Salt Lake Telegram | 1915-11-19 | Page 6 | Reed's Peak Strikes Mineralization in Tunnel Face

REEDS REED'S PEAK STRIKES IN TUNNEl fACE Park Cit City stockholders of ot the theR R Reeds Reed's eds ed's Peak Peale prop properties are are rejoicing over the reports coming from Big Cottonwood to the effect that thaC some some is coming i in hi The main tunnel workings h have Ye be ben been n ex extended extended extended ex- ex tended for a Ii distance of over over feet and surveys on the surface in indicate indicate indicate in- in that the pay pay ore will be encountered encountered encountered en en- countered at a point not to exceed feet from the portals of ot this adit Good progress is 18 being made thade in this thle tunnel work since preparations were completed for a winters winter's campaign of development operations It is believed that the tion Is from the Birthday fissure which is expected to be the source of ofa ofa ofa a big ore deposit The development work is checking up so closely with conditions that have been forecast by bythe bythe bythe the experienced mining men men of or f Park City that they are expecting to re receive receive receive re- re the announcement almost any day that a strike of ot importance has been made This condition at the mine accounts for the activity in the stock here this week which has gained several points on the strength of ot buying orders from the Park ark The company owns twenty one claims comprising more than The Tile ground has surface in indications indications indications in- in acres said to be identical l with that at the Cardiff mine The white lime stone higher up O on the mountain mountain moun moun- tam tain carries good ore from which a fair extraction has been made at various times The tunnel now being I driven gives a big depth on this formation formation for tor- and should show the same mation Character character of ot ore in n deposits like has been found in the Cardiff The company is incorporated for shares stares of ot which shares harp have been issued The present preset pres pros ent et selling lellE valuation is is' only is encountered and in the event ore the company campany only has a a- small capitalizatiOn capitalization capitalization cap cap- the to handle The results of f will be closely followed olIo ved operations from now on 11 I