OCR Text |
Show BUCKHORN SOLD. An Important mining deal was closed In this city yesterday afternoon through which tho Buckhorn mine at Ophlr has passed Into possession of James A. Butchnrt, a prominent hotel man nnd capitalist of Duluth. Whllo tho consideration lias not been released re-leased It In said to, bo In the neigh-iKirhood neigh-iKirhood of $764,000. Tho vendors nro the Western Exploration company and W. F. anil F. G. Nledrinnhnu3 of St. Louis. Soon after tho final papers In tho transaction .wero signed, thu purchaser, pur-chaser, said It would bo his policy to continue tho energetic campaign that has been carried on In tho past under Dip direction of Manager Sam M. Levy for tho Western Exploration company, winch has expended moro than $7C-000 $7C-000 for development purposes since It But for Iho present all efforts will bo took hold. Tho mlno Is to bo thoroughly thor-oughly opened and when the stoplug oudJAvniarlie opened, na It might to 3tk3frMi&kMipf ore v. Ill begin. rilsMwMsMMMJM) Mr, Butchnrt hns nlroady acquired some mining Interests In Ophlr, In tho Onhlr Tunnel compnny and his study Of tho geology of tho camp Iibs convinced lilm thnt It has greater possibilities pos-sibilities than romc havo supposed Accordingly, ha Is showing his faith by acquiring more territory, wbteli li about ns good evidence us anyone could get thnt bo believes thoroughly In tho merits of the district. Mr. Butchart Is Interested oxtenslvely In mining elsawherp, being a large shaie-holder shaie-holder In tho Calumet and Ailzona of Arizona nnd In Butto copper proper-tics. |