Salt Lake Tribune | 1914-10-11 | Page 34 | Jumbo Extension Looks like Bonanza

JUI1B0 EXTENSION LOOKS LIKEB0M Average Samples Taken Across Breasts Return $100 to $500 Per Ton. NEW RAISES IN ' ORE Highest Grade Is Coming From 1017 Foot Level in Velvet Claim. special to The Tribune. GOIjPFIKLD, Not., Oct. 10. The past week "s development? on deeper levels of the Juin'no Extension mino have assumed bonanza proportions, with exceedingly ex-ceedingly high-grade ore exposed at several sev-eral points and in large quantity. Assays As-says from average 6araples across faces varying from three to six feet return $109 fo S.iOO per ton. Picked samples found ou the deepest drift have run several sev-eral thousand dollars per ton, and Manager Man-ager J. K. Turner reports today that in a raise now being driven to make air connection an IS-ineh seam of high-grade high-grade assayed 790 per ton. The richest ore is exposed in the drifts opened from the new raise from the 1 i.i 7-foot level, and in another raise from one of these drifts, in the Velvet claim, v.hich was purchased by the Jumbo Extension trom the Merger Mines eompaiiv and which side-lines the Paloverde claim on the east. From the main workings in the Paloverde crosscuts cross-cuts have been driven into the Velvet and from the 1017-foot level, the deep-est deep-est in the mine, two raises have been driven through the slialc to the contact. First Raise Taps Ore. The first raise tapped the ore at a point onlv a few feet vertically below the main'OlM-foot level. Owing to the tint dip of the vein, this afforded more than riftv feet of stoping backs below the 9-1 level. The second raise, from which the rich ore has lately been opened, cuts the footwall of the contact con-tact at ft p'lint more than J-o feet below be-low tlie 021 level, on the dip of the vein, aud raises prove that the ore is continuous continu-ous along the shale contact for this entire en-tire distance. The development is regarded re-garded bv mining men as of great significance sig-nificance in opening up possibilities for hnding the ore along the contact for an indefinite distance. The copper content nf this ore is not as nrpat as in some nf the ore found at considerably less depth, returns from late smeiter shipments indicating a copper cop-per content uf about 4..VJ per cent. Ore of lower grade, averanng from $15 to fi'.O per ton. is being mined in consider-able consider-able quantity on the upper levels of the mine and mixed with the high-grade from the deeper levels for shipment to the smelters. Tietnrns from several carloads shipped recentiv have averaged from '." to $t"s per ton. Manager Turner now estimates the company's net earnings fur September Septem-ber at about ?Sii.ui'il and believes this sum will be considerably increased in October. The production in September amounted to l."7.j tons. September Earnings $122,000. Th" Goldtielrl Consolidated Mines com-panv com-panv has just issued its preliminary estimates esti-mates of production anil earnings in September. Sep-tember. Secretary Howe's statement eives the following figures: Total tons mined, 27. M; gross extraction, $302,-'iilii: $302,-'iilii: operating expenses. $10,000; net realization, $122. ""0. The companv has practicallv completed the installation of its Lidgerwood cablcway and other equipment which will be used in the handling and treatment nf the vast tonnage of tailings that have accumulated accumu-lated below the mill. Florence flobltield continues shipping regularly. It is estimated that the companv com-panv 's net profits for SVptember were about $ l.i.ilo'i. Ore of good grade is coming from stopos on the 200 und 250- foot. levels. Silver Pick Consolidated has sunk the main winze a distance of 104 feet below the hanging wall drift on the .InO-foot level aud drifts will he driven on the vein both north and south to prospect for ore. The winze has exposed ex-posed seams of excellent ore, showing IS inches of f.'A ore.