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Show OILS MilSE Mill COPPERDRERESERVE Deep Prospecting Adds Several Sev-eral Million New Tons Good Grade Ore. According to tho last report obtained on the Miami diamond drill work which Is now bing carried on below tho 570-foot level, developments continue satisfactory, i Up to f.hi presont tlma, four holes in all havo been put down, with the following results: Tho first hole, which at laaL accounts wan 375 fftot deop, has diacloetid approximately approxi-mately 200 feet of about S per cent copper, cop-per, whllo of this distance 120 feet Is lilgher nnd would average approximately 2 3 pur cent capper. At No. 2 two holes were drilled at No. 3A, which was stopped at 110 foot, showed high values averaging averag-ing over this dlstanoo a good It per cent copper- As a result of tho difficulties encountered en-countered In No. 2A a new holo. No. 2B, was put down alongside. This holo In a general way Is chocking tho good results of No. 2A, and from fifty to 133 foot gavo 2.7 por cent copper. Tho fourth holo whiuh has been put down at Miami was No, 3 which up to tho present time has boon lowor than any of the others and at last accounts for sixty-five feet of the 300 feet in dopth ran somewhat bo-low bo-low 3 per cent. Tlie management boliorc3 that tha average av-erage of all holes will be abovo 2J per cent and -that tho ore dovefoped below tho 570-foot love! will bo equal in grade to that of Miami's ore reserves, namely, 2.58 per oont for tho 18.500,000 tons previously estimated. The distance between No. 1 nnd No. 2 holes iu approximately 2fi0 feet, and botwoon No. 2 nnd No. II, roughly, 350 feet, the thrcn holes forming a triangle. tri-angle. An to what tonnngo has been developed de-veloped by thoso holes it is fmponsiblo to stati Tip to tho present tlmo, as tho ore Is merely located by this work and must be oponod and proven lator by underground under-ground developiTK-ntn. It wouki appear safe- to say, however, that sovcral million mil-lion tons have already been indicated. Judging from the results no far obtained ob-tained It would not bo unruosonablo to expeot that Miami in this portion of tho mine will develop a large tonnage. A significant feature of this development In tho fact, that tlie greatest horizontal area of Miami's ore body Is on the 670-foot levol. which In an Important factor and one which would have much weight in an estimate of oro below thoso worldugs. Drilling returns havo not been rccarved for somo tlmo. Tho managemont has do-cldcd do-cldcd Lo cany on tls own diamond drilling drill-ing and discontinue ootract work. Tills may have boon responsible for the results re-sults of operation having ben delayed. |