OCR Text |
Show IIDA OF PIOCHE IS 10 SHIP LEAP ORE Good Reports at Annual Meeting of Stockholders of Company, Hold Tuesday. Tho annual mooting of tho ' stockholders stock-holders of tho Monda-Nevada Mining company of Piocho was held Tuesday afternoon. Tho former board of directors, who havo conscrvod tho interests of tho stockholders during the past year, were unanimously oloctcd to conduct the affairs af-fairs of tho company for another year. Tho personnel of the board ia T. J. Os-. borno, president; John E. Cook, vico-president; vico-president; William Lloyd, manager; J. L. Perks, secretary, and J. B. Toronto. The report of President T. J. Os-borno Os-borno showed tho mine to be in. ox-collent ox-collent physical condition. On the 700-foot 700-foot level a large body of galona and load carbonate ore has recently been uncovered, which will average about $1S in gold, 31 ounces silver and 32 par cent lead. About 200 tons of this oro is now in the bins ready for shipment and tho company is installing an air compressor which "will enablo the mine to bo worked to its full capacity. The companj- owns ten claims. The ma.ioritj' of tbo claims are patendod. Tho company com-pany expects to resume shipments as soon as tho price of metals justifies tho selling of tho ore. From tho reports made it may bo ex-pocted ex-pocted that tho Menda will in tho near futuro furnish additional ovideuc.o of the productiveness of Piochc. |