Show EREK EUREKA BOllON BULLUM ISSUES STATEMENT Sto of ot tho Eureka Eurela Bullion Dulon are ae 1 receipt of an official notice notice-i from which tho the following Is taken In sending out notice of or our third assessment of ot 5 I cent per haro sharo levied on tho the capital stock wo we d desire to give to our stockholders ers some Information regarding the work we have havo done dur Ir lag ing the tho past year The work progressed at a normal rate until we reached approximately tho the foot level when hon what whit Is II probably ably the largest cave In the district It t Is 11 approximately 70 feet deep feet lon long and feet wide was as en en- en countered A this of HUrO survey cave cao demonstrated dem dem- that It has at ono one time been filled tied with ore but through a process of at leaching the oro ore had had- hac gone one down The survey also revealed both north arid and south and east an and west breaks which are Important showings In th the Tintic district Shortly after the cave was the miners ran Into a loose broken formation which had to b bc drilled and picked out as tho the use oi ot 01 powder would have caused tho the to cave In It I also became necessary to shorten the sets for tor timbering antto and ant to use standards and 4 inch lagging lagIn lag ging In where Inch 2 lumber had serve served while In solid ground This sold was necessary nee cSar essary for tor more mOTe than tItan feet teet and th the miners miner could make mako very vary little pro proe resL Late In November ember the ground became harder battler and the tho men were able abl to make snake greater progress and by the tin first of January this year ear a depth 0 o approximately feet teet had beer beci reached ranched Early In October of or 1017 In 7 we fount foun that tho the hoist we were u using ln was waa n no heavy enough to continue tho the work fo so 0 the com company any Installed a horse 60 power engine engino and hoist holat with wih 1100 fee of ot inch 2 steel cubIc cable Our Is now considered heavy henvy enough t tRink tl ti Rink sink the shaft shat down to tho th foo 2000 level b by the tho purchase of additions cable able All AU of ot the machinery has bee paid all for fOl During the progress ot of the wor won Important developments haves hav hae take tak Place Just lust before the big bib cave cavo wa a encountered 6 5 and nd 6 C I per cent lea values value with wih values alues in both hoth silver an angold gold old were found At t present pre nt wo we ar nr getting low Jow lead values alucs In tho the ahal shat and have havo been heen getting them for th past 25 5 feet but believe beleve that the for foi matlon maton wilt will wil leave have to bo be much harde before shipping values aro arc The Tho mine has not been closed dow y more than a very ery few days since th work It I Is 1 tho the desir of ot the board to continue sinking a rapidly as an a possible hence the of ot putting on this assessment for th tl outlook Is la very good for a a dividend payer pator within title this year |