Salt Lake Tribune | 1919-03-06 | Page 12 | Vipont Silver is Fully Financed

VIPOIT SILVER 15 FULLHIilGEO C. A. Phillips, president, and VT. H. Paddock, vice president, of the Vipont Sliver Sli-ver Mining company yesterday announced the successful financing of their holdings through eastern interests which have abundant capital to carry forward extensive exten-sive plana for immediate development. The company Is operating under a longtime long-time bend and lease, the largo holdings of the Vipont Mining company in Boxelder county, Utah, and about twenty miles out of Oakley, Idaho. Official statement is made that an eight-drill compressor, a 100-horsopower gasoline engine, all other necessary machinery ma-chinery and equipment and two carloads of lumber have already been purchased and will be forwarded to tho property without delay. The present bunkhouse will be enlarged and tho 2000-foot tunnel relaid with new rails and additional ore cars will be supplied. An up-to-date assay office, completely equipped, is among the many improvements improve-ments to be placed at the property as soon an the material can be sent there. Some weeks ago the Vipont Silver encountered en-countered unusually high-grade silver ore in its raises Ncs. 3 and 32, which are only eighty feet apart in the workings, some assays showing values of up to J000 ounces per ton sliver, with an average of about 400 ounces per ton. The task of connecting these workings is being pushed and a considerable tc image of the rich ore is being piled up for shipment as soon as the condition of tho roads will permit hauling. In the meantime plans for the erection of a IGO-ton mill, the first unit of a plant to treat the large tonnage ton-nage of low grade oro that is blocked out are being speedily matured.