Show fINE OPTION DECLARED DECARD FORFEITED Rich Strikes in Propel Property ty and Holder Fails Faits to Meet Terms The rime option on control of the Seven Troughs Fine Gol Gold Mining company given about three months ago to Charles Brewster acting for Ne New Ncr York capitalists was yesterday declared forfeited for for- felted cited for the reason as alleged that hat Brewster ter has fall failed d to comply with the theIn contract ct In In the tho n matter m of making pa pay nay nay- n ments ment 1 Brewster was to have pal paid 10 cents a a. share for tor some shares of the tho Company's s 's stock which would woul have c given him him control A relatively small when the first payment was made but second pa payment ment fell teU duo due It was vas allowed to lapse Brewster is at present in Nosy New 1 w York presumably for the tho purpose of ot raising the time money mone needed clI to make But Dut he was notified tho option goo good by b wire yesterday yester ay that on account of or failure to comply with the terms of ur tho contract the option hail had been cancelled Stock of ot the Fine Gold Gol company is largely held by Salt Lal Lakers ers Little LitHe work worl has been done loto on the property on company compan account but Lesee George Goorge English have prosecuting ing ug In g considerable development work worl Some Somo of or the most sensational high high- grade strikes es cv ever r made In tho the district have been beeh made on Fine Gold ground but out it Jt was only recently that the tho lessees gained sufficient t depth to get Into tho the n regular gular formation Since Sinco then thc they have opened a n. body of or high grade ore ure in place that promises to make mako tho Fine Gol Gold a bonanza bonansa Im In a 0 tunnel at about feet depth the they have ha two feet teet of ot sulphide ore that runs better than 00 a ton with four Cour or five In In- In Inches m ches that goes into the tho thousands s. s Al Almost Almost Al- Al most coincident with that strike George English opened a 0 vein on the surf surface ce from which they have been Bricking ore of ot remarkably high values val val- U ues es As a n result of ot these developments the stock of the tho Fino Fine Gold Goltl company has las advanced advance measurably in value inthe Inthe in inthe the minds s of Its Ils owners as ns wen well as us of ot the tho general public Small blocks have e been jeen sold recently at private sale at from 35 25 to SO 5 cents cent a u share it is said |