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Show New Activity At Horn Silver Mine i i Operations at the Horn Silver mine will be stepped up and work will be resumed at the King David property as a result of the rise in the prices of silver, zinc and lead, it was announced this week in Salt Lake by - William H. Child, Salt Lake mining man and stock broker, upon his return from a business trip to New York. Three carloads of ore were shipped from the Horn Silver during dur-ing Mr. Child's absence and two additional carloads were shipped Monday, according to K. G. Link, superintendent. These latter cars were mined by leasors, one by Gehring and one by Osborne and Svalina. The force will be increased in-creased by several men within the next few days, it is understood. The Horn Silver is one of the i oldest producers of the state, hav-1 ing a production record of approximately approx-imately $54,000,000. The present management took over the property prop-erty several years ago and considerable consid-erable silver, lead, and zinc ore has been exposed. The King David will let another contract to advance a prospect drift on the 750-foot level, with the object of cutting the east-west sheared zone which traverses the Horn Silver property, Mr. Child said. This drift is now out about 800 feet north of the main triple compartment shaft. When work was suspended there last fall, the drift was just entering the shear zone when the contract ran out. The new contract calls for completely com-pletely crosscutting the zone and I will be let about May 1, according to Mr. Link. Mr. Child said that the attitude in Wall Street turned distinctly optimistic with the advance in the price of silver. There is a demand for good mining properties with gold, silver, lead and zinc ores exposed, ex-posed, and many are expecting a genuine mining boom, he said. Many who were looking for gold properties are now turning to silver, sil-ver, he added. |