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Show THE LATEST ABOUT MINES nj M I Mention of Different Properties in Which I Cashe Villains are Interested. - It ' 9 In a recent letter from a former I employe at the Copper-Uranium i prospect, THE REPUBLICAN I finds what it. believes to be I splendid evidence of the worth I of tkqt property. Tho employe referred td was at the Copper-j Copper-j Uranium until ten days ago, nnd i is one of those who was taking half his pay in stotk. To learn ; for himself the valuo of the ore J uncovered, ho sent some grab ' samples to an assayer in Denver. The assay on this showed seven- teen per cent copper, and though I the miner has quit the property H and is sore at both the cook and a the manager, ho expresses every I confidence in the Copper-Urani- n urn. It is probable that some I Logan people will go into that I vicinity in a short time. i Martineau'a Mine. i The Deseret News says : "Mr. n L. R. Martincau and associates, who recently secured an option on the old Emma mine in the Alta j district, made tho second pay ment on the purchase price yesterday yes-terday and the announcement was made that the articles of incorporation in-corporation of a new compauy 4 would probably- be filed for re-8 re-8 cord within the next few days. 1 The corporation is to be known I as tho Old Emma Mining com pany and will be capitalized for 000,000 shares of the par values 1 of $1 each. One-third of the capitalization will be set aside as j treasury stock to be disposed of 1 as the board of directors may di ' rcct for development purposes. ., A small force of men is now em- I ployed at the property in clean- I ing out and making repairs in the old Bay City tunnel. In these workings there is already ex-: ex-: posed large quantities of carbon ate ore that samples 20.6 ounces I silver, 8 per cent lead and $1.G0 - 1 in gold. This is ore that was left when mining was carried on in tho early days as being of too low grade to bother with, but which, under present conditions, can be marketed at a comfortable profit. In the early days of mining min-ing iu Alta the Old Emma mine, then owned by an English syndi-'' syndi-'' cate, produced several million dollars." 1 s , The Zenoli. ' , In the following tho Salt Lake j Tribuno gives somo very iuter- i esting news of the Zenoli proper- " " ty, in which several Loganites y,, are interested: "Tho eighteenth V, ! car of oro from the Zenoli com- S p.iny of Palisades, Nevada, i. expected to arrive in tho local market any hour. This organization organi-zation of Salt Lake capital hat been making very little smoke , .during the past few weeks, but Q) 5 results have been' accumulating just the same. A car was settled for-the first of the present week, and for it the company teceived j the sum of $i2o0S.22, smelter-net. ' ) From tho latest stopo opened to ''" provide ammunition for thr - . J ' smelteis, tho company is picking i j oro that averages anywhere from 102 to 249.7 ounces silver to tho j ton. Profits aiVJ piling up gun- , , erously with this company, and '- a its local friends would not bo sur- I - prised to find tho company in the dividend column before the year has progressed far." According to H. A. Pedersen, he has less than 1,000 shares for sale, the remnant of a block of 10,000 shares offered in Logan some time ago. The Copper King. Word from the Copper King property near Cook City, Montana, Mon-tana, is to the effect that all is in readiness for active development develop-ment just as soon, as tho snow will permit, a matter that will be delayed but a" week or so yet. It is confidently asserted that within with-in ono month after work is begun on a shaft the real worth of the property will be determined. As it stands today, there is uncovered uncover-ed eighteen feet of a ledgo carry, ing an average of seventeen per cent coppor ore. This ledge is uncovered for a width of forty-five forty-five feet and appears to be of unlimited un-limited width and depth. The shaft will be sunk to determine the depth, if possible. As it stands today the property is unquestionably un-questionably very valuable, but if it is ascertained that the copper rock is not of blanket formation, forma-tion, tho Copper King is likely to prove one of the really big mines. Last season 35 tons of ore smelted smelt-ed at the Cook City smelter averaged aver-aged sixteen per cent copper, an J even now there is on the dump 400 tons of this kind of rock. A new smelter, located but fou- miles from the Copper King, is soon to be opened, and already is there an excellent road cn:-structed cn:-structed from the property to the smelter. "The Nclsonh Pete, Jim nnd Joe Jos. Monsoh nd many Loganites are interested in this property. When Pete Nelson Nel-son wns asked about tho property proper-ty he refused, absolutely, to talk for publication, but he is satisfied, more than satisfied with the outlook. out-look. There is no stock for sale, and it is hardy probable that any will be offered. Rich-Oache Election. At the stockholders meeting of tho Rich-Cache Mining company yesterday tho following named gentlemen were unanimously elected as a Bonrd of Directors; Fred Turner, John E. Carlisle, Newell W. Kimball, Edward Hansen, Adclbert, Cranney, L. C. Fa it and Jacob West. A directors direc-tors meeting was called immedi-mtely immedi-mtely after tho adjournment of the above meeting officers were elected as follows: Fred Turner, president; John E. Carlisle, vice president; Edward Hansen, secretary; se-cretary; Adelbert Cranney, assistant as-sistant secretary; and Newel W. Kimball, treasurer. At 2 p. m. the stockholders again met for tho purpose of taking action on the amending of article seven of their by-laws, changing 'the capitalization capi-talization from 100,000 shares at 10.00 per share to one million shares at ten cents per share. The matter was referred to a special committee with authority to secure legnl aid 'to formulato the necessary papers, nnd to conform con-form to such regulations as is required re-quired by law. Tho meeting adjourned ad-journed sine die. 1 Odds and Ends, Representatives .of the Weimer Continued on Page 4. About Mines. Continued from 1st Page. properly, that biy concern near the Copper-Uranium, were in Lok'nn Saturday offering to pny tho expenses of nny who would go to the property immediately. Messrs. Kobert Murdoch mid Ed-ward Ed-ward Hansen left with them Snturdny evening. "Weimar stock is selling nt $2 per shnrc and it is expected 'Hint each of the two visitors will take n million or two shnres, providing -the property prop-erty looks good. However, tho company's hope lies in tho expectation ex-pectation that the report of these two gentlemen will cause Logan-ites Logan-ites to buy up nt least 10,000,000 shares. 1 1 Mr. John B. Shifilet, an eastern promoter, was in Logan n few dnys ago talking up the "Mascot" "Mas-cot" an Arizona mine of proved worth. Tho company is a $10,-000,000 $10,-000,000 affair and is now preparing prepar-ing to build smelters and sixteen miles of railroad. Mr. Shifilet made no effort to sell stock here, but merely talked with influential business men. lie will go east to get the money desired. John Perry is in from tho Copper Cop-per Zone prospect to remain until un-til after the 4th of July. John isn't much of a blowhard, but docs offer the assurance that all things are looking very good out there. |
