Show UTAH APEX WILL INCREASE EARNINGS in a review of the situation at the companas comp anys properties a boston publication has the following to say about utah apex utah apex has completed its flotation mill and the new unit commenced operations last week with the exception of the copper department not yet finished the com banys earning 6 prospects with the new mill in operation are arc undoubtedly brightened inasmuch as ore values which formerly yielded nothing will now be returned to the company this plant will separate the zinc and copper from lead ores permitting utah apex to realize on these metals at the smelters shelters sm elters which pay for lead copter zinc concentrates on the basis of lead prices alone utah apex is also pushing metals production at its various various units an intensive development campaign now being in progress the shaft has been deepened to 2500 feet from which point drifts will be run the company has since the settlement with utah delaware been preparing ore reserves between the 2000 and 2500 foot levels for operation such reserves are now ready for actual mining the total area of mining claims now owned or controlled by utah apex is about 1226 acres these land holdings comprise several promising units which may with further development show big increase in output the company has hitherto been a very efficient producer recovering approximately 90 per cent of the lead content of its ore and there seems little doubt that recoveries will be improved with new milling facilities in operation these facilities will moreover increase producing capacity approximately 50 per cent and will make possible revenues which formerly went to outside refining and smelting smelling sm elting interests |