Deseret Evening News | 1909-12-03 | Page 6 | Newhouse Enters District of Ely

NEWHOUSE ENTERS DISTRICT Of ElY I Ho JIe anti nOlI Windsor V Y Rice or of Tills This City Cit Join E W Ci mill mid Associates In Ely Eb What Is believed to be bo tho the first filst In Investment Investment vestment of ot Samuel in Ely EI has just boon been signalized by his en entrance trance tranco into the new company which is being formed to develop tho the ground of ot the tho recently put pur purchased chased by b E B W Griffiths of oC this city Associated with Mr r In tho the company will be bo Windsor V Y Rice also well w ll known in hi mining circles in Utah It Is presumed that both men will bo ho given Ilven a place paco on the directorate of oC o the tile now company compan which will vIll shortly Illo its articles of or incorporation and their Into It will give strength and to the company compan Before leaving for Kly y last night Mr rr 1 Griffiths announced that tile the financing of the tho proposition Is now completed d and ami tho the work on tho the property which I Iwas was started almost as ai soon as at Mr lr t Griftiths Griffiths acquired tho the ground round will now bo be pushed more energetically than thUl ever This work at present consists in iI driving tug InS a n tunnel to crosscut the tho five veins elm which are aro known to occur on the thc prop property I erty A blind bUnd lead ead was cut a n few fow days ago which was found to be bo four feet wide and to contain fair ah values That Thal the th management will cut other Important taut tant veins with the tho progress oC or the Ute tunnel there is not tho the least doubt It ItIs ItIs ItIs Is expected that thal the farthest vein will willbo willbo willbe bo be cut at a depth of approximately reet Tho The property comprises about 70 acres of or mineral land the tho surface 5 indications of or which ear car mark It as a n winner It ItIs Its ItIs Is s also aIso in good company compan having for its lt neighbors the tho Ely Calumet on one end and md the McDonald cDonald Ely Ey on tho the other At the present time about 16 men are being beinS employed in development The Tho company owns 2100 loo feet along tho the of the five veins all al ot of havo hao good indications Sonia Soma high higl grado grido copper has lias been found round near the th lh surface SUI face assays showing 35 per cent n the red metal being obtained from taken from tho the depth of or 42 41 4 under tinder ground