Show DEAL CONSUMMATED I It PANACA MINE MIN J t fR A A. A n mining deal which is likely to be beof of oC f considerable importance not only to Pioche bu but to Lincoln count county was this week and through it it Ernest A. A A. A Hod Hodges of this city and H. H W W. Rand of Portland Or become associated associate with wih William Wilam Lloyd Llod an and Jolin Jon R. R Cook Cool in inthe inthe inthe the 0 ownership of the Panaca mine in inthe inthe inthe the Chief district just out from irom Panaca Hodges and Rand Hand have ha purchased pur chased the tho interests bold heretofore b by Christian P. P Christian P P. Ron Ron- low Jr Lorenzo Lrenzo Reaps Heaps an and l W. W E. E l Long on of of Panaca which amounted to four fifths of the tho property says the tho Pioche Record I From Mr Hodges it has hns been ascertained ascer tamed that the estate is to form the foundation foundton for a new company which is to b bear ar tho the name of compan Golden Chief Mining and Cyaniding company compan th the ar articles u- u tides of oC incorporation of oi which will wi be drawn in a few fow day days Tho The Panaca Panna mine is is strict strictly and wholly n a gold 01 proposition preposition and is live of ore in ninny many respects respect identical with ih tbt obtained in in the noted Consolidated Consoli dated Mercur mine of Utah with the exception t that bat the Panaca ore ore contains higher hc values almost twice DS as much Consolidated ore averages around 4 a R ton ion whereas berea tho the Pan product cuts cuti ut close coc to 50 a ton Upon the lump dump it i is estimated there thero are piled pied and md awaiting rn treatment by 11 cn 1500 tons Ions nf of ore that between and anil 0 0 per lou lot while I in ill 1 the mine mino mine workings n it i is claimed there then thenis I is j If worth actually act developed 1 and blocked out out Tho ho property fans bs been exploited to n a depth of feet the channel cont containing Us 58 is precious riches lias Jias 18 been followed for foi or P more mor than ff fret t. t while hi cross crosscuts its hare Ime proved the resources to be at least icat six feet in width Mr r says the new DC will wm to erect proceed J a n fifty rith ton cyanide es-anide mill nm at Lt t the mine Wat Water r for use tio I t. t milling will wi be bo oh oh- tamed at nt a point about bout two and a half miles mileR distant and anil ani conveyed to tn the mill through h a L pipe line of ot ions buiLt nC to meet present lt and mt requirements |