Show n. n Rich lich Utah Mines Interest East Several Proper Properties ies Discussed Silver King Con Is Ss Included S SEVERAL SEVERAL EVERAL Utah properties are discussed as follows in tn the latest O market lett letter r of Charles A. A Stoneham Co I SILVER KING CONSOLIDATED I The advance of Silver Silve- King Consolidated ed Park City to a share last week gave rise to rumors that ore had been encountered In the Spiro tunnel Although the rumors proved baseless the excitement ex ex- caused by It gave a foretaste of oC the stir that is likely to ensue when the tunnel actually does get through the overlying shale stratum and Into the ore horizon The tunnel is In more than feet teet and experts figure that fe feet t tat at the least and 1500 feet at the most will carry the breast Into the Park City lime where here every fissure seems to make malce ore- ore bodies Three shifts are working in the tunnel and fourteen to fifteen feet per peray day ay is the normal rate of oC progress Th The metallurgical staff of oC the Consolidated Consolie Consoli- Consoli dated e is d doing everything t possible S b to tp hasen hasten has has- ten en the alterations lt al at the No f 2 mill l Early arly in September it is predicted this plant lant will be turning out high grade concentrates concentrates con- con in large quantities and earning considerable money The ore for this mill It should be understood will come from I the he upper ore horizon above the water level evel The lower ore horizon Is far be- be the water line and will not be accessible accessible ac- ac until the tunnel gives the water watern an n outlet In doing this It will also provide provide pro- pro vide ide an outlet for the ore and cut the cost ost of mining to a a. low figure SOUTH HECLA The South Hecla Alta Utah is at last ast making headway In disposing of tit the large arge tonnage of shipping ore which has been een accumulating at Its tunnel l for the past ast year With the assistance of oC the little narrow gauge railroad e extend tended extended d to Within 1200 feet of its ore pile the company company com com- pany any is managing to ship tons dally daily A track Is being laid which will bring the he cars right up to the tunnel portal after fter which it should be possible to ship at t least tons a day until the congestion congestion tion Ion Is relieved There Is said sald to be beabout beabout bebout about bout 2000 tons of ore extracted and ready for or loading Five large have been opened In In the sulphide zone at the east eastend eastend end nd of the property The remainder of oC ofie the ie product comes conies from the carbonate topes where the first Important strike of f the Hecla was made Neighboring properties the Alta Michigan and South Hecla Extension are both shipping DALY The new management of the West Daly-West Park City Utah is making good progress progress ress ess with Its campaign for the rehabilitation tion ion of the famous old mine The most Important feature of oC the development Isa is isa a drift which is being run to connect the Anchor tunnel with the Judge shaft Its completion will create a short cut from froin the he of oC the Daly- Daly West Daly-West Vest to the Judge mill The Daly- Daly West Daly-West Vest has been started on n full time and is treating the tailings discharged from the old mill which burned own few years jears ago s It is planned to Issue more stock and press the development development develop develop- ment campaign vigorously RIVER Far beyond Park City to the east t I mining development Is proceeding with renewed energy as the result of the re recent recent recent re- re cent strike in the a property near the Ontario Silver and partly owned by the Ontario company A mining man who visited the workings a few days ago declares that he saw a face of high grade silver ore seventeen feet In n width This In itself I if It continues for even a short distance will make a mint of money both for the owners and the he lessees of oC the mine The lease runs until the first of January and may or ormay ormay ormay may not be renewed Royalties from the are said to promise a large fUture fu future ru- ru ture Income to the Ontario Ontarl CO COLUMBUS LU M flU SR EXA LL The favorable Impression created by the dl disclosure closure of additional ore in the Rexall Columbus Cottonwoods district I Utah about four Cour weeks ago has been 1 sustained by later reports from the prop prop- I erty The long tunnel tunnel which is the workIng working working work work- ing adit of the company was extended north from from- the original ore body for the purpose rot of prospecting the in that direction In a distance of about seventy feet it broke into a bedded deposit carrying carrying carrying car car- about two and one half feet of oC very rich silver copper-silver ore As the ore was followed on the strike of C the bed the values diminished but the pay streak widened until It was fully thirteen feet across Manager Manager- Evans estimates the average value of the ore between walls at 20 to 25 a ton after all mining and other expenses From reliable sources It Is learned that with the returns from the ore in iii transit the Rexall will have more than enough money In its treasury to pay a cent 5 cent dividend on Its outstanding shares The management however seems to be of oC the opinion that the amount of oC at least one dividend should be held as a cash reserve The first dividend may not be paid until the second one is earned TINTIC STANDARD Tintic Standard last lat week realized from the sale of seven fifty tons of ore The car was loaded from one of the high grade shoots which are oc occurring occurring occurring oc- oc with gratifying frequency in m the mass of ot common shipping ore on the 1300 foot toot level Cars netting 1400 to 2000 each are shipped daily dally T The lot mentioned mentioned mentioned men men- above assayed ounces silver per cent lead and per cent cop i per The ore bedding In which these exceptional exceptional ex ex- values occur from time to time is said to be feet long and so 80 much wider than the workings that the management management management man man- on which to calculate its limits The last quarterly dividend paid by the Standard on its shares was 6 cents and increase is an ex expected expected ex- ex for the next quarter |