Show Horn Silver lver S Report Shows Profits Applied on on Further Development Profit has been cleared on every very ton of at oro produced to date te a at the 1 Horn Sliver Silver Mine of or the Tintic Lead Lenci company In n Beaver county and this profit has has' been applied to further further fur fur- ther tiler development of t the mine so asto as as' to lo place It on a ft large production basis according to the report of or A. A E. E Kipps manager In the quarterly report of ot the tle c company which la lie being pr prepared red II for stock stock- holders The managers manager's report reports In part follows follow It Is with much pleasure I report a steadily Increasing output of at ore are a a. large tonnage of at ore arc in Insight sight anti and nd great gnat prospects for tor or tho t future ture Th Thore Theore Thare The The- ore are I 1 reported uncovered lost last quarter ter ler hl lIds has s a a. b bk tonna and th tho extraction thereof has opened Up tip large luga reserves for lor future min mm- I ing ng During the past quarter er we I have shipped over tons of ot rich ore re the mining of ot which has un uncovered uncovered uncovered un- un covered moro more th than n three times time this for tor future production From the surface of ot tho the mine and at the so south Ui end of ot tho the outcrop of ore a a 8 rich deposit has been un uncovered uncovered covered and IM Is producing a R. steady to tonnage of at high grade ore are This oro ore is 18 being mined down from tram Its outcrop and it can be expected togo to togo togo go t to great depths From tho the loot foot level a n. main maln working raise has been driven an and connected with the tho and arId foot fool levels for Cor future development there there- of at This raise false Is back In hi the the- solid limestone e t and opens pens up up a n. I large area Uta previously inaccessible There Is or ore In sight between tho 00 and foot levels which will wUl now be available for r. r shipment On the foot level a n. drift has lias been driven around the old workings work work- ings Insa and In the solid soUd formation formation forma forma- I tion to reach rench an undeveloped area This TIlls drift encountered ore In quantity quantity quan qUaIl an the first shipment put out from this territory more than paid pale for Cor this piece of at work A steady production Is now coming from tram this country and there Is ore In Insight Insight Insl sl sight ht with a 8 large ar area available for tor development On On tho foot toot level at the north end of at the mine work has Just been started to open a showing of at ore arc there This ore extends extend back Into th the the- limestone and much can be expected from tram the development thereof thereat On th tho tilO foot level and In the north end of or tho mine a rich strike Is reported followed with some high grade silver shipments This ore Is a II grade assaying five eighty ounces ounce's of ot silver to the tho ton accompanied accompanied with a a. tonnage of good shipping ore At the south end of ot tho the ore bodies on this level early In the pu past t quarter came a a. strike of at high grade zinc lead or ore This ore are runs as high ns as 50 per cent zinc with 10 per cent lead ead and other metal val val- nI ues A number of or shipments have been Men sent out of of this slope and the oro found below on the foot COO-foot level Raising on this oro will Ul produce a a. good tonnage On the toot GOO level in the center center cen cen- tel ter of or the property there then has been beena a a. development of at zinc silver oro ore and anti three shipments made al already ni- ni ready tram from on this nr area n. n with further development de now going on At the tha south end of ot the foot level a a. tonnage of or rich zinc-lead zinc I ore are has been opened and arrangements arrange arrange- ments have Just been completed whereby this oro can be moved more rapidly to th thes thea s Inciter This ore Is of ot good grade and occurs In Inaudi such audi largo larSo slopes as to make mining costs low and earnings earnings' high The possible extent of at this oro ore body is very large as It has has' been cut on several different different- levels hundreds att of at t feet et apart anti and It is but a u. matter of ot good methods and extending extending extend extend- ing Ins development de nt workings to produce produce pro pro- duce ducO large from tram this terri tory On 0 1 the level ore has 1119 been found back In Iii the limestone to foot foot- t- t wall and from tram ono one slope stopa In excess of at thirty railroad cars of ot ore are have been mined and shipped shippee to the smelter In the past quarter This Tills ore are asas asa's 1 12 to 20 per cent lead 2 25 to 35 per cent zinc five to ten ounces of slIver silver anti and soniC some gold and represents the tile primary ore of at the Horn Silver r Mine It is an easy as ore oreto are areto to treat at the mill and the smeltIng smelt smell InS Ing c companies are paying for a large percentage of at the zinc as aa well a as the other metal values alues Another heading has been started feet teel north of pf this stol stOle slope t to cut th the ore are orein in the limestone tone and this together with tilt tut two new headings in this ore oro are on this this' level le will make mako for tor large production In the near future This body of ore ore has been found In the foot oat level and work worl Isnow Is Isnow now going forward to develop it on this level wh where r much can Call be ex ex- ex peeled One O e of ot tile the most Important de developments de- de of at all aU I Is It the finding oi ot of the primary ore are of tho Horn Jorn Silver SilverMine SilverMine SilverMine Mine en tn n tho the foot level and there It is 1 also backed in th the limestone limestone lime lime- stone slone This ore has hns now been followed In twelve feet since Its Us discovery cry and uncovered for tor six feet feel below tho level with the tile possible pos pas sible extent as ns yet unknown Where this ore ore Is encountered Is all aU virgin territory i and the finding atIt of at It there opens up wonderful pos possibilities l- l bUllies for tor the tho future of at this mine Another most l important development development development devel devel- comes from the northwest portion of or tho the foot toot level DrivIng Driving ing a drift back in the limestone and several hundred feet from any other workings I In the mine a a. large tonnage of ot high grade secondary zinc ore are was vas encountered This ore are oreVa was Va found by bi driving back Into the limestone no to to the vr projection of ot a afis f Is- Is sure sure which h shows hows on n tho the foot 1100 level and where encountered there Is la every possibility that the or ore will persist It to the s surface daco without coming cominS' anywhere near the old workings I can also report that we we ar are mining ore are below the foot 1000 level leveland leveland leveland and and ha have ore oro hi in the tho bottom bolton going down The rile significance of at this lies lies' in the tho fact tact that the lowest point from which ore are was extracted from this property in the the past Is Is' above e this level The expenses of or the operation of at tho the n luo have be been en re reduced reduced ree re- to 0 a minimum consistent with Increasing production and In view of ot this Increasing production more favorable smelting rates have e been acquired from the smelting companies The grade of at U the th ore has materially Improved and the theare theore theore are ore Is making away from tram the old workings and Into virgin country countr where shero It Is possible to open up ui severa several sev sey- era eral tons of at ore are for tal ev every ry t ton n mined I 1 wish to congratulate 3 your ur directors for tor the position of or the company now holding an nn Important place In the producers of at this state in such a short time since the acquisition ac ac- of at this largo large mine with the main three compartment nt shaft and the entire underground workIngs workIngs workings work- work Ings in splendid splendid- condition fully funy equipped for fat large Jarge mining operations opera opera- operations and a steadily in increasIng pr pro production prO prO- together with an Intensive development oo campaign n In pro progress |