Show THE MAJESTIC COPPER CO interesting facts and figures figure s conc concerning arning this utah proposition united states investor the property of the majestic copper mining smelting smelling Sm elting company now appears to be in the hands of energetic managers who will endeavor to fully develop and place it in the list of large utah ulan producers samuel newhouse will manage the property for one year or longer if he so wishes and from reported statements made by him he expects to carefully develop and place the mine on an earning basis while well e quipped equipped with a smelting smelling sm elting 1 outfit a concentrator plant is needed to handle the great quantities of low grade ore and during the year it is quite possible that this concentrator will be built mr newhouse has been east recently and it is asserted that he has made arrangements for ample capital to f finance the proposition in any way his judgment dictates the majestic was organized in 1900 with a capitalization of par value f shares 10 in 1903 the company was reorganized a large portion of the stock laving having been pooled for five years from oct 1 I 1 1903 early history the early history of the mine w wis was is not particularly encouraging as to management the he energies of some officials being devoted to 0 creating a price for the stock rather than to 0 developing a mine and indebtedness accumulated mu which will be taken care of under the he new deal the company owns acre claims covering 2450 acres an 80 acre and 1100 acres of miscellaneous r land at milford utah also a modern smelt 1 1 ing plant at lewisville Lewis ville eight miles from the mines the smelter is capable of handling considerable custom ore and with the san pedro edro salt lake railroad in operation it is s expected that custom work will be secured to 0 o the utmost capacity of the smelter after Chand bandling land ling what majestic rock it is finally to take from majestic favorable reports the newhouse engineers made ani an exhaustive hau lau stive report of the properties being de impartial as upon their result mr newhouse made his decision to take hold we are able to furnish from the original opy COPY of this report the findings of the en ginders Si gi the following is the exposed ore as found bound by them i 0 K mine foot level tons 0 K mine foot level tons the too foot level in the east and south crosscut shows a general distribution of metal almost wholly sulphides sulp hides believed to mark the beginning of the 0 K as a great producer forty five feet below the 00 acot level as far as development is reached shows constantly increasing minal eral in this mine as in all others on the property values in lead gold and silver are found nine samplings taken from this mine averaged 35 per cent copper 53 ounces silver and loc in gold per ton the old hickory mine has opened tons of ore averaging per cent copper 1 14 1 4 ounces silver and in gold per ton the harrington hickory shows exposed tons ons shows high values in lead which runs 12 per cent silver eight ounces and 4 0 c in gold good values A summary of ores in sight follows value copper gold silver lead value in sight c cost of mine mill and transport profit on ore already blocked out pounds ounces the above figures are estimates on ore actually in sight and afford some idea ot of the magnitude of the property when it is safe to say it is not more than ten per cent developed as yet under the energetic management of the newhouse people prospects are good for a paying mine to materialize rapidly majestic is one of the curb stocks and is now selling around to a share As a speculative proposition it has great possibilities and the stock has prospects of selling higher within the next few months |