Salt Lake Telegram | 1918-11-15 | Page 21 | Development Work in Plutus is Continuous

DEVELOPMENT VORK IN PLUTUS is CONTINUOUS Chief Con. Superintendent Declares Results Are Encouraging. The report of Chief Consolidated for the third quarter of lilt show a tot a shipment of 1 4lt tons, dry, yielding after various char., 44,01u.U, tii nt profit waa Sll.ai.n&. f Tha company declared quarterly dividend of 124 centa. touring &2H 60, and bringing tha aanunnl dig bursed to tl.S-14.k7o.eO. ' ftuperlntemlent Cecil Fitch (Ivaa'Jka following general deecrluiioa of opmttons for tha quarter: I The development work was In erean ad-over ad-over that performed during the prevloaa quarter and wa only limited during; the "-JMH.l J)X, ihlgw. awrtaii. Ui - juicily of the slmfl hi'isling. It consisted of six sxplenulon dnrta. sacking new ore channels on the lMWi and 1000 vi) eighteen drifts and ra4sea In tha ore tunea on the 00, loo, 109, llu. loe. lMi and 1!0O levels. "Tha extension of tha H04) ore gystem muj found on tha IZWl level. The ore ar" thia place Is of high grade. This a v stem la now being worked from tha 20ft to tha lSte levela, the hitter level, under water, la giving- a large proportion rf tha snlne tonnage. The remain 'ter of the mina tonnage is produced throughou4 the or sones from tha foe to tha 1 . Tha smelter coeia have advanced again, and restrictions of tonnage of ceriam grrades of ere continue. "No. 4 shaft at this data-la now dnwii fftft feet In porphyry. It Is anticipated I ma y con t Inua In t h la material for a t least lKHt feet. The nature and difficulties difficul-ties associated with the maintenance of the eh ft aunk In this rock makes it nei-esenry to concrete It foe the whofd dial a no. A large part of tha expense. In the way of accumulation of material in connection with this work, hag already been incurred. "The development In tho plutue com pan ye ground has been conltnuouerv carried on during- this quarter in tUe mineralised sons referred to In the pre vious reports. . The result are encouragv In. ''The diamond drilling- on tha gurfitt-a waa continued. Ilfflrultle. in drilling the porphyry are numerous, but ' jMrlwnv (S LITmLm m