Show fINE V INE NEW COMPANY FOR FOil PHONOLITE REGION Acquires Property of Known Value Adjoining Old Il Illinois illinois il- il Mine WILL MINE MIME FOUR METALS I Lodi Gold Copper Company Launched by ly Sam King and Associates ArranA Arrangements were perfected during the he w week elc for tor incorporating a n now company com coin pan pany which it Is promised tl will accomplish accomplish ac tic- large results In th the region eglon of Nevada c u. u Sam SC A. A King KinA and Ju Judge g-c g II King of this city John ohn P. P Buzanes of or and anti Charles II IT Grill superintendent of the thi IllInois mine at I Jodl are ore the loading leading spirits In tho the new company which Is Isho ho tito owner of 25 mining claims on tin the of the hi Illinois famous ore re hotly body II It Is to he IO coiled called the Lath Gold lold and anti COPI Copper I Mining company Mr II King recently closed nn an option upon lIpon 11 I of these claims and anil the lie were vere acquired by 11 location The Tue company company com coin pany also aisi ha has a mill site and anel tI the lie only available a water vater supply In iii that lint region a supply large JarAc enough nough for fOi both hoth milling for for fOI large Jarg and ant g general purposes a community The co company is capitalised capitalized capital capital- for fOI shares harps of the par value of 1 each cach and a good block of or the tue treasury stock has already been heen subscribed sub sub- I scribed for Ol The Illinois mine Is 13 an old property six miles west est of oC Phonolite that thai was token over nei IS months ago by hy Denver Den r capitalists after aftel having been Jill idle IS years It I Is a a. high grade silver lead proposition During the t time in-ic t that ha t 1 the lie new owners have haV been In lii IIO possession they have havo expended in iii development develop lop ment and have taken out 2000 worth of me OtO which has been marketed at a 1 good profit although hauled hauld to lo Austin 43 miles distant h by wagons Their values have boon been Increasing with depth until on th the tho GOO GOi level Je tho the ore OiO I. I runs f 00 ounces in silver 10 per cent lend lead and t tS ii In gold Grill Sure Sun of HI l lilt hie The property properly of the now new company compan was wC selected largely ar ely upon the advice ice o of Mr Ir Grill the Illinois's superintendent who ho Is sure of a a. mine in the extension of 1 the Illinois veins that he h ha has resigned re rc- signed his po position to take lake the management manage ment of the tho T Lodi odi company compan On Oui at ot least ast nine of or the claims chums Is a strong showing I of ore or which at LI i feet fet depth gives of ri ounces in silver 42 12 In ill cold nn n n n 1 and IS per Iel cent copper In view of or the rapid Increase of or values at depth In th the Illinois this is regarded led as a n handsome omo showing In addition to this the Iho company has foot feet oL tic another ledge 3 IJ feet wide which of returns from 1 i to 2 In f I h 11 that thal n n. I er erIs r rIs Is to be he built bunt at nt Kodl Lodl at nt once to lrea treat the ores of or the Illinois mine tho the tho promoters pro pro- of oC the new company feel fecI Justified Justl Justi fled fied in starting an active campaign of f development e t. t Ore a lit at t Sn Samplers in pins Tho The Pioneer sampler yesterday e released re rc- leased eight cars of or Utah ore and ond car from flom rota Nevada Ne Taylor and Brunton released twenty one cai cars from Utah and twelve from morn Nevada |