| Show i II I Ii BI BIG OAt OAE BODiES I f r Ji I I Detailed Information About Great Pro Producer Producer Producer ducer of Copper CopperAS AS SEEN BY BOSTON EDITOR Souse Some Shun Hie II IC l 1111 of ut Milling ami ud Smelling 01 Georgs U 1 Walker editor of ot the ton Commercial who recently vl It l 1 of th th the principal copper coppermine mInes mine mi of tIde U state tte baa b been tn giving out some inform information i Inn about abut the Ibe which am und under r hl observation Last Laal l k he told laId a aItor astory story about abut the tb e UI of or coun county tun ty t I which the Newt New reproduced 1 anti and 11 which was WAi taut Feed td with Ith a treat ret deal daal del of or local 1111 Interest This Thin Thi week Mr Sir Walker treats rests of 0 Utah Consolidated which I Inow Inow is isnow now leading dividend paying mine of the th state Mate In his hIl comment on this thU big bl copper producer duer Mr r Walker r says Haya ya Utah Uth Consolidated 11 lia added Ire tre tremendously to Us Its Il ore are resources resource since I previously visited Jale IU Its I underground under rund workings 1 I was through the tho mine lu iii II September mi ami and at Ht that time only on three distinct ore or boie had hd been n lo in located ate and nd developed Since SIn then Jive five te more oe have hav been ben opened compare rom pe very ery favorably in both M Mami six l ami grade with Ith the original three Tb The la lest lal t three thre ore or or s opened may ma prove to be b connected In II which event It will wi probably be the largest as a well wel wellam aa am 1 the richest ore deposit In Its the mine min OUR OHR BODIES The new ne ore on bodies bodle lel referred to tor were r encountered in the drifts drift aj u Il hv what la is known as 1 th the U fault This ThU fault tault la Is I about bt IO feet el we west tt t of the Ih first ore or orb body b sPilled In the tha compans early carl operatIons operation Three drift two to driven In lii II nearly directions direction and amid Ald the third at t right angles all al entered high hl h grade rd ore When I went through the mine min three weeks week k ago a 1 two hm of the these drift were ench elch In ore 40 49 feet tet find and the te other 25 feet fHt and nd the ore o up averaged vr Ke between 8 S and 9 l per r cent copper about but H 4 gold old and carried carl characteristic values value In silver The point pint where these theM ore bodies were wu cut Is about Abut feet rel above abe the working tunnel and nd 2090 2000 80 feet tel west of o Xo No 1 I ore body b Their phenomenal richness U is probably due to that thI enrichment which characterizes nearly all Al deposits of ot copper ore near ner the surface If I It I proves to be secondary enrichment however It will wi mean macan IIAn that these ore bodies bM are of ot fully as all good lo at fl depth aa as a the several others which carried ere SV I 3 to II 3 per pr r cent copper In Inthe Inthe the and nd SI 5 H levels Inels the Ibe deepest dept openings in I the th mine The e entire operations of the Consolidated to date have hn bern been n con confined lined fined to a strata of ot limestone about 2062 feet tet long lon and SM M feet lel wide This ThU lime lm 1 In Is II tilted tite to an angle ancle alle of about Abut 40 0 degrees decrees and nd cut elt lengthwise by b a 1 oar nar narrow or orr row r dike of or porphyry The first throe I ore or l odies bols were found on the therl surface and opened by a tunnel which followed rl the fot 1 Three Thre or tour four years po go It I came to be moK ro o that these 10 ore bodies bies occurred In connection with wih cross OI faults which cut tl the tb country north and south Cone Conne drifts Tere vere r driven north on these faults and duplicate Ale ore bodies bodle were wIre found near the lumping wall al of ot otlie the lime Iliac north of No 10 1 I and No o I ore or lie bodies bodle The three thre additional ones re recently reo opened along Ion the U 12 fault faul naturally led the mine mime min management to 10 natural believe that will wi be beroun blee this fault fult for a dis distance distance round found roun all U alone Io I tance of or 00 feet ret or more 40 I One exploratory drift has hai ll been fault mentioned but bUl bUlIt driven beyond the th It was waa discontinue because of 01 Inability InabIlIty air Ir ity It at t the time to supply for tor ventilation A email body br of or sit sil tU ore of or rood o grail d was opened hy by this thin drift There Is I ever eve nf reason b beyond ond this for fo the hope that the h area fault tb may 1111 m hp also al be b productive of most inott 11 excellent nt ValUeS valued alu The Tb description el given of 0 No 10 1 and nd No t I north orth bodies bl 1 will wi undoubtedly make mk It plain pin that they overlie the original No Xo 1 and nd No thy o 2 S ore bodies b f and an dip dil at th the same game angle No Xo 1 I lore ore body by ha has h a length leneth Ime of U 50 feet fel and ad width of 10 10 feet No 1 J le north la Ii I equally euI long rind nd about re halt half 10 an as al wide No o 2 ore on body by and n No NI I t north norh are rt mailer being half aa as large a the t I wo first mentioned If It ht the three new ore 0 bodia b recently fW J th discovered Proe to be one oM continuous body by It will I be b much mur larger larcer than nn any an other In the mine In view It nf t the fret fact fA that only a 1 lit little l littie Vew feet of at this ore orein tie tle mets than sU Mx Ix fb oe in is t required to 10 make mike a ton on on the tM tonnage runs run II up very m r t Mr In ore re bodIes bodle bi of or the else II mentioned The Tb management makes make II measurements very every er year er and an reports ml about bt 1 1011 tons Ions In Iii II sight li ii I itt annual statement This Thil fc Is I Ir athe aa U It I fl be b but were It 1 the tn to show up op opa upa of the management Culf a large o tonnage I 1 believe It I could cl la in a afew afew few t months month time so 1 extend IU Its It drifts and nd It that tl It I would wol be able ble to 10 show to 4 W W tons of ot av trade grade ore O actual If In 1 sight 1 In view 1 of a athe fd the fart fact that IU tUh 1711 Ut en ore yields 1141 a net ne profit prot of 01 inane le than tan W U per p copper market I the ton on o a tP 1 ke ti profit DI on oh o 1 tons tone tO would wOld be b eon e then than the company mot moe m Cy X oIl nek k la is at t pres nt for In th the COSTS CoTtI CENTS TO The Consolidated company h Is I Ino now no smelting an n average ayers of ot over ISO IN W ton mop of 01 ore Oft or Jally 1511 n It recently fe made over Oe ttO of 0 copy copt r In om OIl y weak V Vii 1 ii sod d Us Its rest cot i Per r t lOtIn I Is I lower lomer 10 now o tb Ih f at ii 1 any ar jr time Ime In the It c corn com m h Ii torr Mine approximately 1 I irn teis P Pr T r Ii its Ita mInIng cost coat I Is atwi It MX ST p tw I r ton of nf which hl h between 77 r simile iIi Ind X J a ens p poor pr r ton Inn Is I tot for ex cx y OJ Its H tramway Iran moves move tI Ms Its 1 w or fr fro i i if P f mine mInt tn to the iho at 1 r C ITI n 4 f 7 t i flIP per IfT ton tOll 1 ft rentS per I 10 I II let mr freight and d unil 1114 oo east t i re n Pt I actually bh belOW w wt t I per ion sf cof 1 ore If lit It ore Off IId an au n of nf more noro than M III Ind Indof x of rON an snot n 1 a little lUlle beer than IhAn ft ra 1 pr PT l tilt r In goll 11 sliver silver pr It wil II h t i Nall that the hp company Imn n I f t w r r no st sunk punk i winS win Inz IU feet ft 1 tep Its lI seventh or working w ln tunnel ln f I ant 1111 the n r nf of lu tie luat II III tier r at I that Ihal 1 The Mw pump were i af f r l from these th work r It II nn It 1 thy ihy Ih were WI a l to 10 nil lilt 11 with H lit I If Im m that omit nIt a very yen sms I nf of trifling wa wi Inn onto on am th thi j I II i w r 1 1 f e r l I no effort If vo made mad m to toI I i IP up ui u iv 1 other than Ihan No S I or body hf I The ore npr tf II 1 t that hat I depth 1111 an aver ar are tf of nf mor morl kt 11 an I Tr per con cent centi conI i NH rp r and n valises In hi roli rolin ntH n nj irr and an there h iii h every for Con th the belief f t that t these W ore w house I II cw ri tine to 10 very fr er great J rth with 1111 H lest i II I slight III diminution of t val valI P I 11 T OK fly N I It la II I the r Wy of nr f the management to open up uS mud and a ll mine out the or on bed Wd lee It In tho upper uPP r evela first firt Ih operations down clown sl from Ui tM lii surface This Thill practise tn fo fOe f low lower I er tr mining costs ollis and nt lit th It t I aum 1 t II Ii the l os huh y of f anin y f 4 I ni in III ion fr in rt cs tl t g go and niso 1110 keeps Urn the II mill In III M II that It would not suffer seriously In i event tnt of or a fIrs Are Ir The TI Ii II I it t if r rIhl the Ihl Utah fl n I on Oil i of If If the bent beet It If not th I I 1 in j th Ihl 5 tire 1 It has haa hi l II at rr To ord or of or costs that li is p IU l liy h f rw fw w ne and at al the thc Ih sans same i I taM IM kept th the b solo mine r nH HII In ad all advance vance whim while steadily increasing Its It pr IN J anil earning rl pOI II y Hie failure of or the I II to ii I again a rigs ln In Increase Its dill dUIl d I v ll II 1 I ki uro nt at the Ih reri nt tl I K Is believed to 10 find u UI In lit the tact fact that the Ih nun Ili ts i suits ar r the th I for I smoke Imo l sod and fun fumi s t I th loss In Salt Suit I valley allty there Till Is III f 1 remote possibility that thai the Ihl company oral may lie loe required ul d to 10 remove UK ite smelter K to some IOme other locution loe III In the Die event ent of or r this becomIng necessary an 1111 entire mt new smelter will be built buill from f and ant dividends will 11 undoubtedly be e nm at approximately p ibm ilio rr nt rate Or Vr the other hand If It It II never berm necessary for he company tn to make a 11 change the surplus cash 1111 accumulating In III Its Ita treasury will m go 10 t I to stockholders n n it aone form or other Th Jh Iho company Omny will probably earn arn o 0 Oi IM In excess of ot re rl thU timIe year assI will close rne the lilt year reel with cash Ih nn on hand to tn build anti and equip quip It H new nl smelter com coin complete of f IWO 1801 to 10 1208 12 tons Ion dally daily dall ca If capacity parity It would be extremely difficult to An lImit another enterprise whose holl stork stock has bu ti a I large Iare Ir demonstrated value V It as u does doen that nf of the Itah l 1 I that II Is of course In proportion to ta is I current sellIng Price The Th stock Is It now about 9 per cent on Its market markt I valuation and notwithstanding this u t uha thili ha has hili much snore more security behind It I than thao many mati other Investment which hh h are arc con considered nn exceedingly lIngl choice boll and hid yield yleM 4 per Ir rent cent or less lees So far tar an aM 01 I u If ute te tm I Ascertained I by b a II mo mot moot t thorough in investigation of 01 the affair I tra I r J there la is no feature fo of 01 weakness an aol l nothing unfavorable In the outlook f fr r iti Itc future e such Illch as ax should cause raule the larg lar largI HI I St stockholder or 1 a sleep sleepless sleepless less lr I night or nn hour of at worry |
