OCR Text |
Show TO TAKE OVEB COBTEZ. Valuable claims adjoining the old Cortez mine, in the Bullion district of Nevada, will soon pass into control of a syndicate that B. F. Kelly, formerly of Colorado, will organize. "I have looked all over Utah and evada," he said today, "for something some-thing that would suit the people that are going in with me, and this is the best thing I could get hold of. The old Cortex has produced id the past $20.-000,000 $20.-000,000 and is good for many more millions mil-lions I am confident. It was rated the richest silver mine in the country at one tune. Its capacity for production is just as great as ever; but it had the misfortune to brook 'the conditions which shut down all the silver mines of northern Nevada several years ago, and furthermore there are evidences all around the property-that it must have been several times in the hands of men who did not know how to mine economically. eco-nomically. "The same formation exists in the property I shall have secured when I again reach Salt Lake," continued Mr. Kelly. "Its close proximity to the Cortex, Cor-tex, together with the showings disclosed dis-closed by the work of the man that has owned this ground for twenty years are standard reasons for believing I can make as large a producer as the Cortez ever was." |