Salt Lake Telegram | 1930-10-23 | Page 16 | Nevada Mining Property Goes to S. L. Man

I. I Nevada ev da Mining Mig Property Goes Goes- To S. S SL L. L Man i I I I The Tho Sierra t. Nevada and Scorpion i mining properties In the th district of Nevada purchased by Arthur Arhur Thomas Thomaa Salt StIlt Lako broker bro bro- ker and mining man dt tit a silo mID on un October 16 Mr Ml ill Thomas l' l hero hero- Thur Thursday day after clos cbs clos tite ng-tite the deal Thom Thomas s Is ls working out out- outa a reorganization rear rear- n- n noC of oC tho companies s with a s aview view of or bringing tho properties back Into prod production Details of or tl tho thoun- thoun D un undertaking un- un o ha not ot been completed d and no iio announcement concerning future plans for tor or development were m made Ho Hf tc reported here nere Is Js n. n growing grow grow- ing lag Interest in Irl th tho lU district and and- th that t more than forty f feet t of ot relatively high grade silver gold milling ore ra has h been o opened ened In hi tho Comstock tunnel 4 Tho Tho- first twenty feet teet carefully lie he said sald showed ed 10 4 1 4 1 o ounces silver and oune ounces s gold or or 1130 n. n ore on the on-the tho basis of ot cent 35 silver er The second twenty feet as assayed assayed air as- sayed ounces silver and 52 62 ounces gold Along the tho west vest wall of ot the deposit there thero Is considerable ore that has a Ii value alue of 2075 75 per ton Indications are that the de deposit deposit tie tie- posit contains at len least t. t tons although only a 0 limited amoun amount of ot development work has been done Thomas paid that th the disappear disappearance ance of Charles V. V Bob New York lIst capitalist in Chicago was creating much Interest and speCulation speculation speculation specula specula- tion In hi N Nevada ml mining ln circles chles Bob was well known In Nevada where he first gained prominence At the time Ime of his disappearance nc he was was wa financing several mini mining ventures In n that state anti and these thee ments probably will wilt ccase cease unless Bobs Bob's backing Is ht continued ed