Show I BUCK MOUNTAIN IS GIVEN BRISK START S1 ART Eastern Men Place Snowflake ke Merger in Position to toDo toDo toDo Do Work BIG MILLING PROPOSITION From Wide Ledge Traced Feet Good Ore Is Quarried V The Buck Mountain Nevada Neada Gold Goll Mines nes company compan Short and ant Elliotts Elliott's big consol consolidation aton of oC the Snowflake o an and I other mining companies In the Gold Springs district district was sas Cormal formally launched at it an em early I hour yesterday esterday morning when a group Group of ot twenty capitalists from Detroit Detroi Mich on the train that was bearing bearinG them homeward after aCer a visit to the compan company's s property subscribed subscribed subscribed sub sub- scribed for more than shares of oC the company's first allotment of oC treasUr treasury treasury treas treas- ury Ur stock at 45 5 cents a share shar The he price was for Cor that day ay an and date on only the figure fixed for the remainder of oC the first allotment of or shares beIn being be- be In ng ing GO 50 fO cents a share The Tho com company pan Is capitalized for shares chares par value U 1 a share with sharp shares In iii the treasury Tho The Thol l listing ln and anI handling of or the stock stacIe in inthe inthe the tho East Eat has been leen placed In the tho hands of Edward E. E Richards Richard and company 10 50 lO Broadway New York who have an announced announced announced an- an that It will sIll be listed at once on the New Now York curb and the Boston stock exchange and most mot It likely on the Salt Lake exchange The New York company compan has entered into contract to protect tho the stock on the market marlet wh wherever wherever r- r ever listed rol Men In in lit Control The management of the company is isn In n tho the hands of or C. C A. A Short coman nn and H. H R. R R Elliott Elot who have made such marked success s lh tho the Jennie mine in the same Rame district They hey with wih ono one or two Eastern associates s. s own the th controlling Interest Some SonIc of the tho th strongest st capitalists cap capi in the East are aro among the com com- officers and directors among General 1 1 N. N Jol Houston ton former United Suites States treasurer Is president If 11 I. I J. J Modbury Medbury of New York is secretary II If 1 II n. Hunt HInt a 1 prominent Boston capitalist is treasurer treasurer treas treas- and other directors are aro Judge I Morris W. W Seymour Semour of Bridgeport Conn onn A. A Lf Ii l. l Fowler Fowler of oC Duxbury Mass G. G Bray Smith o of Boston oston and Dr J N. N Duckering of or Boston Doston It doubtful If i in n the entire countr country country coun coun- entre tr try so far tar as can be judged by present developments de there Is a i greater gold milling proposition than Is to bo be found in tIu th the several groups of claims calms taken over b br the Buck Mountain Nevada Ne Gold Mines company The Tho groups are the he Snowflake the Mountain View and the the Rafferty The two first It named comprise comprise com coni- prise acres of oC ground covering tho the great grent Snowflake ledge and several parallel veins and spurs on Buck uck Moun- Moun raIn The he group roup of ot six claims Is s the ino others othern and was particularly on account of or Urn tha tho v v rj UP ply ph ly provided h by various springs the water being needed for the largo large mill mil is to be built buit on the mining grol ground nd Mountain l I Buck mountain for Cor Is trul truly ruly a wonder It I is the largest of the he group roup of mountains which form Corm the he Gold Springs district a portion porton of or ofa ofa ora I a vast porphyry belt four miles wide and many miles mies long on Just across the time gulch from Crom it s the Jennie mine now the he only Important producer In the dis- dis ls- ls But with wih no disparagement to the time Jennie Jennie everyone who has hns been in th time dl district recognizes th the fact that In Buck mountain must be the bl big mine mineor mine mineor or Duee mines of o the future the Jennie Jen Jon nb nie mine the great Snowflake ledge which cuts culs through the mountain from Crom one end to the other is In plain view The Time In many places arc are ral le several feet Olt above the surface and from 50 tIp to feet ee In width Short and El Elliott Dl- Dl I- I liott llott say that luring during the perl period oi they have been en engaged a ed in making malIng maln the Jen Jen- nb nie a mine the time great reat difficulty they encountered In taking people to see It with a view of or Interesting them in the project was isas to withhold their attention from front the Snowflake and ond adjoining groups on Buck mountain which for five years have by hy litigation been rendered rendered rendered ren ren- dered virtually inactive But nut tho the drawn long long litigation aton finally has haa been entirely straightened out tho time new Buck Duck Mountain company starts out with all al conflicting Interests satisfied Is Its estate covers the entire mineral belt bet of Buck luck mountain with good measure measure measure mea mea- sure on Doth sides The Time bl big ledge can caum be te traced raced from one end to the other o of its is feet reet of 1 length n th and there are at least Jast two parallel ledges either of or which provides a prospect prospect pros pros- peet for fOI ono one or more ordinary mines V II Veins Ar Are Arc A Veil dl Iru Development work worl in time the several groups roup comprises three shafts from rom 1 5 foot feet t to 1St feet ree deep deen three tunnels from flom 75 to feet in length and man many opt opt-n cuts cUtH in all al of oC which are arc or ore showings which leave no room to doubt the richness ss of oC the property From th the tho bottom of or the deepest shaft shaf a cut cross cut cros has opened 15 feet of ore oie that averages a about 12 a 0 ton Lon In the tho foot shaft shaf is a n t two foot ore are hod body from which several several se sev sev- eral carloads of 0 ore have been beun shipped In the Charley Chancy Ross claim Isa is 18 isa a large Jarge talc vein which runs all al through from 4 4 to 1 Sr fi a ton and in which arc are streaks of hl high grade h-grare h s sylvanite syl- syl l Some Some of It I has H eu shipped that ran nn as high as ea 2900 a ton In another shaft har more than tItan a mile mie awa away on the south end of the property streaks of extremely high grade ore are ure encountered in the time big ledge 1 u Gui Gold Gull ii 1 Ore Ure re The Tho first work done on Snowflake ledge b by Short and Elliott Eliott was done about aboul two Live lear ears airo no alo when they the needed mon mon- ey to t o gI give the Jennie a start At that lint tm time from a I point on the ledge near the top of the mountain they quarried out touts tons of ore which they hey hauled hive five miles mUes to have havo it I put ut through a small sinaI Amal mill mi that hint did Indifferent work From that surface rock the they realized I. I iiii c C. c ton and for COl a brief time the they were wele on easy street The Buck Buek mountain veins arc are true truo fissure veins in the porphyry and wherever wherever wherever ever work has been done dono the tho values gradually increase at depth The values 11 val ue mien ues which occur in both hoth spar and while I quartz are arc even oven ant and nc regular except for forthe forthe forthe the high grade streaks which give Ivo wondrous prom promise Iso of great greot riches nt at I depth In one of or th the open cuts a short hort distance from the lower or southern end of the property Is exposed 1 17 feet leet leetor of or ore which sampled recently by an expert wholly disinterested In tho the property returned values of 20 20 O a ton clear elear across It II I Is certainly no ea exaggeration to say that on the surface and d In the orIon open cuts emits are aro In sight thousands thousands thou thou- I sands of tons ton of ore that will wil give good milling values To lo Sonic Scale 10 Open ou on The placing of or the shares of tr treasury a stock yesterday assures active d development of the time property from rom the start The situation Is such that while chile it Il would male make at It leant l four big lIlg properties prop prop- s. s from pre present nt Indications it can caim be rt cloP dc developed d for tor economical work as asI asono I ono onu mammoth proposition It I is to tot t that end that thal tho the efforts of or the tl mun man I will wi bo be devoted dc A mill mi of o nt at le least st tons a a day Initial capacity is 8 to be built LuIt on tho the lower end of or time the I I prop property crt and from the various workIngs work work- I In Ings s ore can bo be conveyed et by hy gravity to tho ho mill mil It I is 11 tho lie II Intention t n ton to add odd to the time mill mi other units of the tito same size until unU the tho total capacity of ot 1000 tons totts a da day shall hal ha have boon been reached rached Water Vater from the tho company's company own source of ol supply can alao algo be bu convoyed to the themi rail mill mi by gravity a n pipe line lino about three and a a. n halt half miles mies In length being required re re- |