Show THE CHIEF consolidated reporter eureka utah A splendid example of what can be accomplished complis hed by systematic mining in the tintic gintic district is made in the first annual report to the stockholders by president walter fitch of the chief consolidated company the chief consolidated took over the property of the little chief company in february of this year and the most important strike was made on the 1400 level last october and in that month the first profits accrued amounting to the following month the profits from the sale of ore amounted to over and mr pitch expects that the rate of earnings will gradually increase during the coming year the ore body is now being opened up upon the 1600 level and the indications are favorable for the ore extending to much greater depth shipping from the new ore body was commenced october 20 and up to november 30 the net returns from the smelter for that ore alone were the present depth of the shaft is 1675 feet drifting has been done during the year on the 1000 1400 and 1600 levels much promising ground has been developed on the lower four levels and several hundred tons of lead silver ore have been shipped from the 1800 level the company has acquired by purchase and exchange virtually all of the ing shares of the little chief company and in addition to the claims owned by that company it owns directly two claims and has a one half interest in two others through a controlling ownership of the shares of the eureka city mining company it has the right to all minerals under the greater portion of the town of eureka the combined estate of approximately acres covers feet of one known ore zone and the entire territory ia 1 13 virgin ground the eureka side of the district mr fitch observes is celebrated for the persistence pers istance of its ore bodies and its mining record is almost without a failure he believes that the chief properties are the equal of the best in the district |