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Show COMPANY OFFICIALS ISSUE STATEMENT The following statement was made by the general manager of the Eureka Bullion Mining company Saturday concerning con-cerning prospects at the mine: , "In levying assessment No. 12, your board of directors takes this opportunity oppor-tunity to give you a report fm the physical conditions of the . property, and to keep you posted .as to the development. de-velopment. For the past three months we have been sending a drift from the 925-foot level in a southwesterly direction direc-tion fo cut thi ore encountered on the 80u-foot level. . After the drift had reached a point approximately 160 feet from thewinze a brefieciated lime was encountered and small stringers of quartz were cut by the drift at distances dis-tances of from' four to five feet apart. Some of these were barren, while others carried values in ore. However, as tKe work proceeded, the small veins Increased in size and value. "Early in the work the drift rati into a north-south fault-fissure filled with sand carbonates and lead-silver boulders bould-ers which have evidently broken from an ore stope Just above the 925-foot level. Two samples were taken from' the fissure and, the assays were as follows: fol-lows: ' ''No. 1, silver 58 ounces per ton; lead, 54 per cent; gold, $2.40 per ton. No.' 2, silver, 107.40 ounces per ton; lead, 39.50 per cent; gold,,$4.40 per ton. "The lead-silver boulders encountered encounter-ed In the fissure vary in weight from a few ounces to about 500 pounds. "One lead-silver boulder, however, taken out of the fissure, weighed approximately ap-proximately five tons. I , "The sample of the zinc encountered on the footwall gives the. following assay: "Silver, 1.90 ounces per ton; lead, .3 per cent per ton; zinc, 45.9 per cent. "A general assay taken from the j face of the fissure from which the boulders had been sorted, and which contained approximately 30 per cent lime from the foot and hanging walls -gave the following results: "Silver, 5.9 ounces per ton; lead, 3.2 per cent per ton; gold, 80 cents. "The fissure is approximately flv feet wide, and with the boulders Increasing In-creasing in size and number as wc raise on It. "While your manager, J. M. Bestel-meyer, Bestel-meyer, does not fetl that the mine is yet made, he reports that we have reached the most encouraging as well as the most important stage in the development de-velopment of the property, and should the present condition prevail the Eureka Eu-reka Bullion mine should become a shipper within a reasonable time. "We realize as do you, that It has been a hard grind to keep , up the assessments as-sessments and to carry on the develop- ment work at the property under the adverse conditions we all hae had to face financially, and it Is through the i loyalty of the stockholders of the property prop-erty that we have been able to reach ! our present stage of development when other properties In the district have ! been forced to shut down. ''The manager and your board, ho'w- ( ever, have Implicit faith that Eureka Bullion will soon become one of th big mines of the Tlntic district. "Very truly yours, "EUREKA BULLION MINING CO., "H. C. Hicks, President, "John M. Bestelmeyer, Mgr. |
