Salt Lake Tribune | 1919-04-15 | Page 14 | Stindt-Donohue's Lease under Option

STINDT-DOHOHUE'S LEASE UNDER OPIIOi Famous Property May Pass Into Hands of Las Vegas, Nev., Operator. Keeountlncr tho giving of a short-time option by Stlndt & Donohue on their famous fa-mous holdings In the Ploche district to Peter Buol. a mining man of I-as Vegas, Nev., the Ploche Record eays: "The Stindt & Donohue lease continues con-tinues rich In shipments of high-grade ore produced from the one working face, which, however, has been lengthened length-ened to a total of fifty feet to permit the employment of additional miners. "The assays of the three carloads of ore now in transit show a value of Jl-,-000. and the car'.oad at the Suit Lake lallroad depot and in the mine ore t'ili brings tho value of the production for the last month up to $16,000. This does not take into account the carload of exlra grade which will be shipped with additional addi-tional precaution, as this lot ia expected aione to net $1.".000. "When it is considered that this ore has been produced during tho last ten days with windlass and bucket from the one working face, and with a small crew of miners, the Importance of the discovery discov-ery is but dimly recognized. The real importance to this district Is not in the shipment of thirty or forty thousand dollars' dol-lars' worth of silver; it Is not in. the weil-earncd weil-earncd riches poured upon the deserving lessees and the mine owners, nor In the Increased welfare of the miners now profitably- employed at the lease, gratifying as these things are to all. The real Importance Impor-tance of the discovery lies In the fact that a truly Immense territory of virgin ground has "been proven well worth pros- peetine. The older operators confined themselves to the line of porphyry dikes and to certain of th'e siries of outcrops between the porphyries, and In thus confining con-fining themselves to old-time theories of ore deposition the mellow mineralized country between the dikes has been almost al-most entirely neglected, although years ago the veteran operator, William l.loyd. called attention to tho possibilities of that section. "It Is true that some hundreds of thousands of dollars have been produced along the line of the older workings, but why the intermediate ground has remained re-mained unworked up to this time is hard to understand, but Is probably one of the vagaries of old-time thought."