| Show i 7 2 i I ANNUAL iA HOR 1 i j This B gin New edli Of Ot Giving t Information nl to It Its Shareholders I I DOUBLE DIVIDEND DI ID END IS POSTED hed to Be 11 u Sent s Outon Olt o cn t InsI In 1 Tor Foi I Exhibit j The Tho fIrst report ever eor Issued by hY l flie the s1 y Coalition C n company lIl vas vm calculated l d 1 local Ho today dh an and ni l It contains much valuable Information n Jn lon ie relative tl to the and physical condition eor ot tic the time ri jt of I th he corporation n at at Park city ty o eRnie came tha announcement al tile tho o at Cri a 1 tn l afternoon had a D double Ih ii 1 or instead bt of tho t o usual quartet ly IY I nt kt o Y S go So out on on au the IS this lii 1 i CCO The che contains a IL detailed stalo from Captain C a n Duncan Duncan eVl i months time lIt Pk In 1 Conducting In c l a thorough r ugh gh examination u I of orth the SI H King and amid that tho ho shows things at Present actual and probable pro ore oro available In hi tho mines cs ib Is approximate I IW ly W lv a m little more m i than timau tl t l tons toils t ns bar hav h iv ivIng Ing nA ri gross Brass ross value of 90 pi or om al mJ nt i m t Salue lue of 3 SO In audit on onto t tt to t c tho th t vaI hlo nic as mis stated the th thi i port estimate tl the tho possible ore ro re In imm I tile tho p of ot the tho cpm cont coal parrys p ys domain ln at at 4 no ri lOSS less than 1 I ton lo But B lt In ln hi arriving f at ll tho II probable Pl blO I value of ol this oie el tho the I cuts time the I tonnage t nn gio 1 In hi l tV and l Ulon assumes is u n that i o average rii igo not net value vl lue ot the tho available OH will prevail This Is Ii riven at atI per l l ton mt net so ith tho tons toris l I h l value ah o lt is ho eN made to t appear appeal ppe I that the available and possible re rc o lIli tho d dpi po pi In too Is l Iii ilL t Ule o conclusions on u lons gold YUI 19 10 per ounce silver at fa ii s1 p pct iO 11 S for Cor Or Oo cent cen and lead at 1 IGO 60 per pounds for fOl 9 00 po pot lc h The J Head dead J l and JJ d H iii J 1 tho the New York quotation for i 1 ton l months to Nov j 1 l inos u I 1 FINANCIAL STATEMENT t oI I r I o ort by SU q Mining g i Co Cu r by 11 11 Wl ver er King Coalition C Mines Co 0 JD 11 Total WK W earnings earning P ld for fOI out omit of el Paid for COL Ui with I 12 00 Total AND ISI i c U ins jn fi 14 Ore ol O hilos Miscellaneous oui Disbursements DO nt l T property purchased 1 0 ft E and immo improve improvements monts ments t nw Operating So hand Nov 1 I lOS IMS I OS 32 Cash on Oil hand Dee Dec 1 IMS 1908 Ore Oro in 11 84 It 11 will be bc seen from tho the statement that while tho the dividends pr prior or 01 tIered dered cd paid yesterday a will make a L big hole In tie the reserves there Ill be a abarge large barge accumulation or of through ore oie mO shipments for the time present resent month to add to the neatly that th t Is s stilt still stilton on hand 01 or will be bo when tho time ore In ill transit Is paid mid for fOI forIt forIt It Ib is s simply impossible to give much mines look like 1110 Of u ii 1 notion of what tie the today to ay In the brief space here heie utilized is It possible to 10 give time tha amount of ot gold sliver I lead and cop copper COPper per produced pro luco l by time the mines minos as al those do not flOt n t enter into tim the reports that havo have been tabulated To 10 under understand stand bland all the tho th good ot the re ic report p port it is necessary sary to have havo till nil the tho tables table for fo and anti the tho splendid maps that miloW ho v tilt tho I w workings 01 kings and amI which accompany ne tho the fter oi dealing with time tiro geological formation fori fOll atlOn ot of the time district find and after aft t describing tho various vein systems that uio UI found l within tho the Of tir the i S 2115 W acres ot Oft min territory which coers the ot ol the tile or contact and anti for tor a distance of or feet feol Captain 1 has the tho Ih U lo 10 my ty in fl tt fl general way wa of ot the tho corn coin pan pany lanya S undeveloped urea area CROSSCUT The crosscut driven ly from time the Silver Kin on ott time the level loel Is mostly In feet or 01 moro InUre below helow the tho t It ft Intersects a number of ot alto also several porphyry dikes d Ies Time The most of th so fissures Is encountered near the time end of the time crosscut For Tor Tora Fora I or ora a distance of oJ 20 feet cot at this point time thu Is lii well contain containing lug ing In manganese and oxide of oC iron and has lias two well defined fissures with a t large largo ry d lYRe dike at nt station tatton 70 I 1 Iam Iam am of or time the opinion If IC raises milos were put hut up on some somo of ot the favorable fis fissures surca to 10 reach Ie eh the time contact the thi possibilities pOlis lot finding al excellent x The Tho are easily traced tracel for COL a II long distance weSt within tho the territory owned l b bY this company A tunnel has been be n driven on the tho Odin O ln claim and an all a 1 de up ve W for or a mm distance of about OO C l on in l the tho strike This ore carried quite a large percentage of copper coppin and amid has h excellent prospects for cor developing into a ri mine t li e I am Informed that a l on the tho Jupiter group o of claims ir recently put purchased chased by hy this tim is company has l 81 v folded about aboul m 00 The geological conditions c of the tho Odin claim and the area lir ii surrounding s rio lake are aro eha l to lead leall me ale to believe bellevo that tim tho prospect for developing g a 11 urge laige body homly ot of orb io In this section Is exceedingly ox ex favorable There Is I avery o elY 1 Indication both at l the western west ll Openings In thor time n and on the tid surface ce of ot a contin n of f tho ore bodies to tho tOo til west into tho time undeveloped und area aiea aJ ea CONTACT or BODY The contact oro bodY recently de tic developed p dl on o the t level adja adia adjacent cent cl vt to the tho th Jewel C l fissures has exposed a magnificent nt body Oddy b d of oI galena and cai l bonate nate ore or J The Tho Th existence of oC this thus nS fissure was unknown until recently I and I r am of tho opinion that other oro ro bodies s will be found o III d on tho the contact eO along alons other iother known fissures to time the 1101 th find and nd south soPI as ts ns well vell ell as a within tho already covered ov by tho the different I l King Tho Time oC P tl cn tunnel to he thio southwest would bo be an important factor r In I developing the tho unexploited un lre To tho tle west there tl ero Is a I large territory that be bo productive Tho h Je contact 1 1 h r the Fault fissure on i the h ot lev level will undoubtedly b lie e when tt ri developed Theres There uI Is s a al laige rge area w cast e of raise In n tho th McGregor lC lissOme fissure r Plans are arc il not low being considered const to exploit m unu nd If Ir the contact Is reached It t i Is s likely to bo cu as both hose good ore oro b bo contact above Is up iI I 1 do d not consider the suits s lt filed by bythe b bh bythe the h SI ei King ICing Consolidated company cotenants in III im tho Andes and Vesuvius claims anti and now pending en in inthe the tho courts of a 11 serious nature My examination that a satis saUs satisfactory factory actY adjustment lt should s 1 bo be leached when a 11 proper accounting u is tub sub l I |
