Show EL CON CONI WAS VAS REFUSED EXTENSION OF OF OPTION W Lester Mangum said gaid today tb that t the tho Goldfield Goldfeld Consolidated failed to exercise ex ox- ercse its option opton on oa th the controlling interest in in- terest in tho the Aurora Consolidated Mining Min i ing company thou though h an aa effort efort was wo made to havo the time extended Mr r. r Mangum Man Man- Mangum gum m said that tho Kih Knight interests roo ro- ro fused t to more give tm time and that tho Goldfeld Consolidated ted had from twan- twan ty five to fort forty men en engaged a cd in ih ii sampling sam earn sm plin pling the thc ore oro deposits up to fa the day I that the option opton expired Ho He made it plain that that the Provo capitalists were well weB pleased with wih wih the tho Aurora properties 1 and that they had simply put a lair fair I II price on their holdings I R Recent development has shown hown that tha the ore zone extends extends' west of the tho shaft shaf on oil OD the thc first levels On the tho fourth level lc the forces have havo havo encountered a fault and it is is yet to bo be determined whether or not tho the vein extends below the foot level ol le on the west Tho The showing showing- in this section of the property H ia is particularly pleasing inasmuch as it waa 8 not expected that any pay ore oro pro would be bo found in n the tho western ster section of tho the company's holdin holdings s To the ithe rhe cast of tho the shaft liberal dc dc- e. e posits of an average grade of oC 5 gold goh old ro rock k has been exposed on all al four of the levels This Tide is 18 isas as deep deef as IS tho the de clop nent has been do done c but tho the oro promises to mako make to a still sti greater depth Some SODO of ot this mineral bearing bearn ro k is qui quite e rich but it seems certain cerain th that t tho the company will wi bo ho o able to maintain main main- man I tam tain tam an average production of 5 7 to t the ton Recent development has bus causo I tho the bi big p interests interest to plate place a higher valuation vaIn on the entire properties i Relative to construction Mr Ir Mangum an says that tho the contractors ox ox- poet to have havo tho the plant completed anc and rend ready for ore treatment by Juno June 1 L 1 However ho thinks it will wi be along late in the tho month before tho the plant is ready for operating It I has a capacity of ot tons and with all al units working it IB iy is expected a good earning will wi bo be shown show from the outset outset Some Sonic have placed tho the earnings as a high as 3 a ton tOD but even 2 2 would give tho the company not net profits of f annual annually on an au in investment Dt f of less than |