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Show MILFORD MINES CONSOLIDATE W0RIUS BEGUN T!in k very well known prop'-rtles in I lie Star (I is t r if' t have consolidated the lloarow, the Heaver Combination ti ml the Red Warrior, known now as the Moscow Metal Wine company. With the consolidation of these three properties and a resumption of operations oper-ations this week at these famous Star district mines, which are situated situat-ed : 2 miles from Milford, the T'tah miirng circp-s have witnessed one of the most, important developments In months. For n long time it. has been known that these properties had remarkable remarka-ble possibilities, but legal entanglements entangle-ments prevented exploration of the mines, Recently efforts to Ret the controlling interests of the three historic mines to consolidate their properties for economical development develop-ment were successful. The Moscow Metals company was organized with a capitalization of $250,000 divided into 2.500.000 shares and the articles artic-les of Incorporation filed with the secretary of state. Fred J. Leonard hea'ds the company com-pany as president; Garret Wilkin is general manager; J. A. Foley vice president; M. Ti. Johnson secretary-treasurer. secretary-treasurer. These with Fred U. Leonard, Leo-nard, constitute the directorate. Four hundred thousand shares of the company's stock is held in the treasury treas-ury and the remander held in trust for one year to he divided between the three companies. The company starts operations with a full equipment consisting of electrical compressor and hoist and ether mining machinery. Sufficient stock ln.s been sold to provide ample am-ple funds for financing of development develop-ment work. Robert Sherwood, in' charge of operations at the Moscow for years, will act as superintendent. When operations w": curtailed at the IViccow the property was ship-r ship-r i 1 1 tr erch month from 18 to 20 ca--load-, i.t ore, carrying 40 per cent lead nrrt 40 ounces M' silver, Jievel-i Jievel-i :imer.. work done sicce the sl.u-down sl.u-down lias proved that V; fault wl n cut off two of the larg; bedded -. -ins displaced the ore-ht -ring strain aboi't -fO feet. But as work was be'ng done so near the endlines, the company thought it better to cease further exploration ex-ploration until a consolidation of interests in-terests would preclude the possibility possibil-ity of there being any apex litigation. Through this work it has been possible pos-sible to correlate the strata so that it is almost a. foregone conclusion that the two bedded veins displaced by the fault will be opened up with hut a small amount of work Mineral Miner-al Survey. |