OCR Text |
Show cfo;;o::go posts initial dividend Of 1 CENT A SHARE Dlractori of the Opohonan Mlninc com- aeay aiel la Provo yeatcrday and poeted ' an Initial dividend of 1 cent a ehare. Transfer books close on June 6 and i .hecks In pevment of the dividend will be sent out on June 10. The property Is controlled by WIMIsm Hatfield, who Is , president . and aeneral manager f the I vompany. ' l The Opehonco Mlnlna company waa or- ' eantsed esveral veers a so. and a work-1 work-1 Ins agreement waa made with the Black Jack company. It comprises a email arrears and la midway between the Alas and Black Jack proparilee. Ore waa encountered en-countered almoet Immediately after the forces drove beyond the Black Jack end lines, and the development work for more than a year has been hlahly satisfactory. Reaular shipments of copper and lead ores have been made by the company, and the msnaaemcn reports auindent ore in sieht lo continue extraction on a paying basis for some time to come. While not wllllna- to state ofBclally that reaular dlvldenda will be paid, one of the lanre Intereata eaya that every-thtn every-thtn Is develontne oulle natletaclorlly at the mine, and there la resson to be- i i . k wnmn sb ffrt in ueva inai guoa insula vn - Aperatlona. The ore extraction has pail for all tha development work underground, under-ground, and the aharahoHere have never had to Put up anv money since tha com-MKT com-MKT waa organised. All of tha ore en-couateiad en-couateiad has been of a good 1itPPj" grade, though nothing eenaat tonally high In values has been encountered. It Is ' bofievrd that this ore body makes Into Biark Jack around, but It Is below the toof.foot level. It Is said that tha Ooo- bongo management haa agreed to aa- aume a part of tha coat of sinking tha Mack Jsrk shaft to greater depth, and If, this Is dona these companies will continue con-tinue tha existing working agreement. |