Show ANCHOR COMPANY PLANS Soon to Begia Extensive Opening of New Ground When questioned on en the subject yesterday W V Rice o of the executive committee of the An Jui Anchor chor Mining board of directors said plans were sow now being perfected for an extensive campaign of new flew development work on n the lower levels of that great Park City property That it will be inaugurated previous to the annual meeting of stockholders which occurs occure about thre weeks from now he does not expect but immedi immediately afterwards the out of new approaches to ore reserves in absolute absolutely ly virgin ground wilt will undoubtedly be The opening shots be fired on the level and with results there accomplished pushed a knowledge gained in past explorations leads the manage management ment to expect the work wilt will be pushed at still greater depths and when another year shall have rolled around it is confidently expected that the Anchor will rank second to n ne of its neighbors One Ond examination of the property with witha a view to systematically mapping out the work has baa already been made and nd others are to follow shortly with the chances in favor of the entire scheme being placed in the hands of a corn com competent engineer for solution For sev sey several eral year and particularly during the period when the low price of Imd con cou coupled pled with the degradation o the white metal caused the closing down ot a large larga percentage of the pro producing during properties of the country the Anchor struggled along keeping Its it full quota of wen at work and did just Justas sat as much new work as its meagre profits would allow Through it all the pro production of the property in a great measure bore the burden with the re ye result sult ault that now the company has deter determine mint mine to branch out suid ad invade terri tern territory tory d and to all intents and purposes known to be barged with ore of great value Asked whether the plan would the levying of cC assessments Mr eaI it would not The Th prevent present In good i condition and perfectly able to meet the extra ex en expense prose pense which the work being planned wilt will entail and that it will Till eventually redound to the benefit benet of every evory shareholder 1 had not the least doubt The Anchor company owns an empire Of ground and as it is by Ks Its own tunnel to a depth of INS feet there is no reason reOu to doubt that thu when the narrow confines from which Alt all the theore theOre ore so eo far taken has been left and the unexplored regions are penetrated the search will be richly rewarded The determination of the company to te undertake the development at its ground on broad gauge jauge lines fines sail the tl assurance that it can be done without calling on the shareholders to contrib contribute ute tate will be with satisfaction by byall all of them The news is the best beat which has come from the old camp hr a long longtime time |