| Show l POINT Yo TO 1928 AS ONE oiE OF GREATEST R AT Y YEARS RS 9 IN I Metal Mines in State Distribute More Dore Than 18 Million Dollars in Dividends Tonnage Shows dig Big Gain Cain A Copper Production Soars New Under Development Development De- De Throughout Through Through- out State j i ACTIVITY IN ALTA I Mining Interests Revived in in Beaver County i f Steady exten extension lon of ot known or ore r bodies Bodies aggressive development o of new mineral lands and ind improved t mining and ore treatment facilities promise to make 1928 on ono of ot the greatest years ears in Utah mining his his- j tory While hile figures for the current year are not yet available the available the of official f 1 preliminary estimate of ot the United States tates bureau of ot mines was not due until about the middle of ot January January- the improvement In metal prices Inthe in inthe the latter part of ot the year with the t 1 resulting Increased production in- in that the states state's metal metal pro- pro 1 auction value of ot up upi i ri to the end of ot 1927 will be materially material- material ly increased when the figures for forr r 1928 are compiled l' l Unofficial preliminary estimates indicate Indicate that the value of ot 1928 production production production pro pro- will be approximately 83 83 or nearly more than last year Dividends declared up tip to the middle of ot December to totaled to- to or nearly more than in 1927 and more than in any year since 1918 C While the tonnage shows an estimated es estimated estimated es- es Increase of ot more than two million tons over the preceding year production of ot silver and lead shows declines while copper shows S h substantial increase over the 1927 figure Although the tonnage or ot and lead is down slightly total values will be higher due to the he better prices for the metals PRODUCTIVE DISTRICTS Ut Utah's metal production comes principally from three districts namely Bingham Tintic and Park Parl City At At gingham Ingham the Utah Copper and ani the Ohio Copper produce chiefly copper while the United States the Utah Utah Apex Apex the Utah Delaware the Utah Metal and Tunnel the Bing- Bing liam la l Mines and the Park Bingham produce chiefly lead silver and zinc The Utah Copper the greatest open pen cut copper mine in the world carries on operations with steam shovels shipping from J to OOOO tons daily dally to its Magna and Arthur mills on the shore of ot Great Salt lake From the mills the copper copper cop cop- per Jer goes to the Garfield smelter of the the American Smelting and RefinIng In Ing 11 company a few miles dl distant t nt where it Is made into blister copper for lor shipment to eastern refineries Tho Ohio Copper mine mino is unique ln in n point of ot operations Water Vater introduced In Introduced introduced in- in at the surface percolates through the crushed low lo grade ore leaching out the copper content This hIs copper impregnated water Is run run iun through launders filled with i scrap crap iron iton the copper replacing the theIron theiron Iron forming a copper mud This is collected from the boxes boxes' and ind sent to the smelter r. r By this method a nigh high grade product running about 85 15 per cent copper is produced at ata ata 8 a low cost During 1927 the Bingham district I produced tons of ore as compared with in 1926 and indications indIcations' are that the 1928 output will exceed the 1927 figure on account of ot the improved copper price which is at the highest lev level l since the war BIG SILVER PRODUCER TintIc is acknowledged to be one of the tho greatest silver districts In America and furnishes a a large larg bulk of t the tho states state's white metal Since January 1 1921 this district alone has produced ounces of ot Silver which is ounces more than the entire state of ot Neada Nevada Nevada Ne Ne- vada ada produced In the same period Tho leading silver shipper of ot the district ll the Tintic Standard h has s the record of ot producing some somo of the richest silver ore ever mined In America One carload carried 1008 ounces of the white metal to the ton tonn and netted the company J after aftel deducting mine mino and smelter charges One of the richest mines in the district is the Mammoth a shipper the last fifty years This mine produced one carload which assayed a ton and br brought a net return return return re re- re- re turn of ot During the past year much in interest interest in- in terest ferest has been centered on the North orth Lily LUy and Eureka illy mines adjoining the Tintic Standard where the International Smelting company and the Chief Consolidated Consoli Consoli- Consolidated dated Mining company have discovered discovered discovered dis dis- dis- dis covered large ore bodies along what appears to be the northwest extension extension exten exten- sion zion of the Tintic Standard ore channel hannel ENTERS DIVIDEND LIST LISTOne LISTOne LISTOne One of ot the outstanding developments developments developments develop develop- ments of 1928 was the entrance of the North Lily Into the dividend dividend- paying class clasa with the disbursement Tot to ot f equal to 20 24 cents a ashare ashare ashare share on October 20 1928 With With satisfactory fourth quarter e rn ings indicated a continuance continuance of ot the mine on a dividend basis Is ex expected ex- ex Prior to 1924 the North North Lily MinIng Mining Mining Min Min- ing company holdings consisted o of seven undeveloped claims whose only claim to merit was the proximIty Ity Hy to tho the one productive mine i ithe In Intile inthe the tile east Tintic district the Tint Tintic Standard Early in 1924 the tho International Smelting company acquired by purchase pur chase a majority of ot the stock of ot th the tho N North rth Lily Through this connection connection I tion with the smelting company th the North Lily rUy was given the benefit benefi of ot competent geological direction and mon money y to finance a diamond diamon drilling camp campaign ign Five drill holes hole were sunk from the surface an and disclosed the presence of ot the favorable favorable favorable favor favor- able Ophir above th the quartzite and below the rhyolite flow which entirely covers the surface surface surface sur sur- face of ot the property In 1926 the company made arrangements arrangements arrangements ar ar- with the Tintic Standard Standard Stand Stand- ard Mining company whereby al althe all the facilities facUlties of that organization were m made de available to the North Lily In 1027 1927 the first ore was cu cuin cut cutIn cutin in the foot level drift from th the Tintic Standard approximately 17 feet after crossing the North Lily sideline Ore shipments began a at once and since that time the company company company com com- pany has been sell supporting I DRIFT While the mining of ot this ore was wa going on on the foot toot drift from th the e Tintic Standard was run into the North Lily property and connected with the foot level by means ofa ot of o oa a a. raise A four-compartment four shaft shaf was vas sunk from the surface and the and levels were opened all showing ore Late inJune InJune in inJune June 1928 the new shaft was completed completed coni- coni com com- tho the tramway and other surface surface sur- sur face ace equipment put Into operation and the North Lily began mining operations through its own shaft the he first Bucket of ot ore being sent over tho tramway on May 19 1928 Another of ot the principal producers ers of the district is the Chief Chiet Consolidated Con- Con which has paid from Its Chief Chiet Consolidated No mine 1 mine and other properties including the and Grand Central over in dividends While the earnings of the Chief have been materially reduced during the year year dU dug due to de depletion letlon of ot ore bodies in inthe n its properties the older portions of ot extensive development work worle now under way in its holdings in the eastern astern end of ot the district promises promises prom- prom ses to the company back among the fue ranking producers Other Important producers pf of the district are the Eagle and Blue Bell Bel Belland Belland and nd Victoria mines of ot the Bingham Mines company ag as well as scores ot of smaller mailer mines DEVELOPMENT UNDER WAY The past year has bas seen feverish development placed laced under way in outlying sections of of ot the district principally to the north northeast ast where the he Tintic Giant Mines company is doing exploration w work k through two shafts shafts hafts and the Tintic Lead Tintic Southern and Silver Sliver Standard are carrying on active development op- op rations Tintic production during 19 1927 7 according aC aCcording ac- ac cording to bureau of ot mines figures amounted mounted to tons lons of ot ore as compared with tons in 19 1926 6 Metal output was ounces of ot gold old ounces ounces of silver sliver 3 pounds of copper pounds of lead and pounds ot of f zinc PARK CITY DISTRICT Park City is noted for the tho size continuity and regularity of its ore deposits which oC occurring at the intersections Intersections In- In of certain limestone beds and nd fissures are productive for miles along their strike Production for 1927 was estimated by y the United States bureau ol ot mines at tons as compared with t tons ns in 1926 Metal output of the district was ounces of ot gold ounces of silver ilver pounds of copper pounds of lead and 44 pounds of zinc in 1927 The year 1927 1921 was a record break In ing ng period for tho the Park Parle Utah Consolidated Consolidated Con- Con Mines company of ot tho the district dis dis- and indications as the year draws raws to a close are that the property property prop- prop erty wil do even better In the present pres- pres ent nt year despite the fact that the company has made no effort to press ress production during the past 12 months due to the low metal prices and desire to accomplish development development development develop develop- ment work The company company Is the largest single producer of ot silver in Inthe the United States Is th the leading underground mine of ot Utah and tho the largest producer pro pro- ducer of ot silver lead and zinc in the state and is second only to the Utah Copper as a gold producer The Park Utah Consolidated Mines company was incorporated in 1925 and Is a a. consolidation of the Daly West and Ontario and owns owns a controlling Interest In the Daly MinIng Mining Mining Min Min- ing company Park Utah and West Vest Ontario properties Holdings of ot th the company represent a So continuous extent ex tent of ot territory from the portal of ot the Ontario drain tunnel near the I Heber road to a point one mile mUe west west of ot Brighton PRODUCTION RECORD The mines represented by the property of this company have had hada a continuous production record of fifty years and tho the largest part of ot tho the holdings have be ben been n only partially parI par par- prospected with much of ot the theland theland theland land remaining untouched I During the time the companies embraced in tho the Park Utah have been operating miles of tunnels have been dug and the value of I minerals extracted exceeds or over half of the assessed valuation of ot Salt Lake City Two thirds of ot this amount has lIas gone into the cost of operation and development nd has been absorbed In Utah's industrial life by going In pa payment ment for wages and supplies railroad freight charges smelter costs and taxes Over four-fifths four of ot the amount has gone Into the state In the form of ot expenses and dividend dividend dividend divi divi- disbursements SILVER KING MINE KING MINE Th The Silver King Coalition Mines company another leading producer of ot the Park Parle City district during 1927 produced tons of ore Crude first class ore contained a silver silver lead lead content that few mines can equal for a similar tonnage over the period of a year the product carrying average value for tor dry tons of per cent lead ounces cUnce of silver 1 in gold and per cent copper Other important producing mines of the district are the New Quincy Park Galena arid ard Ontario Considerable in interest erest was manifested manifested mani mani- tested during tho the latter part of ot t the e year in the eastern end of the district dis dis- district tt let near th the holdings of ot the Park Utah Consolidated where several companies took up ground and itar started ted development work Among the companies planning Intensive development work wort in fit this section with the tho breaking up of r winter are the Park ParI Premier and Park Nelson Mining companies Which are controlled by toy the International International International Inter Inter- national Smelting company the East Utah Mining company Park King Kins Mining company Park City Consolidated Mining l company a an ans l i tl the e P Park rk City Mining con company pany ACl ACTIVITY AT ALTA ALA Alta which is situated at d of Little Cottonwood canyon about thirty miles from Salt Lake formerly formerly for for- merly a district where high grade ores w were re produced from Crom shallow workings has has' be been n quiet in late years but shows signs of taking on new life with rumors of various projects which would aid in draining drain 1 ing tho the water from the tho mines en enabling enabling enabling en- en abling exploration to be carried on at greater depth The l l Jit P per pec l of the district years in in recent years years' Is the Cardiff which has paid about In dividends ends In December interest was drawn to Alta through ugh the strike of ot ore oro In th the Ta Tar Baby tunnel In faa aura a claim which had leased been to the ell 11 Mining company on on a a royalty basis Mining operators familiar with the district attach great Importance importance Im im- irn- irn to the strike due to the fact that he ore was found fe feet t deeper than in tho the Cardiff thus proving the theory that the tho theore theore ore makes at depth The he Howell Mining company has been given the right to develop their property through the Tar Baby t tunnel and nd it is unofficially reported that surveys are being made by the Cardiff Mining com com- th pany pany ny to determine at what depth the e Tar Baby tunnel would cut the Cardiff ground if It were projected This presages increased activity In the Cottonwoods during the coming coming com com- ing winter Other regions where active pros pros- j work is 15 being carried on and somo some production derived Include in include include In- In clude Gold Hill West Vest Tintic Marysvale Silver Reef Ophir and andIn andin andin in Grand Boxelder and Beaver counties In all of ot these places showings are re being followed which prove that the tho of the state is not confined to the three major camps MAGNOLIA OPENS ORE Perhaps the most Important developments developments developments de de- of ot the past year have been in Beaver county where the Magnolia nolia came into production production tion with a rich strike Steady production is being made this mine and it has attracted other development development development de- de in the section h has been quiet In recent years but which has contributed highly to the states state's total metal production in past years One Ono of ot the most Important mining minIng min min- ing deals consummated in 1928 was wac the acquisition of ot the famous old Horn silver mine in Frisco Beaver county by the Tintic Lead company company company com com- pany and the development of this mine promises to again place that section among the states state's ranking productive areas Operations having for their ob objective objective ob- ob the continued mining of ot the Bonanza already are under way at tho the Horn Silver under the direction of A A. E E. E Kipps geologist who de de- de dares clare that the property will duplicate duplicate duplicate du du- du- du plicate its past production record under modern scientific |
