Salt Lake Telegram | 1916-12-24 | Page 27 | Tuolumne Strike Topic in Butte

TUOLUMNE IE STRIKE SHE TON TOM BUTTE Finding of Rich Ore Body Excites Many Copper Investors Bf 57 The T fir or ft s. s New S file BUTTE Mont Dec Dee 23 Not 3 Not in years has bas any mining strike In the Butte district district district dis dis- dis- dis caused aa as much general excitement in mining circles as has the opening of the large and rich body of commercial ore by the Tuolumne Mining company In Inthe Inthe inthe the Butte Main Range property and the further development of ot the rich ore bodIes bodies hodies bod hod- ies In the Davis The stock of ot both companies Is held largely In Butte and each has several hundred local stock stock- holders The first announcement of the Tuolumne Tuolumne Tuolumne Tu Tu- Tu- Tu strike was made a week or so ago agor when General Manager Paul Grow stated that a a. vein ein four foul feet In width with an average assay of 39 per pel cent copper and 27 ounces of silver had been opened up at a distance of feet from the tho Sinbad shaft on the foot toot level of ot tho the Main Range property This was most encouraging but it was not until some five days had been spent In additional development of ot the ore body that the announcement was made officially ot- ot of officially that started the real excitement Manager Gow then gave out the followIng following following follow follow- ing report The ore body which has been encountered encountered encountered at the end of ot the crosscut on the theli foot Ott level of tb the ll db In n the Spread f Delight li vein r is believed v J to be a continuation continua continua- continuation n tion of ot the Leonard ledge As far fur as opened up to date It shows ten and one- one half feet of commercial ore and an assay of ot five samples taken clear across gives an average showing of 51 61 per cent copper and fifteen ounces of silver to the ton Tho The ore body has been developed for a distance of ninety five feet and the tho foot wall l has s not yet been disclosed l s The i hanging I wall t l fissure u eee of f the Spread ad 1 De Delight Delight De- De light vein Is twenty feet teet wide twelve feet of which is well mineralized and four feet of It commercial ore This Is followed by bya a horse borse of alternate granite forty-five forty feet wide containing a number of seams Beams showing show show- In ing good copper values value To the south of this horse of granite the vein fissure has lias been opened for a width of thirty feet and mineralized throughout with ten and one-half one feet of commercial ore and the toot wall not In sight The strike has had a bl big effect in In Inre Increasing In- In encasing creasing re Interest In all the companies holding mining properties In the eastern I Butte Butto district The Tuolumne company ny holds 51 per cent of ot the Butte Main Range stock and under its contract with the latter company it will own 80 SO per pel cent of ot the stock when It completes Its Us con con- tract The North Butte which owns 1000 acres in that district and Is now developIng developing develop develop- ing log the property also felt the effects of oC the strike I Davis-Daly Davis has been developing some rich ore bodies on its lower levels It ran I its crosscut c on the h foot 2400 t level to the theore theore 1 the I ore ig body recently c tI opened p on the foot 2500 f level and found that the ore there was I even richer and more extensive than in inthe inthe the level below I. I Ithe Davis Daly Is all In readiness to take advantage of the high prece of copper early In the coming year It Is held back only by its to host ore and as aa soon as the new hoist arrives and Is In Installed installed installed in- in stalled It can tart s-tart shipping several hundred hundred hundred hun hun- dred tons of the finest high grade ore per day that will wl rapidly put It Into the dividend paying class It is the development of the new ore bodies and the rapid work toward In Increasing Increasing In In- creasing the tho output which have combined to send Davis Davis-Daly stock In the past two weeks from less than 2 a II share up to 7 1 a share A hf large ge share shara of the buying ha has come from the miners employed ed by the Davis Davis- Daly and their friends here In Butte They The alt all have ave Implicit faith In tt the future futuro of oC the property