Show REES REE'S PEAK M THE ORE IN B i WORKINGS S Recent visitors to south Bouth fork Uy the tho Biff Dg Cottonwood wi be If a strike of ore li il not ported from the Reeds Reed's Peak com compa property as most of the material b added to the dump Is 18 highly cola l which condition Is accepted as a highly mineralized prospected This applies apples both to the the coming from the company drift well ns os to what Is I coming from lh being baing run b by the tho Climax Exploration pany pan to develop a portion porton of th the ro which It holds a n lease Miners h been employed by the company oy and conditions express 8 found 0 the In Ibl belief the that workings news a art erl H Hand discoveries In one or both working 1 como from th tho property In the p peart r arl ture An Inspection of the tunnel work i was made during the past week byll J. J II 1 Weber who was 8 pl pleased ased with Wit by showing In the faces faces declaring that prospects for soon Boon finding ore drifts a are excellent Also I ne e pointed Ift affi to the e management a t another ie altered I Iding ding of limestone strong In of an a ore body with Ith the dation that some prospecting work h Immediately be done both Ild 1 J the tunnel This bedding was cut cuta cutaI al ala a I year ear ago but no work worle S 'S Oo a aM 1 It because the management a 1 exp up Ing all al effort to roach the north nil No uie 1 fissure and r tho h Intersects nf place c where It the The tiow ol south fissure was recently cut alln feet from the portals of the tunnel tunnell n was wn found to bo b filled fied with soft mat some of it a 0 deep red color Air An UN showed the red material to carry Ira Irl of gold silver siver and lead while a soft sor til bl gray material lying next to It I ca fraction of an ounce silver with withof wit cre tracton of and lead j Driving Along Fissure After driving through the te exploring tho bedding beyond Super Scott started driving ij fissure to the south Bouth This ork ork progressed at a n. good rate of speed and proven pren the tho fissure to be a 1 about tour four feet and with wih el veil veil- fined walls Proto Prof Weber of the work vork expressing the theIon o Ion that good results should shortly Shorty b b reward Two shifts of miners equip with machine mAhine drills dris keep the work night t td and d day nf In t the Climax ax Exploration drift which starts stars from a point from the portal of the tunnel alteration of ot the white soluble Ime gt beds was noted a few tew das da's ago company has a lease on a block of eor beginning O foet to the right of the t f and it f I is the expectation C I that a bed deposit of It ore oro t will i soon b b discovered t part of one of the b beddings n I h gnu altered i so much u that t men familiar I I Cottonwood ore deposits deposit say lay it I most mot ore and an assay assy of n gen sample taken this week shows It to considerable iron with traces of colt god ver vel and lead The Tho leasing compan compa working one shift but will wi probably robbly on a night shift shit within a few days s l New Directorate The Tho new board boad of directors of t Reeds Reed's Peak l eak company Is preparing t tsue to sue a a. report to the stockholders tei te Of actual u conditions d. d O at the h ea rf vance sheets of the report showing following financial condition at the en the fiscal year September 30 Resources Resource Mining property 21 claims 50 i 0 Improvements Compressor building boarding and bunk houses Machinery Compressor plant Machine drills Small Smal tools Supplies on hand Accounts receivable Treasury stock shares Cash Treasur In I bank Liabilities Capital stock shares 5 00 payable current exp 1721 Surplus 42 During the local year equipment and operating expenses expenses' aled |