Show CARISA'S REPORT Shareholders oC or t. t Cair Carisa Mining linin company are aro in ro I of tho the annual report hi which h shows that the net ne earnings ramin ram earn ins ings during last year amounted to The amount o of ore shipped d wa wai tn tons the smelter receiving l for treating this tonnage e the railroad got ot 1 for hauling it it and was paid fM for labor The superintendent rc recommends ice rec that this thi property bo be open opened d dup up below the the foot 1000 level 10 where other oher properties in tho same saro belt hel have shown high grade Jado ores The Tho report in part is ie as follows On Ou Dc December 10 10 1106 06 the tho present management took charge e of the affairs of the Owing to the financial finan cial condition of tho the company at this time tirl dividends were discontinued it i being bernt deemed advisable ad also alBo to expend greater reater energy coerr lon along the te lines of prospecting pros pros- and ana development work ork Ore Oro extraction was vas 38 pursued constant constantly until un no- til ti about November NO 1 1907 when tho time tholow tholow low of metals and tho the ou on the part of m the smelting companies to a accept ores induced tho the management na Cree to discontinue work ork on tho the comp UY ld account account until such uch time as the increased price of metals would woul warrant tame same has hns vince once which time Hmo ore Of extraction been entirely in tho the hands o of ot leaser who work the tho narrow w scams of oro ore on ona ona onn a n royalty basis basi nar which rang ranges Irom trum 0 21 O Oper per cent to lo CO GO per pel cent time the company thereby netting considerable revenue rO HD During tho tIme latter part pirt of the tIme year year war considerable rn ble ore om was as ta taken ou out t from the font level le el of the S 'S I Spy ground the tho Present rc grade rade running between IS 8 pc per pel cent cent and and Ol 20 per pel ier cent I copper li 1 bv the tho carload lot lot A A. was wac sunk f fifty y feet below tIme the level loyel and I sinking in oro ore is still sti in pro progress The of opening this shoot on the tho 50 level f should holl be excellent A. A t large Jarge of copper iron ore is also available available avail avail- able on the level au and will wil be a source c of profit with improved smelter con conditions it i being a n desirable flux fux On the foot foot le c level feet of drifting and crosscutting and aud three sixty feet of raising was wa done clone A is ig sunk cont sumac some IC SHU mi feet feeL below bulow beloW the Sp Spy level lo at t a point point near th the south end nd line Hue o of tho limo Carisa claim caim During the year 5 I feet teet o of cro crosscutting lutins and aud n drifting was run Ill from the OU station with wih the tlc purpose pu- pu pur pur- I I pose of cutting under tin tho old oll slopes and ore oro bodies boeHe and amI above o lime tho level Conditions on I the he level loyc and aud the tho fact fac that no work ork hii has been heen done cono on th the tho fissure below the 00 level in this vicinity vicinity vi vi- until the past year fully warrants this wor work During ing the tho year high h grade rde ore was mined mine just lust below this level hovel lo cl near I the and ald also from froni the quartz hod body extending through h the level 30 2 31 feet fet to t I lie he north of the tho leaving no doubt of the possibility for ore are with further f development en at depth The Time Timework work on the time OO level of the winzo has lias not nol been heen sull sufficient to cut un under tho old ore 8 shoots or the quartz body boty to the north I |