| Show f AT tHE BOLO BUTTE DUTTE MINE Officials of Company Getting Ready to Perform Develop Development Development DeVelopment ment Work Again CIRCULAR TO SHAREHOLDERS f t I Pan Panic ic Ip lc Stock S To ro rr a Am ement tire time being perfected U tt resume work ork again on time the PropertY proper ot o othi t thi th Gold dohl Butte Hutte Mines lIne cOrn com located in lii tho the Gold GoIt Butte Dulle dis district district In in southeastern sol th Nevada N Ilk many other othel mining nii i in cal whIch tat hail hadnot not been financed to seath weather er or time the sturm thu hu found It to cea ea o e operations entirely and lIml await a it moio time to tomake make a u campaign for foi funds lo lu calr en try the Ian that hud had been boen outlined into S 5 A 9 circular Issued to to qi utah no tho time that the tIl p ty tip Is II out of or debt but that It Is necessary to gIve attention to the mattei ot of performing this years oar as H i Work A statement Is then niada relative to tho extent extant of DC the ov ox plC ph S SAher After Aher c wore was done In ex l tho time management tinted I a Il crosscut tunnel for IC the tho pur purpose purpose pose posu of proving up UI the tho series serle of veins Rowing on tho the surface tunnel l 1St 14 I ro nos In a II distance of ot 4 16 feet and alid lI ld th ro Is 11 little doubt douht but that feet moie will take tako tho the workings Into Inlo tub an un ante ore te body In lu its courso the will cut ut itt right angles anti amI at Ut varied of o facial 5 hundred v fi feet et the theL L Star Nos 1 I und 2 veins v and until the I Honer Lode and Saddle veins all of or have promising surface show showIng Ing ng Besides this tiuis It will encounter the nellie methe eln at the convergence of two wo well itoh defined cross cross veins where to nil all mining experience an anno anIto OI no Ito hotly body should make malec Assays as high Ili 13 3 a have been b Il taken train from surface ire res white while numerous tests testa have havo shown fr rom nun m 20 fo 50 In gold ohl to the tho ton In th he J of If annual york orl It H Is h tho tue Intention of tho board it to confine c operations to tho r advancement of tho the tunnel with he be hope if lr i not n pt t tho timo expectation that wh shun shen n tho time annual assessment If ls I com corn this fall some Interesting Int dl lo ures will have hlO boon been made At the tho mine the tho th company has care caro ully Cully stored tools and n sup BUP dies illos oft or a ranging lansIn front from fr nl U 1 50 to t 1500 including gasoline and dower blower car cal powder fused fuse use and aps caps steel forge f rge and tools tents ange anke cooking utensils etc besides a n mall Ismail quantity qua oL of gasoline and these bo be u rI V lon ork la umed S STIo I Tho TIo late financial panic has I L been breI b en rot cIt as is Keenly by rth tho Butte com con j pan uny as It has been by others bel ei ot of tho tile l holders of lot Gold Butte stock toek who otherwise could been depended upon up ri to t advance money tOj to he tho company If IC havo ia vo felt f lt lal to s such uch an tont that it was wa thought unwise by b tho ho directors at the present time lime to toem cen em levy levI lev a small assessment hut but a ni as 80 must lUS lie Ue done and mul that In orde ord to save the tho th property for or the tho company a meeting was va held helda un in a the timo at which the tho and the heaviest holders of If Sold 1011 Butte Bulte stock st k agreed to tl a proposItion lon Ion donating 20 per cent of their hold In H amounting to shI s to tolie thc ho lie treasury of tho thO ip company n t tl tg be bo foi In the purpose of pel performIng forming the tho sm nt work for this year eal ealand and ind to still further Increase the treas iry ny stock This Thie T donation was Ii y mudo hy by the thc original tOIs 01 oi g ot dl f the company compa n and for the rca rea realon lon Ion that tl aLthey they thoy have hae unbounded faith In n ii the th value and ani merit of nf its plop rb aro anxious for its still stilt further and I ad exploitation Tim Tho camp tot lot Gold Bulto Bulle is I within 0 miles s of the tho Colorado river and about the Iho snOb same distance St StThomas ni Thomas I UTAH COW SMELTER Subject lor EdItorial lol In Iii Well Vell Known Mining S In lit tho tue erection of a now new smelter hj In the time Utah Mining lUning In iii n county at a cost cot estimated at r between be tV N ll and antI 3 the I I R Mining Journal sayS Hays TIme Tho of the Utah Con Consolidated company has iota It a 1 good deal of ot intelligence Int find end nho some Home ro re gurd lou for in n itt Its with to lo of If tho tile com cam company coman pany flary an tl it Is only fair fall to suppose that timul It has given gIve due dill consid consideration oratiOn n to the tue important by h which It hut hlll been heon confronted At tho the end ond of oC 1007 1907 the ilic mine of the tho com had fX I development of 1202 tons tops of ore against ag tons tn at the tho end arid of tho 1110 previous Several Sever l now new l ew oro ore bodIes wore during durin 1007 antI ancl the outlook for the tho mine WitS was regarded as Illi promising In lii 1905 1005 1007 1907 the thu company smelted smelled at ut the rate ofa cifa little less than tons per annum Wo We Ve do nut know the hip terms tenus ot or tho tue existing between the Utah Consolidated Mining company com pan and nod tile the Smelting company compan It has hams been heen rumored that thit they thc aio alO about 1 CO per PIr ton Ion higher than III an tho the cost ost used to be he to time the mining com con company pany when whon It was liS smelting smelling ltd Itu own nr ir 1 if m 1 f liw mining company were acre to build a n now smelter at a n cost of 1 uno not 00 to treat tons of or orore ore and amid that amount only onh an nn amor amortization of or something hIttl less than thai thanS S J 50 pei PH ton of or Ore oio would have to tobe tobo tobe be bo figured besides beIde the tho interest on tin tho time Investment but hut the Ilic expenditures of or J 2 I 0 0 1 00 foi fa ti I construction only onh ought to t build of f much larger capacity than Ilium tons ton per annum at lIt t least lect lea t tv twice ice as na much and m l the tio Utah Consolidated Mining company Is IH un reckoning on smelting a good deal of custom pie oio besides beIde a good deal leal more moro than limn l OOOO tons from its own opine mine Consequently It Is li in 11 time not A Ii question of of four years brief period 1 Consolidated lUnIng Time The Utah Wd ala l lono a aone n company has h s concerns concern that QuO one ono of tho the commendable make good reports to u a stata these 1 tIre ors factor name namelY 5 essentIal inept ment of o nn un tho the amount of ut ore on developed lug Ing In in the tho th mine at lIt tho the end of tho thu year Tho secret kept which is commonly nl and still lUIS hits a n has hud had company Coil high order older of management and tech te h best character t r rami the LimO of f and ami it Is 11 only to that it Knows low how to figure the time dl dIf smelting smelt smeltIng between the yield ot or Il u ing trig contract and time the cost ot of smelting on OIL its own account |
