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Show SOUTH HECLA 1 HPHE prominence given to the Alta-Cottonwood mining district by the epoch-making discovery in the Cardiff would have been of little permanent per-manent account if it had not been followed by other strikes in other properties. Proof that the Cardiff was not an accident was afforded in 1915 by the South Hecla, situated in I another canyon and covering a different fissure zone. Its first important ore disclosure was made in a fissure known as the "Wedge" at a point 250 feet from the surface and reached by a raise from the 500-foot level. Here two great ore shoots were found making down from the surface to un-I un-I known depths. On the discovery level the ore, varying from eleven to fifty-five feet in thickness, was opened for a distance of nearly 300 feet on the strike of the vein. A series of raises from the 250 proved the ore to be going up with undiminished strength leaving little doubt that it continued to the surface and would connect with the ore in the bottom of the old Wedge shaft which yielded some of the most sensational silver assays ever obtained in Alta, when it was being operated years ago. Since the close of 1915 the South Hecla company com-pany has been actively engaged in the exploration explora-tion of the ground below the 250-foot level. The ore shoots have been developed on the 350 level, insuring another hundred feet of stoping ground ong the strike of the vein, and there is every indication that the big ore body extends still deeper. Until the "close of navigation" from Alta, owing ow-ing to the heavy snows of last winter, the South Hecla was sending out forty tons of smelting ore daily from its Wedge workings while lessees, operating in another part of the property, were shipping as much more and paying royalties to the company. When forced to discontinue hauling the company reduced its force, but continued development and the accumulation of ore in its bins and in various parts of its workings. In June the transportation difficulties disappeared and production was resumed at the rate of fifty tons per day which will probably be increased, and perhaps doubled, when more teams are obtainable. ob-tainable. Within the last month a large body of the richest ore yet found in the South Hecla was encountered in a drift being run by the South Hecla Extension to reach its property. It entered the ore for ten feet and had mineral on every side. Water which accompanied the ore has delayed de-layed the exploration of the shoot. While" the ore so far exposed is in the right-of-way of the South Hecla Extension and belongs to that company, com-pany, it is of importance to the South Hecla in that it demonstrates a new ore-bearing fissure which must cross the property for thousands of feet, and may have many a fine ore body along its strike. Since the first of the year the market value of South Hecla has risen from $2.30 to $3.00 per H share. The high prices of the stock is due in H part to the modest capitalization which is only M 500,000 shares, of which 238,000 are in the treas- H ury. The officers of tho company are George H. M Watson, president; Herman Bamberger, vice pres- H ident; and E. Storer, secretary and treasurer. M |