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Show HISTORY OF THE BEAVERC0PPER The intimate history of the Beaver Bea-ver Copper is known to many Utah mining men, but it Is perhaps worth while to state, herewith that the company is an incorporation of Utah with a capitalization of 1,000,000 shares, par value ten cants, with 600,000 shares outstanding and 400,000 shares in the treasury. The company has been granted permission permis-sion to sell the stock by the Utah Securities Commission. The property, 27 locations, slightly slight-ly over 500 acres, is situated in the Beaver Lake Mining district, Beaver County, Utah, 207 miles south of Salt Lake Slty, Utah and 12 miles northwest of Milford, a town of 2000 inhabitants on the Union Pacific railroad. Our shipping point is at Old Hickory, seven miles from the mine. The property consists of the consolidation con-solidation of six companies into the Beaver Copper company. The Beaver Copper Co.'s property is located on a limestone monzonlte contact which the property covers for 4200 feet on the west end of the group and for GOOO feet on the east end. I The Wasatch fissure in the lime-j lime-j stone is the main objective ploint land the main drift on the 470 level j of the Old Tipa shaft has been drlv-j drlv-j en north and east 500 feet, the work j having entered fissure No. 1 and wo I have but 175 feet to drive to cut the intersection of fissure No. 1 j with the Wasatch Fissure, and it will be at that intersection that we expect very Important results. The fissure has produced high grade ore on the Black Rock and Beaver Lake Lode claims 'to the west on our Wasatch No. 1 and Independent In-dependent and on the Beaver Lake Metals No'. 6 which is now Beaver Copper ground on the east. The Beaver Copper Company again has the continuation of the Wasatch fissure on the No. 6 claim and wa I are at present mining the rich lead-silver lead-silver ore similar to that of which two shipments were made and which if kept clean will now net $100 a ton. ' ' " I I The eqpipment of the property is very complete on the west end workings work-ings and consists' of a 25 h. n. steam hoist, a 36 h. p. boiler, a 25 h. p. crude oil comnressor, all drills, cars, tools, etc.. and at the pumping plant at the snring a 30 horse powr boi-iler boi-iler and a large powerful duplex pump for pumping water to the mine i Cedar wood is used for boiler fuel j which is not expensive and our crude oil for the compressor costs us 12 1-2. cents in drums. Our working capacity ca-pacity is 90 feet per month with one shift. j In addition to mining interests the I company owns a small interest just j acquired in a ten acre oil lease at I Santa Fe Springs, California, i The cost of the least was very Ismail and as large oil Operators are 'drilling around the tract It will be , proven without the expenditure of money on our part. An 80-acre tract in the Uinta Basin in Utah has also been acquired. j In carrying out our mining development devel-opment the management has been in consultation with a number of hlgh-' hlgh-' class mining engineers and they havs j given the work being done their approval. ap-proval. The cost of the completion of the main drift to Wasatch Fissure will run from two to three thousand dollars. dol-lars. No obligations .and almost money mon-ey enough on hand to complete this work. Officers are: Fred Kuster, president, presi-dent, capitalist; Frank M. Houghton, Hough-ton, vice president, chemist; A. .B. Larson, secretary, hydraulic engineer: engi-neer: A. J. McMullen. manager , mine superintendent Mineral Survey. Sur-vey. a. |