Show COX thu tho to lie In First ConditIon A copy ot of the report ot of the Con on Milin Mining company which own the lU By Boy mine at hm ham reached Mr I 11 P F PolAnd agent ot of the company on Saturday night In hi report to th the shareholders who met In annul annual session Ion In Elana lat last week MIne tn Superintendent n U IT H Clan Chan UI the terrItory owned by the com company pan I ii traversed by alternate bel beds ot of lImestone and strikIng I nearly arid and Wet west and dIpping bout about 4 41 tg to the north To date three or ore bl Ive have bel been develop developed al all In the esten eastern hAl half ot of the Property and In one on t Df the beds on or near It its I junctIon wih with ont arts ot of the which Corm forms the These bodies known knon 1 ore ure are as 2 and aDd a 3 counting frn tram east md and have ln been opened lP up by mell of t live n tun Un n la NO Nos I 8 4 I 3 6 0 and 7 1 No 7 1 tun I nel ad Is the must most reent and deepest or of these he 11 and al all the ore development In I It las ha taken the Inter Interval vat val covered by this report The result ar are ad and are 10 moat 1 tint tant a as bearing on the future of the mine II Iii dOPh depth No O 1 anti and 2 orl ore chule chutes lave have been out cut and drifted on the hr nr met by No o 1 Ind and east drift and nd No 2 the litter latter by No I crosscut and att 1 drift While this work I is not to entirely detine their extent thi hi width ot of ore shown hown In al all three crosscut compares favor tavor favorably ably with the upper levels level and the de 01 OH them as al a whole rate that they Cl fulls maintain their size elle and compared wih with No 6 tunnel their percentage ot of copper and othe other values The length ot of underground de II In tunnel crescents ral raises etc etc amounted on June th to lUTO Te The estimated ore reserve In eight ht are 20 ton ot of an and I tons or of gold ore the Mr r Fischer under whose supervision It wa WU eit eite e ed says The present plant a as completed In Inay May ay 1800 II Is working sAtisfactorily In InI I Its valoU various brancho branches the but best evidence ot of which Is II the ot of 1011 toxic treated and ot of I therefore Ind find I it nt not advisable to depart Ie part our present system Ilem of at metallurgical treat treatment ment and the extension II I oln being buit buIlt on the IDe lIne ot of the present methods The ro roasting Uni wU will be but wi will b be 1 it and not nota a metallurgical difference Tt The ecel excel excellent lent reul result obtained by the MacDou MacDougall gall fOR roasting I furnA a at t A and Ort Great lall trails warral their Installs Lion In our e extension 01 I expect these to make a saving In the cost COlt ot of treatment ot of I 20 cents per t ton over our present prot th the report the BOlton News Bu Bureau I sae It ot of pr per quarter wi will begin ln soon after atter th the ot of the year er Ot Of course COUe an important contIngency on which this expectation must InuIt bang Is II the ot of the copper market which I ii DOW now In Prime condition with the producer looking for lm To py pay S 35 a shore hure on the sInus har capital add audi the necessitates the earn earning ing Ine and ni of t The task lak or of maintaining S 5 per share h derd therefore I is br b no means In an Int t on one ald and depends prImarily on the successful doubling ot of productIon the col cost per pound Iund being very low lowi I and secondarily 01 on the maIntenance ot of a high copper markl markeL |