Show Edited 11 II M MInes and nd Mn sf Sprague W. F e l I CHAFEY STO STOCK K TO BE LISTED I I Black Hole and Golden Bell Bel Mines Go Into Cor Cor- CAMPS CAMP'S FIRST OFFERING Mill Be Be Built for re Mi to r ii f the Consolidated t. t Mines Mmes r 1 j Chafey Chatey camp l IB Is to break Ita record Stock tock In III a Chafey ChateY corporation IB is tobe to tob b be placed upon tho the marl market et Nearly I a year en old having within Its Ith It borders hat Is z regarded the second greatest hat gold old mines In lii 11 Nevada e extent of ot development de de- de- de considered a number number num num- ber of or promising pro prospects pet the tho camp stock of offering of- of has never before made a fering faring It I Is 18 assuredly assured a record go eo o unusual UK ElK to o comment comment- The Tho owners Oner of ot the Famous Black 1010 mine mino Chafey Chatey and Sims for tor convenience con con- formed tho the Chafey Sims company a close corporation cor cor- no stock having ever been offered for sale 10 Now tho they find It i de de- to build bult a much larger mill mi with wIh tramway and other expensive adjunct ad ad- and and again and and-agin again for tor convenience convenience- have havo havo determined to Incorporate th the Chaw Chafey Mines company compan a 1000 corporation with wih shares Q of or treasury stock making an ato ito offerIng of ot only shares of ot the fe t treasury return ry stock to raise rais the money needed for or the projected Improve Improve- J ments te This ThIa offering Is to be guara guar guar- gua a E. E S. S Chafey lies has Just returned from rom San Francisco co When hen ho Informed some soro of ot the mining men of ot that Metropolis of or iiI his hil Intention to Incorporate the they evinced a ne new v company anxiety to get et In One Ono man wanted to take share sharo at once without haggling 1 about the tho price S Snit Salt h Take TaKo Option Bu nut Bui Chafe Chafey has a u. warm spot In his rt for tor Salt Sni Lake Cf City He had aready 1 ready tt determined to give Siva his friends In this cl city the first chance He has given to John Q and E. E W. W Kelly an nn option opton on the shares j. j of lr tock Mock at a price prie which appears appear r nominal when the tho known value of or the i company's holdings Is la considered Itis Jt It I Is tho Intention to list the stock aa as a soon as possible upon the tho Salt Lake Lalio a and to and anil San San Francisco exchanges have havo It I handled on tho the New Now York curb cur The he company's holdings include the Black Hole and Golden lIeU Bell Bel mines adf ad- ad f and ami two additional groups of or tims or eight claims In all al Ims The Tho ho Black Holo and j Gold Golden n lIeu Bell Del tin aro OI on nt t 1 d ll Um nl it l 1 fn Ic i-eH i tho the surface surface for 2300 feet In both 1 pre with wih milling oro ore or better betterIn beter vein eln In I every opening Wherever the Ii h s Iv s s over been developed Is shown a body of ot r re from four feet fet to twelve feet wide And And AmI IC that oro ore as ns It Is broken down for forthe the tho mill shows head headings averaging I bettor better than 30 a ton which Is eald said f to beler bo 10 tho tan highest average sHown slown by byRn byo o Rn an any mine In the world the Goldfeld 1 Consolidated alone alono excepted Tho The f Con Consolidated mill rm average Is 40 0 a ton Oro Jit at t Depth rite Tho Black Hole 1010 mine has a u shaft shaf io IlO feet deep and a 0 tunnel 70 70 feet teet long Jong On the foot GO-foot level lo el 33 feet of qC f drifting has been done one on ou tho vein while on tho the foot lOO-foot loVel lel It has been opened for tor or feet The Tho ho ore Is continuous con con- In these e workings with some Improvement at depth The average a value aro somewhat higher on tho the 0 level and the tho values are ara more moro generally gen gen- eral dl disseminated throughout the x t of ore making It a better beter millIng mill mill- mi- mi The Is Ing lug proposition oro the values lUM being chiefly In gold just sold Juat 9 3 little lite sliver silver and lead It Is nearly tre free milling thero there being no gloat to overcome The mine Is equipped with wih horsepower 10 steam hoist and compre compressor or The rue Golden Boll Bell Del mine Is at present being worked by three sets of leasers loser It has ono one foot COO tunnel feet of which Is on the vein eln From another tunnel a A. f crosscut drifting has been flono both ways wars on tho the vein to tho the extent c- c ex cx tent tnt of 00 to feet Then rhen thero there aro to three shafts hat one down OO feet another ano feet tho the third 80 SO feet all allIn allin 01 In ore oro oro Tho The Black Hole 1010 mine alono alone has ha sinco Ja last t June Sir Mr r. r Chafey said sll yesterday yes yes- produced l approximately ly OO i It I is 18 producing now with a n mill mi I of oC only 40 0 tons dally daily daly capacity at the tho rate of ot 1000 a tiny day tn The Tho combined I aro In position to make mako a very ver much larger production The Tho Proposed now POW mill mis mi's is to have an Initial capacity of oC tons a R day which will 1 make possible a n production of or about a da day I lr cr Production Possible That tho mines are arc capable of ot main maln- that production for a a long JonG time IB is the beU belief t of oC experts who have ox ox- mined them Conservative o estimate place tho the amount of or or ore oro In sight eight In Inthe inthe the tho Black Blak Holo mine alono alone at from to It Is accordingly I a ft n re real I mine which Is behind tho first frt I tock stock offering of ot Chafey camp it Is I Inot not tics to upon O. O S. S S Chafey is to bo be l o president o otho or of ortho tho the new company and Harry Ostle Oster will wl bo ho l secretary The remainder o otho ot of tho board boad of or directors will wi be made mado maco up of or Salt SIt Lake and and San Francisco zone e 1 whoso names name aro aro to be an an- an later |