OCR Text |
Show OHHKO LEASES SOURCEJFJEHJE Royalties Received by Company Com-pany Help Defray Expense of Development. A fine showing of quartz has been encountered en-countered in tho upper workings of tho Opohongo, whero the management has been conducting a campaign of development devel-opment during the last few months. Tio guartz was uncovorcd in the rniso and crosscut, and itria said the prospect of driving into an oro body is very favorable fa-vorable Work In tho main drift has ceased, but orosscutting and raising are being vigorously prosocutcd. Tho raise, which is tip about fifteen feet, will bu continued to a point fifty foot above the main tunnel Iovol. The lessees are extracting about the usual amount of ere. A carload of oro from ono leaso was shipped last weok, the ore running high- in copper with some silver ana lead values. A car from another leaso will probably be shipped this week and it is expocted to average about 15 per cent a ton in copper. Tho oro mined by the lessees is being taken, from the older Opohongo workings which were abandoned by the company some time ago. The roralty received by tho company from tho ore shipped by the lessees is said to bo a material factor in defraying the expenses ex-penses of oporation on company account. |