OCR Text |
Show Character of Ores in Grand Central Is Improving n the Grand Central mine an important import-ant feature was tho great improvement noted In the character of the ore Iu the 2300 level, where a valuable strike was made late in the year. Another development devel-opment of value was in-the Improvement of ore in tho raise which Is being driven from that level, an assay of which showed contents of six ounces in silver, $2 in gold and 1-3 per cent copper. It is a noteworthy fact that Grand Central has "come back," to uso thc phraso of sportsmen,, and the mine Is now in a good position to repeat its former for-mer record of largo production and regular regu-lar profit disbursements. Among the important im-portant encounters of ore in the year was the discovery of a. big copper deposit, said to be thirty feet In width, seven to eight feet of which shows values of pur cent copper, r.3 well as smaller contents con-tents of gold and sliver. Ono of the projects outlined by the management consists in dropping the main film ft down to a depth of 2S00 feet and exploring tho oro zone at intervals of 100 feet. Showings so fur made in the year 1012 Indicate that Grand Central will again como into tho regular dividend-paying class, and that it will remain thorc for some ynars to come. Grand Central paid a Christmas dividend, divi-dend, tile pui'Hc distributed lining 523.-000. 523.-000. Thc piopcrty is iu excellent physical physi-cal condition and is puttlnfc out a tonnage ton-nage that yields profits. Assistant Manager W. IX Loose is now cutting out for a winze which will follow fol-low the ore, below thc 2500. The work which has already been done on this level indicates that the built of tho ore is below, better copper values boing encountered en-countered on the level than iu the raise which Is now following the ore above this point. Mine nseays of the past few days show the oru to carry about 30 per cent copper, with some gold and silver. A Tmnrlcahln thine- in romiGCtlOn with the Grand Central is the fact, that Its deepest level the 2300 is one of thc dryest in tho mine, while neighboring properties, auh a& thc Opex and Centennial Cen-tennial Eureka, tapped tho water before attaining nny such depth. Tn tho Grand Central thero is no porphyry Intrusion and people familiar with tho mine's formation for-mation bellevo that tho workings van be deepened 200 or 300 feet, poFMbly more, without interruption from water. When it Is understood that jn most copper producing mines the values Jncruaao with depth (and tho -s-ork in tho Grand Central Cen-tral seems to prove this theory) it can readily bo soen that the mine's posibllt-tln posibllt-tln ar almost unlimited. |