| Show I 1 t 1 DETAIL REPORT ON ROCHESTER MINES i I I Utah stockholders r tho the Rochester Mines s company compan are of a statement statement state state- tat ment from General Tanager Manager nager I L. L A A. Friedman which she sheds now light on a tI number of or matters of ot importance relative rein rela tive to the ph physical arid aril financial conditions conditions conditions con con- of oC the Nevada mine and compan company company com com- pany pan which are aro a a. source of or encourage encourage- ment meat The report in t li ll la as os follows To the stockholders of r tho the Ro Rochester Rochester Roches Roches- ter Mines company compan company As s several important events have ha taken in th the affairs s o of tho Roch Rochester ester Mines company sl my last letter letter letter let let- ter of ot July 22 I will wilt tako this occasion occasion occasion occa occa- sion to fully advise the stockholders as asto asto asto to what has been and as to conditions conditions conditions con con- at the tho mine On August 17 last ou ourt company took over by purchase i 1 Iq known as tho the BIg Four lease and has been l con operating the tho same ame since that date dale This has haa been n kno as the banner 1 lease Jesse on tho the Rochester hill and has hits made nade oLde a n. gross production during tho pa past t two years of approximately tely p Since taking over 01 this lease e wo we have Veen ben en I systematically systematically and aggressively w n it by byway byway way of oC sinking a a. winzo o oin n tho the vein is S now no down about feet teel below below be- be low w tho the level of oC what hat Is known own as the Transportation tunnel and Which is s the thep p present ent lowest working level le el and d do- do ment work ork up to date has 1135 proven the v nin lar larger erand and richer tit nit every foot toot of ot th depth gained gained- which us all aU the tho moro curtain that we will cot ant a big ore body W th th our deep t tunnel in fact I Ido Ido Ido do not to state statu that when I f visited ed tho the mine yesterday I saw In tho the bottom of ot that winzo what I 1 consider I the biggest gest showing showing- of or oro ore I ever over saw in any anyone one place In n a a. mine in all my experience In minIng raining During the past few low days the company company company com com- pany has also taken over by purchase lease lealo No 2 2 commonly known wn wn as tho the Codd Cadd lease This lease has haB not flot of got Sot the tho high grade rado ore in evidence at this time that the Big Dig Four lease has al althoUGh although although al- al though It has a veritable mountain of ot very high grade milling oro ore which the company can mine mino to a much better advantage advantage advantage ad ad- vantage than a leaser lenser could and this thin now eliminates all nil the leases or at least what has been known n as the tho three big leases on our ur property and enables our our company to develop the mine In a 0 systematic systematic BS B'S and nd economical wa way In connection n with the purchase e of ot these leases I wish to state that the tIle price and terms are aro such that it will not make mako any material difference to tho I treasury of or tho the company compan as the pa pay pay- monta monts are arranged in such a a. way a that the money will be bo paid out In n Just about the same time as WI we would have to pa pay it to the tho leasers if it they had worked the leases themselves and tho the advantage advantage advant advant- age ago of or the the-compan the company developing its own mine is too obvious to need further mention here There seems to bo be a persistent rumor that tho the company has purchased or Is about to purchase tho the ground of oC the Elda Fina Mining lining company which lies to the ea east l of or the Rochester Mines Ines company property I wish to state that there is no foundation for tor any such rumors rumors rumors ru ru- ru- ru mors as our company compan has all the territory territory terri terrI- tor tory that it requires at this time timo and does docs not Intend to and will not nol purchase purchase purchase pur pur- chase any further ground The deep deop satisfactory tunnel is progressing progressing- very ry and anu is now into the hill hm a a. distance of or 65 feet Ceet from tho the first sot of timbers timbers timbers tim tim- bers at the tho mouth of oC tho the tunnel and ha has j lately been advancing fifteen feet per day Although as tho the tunnel ad advances advances advances ad- ad vances tho distance for hauling the tho waste out increases and I doubt whether er this pace can bo be kept up until the completion of the tunnel which will wm be bea a total length of oC perhaps 1300 or 1400 feet teet For further Information for the tho stockholders we had our engineer prepare preparo preparo pre pre- paro pare a a. section cross-section map which has been made b by surveys and is correct in eVer every detail This map will show you ou our deep tunnel in conjunction with our vein system it will wilt also show you Jou the tho dip of our three veins which you OU will see should converge at a point considerably considerably consid consid- above whore our deep tunnel t will cut th m and should make malto one Immense immense im Im- mense big vein eln and wo we expect to reach this point with the tunnel within the tho next next- sixty days unless we meet with some unavoidable able delay dola It will also show you with what hat absolute absolute- security we wo are aro holding tho the apex rl to our veins If Ie you will save save this map so you can refer to I It t. t as the tho information regarding the progress at the mine is g given cm to you from irom this office you OU can easily ascertain Just how the tho work Is progressing and at what point we are working 3 as you ou will see by the map the square sections are aro feet square Our mill has been doing splendid work ork continuously sl making a n. splendid extraction and has lately been treating l O tons of oC oro ore per da day but taking Into consideration all unavoidable de delag delays delays de- de lays lag and mishaps such as aro arc alwa always 8 liable to occur our mill will mako make a n. good average for the tho month o of tons per day We Ve havo shipped in bullion from th the first fifteen days operation of oC the mill for Cor the month of oC a little lit lit- tle over 2000 worth of or bullion and expect to tD do fully tully as well weH or better for tor forthe the tho last half haIr of the month The Tho Nevada Novara Ne Xo- vada vara Short Lino railroad from the mine mineto to the thc mill mitt la Is now completed a excepting a a. few tew small details and will commence hauling our ore from tho mine to the mill within the next four tour or five days This assures there will bo be no further delays delars In getting ore Ole to the mill on account of road or went weather her conditions Wo We expect to have ha the tho stock of or the Rochester Mines company listed and called on the New York curb within the next ten days das Tho The old stock certificates for Cor exchange exchange exchange ex ex- ex- ex change for our new en engraved certificates certificates cates have been arriving at the office so fast that the office force Is overtaxed overtaxed overtaxed over over- taxed with work worl and stockholders will receive their new certificates as fast tast as the office help can get et them out Stockholders wanting any am Information Information information tion r regarding any particular part of or orthe the tho affairs of ot the company compan will confer conter a favor favol upon the management b by writIng writIng writing writ- writ Ing to tho the office for it and it will bo be cheerfully cheerfull and corre correctly furnished as fast as time will permit |
