Show Late reports from the Rio Grand Grubstake mine Indicate that some excellent ex- ex ore development ia close at hand handIn In the company properties In Nevada This estate is owned by local railroad and fuel men have been opening the ground for three They have Installed a hoisting plant and compressor all the work Is being conducted by power drills The Installation of this equipment cost There has been about 1200 feet ot de- de work performed on this ground a large part of which consists of pros prospect work near the surface for the pur purpose pose of getting a line on the ore occur occur- The permanent development in- in it to flie southeast a distance ot At a point about feet from the shaft shafta a crosscut on a quartz vein has been driven en a distance of from 60 to 65 feet and the assays from this vein give returns of from to 15 a ton In gold and sliver values In this working the man management expects to Soon cut seven vein that have outcropped to the surface On of these on the surface is than eight feet In width and shows values of a. a ton In gold oil me j Some of the ore opened could be shipped to the plant at a profit hut is not a grade stand the tariff to this point There are s even men employed at the and seventy five feet of de development work was performed Jasti month They expect to extend the cross j cut feet this month and hope to be in a direct shipping product at almost any time Inasmuch as the properties are owned by local people an effort Is being made to have them listed on the local board The company Is considering the advisability of doing some more financing and n the event it does It has shares ot stock to offer for sale J |