OCR Text |
Show i ' TO DEVELOP RARE j METALS PROPERTIES ' '! Work of developing the showings of ore ( carrying molybdenite and scheelite on the i , property controlled by Elias Georgevich will be started this month by A. E. advanced, concentrates running 90 to 95 per cent being worth several dollars a pound. The Georgevich property consists of three claims, situated about two miles south! of town, joining the Union claim and the Catherine group. The best showings show-ings oh the ground have been opened in an incline shaft close to the Union ground, the vein being strong, with good indications indica-tions it will be found persistent as to length and depth I Minium of Denver, who has taken a lease and bond on the property, says the Gold 1 Hill Standard. Mr. Minium visited the v district and inspected the property about two weeks ago, and took samples of the v ore on the dump. After getting the pa-1 pa-1 pers covering the deal completed in Salt ' ,, 1 ake. he ordered shipment of a large sani-" sani-" pie of the several kinds of ore to Denver, i' where he intends having concentration . lests made, lie expects to return to Gold : ' Hill some time this month with a mining it engineer, when plans for prospecting and developing the property will be adopted. 1 Molybdenite is the sulphide of Inolyb--i domtn'i, a metal that is used In making a special kind of steel to which It imparts peculiar qualities of hardness and tough-i tough-i ness. Such steel is used for armor plate and in war munitions, and is in such great ' demand that the price of molybdenum has !1 1 |