Show I 4 ii c i. i 1 d' d J Ai H o. o v Emma Copper C Co any pany anyS pany rl I To the Shareholders of the Salt Lake City Utah October 1916 j jEmma City Tunnel From this till according g to flue tho best int information obtainable S levels were put out at nt a depth of of feet Emma Copper Company feet leet diamond i and g g drills B fee feet t. t These workings are probably no not over feet from the ore body which has hns been cut b by the he theY Y Your The Tho former fonner operators were greatly hampered 1 in their th wor work k b by th the fact th that t th their CIr pumping h- h had 1 t to be d done b our B Board card oard of Directors fools feels that it is is due to you yon as the owners of the Emma Copper Company's stock to o 0 e by y set out full steam pumps pumps' liv live steam t b being g carved carried d into t. t 0 the worlin w workings for or that purpose The cost cast was excessive excessive an and d th the e a and accurate statement of recent mine developments which have resulted in proving prong the continuation very low I ant i relt hh effine efficiency y lit little l of the the- faulted bonanza ore bodies which have been the thc object of search for more than forty years r station anticipate C difficulty I in In g t the e s shaft shat a t an and laying the e lower ower wor workings open for mine mme mine op- op E l Ol Our engin engineers rs have solved tho the y have found foun the faulted bodies with The problem ae ore and them Wasatch They penetrated Pow Power r Company has hns electric an power line to the v very portal of t the e tunnel and in the tho course of a s three diamond drill holes at just exactly t the tho e point their calculations had shown shown t they cy would uld be found Th These e three this three e few lew ew days s t the e electric installation will be completed which will enable the operation of a a. l large e electric pump um hay hav holes show a body of ore oro of an nn average b thickness of about bout thirty feet whose hose principal values are contained in m silver i ing r a capac capacity ty of gallons of water per minute The same samo electric electrio power over will be used to operate an n e electric Pi ec trie I and lead lad The cores show conclusively that that the continuation of the Old Emma oro body has been f found und In the hoisting g g engine t f upper levels le on tho other side SIde of of tho the fault it had a production estimated at not less than than three million five hu hundred hun hun- n- n The operations I believe should not consume more e than tw two o weeks' weeks time and another two or three dred th thousand dollars Tho The finding of the at this place also t to ou our that all l of the tho other we weeks ks sh ore ono proves engineers a should be sufficient to oat extend er i d tho the necessary cuts cross and raises t to inters intersect t the ore body and permit 0 of f ore bodies which were worked to the west and which wInch were cut off by the fault fault will be found to exist enst through throughout nt active mining g operations t the e who whole e l length of the Emma Copper O Company's 8 property on the hanging g wall side sido of of the fault These hese 1 or ore bodies It is is o of f course premature to make mako any fo forecast t as to the tonnage of ore that may Y be expected nevertheless where hero worked rk d nearer the sn surface nce on the side sido of tho the fault were of great grent eat richness Regular lar shipments it may safely be said that an m oro ore body of the magnitude proved toted b by y the diamond drill holes will readily yield Sid a sub were maintained from what is now Emma Copper opper property of ore oro 10 worth north ono one hundred an and twe twenty five tY- tY tYle l e dollars per daily y amount In addition to this the Herzig drift is is apparently within 30 days of reaching its ita objective ton It seems certa certain in according n to our r engineers rs that the continuation on of these ore ore b bodies will yield ore ore of the namely the Montezuma Fault at a point some feet to the west of the Bay City Tunnel coot workings so 80 that this is 1 sn same grade A As to tonnage Mr Herzig points out that these ore bodies may be positively expected to continue to sech section D of the company's property reason reasonably ably bo be wi within hin p may expected a co comparatively few ew weeks 11 to become pro pro- gr great depth p. p i r I. I as well that of the Old E Emma as part ma property where whore the diamond drilling operations have been tamed carried out I Full information in regard to the thc recent work ork on your property is g given in the reports of Mr Charles S. S Herzig Her- Her One other favorable factor in connection with tho company's operations which must not be overlooked at nt this I zig the the compan company's s 's consulting engineer and mana managing n director and Mr J. J J. J Beeson the company's geologist h time e and which a accrues crues to its benefit is the earl early completion of the railroad from Wasatch to Alta AHa Not only I submitted hee herewith will this line considerably cheapen the cost of transportation but it will win also afford a n more mono satisfactory efficient In submitting the of and Beeson Board feels it is to them that and and regular outlet for the In the reports Herzig your our is 15 only due to say ore past the tho only means menns of trap transportation available was vas b by y horse drawn con I 7 th they y hll have e rendered a great service ico to ro your company in the successful solution of tho the very difficult problem which I vehicles a cos costly ly moth method d with a limited capacity i tS con confronted them Mr l Herzig has hns been in in charge of your engineering department since Jul July 1015 p He brought In cone conclusion I desire to say I fool foci sure but a short time will elapse before a substantial daily tonn tonnage of high t F to it a a. long and of in various of the world and is grade ore will be regularly produced which sh should result ong experience deep knowledge mining gathered la carious parts he our success in putting the property on a dividend paying bas basis at an p duo entirely to his energy and skill Mr l Beeson was chosen b by Mr Herzig to aid md him III in the study of geological carl early date l questions By his devotion to work as ns well as his professional knowledge ho has ms been an important factor tr in in the t i Respectfully submitted r 1 success attained and is entitled to the highest credit C C. S. S HERZIG t Your company's property consists of about 6 63 acres comprising some somo of the best known mining claims in the WI It Managing Director and Const Consulting ting Engineer f v Little Cottonwood Mining District Salt SaIt Lake O County Utah about 25 miles southeast of Salt Lake Lako City On tho the L I same sarno sido side of of tho UJO l Emma n ma Hill are a number of other mores of greater or less renown with an aggregate production to date ate totaling millions of dollars REPORT OF GEOLOGIST BEESON I II The character of the which tho the of is full set out in the k problem confronted management your our company fully reports of Mr I Herzig o and 1 Mr fl Beeson The diamond drilling g operations as ns pointed out in Mr l Beesons Beeson's report were Mr C 0 O. S. S Herzig Managing Director Alta Utah Oct 5 1916 sr Ii sro on account of convenience of access carried on from the Bay City Tunnel level in the tho Old Emma Mines Iines Company Emma Copper Company Salt Lake City Utah i r y t ground Our engineers advised us that if the oro ore could be proved at nn any one point on tho the hanging wall side sido of the Dear Sir f 4 fault fault we vc could feel assured that the tho continuation of all the oro bodies worked on the foot wall side of the fault Cj would be found with properly directed development work I be beg to to submit to y you ou a brief report repot of of my my work work from the tIle time I joined Dined your company in in the middle of May bray f In addition t r to this our engineers advise adise us that we may expect these ore bodies to extend to a to very wry considerable After spending several weeks in a preliminary investigation bo both h underground d and on surface it became evident depth following the experience of other h similar deposits i s in in other mining raining districts thereby insuring us a a. long that in In order t to arrive at nt an any satisfactory satIsfactory solution of the complicated geological problem it It would be necessary v. v c period of productivity in t the he future futuro to 10 make ake a detailed top topographic and geologic map of of the tho company's 5 property as as well as ns contiguous areas from i ir J- J 7 Mr 11 Herzig points out the ilie desirability o of a n. consolidation of the property of your company with that of the Old which corroboratory I evidence could be secured This work work was greatly facilitated d by the extensive underground i f Emma Mines Iines Company adjoining and with 1 which our workings arc ore interlaced workings amounting to many thousands of feet of linear development and b by the excellent exposures of the rock rocki i Y Your Board of Directors had for some considerable time past and before the ore had bod been found by the drills strata on tho the surf surface f given much thought and attention to a n. plan for bringing this about to thus secure the thc greatest benefit to the tho stockholders stock stoc Tho The preliminary investigation developed two m main main n propositions holders of your our company Some doubt being expressed by our attorneys as to tho the authority under the Utah statutes First That the high hig-h grade de ore bodies which were worked r in n the upper levels had not pinched out or been ez- ez of your company acquiring stock in another mining company c it has hns been decided that a holding holding- company be hausted due duc to any Ln impoverishment but rather because they had all been cut off by a fault or dislocation of tho the organized to acquire all nU or at least a very large majority o of the stock of your jour company and that of the Old Emma rocks rooks Mines Company This plan has now been agreed t to by t the he interests o owning ning more mor than two-thirds two of the shares Second That the deeper workings of the Emma Copper COPPS Company tributary to the Tom Moore Tunnel j of of stock in In t the e E Emma IUa Copper Company ny and of stock stoc in In the Old Emma Mines Imes Company any The complete comple e. e de details of considerable po possibilities il lit cs as potential ore producers from lower lying favorable limestone beds beels on the foot wall po poof possess poSSeS of this plan which j your ur Board Board heartily recommends s will form the tho basis of another circular to the tho stockholders of the fault below the Emma limestone which heretofore has hns been tho the chief chef producer your company which will mIl be issued as soon as it can bo ho prepared printed and mailed In conclusion the tho shareholders shareholders' attention is called coIled to the statements statement made in the accompanying reports as to Fro From t m t the h e 0 Old ld Emma Mine dine on on the s southeast through your company company's s property the underground wor workings are continuous all tho the way way to th the neighboring Flagstaff Mine on the northwest This fact permitted d a detailed investigation the advantageous ad conditions under which your property can ho lx operated and particularly to the near proximity to be tamed carried out which resulted in the tho conclusions of the Herzig Drift to the Montezuma Fault and the ores which lio ho beyond it and also to tho the great eat advantage g accruing ac ac- came In King following r 1 1 Tho ore bodies have ave been formed at tho the intersection of northeast fissures with certain beds of soluble lule limestone lime lIme- truing to the combined properties on account of having haying at their disposal tho the shaft In n a a. very verr short time stone and d thus continuous chutes rather than chambers of such in limestone are aro ore pockets or ore as common In this shaft can be put in complete working order so that ore can be mined from both properties at a very moderato moderate formations expenditure of time and and the properties be placed on a n permanently profitable producing basis money 2 2 w. w The e 0 old ld workings vor k Ings were co confined nf mc d t to 0 a 3 po particular rt I nr 1 limestone Imes to ne f formation orma t. t Ion k known mown as tb the e E Emma mma Lim Limestone w which t- t wM BARRET BARREl RIDGELY t contains all of the large oro ore bodies mined in the early days President Emma Copper Company 3 3 Tho ore bodies were ere formed in this h limestone before a L series series of south north fat faults ts dislocated the strata the principal one being the Montezuma Fault which has been traced over the tho surface for about two to miles Where minor d dislocations have been caused b by smaller faults tho the ore bodies have been found and worked beyond them REPORT OF CONSULTING ENGINEER HERZIG 4 Investigation shows that the strata on tho the crute eastern side of the the lo 1 Montezuma Fa Fault marking the main line lino of ot movement have moved downward very much like the o opening of a pair of scissors the pivot being to the southeast of To the Directors of the Emma Copper Company Salt Lake City Utah Utah October G 6 1916 Old Emma BO so th that t the great greatest st displacement of the strata is to the northwest This displacement apparently y amounts to a maximum of about feet I have o the honor to report that during the tho period of approximately fifteen months in which I have havo had the tho 5 In view of the fact that the old workings are confined entirely to the Emma Limestone which as already technical direction of the company's operations considerable underground development has been done through stat stated d were continuous from tho the Old Emma to the Flagstaff it became evident that on the hanging wall side ride of ot the ilie Tom Moore Tunnel workings Very recently we have witnessed the successful encountering of high grade Frade ade ore in inthe the fat fault t tho the same continuity of the ore deposits might be expected O the diamond drill holes boles sent down n to prove the continuation of the rich ore bodies worked from the surface The diamond drilling operations which are now in progress had for their object actually to visualize a a. portion Certain s sections of tho the ground penetrated have bae shown assays as high as ounces silver In fact five feet of the faulted ore bodies It was found on investigation that tho the most convenient place to do this work was in of the core obtained from hole No 5 reP representing resenting only a fraction of the total thickness of the ore body penetrated tho the Bay City Tunnel of the Old Emma Mines Company bec because the point where the ore in the Old Emma Stops was wast t had an nn average assa assay value of more than 26 ounces silver In hole bole No 0 G another five feet from which a good 1 cut off by the tho Montezuma i Fault was only 60 f feet t above e the Bay City Tunnel level On the other hand the Illinois Illinois core was obtained showed an nn a. a average crage assay assay of 05 65 ounces sil silver er and md per er cent lead having a n. gross value of more tunnel worl workings representing the lowest tunnel through which the old Vallejo ore bodies were mined is at an elevation ele ele- ele- ele than 90 per ton These results are only indicative of what may bo be expected in actual mining operations The core aHon nearly feet higher Another important reason was tho the fact that the Bay City Tunnel workings extended obtained represents only a portion of tho the material penetrated Most of the rich sulphide which is brittle is lost in at various places considerably into the ground on the hanging wall all side of the fault |