Salt Lake Herald-Republican | 1915-07-04 | Page 31 | Utah Metal People Estimate $1,500,000 Ore Blocked Out

UTAH METAL PEOPLE ESTIMATE 1 ORE URE BLOCKED OUT Utah stockholders In the Utah Metal Tunnel company wore ore yesterday esterday In receipt of ot the following statement from Treasurer W. W E B L. L Dillaway of oC Boston Boston Boston Bos Bos- ton The Tho mineral developments In your property since the earl early part of ot May have been so extensive and valuable a as aA to not only gratify your oUr directors but astonish them Apparently the limits of ot the principal ore body which we e have discovered will not nOL J. J be ren reached within tho the boundaries of the property because the thc direction In which drifting Is 18 now being carried on eastwardly Is towards old workings where rich copper copper copper cop cop- per deposits were discovered In times past and arid towards the tho old Jordan claim of ot tho the United States Mining company compan which has been and Is a wonderful producer producer producer pro pro- ducer for that company You will win possibly possibly pos pos- sib sibly recall that It has been beon said that that company has extracted from Crom Its ground round In years ears past over i Certainly a 0 lar large e proportion of this I must have come from the old Jordan claim The drifting on our property is likewise likewise like like- wise In the direction of ot the Last Chance group which Is owned by the United States State Mining company and acquired acquired ac ac- ac- ac by them only two years ears ago but from which It I lq announced they are re earning over ever ver net per month We 0 have apparently cut Into two other and anel Independent bodies of ot otoro oro ore which while it Is not expected they will show how much richness nevertheless apparently contain large quantities of ot shipping and milling ore The latest advices from tram your our property prop prop- crt erty stated that settlement have been made for tor carload carlond lots lols shipped to the tho sm smelter alter running nF over U 42 2 per ton ton over 60 per ton and over 80 per ton Of course these aro are Individual Instances but of or tho the tift fifty odd carloads sent to the smelter since May 5 none has been below helow 19 per ton and a large proportion proportion proportion tion over o 25 per ton There has already alread been blocked out in our mining operations a n. body of ore are which will probably show values alue amounting to at nt least and wo we o ohavo have havo not done any or mining but our present production Is entire entirely from drifting drifting- It will be seen that this estimate of ot tho the value of ot the tho present body blocked out Is liable Hable to be too I low 0 V. V