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Show FIRST GOOD IDEA ' OF GOLDTOUGE HolHnger of Porcupine Camp Issues Annual Report on Gold Reserves. IS TIMELY REMINDER Indicates That District Has Merit Despite the Hard 'Knocks Received. There has beeu so much said: both ta.-Vorably ta.-Vorably and unfavorably, about tho Porcupine Por-cupine mining district, and Just lately tho critics have been far more numerous than the. boomers, that tho releasn of tho annual report o the Ilolllnger Gold Mlnea company showing tonnage and general 'mine conditions. comcH at the logical hour to help set IhlngJi straight. While the 2Iollluger Is but one. of the hundreds of Porcupine notations, the results re-sults of the work done on this property indicate that the. camp is well worth developing de-veloping if not worthy of much of the brokerage booming Indian which have caused such a wldenprc.nl suspicion of lh district. General Manager Robblns estimates the present dcvolop'ed resources at 162,000 tons, tlio cross cold commits of which arc worth $10,230,000. which ho divides as follows Tonnage and Values. Grosr. Pconesl. Estimated Gold Vein. Workings. Tonnage. Contents. 1 200 ft. 210,000 f 7. 560,000 2 200 rt. 110.000 1,200.000 3 100 f 1. 20,000 ir.o.ooo 4 100 ft. 35,000 150.0(10 5 100 ft. 10,000 1-10.000 Surface orea 77,000 730,000 Total 102,000 ?10,230,0U0 Kach additional 100 feet of depth the ores descend means approximately 225.000 tons, with a gross valuation oT $4,000,000, giving a. probable net valuation of ?2.500,-000. ?2.500,-000. The following arc Interesting excerpts ex-cerpts from the. report: Conditions of Workings. No. .1 vein - Surfaco exposure, 050 feet, average width 9J feel, n.verage assay value -?32..'6 per ton gold, 100-foot, level, 1000 feet of drifting in payable ore. average av-erage width S feci, avcrago gold value $31.51 per ton 200-foot level. 350 feel of drifting, average width P 1-3 feet, average aver-age gold value $49.30 per ton. No. 2 vein Exposed upon surface, 300 foet, average width, 7 feet, average gold value 57 per ton. No. 3 vein--Exposed 350 feet upon sur-fac. sur-fac. shows average gold value of $0.30 per ton over average width of 34 fent: 35 feet of drifting upon 300-foot level shows $1.50 per ton over an average width of 5.2 feel. No. vein Exposed 375 feet upon surface, sur-face, showing average gold contents of $11.00 p?r ton over an average width of S feet: crosscut at J 00-foot level shows width of 22 feet and average gold valuo of $10 per ton over full width; 50 feet of drifting at 100-foot level shows $32.40 per Ion across width of drift. No. S vein Shows an average width of 7 feet, carrying $13.02 over an exposed length of SO feel upon surface: crosscut, upon 100-foot level shows wldlh of 25 feet and gold value of $7 per ton. Many Other Veins. Besides the above mentioned veins there are Ihirty-ono veins upon which jio development work hns been done. Permanent hem I gear, crusher station, hoisting plant and compressing plant arc being erected at mouth of main shrift. Electrically driven compressor Is ready to run and will enable mining work to bo pushed faster than lias been possible up to the present. TotaJ underground work to date amounts lo 3717 feet. , Tho cost of tho mill when complete! will be about $275,000, and It is expected that It will be In operation some time In April, The crushing capacity of the mill will be about 300 tons per day, with provision provi-sion in Its construction for such Increase as may become necessary, while tho cyanide cya-nide plant 1k being constructed for a capacity of 50i tons per dav. There are 50.000 shares of stock in the treasury, which have an intrinsic value far exceeding all requirements. It is officially announced that Hollln-ger Hollln-ger dlroctors mo providing for tho .amalgamation .amal-gamation of the Ilolllnger. the. Millr-Mlddteton Millr-Mlddteton and the Dlxon-Giilies claims, fifteen In all. Details are being worked out. Llollinger shareholders will participate partici-pate in the new share issue. New York Mining Stocks. Jamos A. Pollock & Co., bankers and brokers, furnish the following, received over their private wire yesterday afternoon: after-noon: NEW YORK LISTED STOCKS. I Sales. 1 H. L. jClse Chino x 1,400 20ij 25 20 Goldlicld Con 000 4? 42 42 Nevada Con I'.OO! 10 1SS 10 l?ay Con 5.400 17l 1CI 17 Tennessee Copper ..' 2111) 3531 35 r.5a rhllllf f',l,,tn,. I I ln.il .... ,1 ..... Dtah Copper ...'. lit tIsooI 50 55 I 55? NEW YOKK CURB RANGE. I Salcs-I H. I L. Clsc Klrst National Cop 24 n 2 GIroux Con 1.200 41 43 42 Inspiration Con 1,500 1S3 171 1S2 Nevada TTtah 200 i I 1 Ray Central 5,000 21 0 I Yukon Gold 160 32 32 33 Ohio "oppor 500 li 34 1i New Keystone "i oj South Utah 3 "j "S Mason Valley uj J I n Hradeu Copper ' too 5i 54 5 Con I 3.000 I 4 1 La Rose I 50ft 33 39 Nevada Hills I -130 231 21 " Mays Oil -....J 1.000) 12c 32c 12c Belmont soft SJI Rjl $1 Tonopah apo 7j 7i 7 NEW YORK CURB CLOSE. I Bid. lAsked. Ely Consolidated ? $ .no $ .55 Mrst National Copper ... 2.00 "5ft GIioux Consolidated- 4.45 I -T'so InHiinitlon 1R.7; ,s;S7j ulton Gold 3.n7A " i'5 Nevada Utah .i New Keystone '2.12M 2.50 Mplsslng 7 7i'l 7 Ohio rnpDCi l.oo 1 roof 'lav lentral noil ru La Rose ': 1 South I'tah I ',;? 6 British Columbia Cop ..I Von"! Bra.len . K(MJ , Mason alley 11. on I iI.T'l Ontario j.no ' l 50 Sioux Consolidated "n Coloradc s jc. Iron Rlossoni 110 1 ''arlsa ;r j Nevada I tills I " o:n P.d Warrior fog Mining Notes. The new Scraulon lead ores hav bon oi.ene.l now for S00 feet in lengfh. "all snipping grade. Superintendent E. C. Coffin of the Lower Low-er -Manimolli companv slalri ysterdav that the west drift on the 1000 level looks UK ore at any shot. The number or Michigan-Utah CohboI-matcd CohboI-matcd directors has been increased from seven to nine. W. S. Znhrlng has been named as one new- director, and a sec-ond sec-ond ' will be chosen in Delaware so that he can act as agent there for the company. com-pany. T |