| Show IUt h Mim Ar Are Attracting Much Attention in the East Number of at Properties Are Discussed in Market Letter of Big Brokerage House S T THE HE extent to which Utah mines are arc attracting attention in the East is s indicated by the following from the latest market letter of Charles A A. Stoneham Co S Eureka Bullion Having Bullion Having completed the installation of its new electrical equipment equipment equip equip- ment the Eureka Bullion East Tintic Utah expects to make more rapid progress progress progress ress in the development of the very promising promising prom prom- ising mineral r showing O on the h foot O level 1 n north tl of 1 Its orli shaft lL The h main al north fl drift is showing Increased d and its present objective Is a cross break about feet ahead In the west crosscut crosscut cross cross- cut out from this drift there i Is said to be a sprinkling of ot ore some of it of shipping grade but the Impression Is that depth is needed to get the best beet results To this end a a. will be put down below the leveL At the top of ot ota a raise from the east end of ot the crosscut three feet of ot shipping ore Is reported A shipment of high grade Is promised soon Eureka Eurela Lilly ThIrty Lilly Thirty feet of ot mineral mineral- including many very rich seams of silver and copper has been exposed In Inthe Inthe inthe the east crosscut at the foot 1640 level of ot the Eureka LIll Lilly In driving through the second fl ure discovery overy of ot which was announced a week ago The values are disseminated through the hard lime filling tilling every crack and orifice Three samples taken b by Manager Mana-er Grant Snyder this week ran from 1176 to 1245 per cent copper 15 9 to ounces silver and about 5 3 In gold to the ton The crosscut will be pushed on to the east until lt t penetrates the four five or parallel paral paral- I lel id fissures which were cut on the 1400 foot level Its present breast is about feet from the station The first fissure fissure fis fis- fissure fis- fis sure was encountered b by the crosscut feet reet from the station A drift south on the strike of this fissure has been extended extended extended ex ex- ex- ex tended feet and shows bunches lunches of ot silver copper and lead at Intervals allI all the way with Increasing to the south where It t Is approachIng the I extension of the Tintic Standard zone The ground is also becoming more favorable favor favor- able to the deposition of ot ore The formation forma forma- tion Is softer sotter and looser From eight to ten feet In one days day's work worle Is not an uncommon un common achievement for the contractors contractors tors who are doing the work The prop prop- ert arty erty of ot the Eureka Lilly is immediately west of the Standard and It has exactly the same geological formations as ito itt famous neighbor For this reason it is a favorite with the Investing public and its shares chares are eagerly whenever whenever whenever when when- ever there is a a. recession from the ruling price Conditions at this time are more moro favorable than ever before a concentration concentration concen concen- of ot the values being all that is I needed to create a shoot of bonanza ore Eureka Croesus Very Croesus-Very Very favorable re reports reports reports re- re ports are coming from this new Nevada property and much Inq Inquiry iry regarding It has developed on the curb Owing to the activity of the various new stocks In the East Tintic district Utah some confusion confusion confusion sion has been caused by a a. misunderstanding misunderstand misunderstand- ing regarding the location of Croesus But it is simple enough Eureka Croesus Is la in Eureka Nev an old established camp which is being rejuvenated on ac- ac of the improved condition In the silver metal market and unquestionably will continue for many years ears F. F L. L Torres president of the Eureka Croesus is now at nt the property with other officials officials of of- for the purpose of ot Inaugurating new and e extensive operations but definite definite definite nite plans have nave not yet been made pub pub- lic Emerald Mining Shares Mining Shares of Emerald Tin Tintic tic Utah made a sudden advance I on the Salt Lake market last week from 29 to 36 16 cents The rise followed a ru rumon rumor rumor ru- ru mor mon that shipping ore had been dIscovered discovered ered erect by the east drift on the 1000 toot level As a matter of fact the thrift drift was not in ore but In a a. quartz formation which In that part of the camp frequently frequently frequently fre fre- fre- fre carries ore A strong flow now of ot water from the drill holes testified that some kind of break eak was being approached approach d. d Assays on the quartz show values In gold and silver Zuma 1 0 the report t current t In sJ Urr Salt Lake Lale a few days ago t to the e ef effect effect ef- ef that the Zuma East Tintic had encountered three feet of ot shipping ore Is not borne out by later advices it I Is stated elated officially that there are streaks of silver lead In the face of the west drift on the foot level Indications of ore are found also in the i east face of ot the same drift The management management management man man- manI I expresses the opinion that the drift Is In the easing casing of a vein Such ore as has been found in the Zuma runs V very l high In silver sliver and a comparatively small streak of ot It would be worth stop- stop in ing |
