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Show WOUSTINTIC DISTRICT HAS HAD RECORD MINERAL PRODUCTION YEAR I I todies Proved at Depth; tyiiend Payments Continue, I! arable mines of Tln-LTVjd Tln-LTVjd a"othor evcntful Stcictof ore tonnage pro-TUrkolcd. pro-TUrkolcd. It has been C blgfict " , thc amp and dividends have LToirncrs of the proper-Z proper-Z period of upward of a K piternl now producers R in the )onp st of pcrs, roplacins a few of thi- oldor ones which have been golnp through the reconstructive re-constructive period. j One of tho moat significant featured of the year's operations has hecn the finding" of larse zinc deposits. Several! mines arc producing this character of or at n protlt that compares favorublv with carntngs made from silver, lead, gold -.Hiid copper shipmr.nls. 'I'he prioo oi siK-lter has been good niuj .is a roKiilt I I ihl ore can bo xhlppod from Tiniio to llie caalii-n nmrkciK in Uh ctikI-. siat! at a llgnrc ihut Dermlta hlg net rcluciis to tho producers. It is known that the orp exlsiK lti p:iyiU; .ni.mtltlos at va-rjous va-rjous pl.-icrs In this dlstrlet. and thc Hhlpnicnla will he continued as lou- n the pru-c Isolds around t!m proacnt value. Ore at Depth. An intei-.-Hiing feature of tins vcar's work In Tlntl.' has been, the locution of or .IcpoKlts at croat depth. Copper has been found in tbo Onmd Central mine at a. depth of J.'tuu feet and it 1p icnown to bo cuntiuuouu to a depth of prnnuhly 2500 feot Several other operators oper-ators have fathomed the ore zone to a greater depth than it was known to exist ex-ist a year ago and the prospects appear to be good for more ore being developed at a depth of from L'000 to :t000 feet below be-low the surface. This will add many years of proiilahle mining to th life or tho district and will cause a resumption of exploration work -"trae of tin- older ininca which were thought to bo worked out. Big Producer. The largest producer has again been the Centennial ICurcku, which Is owned by the L'niltd State Smelting. Ketinlng & Mining company. Its product is coming com-ing from a depth as great as 1S00 feel and It wilt iindoubtcdlv tie found to be continuous to even a greater depth. During Dur-ing thc latter part of the year pumping hart heen discontinued from the workings below this level, and this resulted In a sa.ing of thotiHandK of dollars to the company. No effort will be made to continue con-tinue development below the water level for-sonic time, or until it Is learned that the ore continues to greater depth by explorations on tho lSUO. The enrnlngu during the year have, compared favorably favora-bly with those of other years since the United States company took charge of the mine, and the pro.vpj?in are for an liurease in prolllfi In the future, aa a Krcal deal of the meat eper.ive development devel-opment and mine equipment has been completed. Iron IWossom has made a phenomenal record this year. ' being the largest profit maker iu the entire camp. In addition to the payment of dividends, which amounted approximately to .,4M,000, It closes the veer with a surplus considerably in exeesa of SP.OO.OOO. During the greater part or I he year it has been the .'cond largest producer- fn thc district, though recently It discontinued the shipment of it second -class ore and la now- producing produc-ing only the hfghe.r grade product. A mill is being constructed for the treatment treat-ment of thc lower grade ores on which the company- wan only making a small proiltby shipping it direct to thc smelting smelt-ing plant down the valley. Tests Successful. 'tests hae been trade of the ore and bv coneeiitnit'uii It has been practically demonstrated that a high grade product can be made. There is a much larger tonnage of the seeonj-elass product In thc mine at this time and the manace-nienl manace-nienl yslimates that even greater profits will be made from tills lower grade material ma-terial than from tho other ores. Development Devel-opment Is now being conducted in the lower levels, the greatest depth attained thus far being lDOO feet from tho surface. sur-face. A new hoisting plant has been tusiul'cd 'or tne f.isrp'Vc of permitting oporatloiib to h-t t..rri. .1 ,.: a, as great depth as tit ore v.lll iound and tills development cxpocicJ to bring Important Impor-tant rcMuItc within a f.w month: In fact. It may reveal a much larger tonnage of ore than has heon mined. Thin company com-pany owns u. largo territory 'which hn-J only been partially developed. In thc vlrcin ground It is ;;pcetd that much more ore will be found and that th property wll be a big and profitable producer pro-ducer for dome ycaVs to come. Chief Con. Surprise. Chief Consolidated ban been toe surprise sur-prise of the year in many respects. It has jumped in the list of producers Into second place and posted itu Initial dll-dend, dll-dend, amounting to more than 'VT.OOO. The rate Is ten cents a share and this will be made xeml-annually, clving the. shares a dividend rate of twenty cent-j a share annually. During the year the company lias installed sonic heavy eoulp-ment eoulp-ment and has attained a deutli of'lTSO feet In Its worklmr shaft. U ban more than three miles of underground workings work-ings and has the ore zono exposed on several levels. All this work has been done within four yra. and by the close of Una year a cash surplus In execs, of .VlOO.noo will he shown. In addition to earning1 this money, all development work and the equipment coits Lave been deducted from money received from ore shipments and the production at this mine. An extraction of about 12'. tons dally is being made and only tho ore broken down In carrying on development work Is shipped to the market. If the company were permitted to ship the tonnage that could be handled through Its operating shaft it would be airciEv matter to double the output. ; Development Work. ; Some idea of thc ore channel developed devel-oped In this propcrtv a covered in a recent report by President Waltcr'Viteh. who, says that the companv has raised in the vein 250 feel above the 1000-foot level and has sunk on It to about flftv fCet below tho 1200-foot level. They also have ore in other places in the property from which a considerable product prod-uct can be made, notably on the 1400 and lfiOO levels. All the indications at present are that, this company is on an extensive ore channel while there yet remains a large aci-entre of virgin ground to he oxplored. It is tho Intention of the owners to Increase their holdings of mineral-bearing ground and widen lho scope of the concern's usefulness. It will in time have considerable money to Invest, which will place thc company on a par with some of tho blsr mlnincr concerns of the west. Grand Central Active. Grand Central Is one of the old mines jof'the camp that has returned to the list of large producers during 3912. It now has tho deepest workings in Tintlc, its main working abaft being 2300 feet bo-low bo-low tho surface, and sinking will again be resumed within a few weeks and the shaft extended 200 feet deeper. In this lowest working the company has found some of the richest oro ever produced by the mlno. Two oars have just been shipped, which nr" reported to ha e netlrrt tho company 2VJ0fi. and tin; extent of this cluiractr of oi la yel to bo d.i-tei d.i-tei mined. Thc ore ha ehniiccd from a JIvcr-iad product, which was mined low;i :o tho JSOd-foot level to a copper product. Memo of It Ik reported to show as much a .per cent copper and the extent of this richer oro zone has not yet been fathomed. The mnnngement Is of Ihe opinion that thc high grade pro- Jduet will makn to much greater depth. a. the ore In the drift appears to be going - down. i The mine Jn one of the large shippers and it seems probable that the jdi.ire will remain on a dividend baM for a long lime, as profits have been liberally distributed among shareholders for about fifteen years. The production Is now at the rate of about 100 tons dally, and thc present equipment Is sufficient to handle a much larger tonnage at any time conditions con-ditions at the mine warrant it. Eagle & Blue Beli. Kngle & Blue Ji';II was one of the sui-p.-Ises of the ffuiion. Ueecni'v It has produced at tin- .-e of three ear of ore per day, or about JiO lotus. Its ore Is coming from three levels, the 70'j. 1U00 and 1X50 and the grade Is thi best that lufs heen. produced from this property In Its entjro experience. The ore I? sliver, lend and gold and the earning have ue.-mlted In a cash accumulation in e:eo?s of J100.Q0U. Foine of th" bet ore Is said to come from the lowest workings, work-ings, and It lias been demonstrated that the present ore exposure has been made for a distance of He vera) hundred feet with excellent prospects of It being found a a greater depth. Adjoining the Contcnnial-Kureka, Victoria. Vic-toria. lOureka Illl and other big produrers the "Eagle ife Blue Iicll Is In the class with pome of the best mines in tho Tintle dlPtrlct. It is Just entering upon its career as a producer and Is expected to beeorue. one of the regular profit makers. While It is a subsidiary company of thc Bingham Alines company It is expected to bo one Tjf the dividend payers within tho new ear. Mammoth Still Shipping. The oldest mine in the camp la the Mammoth and It is still shipping about 100 tons dally. It 'Is doing much better at the close of the year than at any other time within the past twelve months. Good profitii aro still made, as Is shown by the payment of $f.0.000 In dividends during 1012. Thc ore shipped shows high values in gold and copper and there are few mines in the country that can show such a lone: career as a profit maker. Mining was started In this territory more than forty years ago, and It has been continues throughout Hint long period. Gold Chain la one of the new properties that came Into the producing class during dur-ing thc past two years. It has been earning neat profits for its stockholders during the past year and Is In lho best physical condition that has been known. It has paid for all of its underground under-ground development nnd its surface Improvements. Im-provements. Its shareholders have not been asked to contribute a penny for tho extensive development and during the year its disbursements have amounted to $70,000. Its oro Is a gold and copper product and a shortage of cars has pre vented a targe extraction being mad". vwM KxMing eomlltlons Indicate that it w.l ' USfl be Al! lo show substantial eaiulnijs tnr ' RmK anmc time iu thc future. : j9 Dragon Con. Prospers. . ; Wm Dragon Consolidated Is still producing a ; NH big tonnage of Iron ore. During tho year ggj some Important development has taken Ma place In the lead zone, by means of drift MM s"nt ovr from the Iron BIomoui work- ml lugs. Tin; owners are of the opinion that In they will lie able to prove up a consider- ; M able tonnage of lead ore similar In ehai- (, i fijl .irter as to that taken from the adjoin- ! H ing ground. This development Is one ' 9H of thc most important pieces,, of research 1 ! B vork now being carried on In that dlt- 1 H tiict nnd its outcome will be awaited with ; ( M keen Interest. : This has been thc banner year in the Nfl matter of the tonnage produced In Tlntic. fm The output baa been considerably in ex- Km cess-of -the (inutility produced In former .' Im years ami at times It lias averaged bet- fill tcr than loon tons daily. Often there In h.ii bem nboiitidoublc that 'quantity pro- JjM lured, all of wr.lrh was sent direct to ' n the gmcllcra for treatment. . H9 A mnuber of lenses are operating. The . sBt most profitable of these have been on ; nfl the fturcka Hill aud Gemini properties ' tfifl Hero. some of Hie rich streaks of oro have J UhH b'-on followed for hundreds of feet and f H the returns t" ihe opcratorn havo been lBBl ipilt" . reiuimera live. ' OH The leases In thcSilvrr City end of the : KM district have not been as profitable this ) 9 yeac as formerly .for the reason "-that a HHW considerable amount of dead .work has i raH been done. j HB Some of the old mines apd big profit - 8J makers In thc camp aro still producing. , HH Among these am Colorado, Deck Tunnel. i HI Victoria and several others. Theso mines ; M have paid bl" dividends and the. Colorado BH is still dlrtributlug profits among its ' BB shareholders. During the year It paid M $00,000. or at tin- rate of 0 cents a share, , Ml in dividend. The company stilt has a. ? fin cash surplus on hand which will pay lor !j JfcS development work for another year. Some BJj pay ore Is being mined and tho manage- j HB mcnt reports a large tonnage of second : 1W class oro exposed which can be handled MB at a fair profit In the new mill that is Mj being constructed by the Knisht Invest- KM mcnt company. ; Bn Rich Zinc Deposits. I H Some new zinc deposits of a high grad ; mB havo 'been developed in such properties , ISI as tho May Day, Yankee Consolidated and , wjl Lower .Mammoth. A considerable quantity 2 HH of this ore is being shipped lo the eastcn .1 DJ markets each week. ;Iost of this ore , KB is coming from workings near tho stir- : MM face, not to exceed 500 feet in depth, , , BJBjj In thc May Day .-ind Yankco properties. PM At the Lower Mammoth the zinc Is found 'Nfl at a depth of from 1500 to 1S0O feet and MSI tho shipments during the year have been nfflj quite profitable. i fnJM Opohongo, Victoria. Beck Tunnel. Vmm Carlsa and several other properties in ! UflJ Tlntic are making small shipments eaclL 1 Eljfl week. The year has been an eventful ! Bj one for lho camp In that a record pro- j . Hfl ductlon was made and that. It has been ; ffl demonstrated that tho ore deposits make I MDI to a much greater depth than has bon ! (SB proved heretofore, Tho new year starts IDD with the brightest prospects tho district Uflj has ever bad. ; HH |