Salt Lake Tribune | 1918-01-24 | Page 12 | Outside Capital to Work Pope-Sehnon

OUTSIDE CAPITAL TO WORK POPE-SHENON Mill Will Be Constructed and Entire Machinery Installed In-stalled to Hurry Results. To hurry along the development of tho Pope-Shcnon property. In the Salmon 1 river country, outside capital to I he ox-lent ox-lent of $37,500 has been tendered the Htockholders lor the construction of a mil and other nocesnary machinery. Information In-formation to tills effect was given out yesterday by G. W. Holmberg, one of the Stockholders. According to Mr. Holrnberg, the nia-JorUy- of the stockholders so far Interviewed Inter-viewed on the subject, are favorable to accepting the offer and to Ht-arting the rotiHtructlon of the mill early In the spring. The quostlon will be submitted to the board of director?! of (he company at a meeting which will be held In the near future. Mr, Holmberg also announced that work was progressing In a satisfactory manner at the property of tin Salmon Itlver Copper company. The tunnel which 1h bolng run to cut the ore body exposed In the shaft at a depth of about 1800 t'eet is now In about 00 feet and In low-grade ore practically all the way. The ore en noun te red in a shallow sha ft above was of a very high grade, and it is expected lhat the tunnel will penetrate thta ore body within another 200 feet.