MINE HAS PABULOUS RICHES.

Alexandra Herald and Central Otago Gazette, Issue 405, 11 February 1904, Page 3

MINE HAS PABULOUS RICHES.

Ar I »nn> Prop* ri y ;h*t Win Pvofcafely; Mgi>te Senator Clnvk WeaSiMavt Mali In <he Woirl*. J The American Mining "N«we; ; COtt» '*; ins the following article about the to tit United Verde mine, the proprty of Senator ,W. A. Clark, which, f rorrc-:. would indicate that it it :robnbiy »hc richest' mine and he the ioheat man in the'world: -" It. has only lately come to light hat the average value of the or© nKeii from the United Verde If 17* »er ton in all value*—gold, silver and •ijipvr- Tlli * mine, so far as has >eec developed, including exploraion« and diamond drilling below the •resent, workings, shows an immense ire chimney, 400x600 feet aerose, that >as been explored by shafts, tunnel* nul drill holes to a depth of 1,400 feet. "Just how far it will be possible C- work this mine down before the ant limit is reached is hard to Say, wit a reasonable estimate would be :.000 feet. An estimate by one of the test mining engineers in this counry shows that the mine to the depttt >f 1,400 feet contains 336,000,000 cubic >et of ore, and estimating 11 cubic eet to the ton there is practically 23,000,000 tons in sight. "if we carry these figures ft little further on the present four values of the United Verde we have the aver* ago value of the ore equaling $f,600,« >OO,OOO. The present owner of the property hso refused 9100(000,001(1 for the mine."