| Show S M G CONI N NIN IN G GOOD S SHAPE Pf I Fiscal Year Closed With Balance i I In Treasury of Nearly Nine Nineteen Nineteen Nineteen teen Thousand Dollars I REPORT OF SUPT C C GRIGGS GRIOGS limo Iho Production of lIno tIl hits HIIS high Grade Ore Uro At tha annual meeting of the share shareholders holders bolder of ot the Uncle Sam Consolidated which hl h was held yesterday afternoon at the old board of directors was ans reelect reelected ed tel 4 The board boud consists of ot John Dern Jam James g George U D K P Jo Saunders and Janice Jam Nelson During the past pall I year according to ll the financial statement submitted nine IA b I L n n r UI con COIl of while lh II I the ex exon e epen pen on account of lobor tooted footed up to 10 The total receipts of the year Including the on hand hani at the beginning of the year ear footed up lip to The statement of or Supt C f C C Grige shows MW that thaI the Incle Sam company during the reason moon just ended i l altogether tons tOilS of ore which nv my n IUD 2110 a ton tOil ott giving a total valuation III atlon to the output of ot This Includes Include however about COO 00 ton tona of or oror ore or from the Humbug dump which brought about U 5 u a ton tomi The company ha hu on hand at lit the present time US 18 Out of the thc receipts of ot the year tar lh the company paid out In the form of Richmond IU and Anaconda assess assessments meats ments The sum lum of 1981 w was u out for development vork A complete compressor plant Including the pip and d IP II were wre purchased during durin this inn Ih year eur at a cost coal of If about and a nd H It i inow now no hoisting engine was sas bought arid and Installed Construction Con work ork to the x tent tont of 1000 was done during dUrin the year en and whets when the amount of dividends lIdl Is taken Into consideration ron the company has hila Indeed closed a most mOlt successful and meritorious year jear far It Is to the present lIt ore developments however ho eer that IliA I Supt Griggs calls espe N rial attention The level of t the mine mimic has hu been the Been acelie of many IIan Interesting developments during the season In prospecting around this level leHI the tho management found that the theore th theore ore Bre cros cro crossed ej ed the contact about ISO I feet ahead of ot the point where herr the feeder fe Jet was as first encountered One strung thing was WI found when hen encountering the main vein It II was wag apparently sn gnIng lag InK around the end of ot the dyke At this limo the strange trane formation became curious and It was Will developed that this Ihl ore not only did go arro the strike around one end but bUl it made for the time end enil and went under the tho dyke dyki d This dyke therefore contrary to the past put conclusions li la really the Q all nil veins In heretofore go 10 Into Inlo the enormous body bohy 1101 under this making makInI one of or the greatest ore bodt j jIn In that camp On the foot level a waa U ac sunk gunk for tor CO 40 0 feet nil oil In ore and amid the management drifted from tha level I O feet felt under tinder the to the hl dyke d ke till all In ore Supt states stales that thai It Is III Impossible to 10 state the ex n extent tent of ore orf reserve as all each adJI adI foot to It Fully Full 41 4 per PH cent of ot the ore mar markH m r kH l during durin the year tAr ras 1111 hl high h grade radl which averaged a ton The rho Theote Theme ote fit me I In sight right In tho the mine If Is exactly this thU grade of fit ore so that a much more mort pros prosperous year Is I abend almend of nf the Incle Sam Rum company than It II ha hu Just jut closed The Tho Theore ore In lii night eight at thin this time Is III much great greater er M I In amount than It tt was fR the first of nt lat September During this tho year he the hemill mill mails made the the neat sum um of nf Us which Is III more than Its ordinal nal nil ad I east I end this Ihl plant ont only handles that portion of ot the low grade traM ore orl nr otheral e would have to be he thrown over ocr orth the th dump dumps |
