Show 1 1123 3 GOOD YEAR FOR CHEF CHIEF GON CONI Pays Net Earnings Chief Consolidated Mining company compan operating several v properties ro e in the T Tin Tin- the rr district IO shows he W a nt net 1 earning r for 1923 1929 after charges of ot 86 according ac so- according I cording to the th annual report submitted to stockholders by President Val Walter Waiter tel Fich Fitch The net list returns from the tho smelters smelters smelt smelt- amel- amel ers erl were The operations handled 1431 dry tons tone of ore a as follows tolt fob fol lows 1 ounces of of gold 7 ounces t s of silver 1 r pounds ot of lead 10 5 pounds pound of copper Si pounds of 1 zinc lino In 1925 4 was wa paid in dividends I Following i Is the report of ot Genera manager maager Cecil Ceci Fitch Fich outlining the i operations for tor last lut year yeu In In our mines there has haa been re recently r- r cent developed a a system Iltem of ot deep hole drilling with wih the ordinary standard standard hammer ham bani ham me mer drills dris that has been ben found sound to work I search for tor forand very ver great economy in the learch and the finding of ot the ore or channels and more particularly their Innumerable offshoots so common in this class clas of or z By an ingenious I and effective f connecting d device IC nf for the d drill rods it has been ct found possible to carry the drilling to depths of ot several hun bun hundreds hundreds of ot feet teet at any angle anele and from the usual underground openings The Tho adoption of ot this system permits of ot the search being made with wih the dri drills and the driving of ot the drifts drift crol crosscuts or raises only when ore or has been found and will effect a large lare saving paving Inte Inthe in inthe wi the cost of this class of ot work and also aleo te will materially facilitate and speed up the wi development of ot additional working places In ore This has particular application ap ap- ap- ap to our mines nines our work because fo to our realIzation of the necessity ally sity siy of or doing a larger proportion of ot de development development de- de work than Is common we behove believe be be- hove lieve leve in general mining practise and this as rapidly as possible The high grade ore tonnage tonnage which Is essential on account of ot the ex extremely extremely ex- ex high smelting costs ha has been below blow the average for tor the past few tew months but Inasmuch as the past history history history his his- tory has been that this grade grode of ore has ha come along periodically arid add aId with wih the increased amount of ot ore re showings that are at present being made it is re ab 1 to aau assume e that hat this tonnage win Wil oe os increased in me I The construction work on the tho mill millIs mil milIs Is making satisfactory progress and the equipment arrives on the I dates datel specified by the manufacturers manufacturer manufacturer the plant should be operating some ore time in AugustAt AugustAt August Augut I At the Gemini mine some diamond drill work is also in progress This mine is n not y yet on a profit basis and t probably will fl require t the greater e part of the present year and a considerable expenditure of money to pick up the extension of the ore channels channels The fu future future ftc fu- ture Lure earning possibility of ot this mine is extremely good The operations at the Grand Central Central Central Cen Cen- mine during the th past year were ver and new or discoveries dicov- dicov eries on tills this thi property are steadily be beIng being be- be being ing made The he Eureka Hill lUl mine during the thelast thelast thelast last few months has hu been self Bel sustain sustain- ing leg legAt At t the property a recent Ils- Ils covery cover of ot ore In a neighboring mine near the end line lne of the offers a possibility of an entirely new channel channel chan chan- nel eel some distance east cast East of our present workings and a I drift Is now headed beaded for the projection ton of this ore Work of ot sinking the tho Apex Standard shaft ht was resumed the first of ot the present pret pre pre- pres pres- I eat ent t n year At t the company's lime quarry a complete corn com com I hydrating plant has been erected and Is Js now in operation The product a calcium lime hydrate Is unexcelled in quality by any any plant in the United States There is an ever Increasing demand demand de de- de- de mand for tor it and ad having an exceptionally exception exception- ally aly large of uses and anda anda a a rood market would seem to guarantee guarantee guar guar- antee anlee for tor this branch of the company's business busness a 0 steady In and nc profitable In In- In This is' is t ton come product now being p put on the tho market under th the name Dame of oL Chief brand d' d for w which label abel an official off off- ti tel cial United States 3 copyright rl h has been ir obtained |