Show E tintic gintic dev has strong ore body consolidation deal has been called off and manager kellogg has pur chased ha sed worth of machinery will be a big mine aline the deal for the consolidation of the east tintic gintic development provo mining co and eureka lily proper ties has fallen through the apropo was up for discussion at a meet ing held at provo on monday and the eureka lily and provo mining co shareholders failed to accept the offer made them by the directors of the east tintic gintic development co As soon as it was given out that there was as no chance for a consoli consolidation dati n Alana managed gei ralph kellogg of the east tintic gintic de co went to aalt lake where he purchased a portion of the machinery which the company will install at once the hoisting engine boiler etc will be purchased from the tesora company whose proper property tv is in the south end of the district and the compressor drills and other mate rial will be shipped out from salt lake no time will be lost in installing the new plant and then the east tintic gintic development co will not only be in a position to handle the ore which was recently enciu but to put the workings down to greater depth where the richest ore will un be found the east tintic gintic development company s ore is a high grade lead product and the premium which the smelting company offers off ers forjin for th e feigh charges charges with the proper hoisting equipment machine drills etc the cost of mining the ore will be small and the expense of hauling it to the railroad will also be extremely light the property 3 holdings of the company are not options but are paid for and with mith sufficient mone in the treasury to pay for the new equipment the fa fu ture of the c mcany is surely very bright on wednesday of this week the drift in the east tintic gintic development cut the ore fully 60 feet below the cave in which the ore was encounter ed a short time ago it is an imbor t tant a nt strike because it indicates that t the he ore goes down and that it is get ting stronger and richer all the time there is every reason to believe that the ore goes to great depth and it if it continues upon its present dip the company will have fully 1000 feet of theore the ore body the east tintic gintic develop ment company s strike is undoubtedly the most important that has been made in tintic gintic in many 5 3 ears W R wallace m was as out from the capital the earla part of the w eek for the purpose of looking after his mm min ing and real estate interess int erets mining news continued on page 3 |