Show ALICE ANNUAL REPORT Was Operated d at nt n 1 Lo Year car Supt Hunt Illmo Hopeful The annual report of ot the tho Alloo Gold Sliver Mining company operating nt Hutte Bute hun been Leen made public The of ot President M It n Walker show a that the expenditures I exceeded tho receipts during the tho past I year to tho of or that the total Indebtedness Jan 1 last was I The fhe report of or Supt however I given some encouragement Ve Wo have given considerable atten attention tion during the tho post past three years to 10 the tho of or tho complex ores Grell In III the other mines be belonging longing to tho company of or which there are largo lurs extending aa na deep deell 1111 the Iho lowest workings have reached These ores orca commence at nt about tee feet from tho Iho surface and on tho level levet of ot thu tho Alice mIne average 17 per cent 8 per cent lead lell 9 I per cent iron Iroll 1 per cent copper 8 ounces Ind per ton in gold go d Various methods of at treatment have been tried particularly wet concen concentration and magnetic separation but the attending attend In thereto have thus fill far Interfered with satisfactory re results reo I In addition to our working tests test I IWO vo WO shipped JOO tons to tho best be lit quipped mills In Colorado Utah where It wan treated with willi tho utmost arc From Ind nil all other othor testa mule it la manifest that If It the ore are car carried ried a 1 higher percentage e of or lead I ad tho Iho outcome would have shown n II profit all 1111 expenses In this connection conn It may be well wello to o state that recent prospecting on the theCO CO 0 level In the tho mine Unclosed lo ell ho Iho average per cent of or lead In tho vein to bo as a against 8 per cent and zinc 20 per cent ns all against 17 iT r cent on the tho level Should thin ratio atlo of or Increase continue to tho TOO OO level which IH 18 under water wILler tho pro erty could coul l without doubt be worked upon n II large IlIr profitably In n that case the mill which has re remained reo Intact pineo KB closing down Oct I could be utilized for tor a IL con plant and the iho wasters oven brought Into servIce to ild In extracting the iron from the tho zinc Prom the th closest clo est observations I been able to make It li Iii evident to nip ml that nt 11 depth the company pos poa a n hearing alco nJ o rower silver and fold Ohl to treatment by b concentration and mag magnetic mn Peroration requiring only to bo I worked ll upon a 1 to pay And were the mine out to the lOM 1000 level leel and MI tha tho great ore body attacked on tho different levels ls tram from the to 10 the 1000 I firmly I rm believe tho foregoing results r would be attained |