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Show IIP 01 i l5 BONDED GROUND Spokane Capitalists Will Develop Big Holdings Without Delay. Announcement was made yesterday by W. A. Wilson, general manager of the Vipont Mining company, which has extensive holdings in lloxelder county, that a syndicate of Spokane, Wash., I capitalists had taken over the property under a bond and lease for a limited period, the exact duration of which was not given out. The amount of consideration was given out as approximately $300,000, with active operations by the holders or the bond to begin without delay, including includ-ing the construction of a concentration , and flotation plant to handle the immense im-mense In, dies id' low-grade ore. Holdings of the Vipont company com-ohm- WM acres id' patented ground, Oakley, Oak-ley, Idaho, twenty-five miles distant, being the nearest railroad ami shipping point. The ore is a silver-lead pnniiiet, carrying values that average $15 per tonalthough there is much ore of considerably con-siderably higher grade, which the coin- i jinny giving the lease has reserved the 'light to clean up within a stated period. In past years the Vipont property produced pro-duced more than $50,000, and an old amalgamation plant is still standing, but lit is officially announced that, the Spo- kane contingent will erect a new and (modern plant for handling the ores. 11. If. McMillan is president of the torn-jpanv torn-jpanv and A. ('. 10 1 lis, Jr., vice president. |