OCR Text |
Show STINDT AND DONOHUE BUY BIG FIVE LEASE Claries Stindt and Ed P. Donohue have acquired the pis Five lease from V. H. Pitts. V. M. Christian, Jud Peck, A . t-. Carman and Cy Thomas. The lease sail has two vears to run before expiration, and the "new owners will immediately commence takins out the tonnage of ttood shipping ore developed by the previous owners, according to the Pioehe Record. This tonnage is said to be extensive. The first car to be marketed by the new management man-agement is now beinsr hauled to the depot by Dave Mathews, who has secured se-cured the contract for hauling the entire production. The work on the Bic: Five lease was started March 16 of this year and has progressed ranidlv. The ore was first indicated April li, when a capping was passed through in the working shatt, which showed heavy mineralization. The first rock encountered whleh carried values of importance was associated with the capping, which was assayed and found to contain $10 in gold, 9 ounces silver and 7 per cent lead. Later the higher grade galena was found beneath the capping. Extensive development work was later carried on with a large force of miners and sufficient surface equipment was installed in-stalled to efficiently develop tiie area. The lease has responded well to this work, done under the intelligent supervision super-vision of W. H. Bright, well-known operator op-erator and leaser from the Goodsprings mining district, and shipping ore is opaned up in a number of places. Only a short time ago a small streak was encountered en-countered which assayed over Sk'OO per ton. Mr. Bright has been retained by the new management and will have charge of the future mining operations on the property. Tho new owners consider the lease sufiicientlv developed to produre steadily, stead-ily, and, although development work will be pushed -with reasonable dispatch, all ore at present in sight will be shipped to the Salt Lake smelters. |