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Show BONANZA TO GO DEEPER. An assessment of 3 cents a share has been levied upon the stock of the New York Bonansa Mining company, whose property Is located in one of the 'most fromlsing sections lot Tark City. The evv is made payable on or before May 11. and the sales day Is set for May 31. From this assessment the company will raise $9000. with which a campaign of development work is proposed on a large scsle. Manager McGllI has fully demonstrated the existence of high-grade ore bodies in this territory, and from a consignment of ore that was settled for yesterday the company realized $1482. It is said that the officials of the company have decided to get down deeper in that portion of the ground where the ore bodies have been proved up, and it is possible that the main working shaft may be driven to a depth of 1200 to 1600 feet after work has been Inaugurated. This will depend upon the showing that Is made In the ground as development work . progresses, but those-v who are familiar with the New York properties are of the opinion that after the digging has been-started the management will feel encouraged to continue con-tinue operations to at least 1200 feet. With the amount of work that is being done in the Park City mines at present, it would seem to indicate the belief that the great drain tunnel of the Ontario company will soon be opened up. This will mean that the entire country will be drained, giving an opportunity to every mine of that mineral zone. |