OCR Text |
Show MIAMI TONNAGE IS A VERYBI FAGTOR Com pany Has Increased Ore Reserves Greatly in Past Two Years. y 111 regard to the Miami Copper company, com-pany, tho firm of Thompson, Towlc ,fc Co. has the following to say: "The recent statement madi; by Mr. Channing thut the ore reserves at Miami Mi-ami now ;i mount to 1S.000.000 ions, is the- first official cstlmato showing an Increase from the old figures of 14.000.000 tons, which have stood as the reserves at this property since tho spring of W00. Miami's main ore body has been developed devel-oped very rapidly. In March. 1908, there was hut 2,000.000 tons developed, whilrt within a year's time the reserves were brought up to Li. 000. 000 tons. "During tho past eighteen months Miami Mi-ami has been confining most of Us energies en-ergies to tho construction of its concentrator, concen-trator, power plant, etc.. and tho further fur-ther opening up of its ore bodies preparatory pre-paratory to putting the property on a producing basis, and consequently not as much attention has been paid to tho development de-velopment of oro as was formerly given. Of the recent addition to tho reserves a considerable tonnage lies adjacent to the Inspiration end line In the Captain Shaft territory, while somo of tho Increase In-crease Is in the extension of tho main ore bodies. There Is still a considerable amount of undeveloped territory at Miami, Mi-ami, tho most likely looking ground probably being on the Red Spring claim, where good copper capping Is in evidence. evi-dence. "Miami Is rapidly noarlng the productive produc-tive stage and operations will begin the first of the year. Tho company's cash on hand, November 1. amounted lo slightly moro than $700,000." |