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Show OUTLOOK 15 BRIGHT Company Formed for Further Fur-ther Development of the Montreal Mine. The famous -Montreal mine at Milford. a properly once owned by the old Glasgow Glas-gow & "Western Exploration company, -will be developed on extensive scale by the newly-formed Milford Copper company, com-pany, incorporated for 500,000 shares of tne par value of 1. The property, which has been taken over under a lease and bond, has been under development for (he past year un-dir un-dir the direction of Alfred Frank of Salt Lake, H. A. Frank and John MacGinniss of Butte. There are soo acres of ground and the mine is a gigantic, low-grade copper proposition, tho ores running high in iron and low in silica. During the year past a nd previous to the formation of the company shipments aggregating 12,000 tons were made, the product, after deducting de-ducting all expenses of every form, netting net-ting the operators from $4 to $ri per ton. .Near the breast of the tunnel, now in Thout 1100 feet, the operators have sunk a winze which gave such favorable show-ing show-ing of higher values that they thereafter r sunk a shaft to a depth of 100 feet, finding find-ing the values of tiie copper going up to Zs per cent. From this shaft the cross cut is now being driven. The property is now shipping seventy-five seventy-five tons of ore per day, and this output will be virtually doubled a-s soon as weather conditions permit the construction construc-tion of a spur from the loading station at Hickory switch to the mine property, a distance of about 2000 feet. Fred E. Turner is president of the company, com-pany, Charles V. Sapcke, vice president; Frank B. Cook, treasurer; H. A. Frank, secretary, and these, with Alfred Frank (the 'general manager), J. W. Caswell and 71. C. Todcl of Saratoga Springs, N. Y., constituting the directorate. |