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Show REDUCTION PLANT P11IOII UK Big Deal Involving Several Properties in Districts Reported Closed. Special to T'.ie Tribune. LUXIXG. Ncv., Feb. 16. Authentic news has been received that one of th.e several deals recently mentioned, involving involv-ing the erection of a reduction piar.t at or near LurHn? for handling both low and hili -grade ores at a minimum of expense, has now re-ached the point where it seems certain to be carried through to quick consummation and actual construction commenced. It is reported re-ported that contracts have been signed and the first cash payment made. The deal involves the sale of the entire en-tire property interests of the Wedge Copper Cop-per company and those of the Ferrnina Sarrias estate adjoining, the taking over or the Darms coal property of 1600 acres it Coaldate. near the California line, the erection of a flotation plant near l.uning. and the construction of a reverbratory furnace smelting plant near Sodaville. That President Walser of the Wedge company has been working on this deal tor some time is well known and the visit of the engineers representing the eastern interests was reported at the time. The wjnze at the Caiavada mine if now down to the lKf.-l'oot roint. is still dry :n.l in lime. No molybdenite has been found for several days and the pieces t'lcke-l up at the 1115-foot point evidently evident-ly came from a seam. The northwest drift on the 3000 level Is g'Mng ahead nicely, with very little change in condition. condi-tion. In the face of the southeast drift "n t::e l"v level there is a vein eighteen inches wide of crumbly, dark -colored, leached sulphide, assaying 2 per cent ronper. There are occasional hunches of rhakopyrites also. Manager Giesemior-f.-r expects important developments in tin's drift in the near future. Harry Lind is making- things hum on the Iroquois company's ground. The Mastodon tunnel has been cleaned out, to its face. :)00 feet from the portal, from j which point a raise has heen put up twelve feet. The Blue Star tunnel has been started and advanced twenty-five j feet. This tunnel is being driven to cut ! at depth one of the greatest surface I mineralizations in the Lunin? ri is trie t. having &n area from 50 to 150 feet wide and more than 90 feet long. At 500 feet in, it should encounter the mon-zenite. mon-zenite. John Marcal.ia has bought the Xoor.e lease and is taking out ore that should 0 better than 10 per cent copper. In two weeks he has mined twenty-five tons and expects to send out a fifty-ton fifty-ton shipment shortly. John OTonnel!. a new lessee, is mining an equally good grade of oe on the Xew York claim, which adjoins the .Mary and whose ore bodies are probably closely related to the latter. Georg-e Jordan, another Iroquois lessee, has recently marie a shipment from his lease on the New York lode- Con Fach-man Fach-man has also made a shipment, his lease being on the Mastodon lode at a point at one time selected by the chief engineer en-gineer of the United States smelter company com-pany for a -proposed deeo shaft, he deeming deem-ing the spot ideal for the purpose. Little change is reported from the Luning-Idaho mine. For about sixty feet the upper half of Sto-'kham tunnel j No. 2 has been in lime, w hile the lower . half shows porr hyry with occasional 1 bunci-.es of high-grade copper oie in that ' portion of the vein which has not been j leached. ! Under the direction of John Calvert ; work has been resumed bv the Esmeral- . "da Copper company, which is controlled i : by W. H. Slay back, mayor -of Verona. j ' X. J. The shaft is all in gossan or low- grade ore and sinking on it with machine ma-chine drills is now in progress. - .Steady, if not as rapid, progress as might be wished when the importance of j the development is considered, is beira: j n ade in sinking the winze below the j 2'"-foot level at Geor-e Gtroux's Copper j Ridge mine. There is little rhar.ee in I the showing and possibly wjT) rmt be un- J tU the water level is reached, whirh I should be within the next 100 or 200 j fee t. |