| Show ANNUAL AT Of JOHN J D lY i j W WI 1 I President of Mining 1 I k Company Makes Pleasing Ex Exhibit ExY Y hibit hibl to Shareholders 1 t i t MINE IS IN GOOD CONDITION 1 t 11 51 q 1 of nf D lu 1 Soon S bo lc 1111 1 CIs s t j f The fhe annual report of John J Duly Daly president Ne of the Duly Dill Judge Mining company reached many local holders holder and It makes a n splendid exhibit ot of condition o us l they now exist at al this big Purl Park M City mine Since the report was W Ji dosed closed the company hits hus been shipping f R a meat grent deal lell of high grade grud ore und Ind fN concentrate to the local markets und ano It I has his been beel from un 11 n 1 on basis of from trum to 10 monthly Thu ho middling ns ni Mr Daly states In iL his report report yield tho company a I W of ft inn 5 to 8 per ton tun while tho concentrate now coming from the thu mill mi il brings from 30 to 10 HO find the crude crudu ore about 0 At this rate of production tion ton and an tho Iho company Is not any In grout effort to 10 Ket et large ton tOi It will not take Inke long to 10 clean I wi lot 11 ip nil the tho ni obligations AH 1 noon lon as nl the management closes a I con contract contract tract with wih ono 1 of tho Iho loral local concerns tho chances ar that tho out output rut put of tho mine will wi be greatly Ireat In Increased creased It I will wil not be very ory long 1011 until 1 the Daly Judge Jude will wi bi bt shipping moro more ore than nn other mine In City WHAT PR DAIY HAYS HAYSIn HAYSi i In his hil report President Duly nays MH After ft 1 period perlo of 23 3 of de development work extending from Crom Feb Febi 1 1904 to Del Deo 31 1905 your our hoard board of i 1 directors decided to tu tho Iho pro production Jt of ore I will wi t he re f oio re review reI view the work that has hUl been b cn curried I on that period All Al tho work I r linn hll bein br n done don Oi thu tho 1300 1100 und JJ level lovell amounting In 11 ull ul to II ft feet which with wih the of or feet feol of upraises n rl consisted of driving levels und 1 crosscuts In 11 this 1011 many Im ti shoots of ore have ha l boen bell passed through of which give of nC developing Into Inlo law ore oro bodies when Is II commenced oti 01 them i T a I gooe food port part of nf the ore oro should hould bo II of o shipping rd 1 IY i On tho level Home splendid dill did bodies of oro have hlo been driven through values well wil up UtI In Y lend silver 1 I 0 r hootH i of nf to u 1 Rood Bood of oro fh I level has been extended 1600 feet Ceet Into Inlo now territory und un Pl It Is 18 on nn this level most of oC th thorn orn orA has hns been found the character value of which Is hI much better beter than that developed In the old oll working Drifting In II progressing mi nn thu 1600 toot font level on the sumo tit II that In A which tho ore shoots wen encountered I on the he level und Ild has ha haJ J y through some Hore oro t bodies of n good god e rail p There Therl seems no doubt that this lev le i Y rl will 1 duplicate conditions as ns they the ex exl ti l It t on the tho level above und F which will wil make over feet of ground If I the tho of I this prospecting work n 1 great amount of or Ore has hns ben taken out and stored h In the ore and III on dumps on nn a 1 lev level levi el I I wih the crushing department of ot ott t i our nur concentrating mill mi where It cnn can lie he handled to good advantage Tho ho hof f of ot thin ore Is J estimated at ll tons This dump will wi nerve eno as LS a n basis of ur ore supply to tha mill mi thereby assuring u a 1 steady run rUI ut t tI 11 ill times UN 11 Its Il operation will wi not bo I dependent upon the mine turning out outa Olt u a 1 lt tonnage each day jr H for Cor CorI I unforeseen reason reson It did not do 10 doro t fV ro 10 ZINC XING OB PAY lA Y r During the year ear we have sold many 1 UJ of our Hore of which i wro ero Hll mid at a n nominal figure for Cor cx ex purposes es We uro now how hOI iver fyer shipping 11 selling from Crom thirty tA f live to 10 forty Corly tons per day of this pro product proY Y duct on Oi an un assay basis the Iho net re returns turns lurs from Crom which ore lre very er satisfactory ranging from J to 10 18 per It ton Wo havo of this product an In estimated c Of bf front to II tons In 11 the til Old r dumps while the mill mi will wil continue i to thU Ihl class of product as ns opera oper lions tons progress s sOwing Owing to 10 the keen ninnI tho various companies 5 for Cur ores and of oC tho Iho char character chiI acter produced by h your properties It iJ should be mentioned here that we havo halo fl been heon able to tn contracts for tho tm pale ll of nf both bolh crude concentrate that are tle very advantageous to the com company COl f pany and a 1 great better heter than Ihan t t thing It I was possible to 10 obtain under condition prevailing only a 1 few tew years j ngo An AR the of the intents IN 1 also bettor belr now IW than they havo been r J for years the tho mines product pr urt Is II cor correspondingly more valuable The ron con concentrating mill mi lias been hn thoroughly y renovated and put In repair at this writing has haN been heen In commis commission sion Ilon thirty days In th short horl time tho Iho results show that a n close 1010 sav saving k ing ot o the tho values will wi lio lt effected f FINANCIAL FI ACIA STATIn f The statement of the secretary and treasurer herewith h shown that out of or Iho 3 bond Issue there has Ims been hel expanded together r with wih an nn overdraft of S The re rc returns turns from the ore rf now beginning In o como coma In th overdraft hn bern been paid off and at nt thin date we WI have a 1 cash cn h balance of af over oer Finally 1 I wll nay that tho Ilna Is II now In excellent condition for Cor and 1 be bei i for Cor n long lo to come COlt I f v that 1 tho Iho for the future Is bright while tho possibilities po of the Ihl 1 clou area of If ground graun that still remains to be bo explored gives promise of nf proving ns II valuable at it 1 lel t ns nn portion porton that has been f p p 1 ni departed yes yesterday 11 for City I N NJ 1 it J J to 10 be hc present at nl annual meeting of t 1 l ni on 01 the |
