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Show 1 RHYOLITE Mi :i MM PTVEIVEI" ! Pioneer Company Has Renewed Lease and No In-y In-y deotednoss. II EXTRACTION CAN BE h MADE ECONOMICAL r Increased Output May Follow Work Now Under 'i Sorao fourteen months ago when tho j valuo of the ore deposit in the leasehold i d tho Pioneer Leasing and Milling- com- j pnny of Rhyolilc, becamo known, a ' sharply contested strugclo for control j ensued, says the Herald. Then it wis considered that tho future of tho property prop-erty was great and tho prospects for dividends very reassuring. Then there j -wore but ten of elevon months of tho J lifo of the leaso existing. , By the renewal of tho lease thcro arc now over thirteen months in which ore I oxtraction can be carried on. Now the leasing company has no indebtedness, J but on the contrary has considerable I funds in its treasury. Today tho ore 1 howingB are sad to bo greater, more , wctensive, and of a botter uniform ffrado than a year ago. Economical Production. Today tho means for extraction arc Buperior and iho knowledge for operation opera-tion more effective. In various ways more economy is practical. Consequently Consequent-ly today tho chances for profitable dividends should bo much greater, and , it is but fair to assume that ono should be soon forthcoming. If not, why not1? The recent cxtonsion of tho big stope to the northeast has penetrated oro at about 140 feot deep. It has cut into ihis ore for over ten feet and tho face . of tho extending Btopo is over 20 feet I wide. Average faco values have as sayed this week $190 and$170 per ton. J Carload lots have been yielding highly j profitable values. It is not known how far above this 140-foot level tho ore extends. A drLCi is bolng run on the 210 level to cut Into the same ore at that depth, and ihat. with connection at tho shaft, will afford easier menns of extraction. New Oro Body. The body on the 256-foot level from b which ore is being extracted, is appar- ' ently a different deposit from that in ' J tho big stope above, as it is differont. in various respects. It is not so largo, varying from two to five foot in which still it so far appears strong and steady. 1 From the strike and trend of both deposits it seems all will bo found well within tho I3i-Mctnllic limits. It is admitted that tho general oro j presentment is superior to anything in the past, and that tho general average of carload lots is decidedly greater, with ! the prospect of indefinite continuance, i It is possible thnt an increased output ' will be made aft or tho drift on the 210 r connects with the big oro body to tho ' j nortii. |