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Show IB COIK FOB TMY MINE Management Expects to Have Air Drills Operating Oper-ating by July 25. Mining m:if hi n .'ry consisting of an air comprcrt.sor, air drills and all ut' the nfc-fs.sary nfc-fs.sary oniiijunctiL has l.rn ordornd for tin; 'Car Kaly Mining i'nniijiuy 's prop-orty, prop-orty, lucfil.'-d in tho i' Cottonwood di-ti'ict. di-ti'ict. The iiKtna'iMnciit expo'-ln to have it installed at, I lie properly and the air dri lis it!"!-.' i 1 1 l.' 1 1 v .1 my -. 'i tin work or cxcaatiii for the foundations and the work of putting in tin; foundations is to be sturteii in tne immediate future, ac'ordin to tho management. At t he special st or It holders ' meoti ng the number of shares for wlin-h the company is capitalized was increased from IwO.nnu to fiurj.ooO, and the- pa: value of the stock :is dei-rcased from L'f cents a, sliare to Hit cents a shari;. Tin; former of lieials and the former board of directors were re elected. C. It. tlieene in jnesident, It. K. Saae is vice president, '. I'red (ireene is secretary secre-tary and treaf;n rer, who, with II . K. iMoon and J. W. Jirewer, form the di-rectoraie. di-rectoraie. I'or the purpose of determining the exact, distance that must be driven to reach the contact between the schist for-imjtnn for-imjtnn and the limestone, the company has had t he proper! v surveyed recently. recent-ly. It, was believed heretofore that the main tunnel was in beyond the 'JoitO-toot point. These, figures had been arrived at by counting the number of rails that were laid from the portal to the breast. The survey shows, however, that the tunnel is in beyond the Hi'-i 1-foot point. The breast is heavily mineralized, carrying car-rying a large, portion of iron py rite. This material scattered throughout the rock lias decreased to a considerable extent ex-tent tho rate at which the tunnel was being dri oil a head before that formation forma-tion had been reached. Tho objective of the tunnel is the poi lit where the contact between the schist and tho limestone ia cut by the porphyry dike that runs practically parallel to the course of the tunnel. |