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Show I Mining JSfote. m The Mountain Lake mine, near Brighton, Utah, II which is controlled by Senator Rawlins, David I! Evans, Jesse Knight and J. S. Moyle, is a sur- II prise party to the mining world. It has come into If prominence the past week and heretofore very few even knew of the existence of such a property. prop-erty. Right in, this county, too, a few miles from our back yards, and from appearances it will be a bonanza. The people who now own the property prop-erty acquired it a little over a year ago, and upon taking possession began development by running a cross tunnel north and west from the old tunnel in the property, which was in 700 feet. Within 100 feet a ledge was encountered and work was continued over seventy feet before the opposite wall was struck. Senator Rawlins gives out the following assays of the values of ores found in the all-ore ledge. At I the start the ore encountered ran 6 per cent cop per, $2 gold and three ounces in silver, and the last fifteen feet 13 per cent copper, nine ounces silver sil-ver and $5 in gold. A tunnel was driven to the northeast, and in the last twenty feet, the tunnel j being in forty-five feet, the assays were 13 per cent copper, seven ounces in silver and ?4.50 gold, the last ten feet, however, running 14 per cent copper, nine ounces in silver and ?10 in gold. Senator Rawlins states that shipments will be continued as long as the roads are passable, and I says that he thinks the Mountain lake is one of the great copper properties of Utah. Nothing will be spared to fully develop the property . The holiday number of the Salt Lake Mining Review was a beauty bright, with 100 pages of j invaluable matter for the mining and scientific I man. Great credit is due Messrs. Higgins & Korns. They have made the Review the best mining journal jour-nal published in the inter-mountain region. That record of the Golden Gate mill of 1600 tons in twenty-four hours is a wonder. It isn't often that a mill of 1000 tons capacity gets that i busy. Black Bess has caused a lot of petty squabbling on the exchange the past week over the sale of just 100 shares, a broker selling that amount on a future at the high price of $2. Later he found that it had been purchased by one of the owners of the property and that all stock had been pooled'. The troubles' were brought before the governing board of arbitration, but the board took no action. ' Morris Sommer, acting for the Mount Aetna Mining company, made the final payment during the week on the Ammedi, I Don't Care, Austin, Queen of the Hills and Jessie K. claims at Bingham. Bing-ham. The Papea and the Trida, two patented claims j at Bingham, were secured by W. H. Tibbals dur-! dur-! ing the week, the first payment being made on j Wednesday. The claims are near the Dewey mill and ore ns been taken from them already, good values of gold, silver and copper being found. I The price of the property is ?5000 and two more payments are to follow. The property is for Eastern East-ern people, who will begin systematic development in the near future. Chloride Point, the old disappointment, is once more shipping ore and Hal Brown, who owns the control of the property, says that he will work the mine again in the near future. The shipment of a few days ago netted $333.11 and amounted to some 19,650 pounds, and another made before this resulted in a nice little clean-up. Two miners who have had a lease on the property prop-erty recently struck a body of ore and the late shipments are the first results. The Record of Park City publishes a gratifying record of the year's work at that great camp as follows: "This has been the most active year in mining, extending to all mineral sections of the State, in its entire history. More capital has been invested, wider scope of territory covered, and more systematic syste-matic research made than ever before. The results, re-sults, too, for the State, have been grand beyond expectation; the totals of extraction and distribution distribu-tion have been magnificent. The sum of $4,349,000 in di Idends in twelve months from one branch of industry for a State is certainly a handsome one. What, then, is the measure of credit that should .fall to one district alone, where that district contributes con-tributes more than half of this entire amount? Such is the case, and to the mines of Park City falls this gratifying distinction, for of this $4,349,-000 $4,349,-000 in dividends, our matchless mines have poured out during the year $2,939,000. This Is an increase for this district over the preceding year of $314,000, as will 'be shown further on in plain figures. "Few there are who realize the great importance import-ance of this district in the mining world, and the following statement of facts should be most gratifying grati-fying reading to all who take an interest in their district and are imbued with the faintest speck of local pride. "The total dividends of the mines of the State for 1902, in round numbers, is $4,349,000; of this amount Park City mines contributed $2,939,000, or nearly two-thirds of the entire amount; the total dividends of the mines of the State for all time is $49,143,150, and of this entire amount Park City mines have distributed $26,256,000, or $1,684,425 in excess of half of the dividends for all time. "The following table of shipments through the Park City sampler for the year ending December 1, 1902, will give an idea of ore production: Mines. Tons Daly West 6Gj313 Ontario 29,138 Quincy 10,925 Anchor (concentrates) gQgo, Daly '87 Loring Bros 726 California 424 Barnes Bros 69 Sundries 7Q Tl tons 115840 "Add to the above the amount shipped by the great Silver King, 42,347 tons, and the grand total is swelled to the magnificent quantity of 158,187 tons, an increase over last year of nearly 25000 tons. "Once again, then, with the certainty that these old producers will materially increase their output in 1903, with the preliminary work already done on at least a dozen more producers, many of them sure to be shippers, what may be looked for the coming year? Who, indeed, can estimate the greatness of the future of Park City and her matchless match-less mines?" |