Show RAY HAY CON UNCOVERS TWO NEW LOW LOVi GRADE ORE ODE BODIES LATELY While prosecuting development work In tn Inthe Inthe the south end of or Us its Is Immense estate Itte of rec recent nt date it i is b learned that that Ray Bay Ry Consolidated Consolidated Con Con- management ement uncovered two ma new low grade glae ore or deposits the existence of ot which had ha never b been en known before The extent of ot the discovery has haa ha not yet et been ben fully demon demonstrated but It ft will add considerably to the tonnage now t proven up by by the te company which Is 1 ranked uthe as u the second cond greatest porphyry copper property known t today tOdY ay The Th ore are Is II ofa ota of ot ofa a commercial grade lade but lower than tha the average grade of th tile the property ower and nd the treatment of ot some Bore of this product re resulted re- re reS suIted in a a much lower Jower average yield of or S copper for August Augst than oth otherwise The ton exact figure is II 1 18 per cent copper to the Preliminary estimates 1 of mill ml operations operations opera opera- oper tons for tor last lut month show how that the plant handled handle about abut tons dally daily daly In the te five n-e sections operating The total treatment for tb the th month la is given as tons During DUrni this period the production amounted to approximately pounds of f copper recovered at a cost ct of cents per pound On the current prices for tor copper this would mean profits for tor August 0 of oi about about 2000 The sixth section seton of ot the plant pIe plat has hu b been n completed and Is ts being belna limbered up It I will wi be in readiness to go Into commission commis commis- sion alon regularly at capacity a u as soon son aa u i there is Il sufficient tonnage produced to keep kep It bus busy Eventually there will wl be b beight be eight sections of the plant operating and andr it has hs been demonstrated that that ton tone r or more dally daily daly can b be treated in the plant when hen operated at at capacity An increased production Is II gradually being made mae from the properties of ot this company and an a considerable amount of ot the higher grade de ores ores from the Ray Bay Ry Central Centra territory will wl soon be sent to the concentrating plant According to present plans It is said Bald that tha Ra Ray Consolidated snares shares ha will wil go o ona on ona ona a dividend basis buls about abut the first tnt of the year It I is 18 understood that a as much as 2 2 per share shar annually will wJ be paid Preliminary Pre Pre estimates of ot the August Augst pro pr- pr ducton compared with wih actual output forthe forthe for forthe the first firt seven months of 1912 11 in pounds pound IB is II as IS follows January Januar February a ary March Much April AprI May June Jul July Aust August |