Show IALA I ATA CON CLEANS UP OP INDEBTEDNESS AM AMI AND ANDIS I IS DEVElOPING I I The he directors of the Alta AIa Consolidated Consoli dated this week closed negotiations I with wih local loa Interests for the disposal oCa of oC ofa ofa a block bloc of treasury treasur shares for a sum sun which enables tho the company to pay its Is indebtedness of ot about and place in the treasury treasur a fund of ot several thousand thousand thou thou- sand dollars dolas for the development of the proper property For the present development work will 11 continue as heretofore In the te west and east drifts from the bottom of ot the that was recently sunk feet below the No 2 west drift from the main tunnel These workings are In Inthe inthe inthe the shale about feet teet vertically be be below below low the surface and the management Is confident they will wi cut the vein which is credited with a production of more than tha above the tunnel I level level It I Is planned med to resume work in the thenea I near nea future future- on the big bedded vein eln which wax was wa opened up only a short distance distance dis dis- dis tance front from the portal of ot the working tunnel and which has hM been drifted on for nearly feet and has been proved by crosscutting to be from 15 to 20 feet wide practically developing an au im immense i- i un- un mense bo body of ot low grade ore that can be mined at a good profit as soon as the railroad now under construction Is completed to the tho head hend of Little Lite Cot- Cot Work will wi also be resumed in the eastern section of ot the mine along the Braine fissure with a f view to intersecting the old Matilda MaUda ore body boy from which a big tonnage of ot high grade gade ore was mined In the early days das Operations at the Alta AHa Consolidated will wI be watched with keen interest by those who are anxiously awaiting the advent of oC another Alta AIa producer producer |