| Show CHIEF consolidated REPORT walter fitch president and general manager of the chief consolidated mining company operating at eureka utah has issued a report showing cash on hand september from january 1st ast to september a total of feet of work was accomplished A total of tons of ore mined yielded net the mine produced ounces of gold ounces silver pounds of lead 1795 pounds of copper and pounds of zinc the ore averaged a ton sampling freight etc 1278 leaving net 1860 the total net profit was the work was done from the to the 1800 level the presidents report says that work was started on what is known as the pinyon peak tract on the companas comp anys new group of claims in the eastern part of the district and a shaft sunk there to a depth of feet and drifting commenced in the hope of finding there a new ore zone nothing of importance has yet been developed but conditions are considered encouraging the scotia mine option has been surrendered and work there abandoned the eureka city mining company has been dissolved during during the year the company has purchased numerous additional mining claims and also a majority of the shares of the mining company which it now controls the ground of that company adjoins that the chief and it will be explored by the extension of the mines workings receipts january 1 1916 cash on hand ore sales nine months interest six months eureka city mining co due from smelter disbursements operating costs 9 months machinery and equipment construction mining claims houghton expense 9 months february 7 dividend no 7 may 15 dividend no 8 august 2 dividend no 9 due for labor october 1 1916 balance cash on hand |
