Show FINANCIAL c IAL AND liNING NEWS W STOCK REPORTS Ej AND AD VIALL STREET READY TO DRIVE BORE BORETO BORETO TO BINGHAM THROUGH WEST NEST MOUNTAIN Assurances have been received by officers of the Pine Canyon Bingham Bingham Bing- Bing ham Tunnel company that sufficient capital will be provided by strong strong- local and eastern financial interests to construct construct construct con con- Its projected bore through the Oquirrh range known otherwise as Bingham West Vest mountain It is expected expected ex ex- ex- ex by the promoters to thus tap lap important new fields of copper ore and vastly increase the production pos- pos of the country lying Immediately im immediately immediately Im- Im mediately at the doors of Salt Lake to the southwest Starting in ill Pine canyon this tunnel is conceived to pass under the producing producing pro pro- mines of Bingham camp Its charted elevation is feet teet said to tobe tobe tobe be lower than any other tunnel of this district and it is expected to be the shortest route thereto Its promoters also declare that It will pass through the largest patented mineral area in the district and carry exceptional value b because cause of its probable practical practical practical service as an efficient drainage I channel and means of cheap transportation transportation transportation trans trans- from the mines The officers of the company are anticipating anticipating anticipating an an- that the water flowing from the tunnel will be in demand as an Irrigation resource for the farmers of Tooele valley and afford a material element of revenue to the tunnel cor cor- It is anticipated also by the promoters that the compan company's s revenues from the transportation of ores will constitute one of Its most important sources of income Inasmuch as the International smelter is located but butone butone butone one and one-half one miles from the tunnel portal and that Bingham ore producers will gladly avail themselves of the ad advantages advantages advantages ad- ad vantages afforded by the tunnels tunnel's shipping shipping shipping ship ship- ping facilities to this and other of the local smelting plants The company is said to own mineral claims extending easterly to the top of the mountain In the area of these claims are said to o be two northeast southwest post mineral fissures of a pronounced type well defined and a I bedded zone in contact with porphyry called the Star vein The rock structures structures structures I tures are credited with being porphyries porphyries porphyries por por- of a phase with al alternating alternating alternating al- al and in which are found the different commercial commercial com corn mercial ore bodies of Bingham The fact of commercial ore in the limit of this property is only the question question question ques ques- tion of development Sample returns from surface work range from 2 Z to 6 per ton says Engineer Engineer Engineer En En- Henry Jones expert for the company compan Mr Jones adds In the acres of patented land which covers en entirely entirely entirely en- en all approaches to Pine canyon there are two natural reservoir sites also mill sites and table lands for dwellings for a a. large number of 1 also an ideal waste dump I Ifor I for the mines There are gallons of water I coming coming- from present tunnel every twenty four hours houts and a spring of w water ter which will supply 1000 families c constantly flowing Several well wen Informed prominent mining and business men and several mining engineers have endorsed this project The he most favorable conditions exist I I for developing the large mineral area in hi the two forty-two mining claims owned I by this company Arrangements are I made to start a. a 0 large force immedi immedi- I The Pine Canyon Bingham company company com corn I pany is Incorporated under the laws I of Utah for for par value 1 1 each The officers are ale J. J B. B Moreton president Richard Savage e first vic vice president Homer Benton second vice president Louis LeVine secretary and treasurer direct directors directors' rs' rs Henry Jones Arthur E E. E Moreton and Ray Van Cott |