OCR Text |
Show Copper Uranium to Commence Work. Quite recently some mining experts have visited the Copper Uranium mine In Idaho, in which M. II. Fames and other Logan people are Interested. Ono of them made the following offer for the propertj : a payment of $30,000 cash and 5,000 shares of stock; lo each of the, live original locators and smaller smal-ler stockholders to retain their present pres-ent holdings in stock.. After consideration consid-eration the directors refused the proposition. pro-position. Active work will commence at once. A contract has been let to drive the tunnel for $5 per foot. It Is estimated that It Is about 400 feet from the bottom of tho canyon to the ore body. The company has plenty of twenty per cent copper In sight but shipments aro .being withheld for the. present. Stockholders In the company certainly have cause to congratulate con-gratulate themselves on the future prospects. |