Show I I I i II i I I I I I j I I I I I U Il 1 SION Thou of ot 1 ns of fit if Or Ire r Are tro r President of or the tho iamb of or reports Rood good progress being m made le with lIh development work rork In 11 n II circular letter just Ju t Issued Tho The statement or of Treasurer A H II Iago shows hOWA that front from tho the organization of I tho tha company up tIp to Fob Feb 1 the thc total ro se neel colitis eel II amounted to out I nf or whirls which q was wan received from the lIsa lit pf treasury stock from frol rolls the tho three In levied train from tho the sale nalo of ot ore oro and from rein other oilier The Thc Th disbursements are aro In Intile inthe tile the following for labor lubor 0 for rol supplies and for or patenting of or ground surveying etc dc while tho the of ot cash on hand lanai was Since lico our report says Bays President dent enl In lit his report over 1000 1 feet r t have been run In tunnels drifts R utah other pros work rork In doing this titis wo we liMo have exposed eXIo many thousand tons ton II of milling re nil all of or which van elIn atut will 1111 be treat id II t nt lit a it 1 as itS soon loon n liS as we liMo have a II mill or concentrating plant of our own We e are arc now sinking nn nfl ebnit on Oh ono OttO of or tho the veins chits for the Iho purpose ot of procuring water Irater to b be used ascii principally In iii thu mill for tor or concentrating ore and andI a lilt ni III nIce o for the thu lie purpose put o of ot prospecting our ourI for tor mineral We Wo been quite III In finding both hoth ore and Wlter 1 feel teel that with a expenditure we ve shall plant ami a 0 for tor a I loll volume of or ore oret At t this title time tinte the tho has haR been licen mink feet teet and Ind have ve W nO gallons of water per por day After ACter running through feet of or barren rock rO k a II part parI of ot the vein oral mado Its and It has hils In Increased creased cr In volume gradually Some Somo of or orthe the nicked samples of at ore ole Load 27 21 per por cent cant copper 1 Ilor per cent silver 3 oz u and gold CO 60 cents pur Iler ton Ion All Mi of the Ih Volt vein shown strung and we e have havo good to believe that the IhO ore encountered In this ship vIII twilL be superior In Iii to tiny any lin no so tar far Mind fund MindIn fundin In our tipper workings Our OUI reasons for thin this lire are as follows follow At AI no time In III our tipper workings line has copper Its 1111 appearance while In tho tito shaft the showing Is III i very sety er strong stron copper Is found In the thc ore In the tho mines at nt VII lues In III gold anti and lint silver increase In Its sinking our shinto hafe we wo have follow oil od the 1 he ho hanging tigi ii g wall I aim 1 In doing so 90 have hot explored our ou where nearly nil the thc ore In the tho upper tipper levels Is found r we e Intend to crosscut to the Our Otte inject In follow tollow n nt 11 the hanging wall valt Is because the tho hang hangIng tag Ing In wIth wall Is III an un unbroken stong wall 1011 which does not require It ItI Itse vo se followed toll 0 1111 our toot willi would leave the vein ns as n a hll wall valI which would bare hae to bo ha timbered nt lit an ex ox pence antI even with this would not give UH itS thin the shaft wo we now have hac To Jo many tho the terms hanging wall valI and foot toot vahl may slot not be 15 Ore Oro Is found In veins lying between n two walls wall the Is h 1 pilled thA hanging wall willi anti and the lower tits thA toot foot wall wallI so 0 havo opened tip up In Iii our upper workings tons ton upwards of arts oni Or Hi will not list us u at nt least 1360 mer r ton by his h treating tho the tire at t mir lur own on mill situ situe Ve II e muk tithe above alloe estimate in irs this thin manner In Its running our otis No 1 wt w 44 e encountered the lit III ore which hiss has lw lets n don doit suit ami from milling ore ort then thon wu we Celtic down I own vertically ItO t O feet trot feet on the dip nf fit lIsp vein from hum lIn the up LII er III erlo erto lo to the Ih lower or from trout No o 1 I in tu u 1 lid 1111 to III ii No 3 tunnel Alter After running io ISO f it in tunnel No 1 I L we d ire ra slid aad mn stilt U it on about GOO feet pit Hav cuik uk upraised drifted and attil d m tn II Wit on Ott thIS vein elIt and tutu at all tints time have hue len Ien In ore done ilone nn 1111 leu eu thin than LOW 1 feet t sit of or and an anat at al all an point In ore heRe hence hll tt we w the Ih Ibon estimate which U I 1 very Veri v l a athe the th All Il of or thiS liae Isas bean tJ n develop d In Is loan than abc lx Ix atrI of or round Wr tc ur at u atIf nf lit If the opinion that I lit h of ot uia OIe or orI Id hw a t 5 n a 1 ii leli eit It We cp ha t i It i t t IU lit I I I which I I I M I ulli It an is II well will Hi Ih 1 rr work t I I in tt in Iii IIII iio it tip id III Ii ix 11 lerea roO a It II will 11 In he that we ws weh h hll e on II front from rom tunnel No Ko KoI n level I In to S Ih I x nf ut t tin hIs ut f I Ih lee M III I II lid No Ni i hk Pt In tN 1 lut lutI W f td fi i mi 1111 it Slit iho Ih lip nt nf t r ih h t in our 4 haft hiett w III iii i 1 t i It NI N i tint tt II th Ii h li I II It I I r l M t I i f IW IWA A t hll II t ll It hI l t I I t i mi t I I i p t ta 1 a 4 11 TI ft ni i i f ih Lh in Ill IIII tore II h N m iii mii ii t i it nil II lx n arv urn r site Ih Ill n l In 11 It Ii I ii u l 1 l it itt 1 I I i 1 MI I I r t 4 i i IS I t III 81 IIi vi In h h hi ili Ii h II t I 4 1 n a nI Hl Ott II till IIII IX i 1 ll n I t tt II I t h r ti tit k 1 11 t I I Ii h 1 M u |