Show RECENT DISCOVERIES EXCITING AT COBALT Big Canadian Properties Believed Believed Be Be- Capable of Producing Producing Producing ing Great Wealth t I OTHER RICH VEINS CERTAIN SI I iV Surface Prospecting Increases Pre Present Ore In lii SI Sight ht O Over One II Iliin- Iliin un- un ii- ii tired Per ler cr Centt Cent t Y Cobalt Ont Out Sept 14 The H.-The The value or orthe of y the new discoveries on the L s 's property has been tho one topic of oC discussion here her for fOI the week weck There are many In Cobalt Coball who assert that t- t this bonanza lately discovered ll on the Is capable of producing more than the Ow Issued stock of oC the company and there Is no doubt that the veins yet t U to be le II discovered on the property properly t i will discount JT In 1 the aggregate those 1 already worked upon ulon kr f This is highly by rea reason on of or tho the unique nature of the cobalt de de- f. f posits In that the wealth of Cobalt j t does not lie In one or two or half hair a r dozen ore bodies as is the case of most of the worlds world's 0 great mining i fl r but the Cobalt area Is seamed V with a multiplicity of veins scattered t- t with surprising regularity It happens therefore that eve every acre within this I area aiea can with more or OL less certainty bo he relied upon to klum sl one or more moro I 1 veins on being exploited l This feature i A l' l Is s Illustrated h by i the fact that althou although h fE the tue Cobalt Coball area has hns been In touch with civilization for years and lumbering lum hum f f b boring bering has been carried n on over o It v rf to for a n generation s It was distinctly an J. J accident that led Jell to Its discovery Now I the property practically di divides dl- dl I vides es the Cobalt area In two parts 1 To fo tho the southeast of oC the lie Ilo t. t the Drummond the Lawson Foster t 1 r Jacobs anti and other properties while on tho the wes west vest of or the lie He the La I 1 Hose Rose tho the McKinley Darragh Darrah tho the Buffalo the Hudson Bay Day and the rest of oC the Cl r Cobalt mines t. t Ore in Sight Greatly Increased 1 y As the Cobalt area Is much soil cowered cov- cov ored ered and the veins are arc only found by tl etc so o In a general way y V each property Is only proved up In proportion to the work spent upon It While there thero have been only two new strikes of or importance this season on t. t new nc claims trenching and surface r prospecting have increased the tho ore oro In Insight sight of or the tho camp per pel cent over it- it the close of or last lost season This explains the quick succession of or discoveries that have taken place on of ot late But It Is believed the tho 1 discoveries have only be be- gun gull When Then the problem came up for r prospecting the S-IC S acres of or the Nl- Nl rissing the that process commended k Itt Ir was the hydraulic hence hence- the In installation of or the pumping Jumping plant soon tn tip be enlarged which Is now engaged ift In washing off the rock effecting the r most thorough prospecting With t the e history of the tho Cobalt area to date oYer every indication Is that prospecting prospecting pros pros- peeling will yet yd show up riches on the property of which the he wealth at present In sight Is only a fraction Cobalt Co Co- halt bait being a n camp where more than generally Is the the case area covered cowered cov cow ere ered Is a token of the property's r worth Il it Is interesting to compare the I relationship n now existing between capI capitalization cap cap- I I. I and area involved in the thea a ease case case of or some of or the other properties here that thal have been stocked r. r i Par ar Selling Jo 5 Arth Capitali- Capitali value price f Name In acres shares r h s. s shares Dar McKInley rah Sav age J 76 12 Trot Tret n hewey w r 40 l eM 00 Foster r M a l 1 40 N 1000 10 1023 MC lG OO Thc The and the Io Foster t r have haves have's s 's L large portions of oe their holdings un under er water Local Demand for i J. J From the lt will bo be s seen en that an acre Is io the rule rulo of or cap- cap In Jn Cobalt and antI the Prices price of 11 r these standard stocks are ale well I l maintained If IC the were vere t r capitalized at al this ratio It would be i for OJ It is reasoning on uch Jouch lines lints as these that has made a a. keal demand for The peo peo- pie of or Cobalt arc are becoming more kind kind- I I. I l d c-d toward oward as ns they I realize that the ag aggressive lve policy o oIts or of I c 10 It Its directorate l is doing much to adI ad atI- J. J I- I the camp carni j rhe Tho Beavers has discovered frell ered a six-Inch six vein of cobalt on the tho thoI i I rt on lot 1 concession 3 3 Coler Cole- Cole r J man Th rue Townsite company's n new nw n 1 discovery hn has been heen proved plo to be four fourr r feet fc-et willet wide wille t r t Thoro i IK I mucH dissatisfaction If exl cx- cx l pressed sell against some mme of the local com com- panics for foJ withholding the shipment of their ore mined and sacked |