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Show MOKE ABOUT CREOLE An article appearing in the last issuo of the Mining, Oil and Industrial Indus-trial Record, is well worthy of reprint. re-print. Beaver county, Utah, has given the basis for what we believe- to be another superior paying mine in the proporty constituting 'the assets of the Creole Mining Company, which listed on the Salt Lake Stock and Mining Exchange Monday, and which has been largely traded in during the week. Creole's introduction to the public pub-lic furthermore was followed by a generous reception by the investing public. Creole enjoys the advantage of having ground which the public has become favorably acquainted within recent month's, through the fact that leasers recently extracted neat fortunes for-tunes from its areas. In these same areas many hundreds of thousands of dollars are reasonably suspected of reposing, and the marketing of which the Creole's management is reported to be arranging for with all tho speed possible. The Lincoln mining district in which Creole ground is situated, has the credit of having been the seat of the old Lincoln mine, famous as the producer of lead used by the early settlers of Utah for bullets. Here the pioneers are reported to have found almost pure lead available, avail-able, without much smelting or other oth-er reduction. Ammunition from this source served exceedingly valuable valu-able agencies in defenses the white living in the state in the early fifties were compelled to put up against the then continuously menacing Indians. In-dians. And but a comparatively short distance from the Lincoln mine the Creole ground is described as carrying carry-ing not only similar bodies of rich lead ores but also much copper and gold. Nine claims are included in the estate, five of which are patented. patent-ed. From this property it is but 12 miles to Milford, the nearest railroad rail-road point, reached by a first class road. A great deal of valuable development develop-ment has been inherited by the new owners of this estate. It was under 18 months lease earlier this year, which, however the company cancelled, cancell-ed, for failure, it is said of compliance com-pliance by the lessees with specifications. specifi-cations. During lessees' period of operation opera-tion they shipped 81 cars of ore on which the returns aggregated $41,-000 $41,-000 net to lessees. Some of these cars yeilded at the rate of $900 per car in copper and gold. These ores are said by officials of the company to have come from workings which are now fully opened open-ed for much additional production, Creole is shipping seven cars a month at the present time, and planning plan-ning to increase this yield in the near future. Consignments scheduled to come to market within the next few weeks furthermore, are expected to contain con-tain values at the rate of between $1,200 and $1,600 per car. In the vicinity of its extraction there is declared de-clared by those familiar with the property to have been opened up a large body of this bonaza material. The strike occurred at the bottom of the main incline shaft, which is credited with having been in reality sunk on, and been in, ore all the way from the surface. These resourceful and wealth producing pro-ducing conditions cause the Creole company's board of directors to feel exceedingly sanguine- of converting the estate, through applying to its efficient up-to-date equipment and management, into one of the best paying and largest mining properties in the entire commonwealth. The company is incorporated for , $100,000 divided into 1,000,000 shares. Norman W. Haire, general manager manag-er of the Michigan-Utah Consolidated Consolidat-ed Mining Company, is president; J. M. Reynolds is secretary-treasurer and the directors include H. A. Linke a well known mining engineer. Attorney At-torney B. N. C. Stott and Holmer McCarty. Dan Ferguson is superintendent. |