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Show 1 TiniTIC FACES Al! IMPORTANT EPOCH B Many Old Bonanza Producers HJ Have Exhausted Better Ht Grades of Ore. Hi MILLS MUST BE BUILT B B Virgin Territory Remains Open for Development at Bj Hands of Capitalists. H' According' to those who keep abreast Hlj of Utah mining conditions, the camp of K' TintJc Is facing what may prove to be jj its most trying period, and while many HJ believe It will be a tight squeeze for the Hjj district, there Is no one knowing tho camp and Its splendid record but who be- llcves the old district will pull through B I with colors flying. The situation at Tln- BkI tic is merely this: The majority of great t! mines there have very nearly exhausted ;! ,t,ielr vast stores of high-grade ores, and r. J reaching ever deeper and deeper after (j reserves they are finding lower t grades of ore as a rule, and more ex- ', pensive propositions for mining as well H(, ns marketing. Hii Low Grades at Depth. j . 7'- ma-l0,,ti' of big companies are 1 bringing very large bodies of low-grade Bv ,rc ,to, 'low; of which type the Grand r Central Is the best example, while the ml Centennlal-Eureka company Is now pro- r duefng at a profit so low a grade of oro that, under any other management, thero Hlt: would be no money In It at all. The Htl Centennlal-Eureka company Is controlled by the United States Smelting, Refining & Mining company, which ownB Its 1 own smelter. flf Some profess to bollove that the bo- K, nanza days of Tintlc are over. Many believed this to be tnie several years ago. v J'et there followed the development of l; uch splendid producers like the Colo- l, rndo. Iron Blossom, Chief Consolidated, l Sioux Consolidated and others. But the U situation Is ono demanding attention and HUJ It Is up to property owners of Tintlc, 1 5 and up to men of means within this 1 j state, to do more development work on 9 new properties whose upper levels mav v and should contain deposits equal to any S heretofore found. HT I What will be the salvation of a great j many Tintlc companies will bo the suc- Hii cessful completion and operation of tho Knight custom milling, plant. Many idle f companies then should have a market right at their dumps for their low-grade ores, while other plants doubtless will be Installed to take care of Individual casos. The United States ore experimental plant also should be In operation In this state within a few months, and this plant should be productive of results that may solve many of tho troublesome metal-; metal-; lurglcal problems that exist in this slate, ! and In Tintlc in particular. Few Making; Money. B j New development at Tintlc doubtless will bring new bonanza shoots of ore to ; view, and new metallurgical processes now under way should bring into avail-able avail-able form hundreds of thousands of tons of ore now virtually worthless, but It Is true nevertheless that some of the older mM mines of the district are not making money ns of old. Their ores are being mined from great depth, meaning in- j creased expenses, while the oxidized ores that were so productive of profits on the 1 upper levels aro giving place to the sul- Hl phldes. Jt'Is by no means the hour for local L people to prepare the funeral oration for the Tintlc camp, but it is time for new capital to be expended there upon the demonstration of the large areas of vir-gin vir-gin territory that arc as valuable doubt-less doubt-less as any heretofore touched by the pick. There arc entirely too raanv old Utah producers going back, and too few new ones coming In. B Metal Market. fl The metal quotations for Friday, posi- od by IfcCornick &. Co., were as fol- i lows. Silver, 59&c; lead, $4.75: copper, 15.5?. |