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Show CHIN0 COMPANY HAS REMARKABLE DEPOSIT The Chlno mine has the distinction of holding the second best grade of copper ore among tho modern low-cost porphyry propositions, while Its oro deposit is the richest steam shovel ' mining proposition In tho world. Hnyden, Stone & Co. has issued a circular calling attention to this mine, .stating that the developed re-sourcesTnow re-sourcesTnow measure 15,238.312 tons of 2.3 per conf copper ore. Of 'this tonnage, It Is estimated that about 71 per cent, or 32,000,000 tons, can be Jiifnctf by the steam shovePmothod. This tonnage has been demonstrated by 10S churn drills, totaling 150.615 feet, bringing a nufllclent tonnnge in view to last the company at Us contemplated rate of production for a quarter of a centurv. It was this remarkable speed in development develop-ment which necessitated the change Tn mill plans, and an Increase from 3000 to 5000 tons dally determined upon. Tho resources ton a 12i-ccnt copper market are figured to be worth $1,25 net per ton. On a 121-cent copper market the net earnings per share per annum will bo $3. and $4.80 with" copper at 15 cents a pound. |