Show I AND N L OY P. P W. W CP ThIRD UNCOVERS ORE URE ON Drift at Lowest Depth Appear 1 to Have Cut Top of r Ore Body ROCK OF SHIPPING GRADE GRADl I WiH Start Sinking Sinking-at Once t ic 1 Determine Extent of Find i While admitting that ore of oC gooi goot 4 had beun In lii the lower of Ir the mine Secretary Sec Sec- l i 71 S. S of the lining company yesterday that the or ore had not been opened tc to an extent that would Justly justify saying yIng thaC a eUie had been made The h drift at the depth of cf approximately L j COO oo foe feet from the ha lias the top of an or ore body but its extent may be i Is It is time the in In- In L to upon it at once 4 sample of OC the ore has lias been assayed but Mr did riot not regard i It a an I average sample and anI declined t to gout g I k out Jut timo returns fearing that it might I bo be misleading A portion of ground Is bounded on the north and the tho oas by claims of the old GodI-a. GodI hud had along its upper western boundary in a porphyry lime contact the of tin tin- ora body which y Jt it mined some years rears ago through a 1 tunnel that ore paid some me dividends but the ore gave out I tater Eater a shaft was sunk to the depth 4 I O of feet and a drift was run over overto I I to a point underneath the old ore body upon the theory that more inure of w he be ore might be found at grouter greater An i upraise was driven conI connecting con con- I the new with the old workings work work- t ings but no more ore oro was found Thou a drift was us run southward rk into entirely new country FoY sonic s t distance Jt it was extended blindly Then was discovered that an immense I S occurred through the northeasterly and southwest southwest- j i p 1 y and the tho fissure was followed to- to vird the southwest Tho following of the fissure has ei been under way only under tho new management which n work InI in I tho ho property two tuo months agog ago In InI I that time time the itt drift has been run 1 i 35 feet and the fissure has been cro croS- croS s- s out cut once but the tho ore found Monday night in the floor of tho drift is time the first pay stuff that has lias been r Affects Stock Stoc And ho-And had i I ortho c m ha I j traded in to some extent on the Salt lake exchange The Tho market price of the stuck stock has hasI I nearly early doubled In iii the last few w days There Is room for rather wide action uti account of the company's low capitalization capt cap cap- t which is par value 1 i. with something more IJ than J shares In the treasury y r Th stock Is well scattered sonic some of d in as far away as the Philip Phllip- pines company gained some somo un- un notoriety last fall through absconding of Ernest st Williams who ho was its secretary and manager The Tho company was reorganized in January Jan Jan- i S uary with George P. P prest- prest lent dent C. C H. H McMahon vice president Tl It S. S VImmer secretary and treasurer treasurer treas treas- II Park and T T. C G. G Wimmer additional directors with T. T G. G VIm Wim- VImmer mer nier general manager Since the tho old ore body gave out money for devel development has been raised by assess aMess- ments |