| Show C RON BLOSSOM ISSUES ANNUAL REPORT Of OPERA OPERATIONS liONS To o the stockholders of the Iron Blosom Blosom Blos- Blos are om Consolidated Mining company Ing Bing mailed the annual report covering operations from December 1 1914 to toh 1 1915 With the close close s of December Pl t g J Jo cash n h ho fiscal year there re was c on o the amount of 1990 since which Imo ime there have been paid pail two divi divi- ends amounting to and tt there re remore s 3 now In the treasury more than This showing is all the more gratify gratify- into consideration o n when It Is is' taken m ng rag hat that during the greater part of January and nd early part of February the snip ship hi were curtailed and the d j of usual This Tots was not as high as re was due to the fact act that that eavY leavy snowstorms prevented shipments in n an extensive scale and the company ad lad to remove a l lower grade ore to at the mine alley the congestion l development develop develop- I By Dy reason of f this interference ment ent work on the new copper deposit deposit vas as greatly retarded S Sent Some d development develop develop- lent ment ent was done on the though thereas there only a small amount t of work per per- vas as levels The ormed on the and 1000 levels The In this his deposit t Is now progressing satisfactorily Y and indications indica- indica ions are that it wil will hold old u out wen well elwell and andje be je one of the principal products of the ear rear from this great estate The report submitted by Manager J J. W. W Knight In ln n part rt follows It is ver very gratifying to say that nearlY learly all the the development work worle done during luring the past year has produced good j results particularly Is this the case caser In Inthe the he development work worle which r has been done lone In the vicinity o of oC the known ore channels The on the foot toO level evel from Iron Blossom No 3 shaft aft has be been leen n sunk a total distance of ot feet for ine f for forthe and ind we are are installing a new engine the he purpose of going to greater depth nto as s we have every e ethe confidence now that the he ore discovered on the foot level and nd also again on the foot 1000 level level will rill continue to the deep and It profit profit- is isery of willbe such quality that It will bo be vand very ery profitable profit profit- able ble to the company This has p put t new newit the tho property In fact it has life lf ifo into lent lont ont much enco encouragement g to all the properties in that locality We have not however developed this his new ore sufficiently to determine whether r it will willo go o out in a channel as did the vein on the he upper levels but It Is our intention use crosscutting r lon flora to continue sinking g c cl 10 o the U vein and drifting on the various roved l levels e until we ve have proved the extent and amI course course course- that this ore body will take We Ve have crosscut a a distance of eighty feet from the on the foot 1000 level evel most of this being i iter In ln vein mater mat mat- feet hi high h h grade ter er an last twenty copper opper shipping from en 9 to 16 per cent carload lots We- We Weare arc are commencing to drift In a northerly direction on the foot 1700 level from fron rom Iron Blossom No 1 with the hope lope of of f developing the same ore channel channel chan- chan nel on this level as well wen as Intersecting any ny other ore bodies that may come comedown comedown down town from front the upper levels In time we ve may continue this drift until It eaches reaches the that Is is' being from rom the foot level revel from Iron Blos Blos- Blossom Blossom Blosom som om No 3 3 If we weare are su successful l in discovering ores on n this level e they can canie be ie handled to much better advantage No 1 with kith our big electric hoist at shaft There appears to be at the present time fully ag al much ore In sight as there was at the time the last years year's report was made At the present prices if ot metals the earnings of the company should be materially increased as shipments shipments ship ship- ments are are holding up well in their values We did considerable work the past year ear ar on the foot 1900 level with the diamond drill cutting the country west westI I I feet south feet and one drill hole in an incline direction to the east feet None of this work however however however how how- ever developed anything of particular value We crossed several quartz and dry fissures also a small stringer of sulphide was encountered in the incline drill hole We have driven feet of crosscuts and raises during the past year on the various levels which as before stated brought good results Inmost inmost in inmost most cases The mine mihe is in good physical condi condition tion Some of of the old oid slopes which caved in have been caught up up by waste materials used for filling in these places j OR ORE PRODUCTION No 1 workings dry weight tons METAL AL L' L CONTENTS Gold ounces ounces ounces' Silver ounces Lead pounds Copper pounds Gross Gross' Smelting freight and sampling Net Net G. G t 1 2152 72 No 3 wOrkings drY dry weight tons r METAL CONTENTS Gold old ounces ounces Silver dIver ounces J Lead ad pounds Coppers Copper 1 p pounds Zi Zipper Zinc nc 5 Gross 33 Smelting freight and and sampling Net et TREASURERS TREASURER'S STATEMENT De December e ber 1 1 1914 to December 1 19 1915 5 Balance Balan e December 1 I l 96 Receipts Receipts- Ore sales Bills receivable Accounts receivable 91 Inter Interest st Water Water sales Accounts receivable account operation on 2125 I Total Disbursements Disbursements- Dividends i J. J I Taxes 28 33 i Ore Sampling Plant r Plant Op Operating ra Ing Accident Balance Balance December December 1 1915 Total To Total al |
