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Show DIY-JH MIES EXCELLENT RECORD Annual Report Shows In-crease In-crease of 'Surplus After Pay-ng Pay-ng Dividend. UNDERGROUND WORK I Next Regular Quarterly Disbursement Dis-bursement to -Stockholders.' Is Payable April 1. The annuul report of the D.il.v-Judua Mlnnis company for the ycv ifU Is be-lnp be-lnp mailed to the stockholders and shows H a prratlfylns condition or the company's nffiiu-". Dividends were resumed last fnA vthen the company stinted on n 15 pr cmh basis. D.iynble ijuin-lerly. o"r at ihe rate of 15. cents per shnrc per ciuar-itr. ciuar-itr. Tit dividend is now announced for Itltlp month, pnyiihlc April 1 to stockholders stock-holders or rceor. at the close of business M-jkc Oi.c feature of the reoorl is i hat a derided pun or the Mirplus Is Invested In-vested in .ij"h manner so thai more than ili drainiiso evpense is paid from the I'tterM r'.'eied. The report of oeii-onil oeii-onil Mann cor Georse W. i.ambournc follows: fol-lows: , 'Th" ssittefaetorv charar-ler of the on-cia on-cia lions diinnc th past yar Is s'nown by the inerH5e in lb vsfIi surplus. our compnv hejsnn the yn.r with $316.2tS.0 atailubl bsilauro on hand, elosinp th perlofl with $1jI.1J.iVi. n n"l K.iln of ?n...-IOJ.5. afti- the payment of th dividend. divi-dend. The surplus earned last year In lnrsl ih- sum or 5 1 S.SUS.T. or con-sMerably con-sMerably in excess of the. annual drain-as drain-as 9 PXP"11S. . . "Our present drainage fanhtlos are eaual to expectations, and levels can be drhen in hiiv and nil directioiiF. and to am deptli fle'rd. without the danger of dewlonlns. jik in the paft. danKerous or exi-eFslve flow of water. Toe extension of thr- Ontario drain tunnel jy rnr ad- a need thl rroi5mttiusr can becrln from th Khrfft on the 2500 level at anv time de.Mred. once that depth is sained, or from ihc tunnel itrelf. New Ore Contact. Rj " n ore contracl, ws. negotiated la?t "HI ear with the International Smeltins a- "H Refining omnnny which slvs the Da.lv- H1 .'udse eompany belter smeltinc tcrmn 3 than have ever been enjoyed before. This ""H contiaci if on n tonnace basis and will run for several yean, even If the annual nroduetlon exceeds that of lapt year ma- "There hn e been so many unfa.vora.blc elreumstancer exifUnp in zinc smoltlmr Industry of late to the serious handi- M uppin? of the producer, that fIticp last H Oc tober we have hem unable to dispose of our nine middlings to advantage, plnec H 'hieh time the zinc middlings have been H stored near th mill (or future disposal. H On January I there were about I lot) tons B of these middllucfl thus stored, valued at M approximately JlS.ono, wliich. under more favorable conditions, would "have been j marketed last year, increasing out 1 1 1 1 come to that extent 1 ".Many of the objectionable, features of H the zlne smelting Industry are beinjr rem-' H eriierl, however, and your management B feplfi sanguine that, adequate fitcilltlcs n noon can be secured. Hl "To eliminate any possible future liti- H nation with lite owners of the properfj- n alonr the creek cnrrylnp the tailings from 1 the naly-.ludpe. Duly West and Silver H Kiiir ronlltion mill;;, an arrangement has U been perfected between tJie.'e tiiree or- H canizatloiin by whleh over 700 acres of H land wc-r purchased for impounding-pur- H poses. The vater Is to be reconveyed lo H the creel; after settling, therchi- elm-inatinc elm-inatinc any possibility of trouble with H the farmers, and providing- for the accu- j mulation of the tailing, which may at H some future date be an anFet " iH Ontario-Daly Fissure. D The Ontario-Daly fissure has; been fol- lowed for 2G00 feet In the Daly-Judi?e H ground and u map of the workings ac- H companies the report, j "Surface Indlruilons'le.'id us to the be- j lief that this vein extendR throughout the H jjal. -JudKe property for its entire length. H a distance of about 11,000 feet, and Into j the ground of the Snake Creek Mining Hj and Tunnel company beyond. This is t.hc B most important of tlie several orc-pro- B duclng veins so far demonstrate!, j "The mine and mill conditions will he H found fully treated for your information H In the inclosed report of the auncrin- H tendent. "In closing r wish to say that since the B issuani c of the circular statement of N"o- Hj vemner J. 1211, your company has ex- H ceeded I lie monthly dividend require-meuts require-meuts withouL dlftlculty." iH Underground Developments. B Tpe report of General Superintendent I H. T. Mkhoii shows that extensive de-I de-I velopmentK were carried on during the I ear on the 700. 1100. 1200, 1C00, 1000 and ftVI i'SOO-foot levels of the Daly vein. In Sep-tcmber Sep-tcmber ore was found on the 700-foot level, and since I hat time :;67 1 tons have been shipped from thl. find. This ore carrks high silver and copper values. The deveiopmenis on this level point to the continuation or the ore bodies from the lion to and above this level. On the B 2300-foot level some iron ore carrvlng I lead ii nd silver values has been found, iafffl No prospecting was; done on the 1200- fool level of Mm middle vein, although B 121C cars of mill ore vere shipped from the old stupes. On the 1100-foot level of this vein a. strong contact fissure is he-H he-H ing followed on the southwest, j The bnck vein ia helng worked on the 1200 und 1260-foot levels. A new stone on thr 1200 produced 49.-51 cars of milling H otc anil cars of shipping ore. Thor' Is still an excellent face or milling ore spins: northeast, and as there iH a con-B con-B sldei-able distance of unpronpected terrl-tory terrl-tory along this zone It is reasonable to e,,.r.t ;. continuation of the ore shoot for a long time to come. On the luno level .louthwest from the shaft and well out In the Bonanza flat .ountiy, a crosscut has been driven rrom hc middle vein to the back vein, a dls-tatcc dls-tatcc or M0 feet. A drift to the south-west south-west on the back vein for -'.31 feet was driven and IDt feot of raises were put iij) for the purpose of prospecting the llissure at the Ontario nuartzlle contact. Orr of an excellent grade was discovered in the first raise over the crosscut. Mining has been done along this On-tario On-tario nnarlzitc con tali during the year for a distance of alKut S50 feet. These slopes lcldcd 16.705 cars of milling ore of excellent grade and 52 cars of shlp-ping shlp-ping ore. In connpctlou with openinc h ore mined in the?e slope? tliere were :irS ret. of drifting and 1S3 feet of rais-H rais-H Ivc done. The continuity and strength of this 01 e snoot has been so great- that one would certainly expect It to continue to B the southwest. The leasers produced 2607 ions of shlp-ping shlp-ping ore and opened two slopes whhh were prontably mined for a time bv the H tomrariy. SUMMARY. Total amount of prospecting and eX-ploratorj' eX-ploratorj' v.orl; during the veal-. 7457 5 Tola! production, 51.875 tons mllllnp H ore. 75S5 tonsvof shipping ore. The mill treated 51A75 tons of ore. B cliy weight, from which 12.2.17 tons of 'ciil concentrates and -3?19 tons of zinc nuddliugH wcro made. There wero con- entrated -1.2 tonn of crude ore into one Hj Ion of lead concentrates, and alj pio- B ducts combined. tons. Vflfl . T.n,'? 7f'np,y-Rl'hardB classifiers wer .i"1". 'I1? during the -veai', one to tre3t ,,e r'0lLanf (,rt" 'o Teat tnc Kln midU Inzt This djuipmcnt Is making a. well classified feed for the tables, resulting re-sulting in a closer saving and a rejection rejec-tion from Uif. first tables. A higher grade r.inc product is being made from the r.lnc tables: where a SO per cent product, was formerly made It Is now possible to make a 40 per cent to a 15 per cent product. Financial Statement. IIKCHIPTS. Balance January 1. 1011 .'3LC(215.20' Oro sales Crude. 4217,772.31 Concentrates ."2!,lfl0.60 Zino middlings.. 30,ir.7.b'0 Total ore sales.?-577.040.74 Interest earned On surplus 1S.83S.27 Total sales and earnings 593.S7D.01 Total SO 12,094721 EXPENDITURES. Mine account Slori,7fiG.5fl Mill account 12,278.70 Proh-pectlng and dead work.... 141.400.19 Oro expense 23,361 .Ii3 Construction 4,711.01 Engineering 2,272.04 General expense ir,0S8.iS Property purchase C, 000.00 Dividend So. 3 13,000.00 Total expenditures 3450,i7l.6fi Balance Dec. 31. 1011..'. 431.61 0.."5 Total J012,09l72l ORE STATEMENT. Crude ore sold 7,oSC tons dry Oro concentrated "il.S75 tons drv Ore extracted 30.161 Ions dr- A LTtAGE ORE VALUES PER TON, FOR YEAR 1911. Or.s. Oza. P.C. P.C. P.C. P.C. . Tons. Silver. Gold. Lead. Copper. Zinc. Iron. Sold For. Crude i.S'0 32.41 0.077 23.56 1.00 12.02 11. "0 S 71 Conccntrayu? ...12.2S7 23.37 0.035 24.74 .60 1 1. G3 16.56 zi'.ni .Shic; middlings., '.'.isa 10.10 0.02 .j,S4 .00 ':M.0l 0.H 10. S3 OUTPUT SINCE INCORPORATION. Ozs. O7.H. Lbs. Lbs. Lbs. A'iV-1!:- i0'1' liead. Zinc. Copper. Sold For. To 1011 2.601.357 S.053.11 66.S13.01M J3.0.'.r.,0i:: S04.O32 S3 "38 256. 37 JOU .... .. 56O.6O0 I.OVi.ll lO.oT.OTO 7,11.176 111,:.' 577.050.71 Totals .t.lfiJ.J-IG 0,11' 25 76 S70.161 3J,l-6t2lO 1,206 71,1 f J.Ul 2t7 11 |
