OCR Text |
Show B. F. KELLY'S PURCHASE. . Eleven claims, known as the Cortez group, adjoining the old Cortez mine in Eureka county, Nev., have been acquired ac-quired by B. F. Kelly, formerly of Colorado, Colo-rado, and who has been making Salt Lake his headquarters for several months while searching for property that could be easily transformed .from unproductive to productive conditions within a reasonable time. "It has required a lot of investigation," investiga-tion," explained Mr. Kelly, '"to discover dis-cover just what I wanted, but it seems that I have been at last successful in attaining my ends. The mining ground that I have bought is in Tenabo mountain, moun-tain, one of the highest peaks in Nevada, Neva-da, and the ground that adjoins my claims on the north is known as the old Cortez. and has been operated for many vears by the Tenabo Mining company. The books of that corporation show that it has shipped a total of over $12,-000,000 $12,-000,000 in high-grade silver ores. They have worked up close to the end-lines of their property on their vein, and in fact are now working at a point within 300 feet of their limit in that direction, and the same fissure extends through the claims I now own. "The eleven claims I hare acquired are traversed by the same lime forma- tion, witn a quanzue qjkb w feet wide running through the lime from north to south and porphyry fissures fis-sures run east and west. The conditions condi-tions for high-grade silver ores are therefore unexceled. They are the same as prevailed at Aspen, Colo., which was the most gigantically rich silver camp in all the United States in its day. The high grades come in chlorides and stephanite, of which many hundreds of tons have been extracted bv the Tenabo company's employees. '"The nearest railroad station is Beowawe, thirty-eight miles distant, on the main line of the Southern Pacific railroad, and the wagon haul for the ore and supplies is quite long, but it is such a good road that the expense of the hauling is reduced to a minimum. "Immediately -upon securing the property I placed men to work on one of the porphyry fissures, which is four to eighnfeet wide, and have only a few hundred feet to run before striking the contact. There the high-grade ore will be encountered, and I am confident that immediately the shipment of pay ore can be inaugurated. "It is what I consider one or tne snaps that has been lying around undeveloped unde-veloped in Nevada, only because silver mines were not in demand during the last few years,. and now that the price of silver is up and the working of a mine like this will be very profitable, I consider that I have acquired a bonanza. bonan-za. It will not for the present at least be placed in a company; I therefore have no stock for sale, but it is my intention in-tention to develop the property myself and make it one of the biggest producing produc-ing silver mines in the Sagebrush State. It will soon be more than paying its own way." |