Show BRITISH COLUMBIA the granby consolidated mining smelting smelling Sm elting and power company produced pounds of copper in the first quarter of this year or at the annual rate of slightly over pounds after crediting miscellaneous income I 1 to cost the company announced an average of cents a pound to produce this copper which is lower than the cost in 1923 during which period the company labored under difficulties with an output of pounds the madni midnight 6 ht claim adjoining the 1 I X L has produced from a vein vein recently discovered a quantity of very rich ore it heing being estimated that a 50 sack lot would run per ton in gold the property was recently leased and bonded by half a dozen miners headed by J lumberg formerly employed in the 1 I X L this added to the rich return made by the I 1 X L which far exceeds the mark has brought about a new spirit among the prospectors who are now scattering t thern themselves selves throughout gout the immediate territory of the midnight and I 1 X L with the hope of finding similar rich veins the property is at rossland the premier gold mining company operating near stewart has struck an ore body forty feet wide on its no 6 or deep tunnel level the average value is 30 ton in gold and silver according 6 to reports the tunnel has been driven a long distance and attains a depth estimated at 1200 to 1400 ft it provides hundreds of feet of possible ore backs between this and other levels the disclosure was preceded by diamond drilling A dividend of or 8 cents a share on the lue ue of shares will be disbursed on july 5 accordi T to report this will increase the total of disbursements t of which was made in 1923 the p fits of operation in the first four months of 1924 were vere before a deduction f for or depletion V |