Salt Lake Telegram | 1916-03-04 | Page 9 | Gold Chain's Strike Above 400 Level is a Rich One

GOLD CHAINS CAIM'S STRIKE ABOVE LEVEL IS ISA ISA A RICH ONE Gold Chain and have b been en heavily traded in on the exchange this week and it is understood that there have been some important developments in the former mine which may have an Important bearing on the latter The new gold strike above the level is no doubt one of ot the best beat finds that the mine has had in some flome time and already two to carloads of ot ore have been shipped from a face which if reports are not misleading misleading mis mis- leading carries better than two ounces ton to the ton As a general thin thing gold ore comes in n small alf deposits W here in fo Tintic but the body of ot gold ore in the Gold GoldChain GoldChain GoldChain Chain is by no means a small t One ne says Eureka Reporter Col Cot C. C E. E Loose the manager man o of cC the mine states that last st month was one of ot the best that the Gold Chain has had in almost two years and if if the present earnings earnings' continue it is but natural to suppose that this property will v be I able e. e to o resume the payment or ot divIdends a very overy few months Not only are conditions favorable in the upper portion of the Gold Chain but better bettel better bet bet- ter tel ore is coming from the lower levels On the 1500 where the work is being handled from the Lower Mammoth some good silver-lead silver ore is Os now being mined A car of this ore was sent to the smelter early in the week New discoveries in the Gold Chain naturally nat pat call l attention n to the o t nw property a part of w which was but re recently recently re- re leased to the former company It ItIs Itis Itis is said that in order to get to a very likely like like- likely ly looking part of ot the Gold Chain ground it will be necessary to drive through the and that the chances of t en encountering J tf i d countering t ore are so good o that the h Gold GoldChain GoldChain Chain management postponed this piece of work until the lease from the Opo Opo- hongo bongo was duly signed up This Is not the only work that is under way in th the as two sets of leasers are busy in the older workings of ot the mine in inthe inthe the n neighborhood of f the l level a and only this fb week kO kOn one n of Jr these e blocks ks of ground worked ground worked by Smith and Boyd Boyd- produced a carload of ot 7 per cent copper ore