Show I IRICO RICO ARGENTINES ARGENTINE'S ME NEW EQUIPMENT GOOD RESULTS Advices from the Rico Argentine at Rico Colo Cob are to the effect that the new engine and compressor are doln doing good gool work vork Some delay was experienced after this equipment was installed by reason of the change required in drills It was nas a found that the formation was wa too hard for the drills that were delivered with the equipment and a new t type e was sent to the mine The superintendent at the property reports the new drill doing betten better better bet bet- ter ten work and anticipates permanent re results re- re suits from the operations now well wel under w way Water ter Is making its Is appearance appearance In the drifts south and southeast This is in indicative In- In of a nearby ore body boy according to local officials of the company company The formation is also changing to white lime which is also associated with the ore deposits deposits de de- de- de posits in that camp The water coming in at this time indicates that the new tunnel is directly in line lne with the ore deposits deposits deposits de de- de- de I posits higher up and that the entire entre mountain down to the new workings will willbe willbe wi be drained as quickly as connections are made with wih the water courses The bore from now on should be easier as a the formation is apparently loosening up With machine drills boring through a softer formation the mana management ement feels confident that it will wi be able to show wonderful progress in developing ore bodies which are known to exist in this mountain and particularly in the estate of the Rico Argentine company compan There is reason to t believe that this property will be on a large producing basis Just Justas as soon as the distance has been beep reached where the deposits depotts can cn be tapped and anc drawn out through the lowest tunnel workings Local officials feel greatly greaty encouraged over the Installation of new equipment and the report from the mine to the tile ef effect et- et feet that it I Is operating smoothly The lower tunnel is an important piece of de development development development de- de work that has been long delayed delayed de de- de- de but every effort was made to do some financing without calling on stock stock- holders Failing in this the big interests resorted to the last means to save the property and now they are rejoicing that relief is in sight |