| Show MININ MINING G NEWS THE QUOTATIONS Isi CAMPS FROM FROM AND ALL ON L STOCKS STO F WITH WIT ROM FROM PRICES THE TE FLASHED FLASHED LEADING LEDING LATEST MARKE MARKET t l' l CHIEF CON ISSUES ANNUAL I OF 0 TINTIC OPERATIONS In Ills his annual report leport to shareholders of ot tho Chief Consolidated Mining corn com pan Walter r Fitch 11 ays o s 's th-it th while t th the hA officials were ware disappointed Innot In Ir not riot not beIn being In able abic to get et tho returns from TIntIc property thc thy they anticipated during 1 1911 l. l they ar aro an now mining mining- ord developing a a good grade Ko of or Ol oi oie from Im which liberal profits am are aro m made dt He lic e ex explains ex- ex plains that considerable expense ha has ben been I incurred In ILl conducting l r- r earche it H Is characteristic o of the camp that the ore bodies are aro art very iry trl irregular This Is tu 11 largely offset offet by br tho remarkable richness u of ot the deposits depsis when fount found Receipts Jn Jan 1 1 1911 balance on and land 1 Dec e. e 31 1911 ore rales 10 2 e eR R Replacement 1 reserves sers 9 Total Total Disbursements Eur Eureka kA Cl City MInIn Co Ci f Mining cl claims C. C New ew eV hoist horst ol and equipment S Total mining t C costs cota h. h 9 0 Hou Houghton office expense expense- J iG Total Total j. j 30 BaJ Balance nce on hand I Grand tot total 1 1 Summary since atnee e organization February B tt 1909 Receipts fRI Sales Saes of or chares phare of or tock Block Ore sales sales saIes Replacement ement n reserves Total Cotal Disbursements Little Chief company S J Eureka Eureka City Mining Co Mining lInn claims arId and equipment Total mining J expense 4 Houghton expense Total Total Balance en cn hand Grand total The capitalization of oC the Is Ia Chares of or stock tok of or which 3 34 e shares ore issued and shares hares tl u Report Report Cecil Ceci Fitch reports leports the i total work ork done during lh the year fr was RB feet of which 6 2682 2 feet fet were dris drifts I t 19 oct feet raises eH and 99 09 feet teet Tho properly pi produced tons of oC ore yield yield- 11 fter the payment of oC smelting transportation and sampling char charges I 1 0 This ore contained ounces ounce goiti ounces sliver sH and pounds of lead Tho average s Ja-s cress value per pr ton was SS 2555 and net 1559 l Rc hl ounces gold and I silver per ton and cent ot lead lesil The net profit for the J J year CRr the pa payment mont of oC all al charges 1 i v wan WM 19 54 TiP The hf report then says DriftIng was done on the ore orf zone both loth not north th and ald south on 01 tho the 1400 level nod 1 similar work on the 1500 and 1600 levels lC slId and 11 from th these c short crosscuts eie He ete driven raises put up and Inzel sunk nt at t intervals II to dev develop lop tho ore ore- channel am and or ore Orp Tho The work ork proved bj Ali in Iii II the year hat that a n faulting had hadY hadye Y ye on un the south end of or the work work- lu 11 lUge which has evidently carried the ore oreto oreto to greater depth and on the north horth end o 0 of th the ground previously a cross cross- break brak had diverted the Bot Both Boti of or these occurrenCe occurrences were do developed dove devel Iop I- I op at nt about the same amo time and serl- serl OUt affected the production of oC or ore and I left c u ti d dependent nt for the time being on Il the lower lowel grade or ore remaining in the from rom which the tle previous pre product had been derived and such luch new leads ns os could be found with Ith the result that the production both as to quantity and quality It ity was very much Impaired Much time and labor has lias hRs been expended In the search earh for the extension of the thc ore In I Its co course rc In lr both directions Prospect for 1912 On the south it I has been nee necessary to the drag dras ore downwards sar by this has been difficult on account of or necessity of continually changing the direction of uC these This work has ha been carried down don from the tho point of faulting to a a short hort distance dl above e ao the 1600 level A Av small product of or fair fairly good gooi ore is gained from this As this work has continued con con- downward the oro ort ha la has been gainIng gain gain- In Ing In quantity and quality so 50 that there ther Is the quite certain indication that the point Is being approached where whore the ore will wi be found making to the lie south on Its Il regular cus cu's course On the north tho the ore 01 h haa 1118 recently b been en picked up upa a again aln after long searching and it Is now being followed In the ground und underlying the tile town of Eureka where nn excellent grade of ore Is being So far lar on that end of ot the workings no evidence of lateral attral faulting has hu been observed the ground rund therefore In that direction gives good promise of ot uninterrupted work ork for tor g the following year ur A product Is no now being made which Is 15 yielding I considerable eon con on profit and anti all al Indications point pInt at this time to a n much larger laler and better production for Or r the ensuing year ter Considerable progress has hc been n made IAd In Jr drifting east cast anti and west under r the town tow In Iii 11 the effort to de develop delop lop other OthOl ore zones The rhe western drift Is now within a few j hundred Ce feet t of oC the neighboring mInes mine which ai arc working on an 81 ore zon zone en entirely en- en 1 Independent of if our own and nd should wh when n it ha has covered l that distance be beable atile able to develop dop de ores orel in that loRI locality The dirt to time tho east has been extended 1000 fe fet feet t In that direction but has hM developed dc nothing of Interest It wilt will wi b be continued at a n reasonable and economical speed peed The now new machinery machine has hal been of great reat assistance to the work and lia has proved bo both h efficient and economical pr e |
