Show I BUY LARGE INTEREST IN CLEGHORN LEASES Salt Salt Lake Mining Men Are Attracted Attracted At At- by Signal Peak Showing A deal was ns co closed ell yesterday b by which W. W Yo Jf r. r Odell Odel Fred re 1 C. C Dern Dem Arthur Thomas Thom and Sidney Hecker tl take e over a n large interest In il the two adjoining leases o of John Cleghorn on the ti-ic Signal Peak Peal and Seven Troughs Consolidated properties s In the Seven St cn Troughs district district- The leases cover coyer Troughs 1000 feet teet of tho strong vein In III which which-i tho the 1000 Signal Peak Penk company compan Is achl achieving such handsome re results i and so po positive IU e are aro the leaseholders of or attaining simi sEmi similar lar results In it-i their ground that plans arc ore being laid for Cor a a er very aggressive campaign In Iii pursuance of this policy they icy wJ will wiil aside r from pia placing tug their own money mone In tho tIme proposition illon put on uzi the tho thoma ma market lct a block of treasury stock at promotion price In the lease on Consolidated ground a tunnel Is 16 being beng run on the tho vein At ht feet teet It I Is in iii distinctly favorable a formation with only feet teet farther forter to run to tap a shoot hoot of ore are which I. I shows a 0 streak aJ of or high grade for fOI a n along along lon long distance on the surface A depth of oC SOO OO 00 feet from the surface will wt be I attained thero there which Is 10 feet deeper deep deep- er or than the thc workings of the the Signal Peak leak company compan farther tarther along on the vein eln and higher up the WI hill In the Eureka claim of or the Signal Peak company the leasing company Js driving a n cro crosscut cut tunnel which has hason on only from 10 to 15 feet farther to lo run to reach the thc vein at a depth of at approximately approximately ap ap- ap proximately OO feet from the surface point Good results aro aJo anticipated at that Conceded Rich FIlch Ground The Signal Peak estate has come COIO to tobe tobe tobe be recognized as ono of the richest pieces of oC ground in fn the Seven Se Troughs district district An eminent engineer who examined the ground in the erl early da days s 's of tho the camp said that within Signal Peak lines would be he found the thc treasure house house of or tho the district His prediction wa was WM bos based d partially upon unon evidences that the rich veins from Crom ron ron-i both the Mazuma Mazuma Ma- Ma zuma lulls Hills and Kindergarten on tho north and tho the Seven Sc Trou Troughs hs Fairview and other properties on the south trend toward tho the Signal Peak hill hi Developments arc are rapidly rapid bearing out out hl hi hid estimate The Signal Peak company started sinking upon a mere mero streak of or ore 01 giving lnE gi values s of a few dollars a ton at the surface In goIng gobig go go- big Ing InS down the tho streak widened steadily steadlY and tho the values alues Increased until on the tho foot level lovel the tho north drift Is Js Ii 1 a bod body of ore 1 12 feet wide of which two ton te-t te is said raid to run from roni 50 to OO u. u l Tho Ti-ic mino would be called caled a n bonanza bonama upon the tho showing at this timo and anti there are no Indications Improvement will wi not continue as a farther tarther depth Is attained That the tho l teases hases s swi will wi open something fully a as a good Inthe in tho the foot 1000 section of ot tho the vIn which the they cover tho the owners ha have havo every confidence |