered through it are masses of galena of various sizes, some of the blocks be- 1 ing more than a man can lift and which assay as high as Si: per cent in lead. The lower tunnel, some 300 feet below the workings, will be continued con-tinued to cut the downward extension exten-sion uf tlie ore body. The values in silver so far have been low, the highest high-est assay showing forty-four ounces to tlie ton. Numerous fissures traverse the property proper-ty showing lead-silver ore and there is one fissure that, shows copper values. The cornpanv is capitalized for 500.000 shares, par value 1 cent, and 140.072 snares have been issued, leaving 350, 02S shares in the treasury, Mr. Pembroke is president and general manager; E. R. Pembroke is vice president; A. B. Pembroke is secretary-treasurer, secretary-treasurer, and these, with Ij. H. Clayton and Mrs, S. J. Pembroke, form the directorate. |