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Show through authority of the board of di rectors." Assuring the plucky and energetic superintendent that everything would be sacred as the cherished secrets of tlx sanctuary, The Times sped on its way. iTlLLIrWISMALiD A Large Volume of Gold Ore That Will Eventually Beach the Centres of Circulation. RESULTS OF SECENT EXPLOITS A Mill to fie Erected so Soon as the Main Tunnel Taps the Main Ore Body. The auriforous resources of the mineral min-eral horizon are being splendidly emphasized em-phasized in the active campaign that is now in progress at the property of the Malad Consolidated or Mineral hill. The company that is also represented in the list on the stock board opens the new year with more assuring prospects than ever and is being developed on a policy that looks forward to a highly productive future. Thus far the management man-agement has confined Its exploits to development de-velopment and development only. That its territory embraces a large portion of a valuable ore zone has already been demonstrated and that the property has not been productive before this is due to the terms of, the very commendable commend-able policy and riot to inability. The most recent reports are those that are brought down by Superintendent Mo-Connell Mo-Connell who was seen by The Tlinee' Cieologloul Burma this afternoon. The gentleman was not disposed to yield any elaborate report re-port of the workings or to make any prognostications as to the future. "I fjatter myself," remarked the gentleman gen-tleman "that the oompauy will find the condition of affairs more encouraging than at any time since the work of de- velopment begun, . It has never been the policy of the company to undertake to market a pound bl ore. We could have done it, lot rue assure you, but there is very little satisfaction in gauging gaug-ing out the high grade at a sacrifice to exorbitant rates of transportation and treatment when by holding it back we can handle it in the form of retorts. We have already disclosed one of the strongest veins I have ever seen, the width at times being thirty feet between walls and never less than seven. The policy upen which developments are now progressing, is to see what lies In tha Lowar Zones of the hill. All superficial indications npbold the belief that the vein will not only improve in quantity and quality as depth is acquired, and this is what we are now seeking to determine. Tho tunnel is now driven into the hill for a distance of 2.10 feet. Midway of this a cross-cut, too, has been run for 85 feet that discloses the remarkable strength of the vein at that point. The objective objec-tive point now is to tap the main artery on its dip aud this according to indica- tions will be accomplished in the next fifty or sixty feet. The result at this juncture will govern the future policy of develoomonts. As I before stated, the object has been to ascertain the character of the vein, the extent of its contents, and to handle the ores in their bulk, and not in small lots, which could have been done all along. With thn Or Bootes Blocked Oat and their exact metallio contents established es-tablished we can then determine just the process that Is adapted adapt-ed to their treatment their successful and economical treatment. treat-ment. The product then becomes steady and continuous. The ores are handled on their general average and not in classes of fluctuating values. We ascertain in that way the value of our resources, just what dividends the fleeting mouths will yield and just how much at which to place the prospective as well as intrinsio value of the property. prop-erty. The ores, as I have remarked, vary in their value some of them sample sam-ple and specimen classes for example reaching a fancy figure. You may safely place tho average value at $10 a ton, however, and at this price it would be almost impossible to approxamate the actual worth of ore in sight- The company already feel justified in the erection of a mill but will defer that until the main tunnel has tapped the vein on its lower levels. I thiuk that A Wl Couri, as then we know just what capacity is required. Again, the metallurgist is constantly making economical changes in the art of concentration, and a few days may give us the advantage of some important discovery. The Malad Con. looks well enough, and if you and I had all the yellow metal that is slumbering there today a brown stone front would be hardly rich, enough for our blood. The outlook at present fully justifies all that has been laid out in developments, and the future campaign cam-paign will be as active as has been the past. But don't repeat what I have said, as reports are allowed only i |