Show THE OUTLOOK FOR THE AJAX Ill Good Ground and Shares WortH 83 Each H M Ryan one of the stockholders and directors of the Ajax property near the Mammoth in the Tintic district dis-trict has the following to say regarding regard-ing this valuable property The Ajax is composed of three claims embraCing what was formerly known as the Champlain mine and F faction and the old Opperopohs The deepest workings in the Ajax Is by means of a 4b2foot shaft When the shaft has been driven fiftyfive feet i more the company will then drift about 150 feet which will bring them directly under the old workings of the mine When this is done and a small amount of development work performed perform-ed at the face of the drift which will I be necessary to make room for a reasonable working force the Ajax will surprise those who are not well informed concerning this property for it will then become one of the largest shippers of high grade ore in Utah More than a million dollars have been paid to those who formerly operated this property from the proceeds of the mine This was before the consolidation con-solidation of the Champlain and Fraction Frac-tion and the Copperopolis which consolidation con-solidation was brought about by the late legal contest and at a cost of many thousands of dollars The large bodies of ore which paid this immense sum was taken from the mine at a depth not exceeding 350 feet The Mammoth adjoining is developed for a depth of 1400 feet finding its largest larg-est ore bodies at that level The development de-velopment of the Mammoth proves that the Ajax will not lack for ore while driving the next 918 feet From data secured and conservatively figured and taken in comparison with the Mammoth and the former production of the Ajax and the present condition of the Ajax we are satisfied that Ajax stock is well worth 3 ia share Since the consolidation the expenditures on the property have been in the neighborhood neigh-borhood of 50000 nearly all of which has been taken from the mine yet the management did not aim to ship ore except when convenient to do so while developing the property We estimate I es-timate that we have in and about the mine about 75000 tons of sore I s-ore averaging 1050 hi gold to the ton and carrying copper land silver to I the value of S5 However the gold is not found in quantities worth mentioning mention-ing in the ores that carry values in cospper the silver and copper ores being be-ing found in one portion of the mine and the gOld and silver in the other Negotiations are pending at present I between the directors of the Ajax mine and Mr Robinson of the Sioux Consolidated Consoli-dated mill for the sale of the Ajax secondclass ores We have every reason J rea-son to believe that the negotiations I will be successful upon the return of I Mr Robinson from the east in which event the Ajax company will be the recipient of a large sum of money and I the treasury will be in such a condition condi-tion that the hearts of the stockholders I will be made glad I I I |