| Show ElY CON PASSES PROSPECT STAGE Levies Assessment to Place Its Mines in Form for Production With the w werk rk of oC the last I month ore ere bodies in Its Bill Mant lant arit and Zaak BC to tho extent that tat mines have been beon proven and with Its available cash cah k resources re e In the performance of or that 4 ork the ray Kly Consolidated Copper company has Han levied upon lit Its outstanding ou ing lt hares Khares numbering an as of ot five c cents nt a share to pro provide vide Ide de th the working fund CuDd seeded needed to place U property n an economical pro producing bails ba U Till This mean mea Is II I reported rN ned 4 f tn t for tor the reason that treasury eury stock toek cannot annot be nold eold to advantage on Ute the market markt A financial statement covering the f rt five months of ot the year YO r together teother with In f a R report of ot th the work werk Ii has hae Ju t ben beB b R tamed t by b S M 1 lAn the company president In wIeh be says MY During thin thill period p there were ere 1348 12 8 f tet ft of oC work performed n ih the he property Jr of or whIch 0 feet wore were d dane n on o the UM level lovel ef of the Bril Brilliant hAft 3 feet en the of ot the Zack Zek shaft and feet on en shaft f level lel of the American Ou 0 1 tit U the level of th the haft chaft haC drifts were ota e for ever eor 1 frt ft in la ta tIle porphyry all an f fae es In UM the U same ma maTUI TUI 11 No N work ta Is I going golD on en In tt that haft at at for fo tb tb the reason ren that O if h work don has b ha de I that we f have hav ve a body 1 of this thie material of or suf 4 f M nt Ix nt to 10 warrant the sinking f z th h shaft to th tb the zone and 1 lp he out of or the tho or ON ore at lower tower 1 71 iK l This T work will wi b te be undertaken n at an an early dy slate late u uIn In th the Amerlean haft Mt some IfO smal f Moots ho of ot ore oro or hv fee In been n ex ox ro rd In n both tW U the ea east t and aM we drift and while Ih tI the Ide grade m l of this ore ere l II Ic v vet very ry development aa ae to the extent of ot rf he hf hoe haa not nt l Ion been en satisfactory It lt I 11 take Jre iere N r work to 10 prove two the U a lu I U of oC tb th t Ml A I the tte work In the th Brilliant has lias lW hM d 0 o tb the tha oh ore or In th north drift has MM boon been to lo a depth of or about att 70 79 f Ct t tT ta T tf a win mn and AM In a rates rals r of ot about ii p 0 f fet t on oo O the tho vein both faces fae eon con cn In ht or Or oro Th Te The WB R Is to I now at ati atS S i 1 water at lv level l awl am will wil T r f b bl be continued further until tho the thol thoI l I wr levels level of ot the tho min are aro un una a The Th ralso ralee mile Is So I being belm advanced recent shipment hl from fro th thee s work n ng 1424 gold 40 silver 76 6 pr pet cent t copper capper and AM 36 per r cent ran fOD Pr m r Ihl ent nt Is Iii II now Itow no ready fr f ih th the market Xo Xe o attempt Is lit i b being ln TAJ to tn extract or 0 for fo regular whIp at that thee Is b homE ln lna T nt nd the th only ore fr or II a e l mi ne aR th the market Is hi that produced produce n the he I hI course t t of development I In No o 1 I west Wet drift a aly btty ly of 0 nt wl ore ere containing low loW t lCt J in fl gold IW oM and silver was q M 1 This Th drift An continues continue In this claw f r r ro Thee developments ar In M Illon to those tl referred to above It I pro to 0 equip v this shaft If with witha wih i n a pumping plant when the tho ore 1 exposed x on the th 9 level will t 7 In levels to tee be run rn at nt the ther 11 r PJ f tot ft elation and at the Ra 0 With Wit atton tide this U aA work completed It I iti r TI i lf be possible to te compute tonnage In Int r i c mine minel I t The rho developments In Nth both the lint ent ant an and l de Z Zek aek k shafts have been sails satiS sUs I fa tory an wt hilt t It te le I n 81 for far this i I tot to be he I properly financed booro boor N me bo the U work outlined above 1 T ie financial statement shows re no r noU U tM aad disbursements from Jan an 1 l lIL sf 11 IL l 11 1110 as ow al follows I nn n hand 54 hM Jan JRR 1 1 19 b M h ot of f treasury tr and aJ ore o note nete net and andi J 3 h for company to an tj i T r raid ati payroll rel ami ar an sundry ac 2694 i T 1 mine 1 IRe development w work werk rk JIs f eJeM and stable 18 lul at 10 1001 T 7 n i rM f SteU Itt V 01 t JK at ex e tse r 12 7 a 5 e t ti h r on n bRag band I Mel May Y 31 |
