Show CON MINE IS DESTINED TO V SHO MORE GRADE CRADE Some people have e forgotten the carefully care car fully tuly prep prepared plans that were laid Iad by President Walter Waiter Fitch FIch of th the Chief Cono Consolidated Con Con- o f t properties previous previous' to the tM ac- ac of a a large amount of ot ground In Tintic and in the town ton of by his comp company One On of the most Interesting items in this connection Is that Mr Fitch who had been general manager of th the united 1 States Smelting company and 0 who the conditions In that camp amp by reason Eurelea of hi his experience in jn mana managing the properties Insisted I upon having t et t the opinion of some oher en en- en f e before e he organized J the g Chief I r corn com o pany For this this purpose he engaged the Ule services of oI J J. J R. R R Finlay who afterward became general manager manag r of the Goldfield consolidated and more morE recent recently came Goldfeld Into the lbs limelight by his report on the Lake copper properties Finlay and Fitch Fich agreed that hat th there re was 3 an extension of the rich ore zone of the Mammoth-Grand Mammoth Central properties through the territory which the Chief Consolidated company acquired known know as Poverty Flat Fat This r resulted In the organization of the present corn com pany AIr Mr lr Fitch himself taking a large amount of stock for cash and enlisting the aid of ot some of his friends In t the tho e Lake Superior copper and Iron district prop property was recently visited by George L. L Walker who makes the following comment com con ment on the property conditions as he found them Th The Chief Consolidated company sunk company the Little Litte Chief shaft shaff to a depth of 1773 17 feet teet crosscutting east to the ore zone at the 1000 1200 1400 and foot 1600 levels The lbs good ore was encountered on the 1400 and since that time approximately worth has been taken out and sold to the custom smelters The workings of Chief Consolidated not only have demonstrated the existence of the ore bre re zone as Mr Fitch Fich ed bele believed but also that it pro probably ably contains a great geat tonnage of very ery rich ore One carload for or Instance shipped several months ago yielded the company over I Under Eureka Townsite Early In the progress of his under underground round work ork Mr Fitch Fich discovered that the ore zone extended under the townsie of Eu Eu- reka Investigation brought to light the fact Cst that the mineral mineraI rights of the townsite townsite town town- site were owned by the real estate hold hold- ers era o Mr Fitch set about therefore to acquire the right to mine under the townsite He organized the Eureka Eureka City Mining company with wih shares of which Chief Consolidated received 51 M per dent ent consideration In-consideration of its Is agreement to ex expend ex expend pend pent in development de work ork and 49 per cent was distributed among Imong th the people owning real estate Estate In Eureka on the basis of a given number of shares for forthe forthe the mineral rights under an acre of ground I This plan having ha proved prOVEd successful Mr I Fitch Fich then offered treasury stock k of the I Chief Consolidated for Eureka Eureka City shares and up to date he has ls- thus acquired acquired 95 per cent of ot the outstanding Issue Extensive Property Holdings Through this purchase o of the mineral mineraI rights under tho the Eureka Ereka townsite Chief Consolidated has haR come Into the owner- owner together with Us its is other lands of approximately ap- ap proximately acres o of mining ground in n the very center of the Tintic district which Is the largest holding of an any one company In the camp amp It I gives Ives Chief Consolidated t two thirds of its is ore zone with wih an ownership on Its Is strike of about feet teet The ground also reaches reachEs out sufficiently far tar to Include a portion porton of both the east cast and west werf e zones The history of the Tintic district Is Isan Isan isa a an alternation o of great successes sucCesses followed by by- temporary failures The dividends paid by bv the several companies operating there e lave have aggregated up ip to the present I time al approximately o. o o. o Notwithstanding Notwithstanding standing this record there Is I not nota I a 1 successful mining company In the ramp which has 1111 not at some time Ume In Its Is career broke Character of or Zone Zene The mineral zone controlled by bv Chief Consolidated Is about feet wide Ide and along both the east cast and west est sides of It are what are known as channels channEls In which the bulk of the ore occurs The channel on n the east side o of the zone has been most extensively developed by Chief Conol Consolidated Con Con- ol dated having b been en opened for a total distance of 2200 feet teet The little work done on the west channel has opened up p or three bodies of very ver good ore In Indicating Indicating In- In that It I Is an area which It will wil pay to prospect t. t For two or three months past pat however Cle Chief Consolidated ha has ha developed no new bodies of very ery high grade ore and though It i has continued shipments Its Is net earnings earnings earn earn- ings logs have ha e been small It Its Is underground openings s are ar so extensive however that It can be only onh a I question queston of a 1 short time Before other high grade deposits will wl be located As previously stated It I Is practically Impossible to block out any considerable tonnage of commercial ore In the Eureka district The mining operation Is Is' a continual continual con con- hunt bunt for high g grade glade ade ore each successIve successive suc sue find however rewarding the company company com corn pany with large net profits Its Is Low LoW Grade Grade Ores in In Its ns Chief Consolidated ha has hiI brought to light a very er considerable tonnage ton top nage of silver gold gold ore ore which carie carries I be between between between be- be tween 5 and aid 12 1 a ton tOI Such ore is stored on the dumps d a or 01 left in the mine At sone time In the futuro it i Is probable that all 11 this low grade ore oro will wJ be mined and andis its is values recovered by cyaniding In addition to this there Is stilt still sti a considerable considerable con con- available supply of 15 to 20 ore and from such deposits current shipments ship ship- ments arc are being made while exploratory drifts drits raises drifts raises and are being driven at various points 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