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Show Iron Blossom Accumulates Substantial Surplus in Year Up to December .1, 1012, thc Iron Vilossom Aliutng company had on baud a surplus of $333,S0ti.So, according to a report submitted by tho officers at. the annual stockholders' meeting. Meantime Mean-time the property is in splondid physical physi-cal condition and is developing into ono of thc big mines of the lamous Tintic district. During the n'tcal year aud up lo the time of submission "of the annual report re-port thc mine had shipped 58,733 tons of ore, tbo output, at the present, time beiug at the ralo of approximately 100 tons a day. Thc mill is about completed com-pleted and a hoisting plant has been installed for the purpose of continuing aud enlarging development work on the 1000-foot level. This new hoist is one of tho most modern eloctric machines ma-chines in use. having a spend of 1(300 feet, a minute and being exceedingly economical of operation. Superior formation conditions m Itou Jilossom ore bodies have brought the proper! v forward with rapidity during the past year. Tho mine has about 3500 foot on tho vein, this being vertical for thc cntiro distance, with thc exception of about '100 feet on the north end of the compauy fs ground, where it is joined by the Sioux Consolidated. Con-solidated. Thc main vciu has been developed de-veloped and ore extracted from u to a vertical depth of -100 foot, without its eon Hues haviug been reached. Some of thu oro shipped by Irou Blossom has been orpin I in average value to that scut out bv auy of lis richest neighbor mines. A piece of horn silver sil-ver tali en from the Xo. 3 workings Is ono of the purest fpecimons of that, cbaraetor of ore over taken out ot a Utnh mine. It is so pure tbat vvilcii held up to thc light it emits rays never thrown out except by Iho most trauslu-cent trauslu-cent horn silver ore. Onlv the higher grades of ore naVL' been shipped during the year lUli, the management rotaiuing the lower grades for treatment iu the mill now being completed. On tbo 700-foot level .ol the Xo. 1 workings of the mine a raise is now following a lot. of high-gradu copper ore. This is located almost ex-acth- under tho copper stopo on the GOO "level, and tit thc point where vrorH is being prosecuted tho vein is JuMy four feet thick, the ore carrying from 10 to 12 per cent of copper. Au important piece of development work is being done in the No. ;j work-iuqp. work-iuqp. Iu this portion of the mine the greatest depth hereloforo atUinod was but littlo over GOO feet. ow, how-evor, how-evor, tho management is sniKing m a deep winze from the tiOO-foot level intending in-tending to go down 500 to 600 feel further. Thc winze is being sciit,dovn in the ore zone, where the vein oi manganese aud ouartis .i fully acvcntj feet in width. The point selected lor beginning this important bit oi cv nlorntiuu and development work i near tho contact between iho dolomite and the whito limo. For the year 18155 the company, pi o-ooses o-ooses to Icc'ep the work of development in bohair of futuro extraction well along with tho work of producing ore, thus maintaining niid increasing the value of tho mine. These are the present pres-ent ofticcrs and directors of tho Iron 'BlosbOin Mining compauy: '." Knigl U president: J. William Knight, Set "president: W. Lester Maucmn, ccrctarv and treasurer: K. J-.. AUpii and I Amanda Knight, additional directors. |