| Show OAL ISSUES T President J J Details Worl Done and Condition of Mine MillO Millet t a THE OVERDRAFT IS EXPUNGED Experiments With Ib Ores In Mine iliac and on Dumps Indicate Pro Ito ProfIts fits Will lie Earned The This Dal hoe has hn Issued an annual report to UM its stockholders detailing thio 1111 work worl of at tIme the last year and describing conditions III In the th minI mine The Tho financial report states that hues has hll l 1 in realized within that time from tram the tha pine pac pacIng pInelog Ing log of at bonds and nn tho ho salo of ot ore are while on Oil thin the first of or tho this year the overdraft hind had been beast reduced re to 10 only Si 1 I It Is also stated tute 1 that since tha formation of ot the company the mino line has produced pounds of or lead S1 SiD ounces of at silver and 1010 ounces of or gold goltl of or nn on aggregate value vallie of at U Concluding luin hili report to the shore holders President John Johll J 3 Daly Duly nays Home Honie idea of at the tho nature of or tho the country passed pessel through and Its lis possible productiveness 8 may be bo gained from frons tho thin fact that thuit In iii the this work about tons of ot good concentrating ore besides somo first omen class or shipping grade has huu hll been taken talon out of ot these thrifts drifts nih m stored near our mill The character of the tho ore found has ban changed for tho the bet hel better better ter from that left loll In the old working from ruin a V 1 standpoint of ot concentrating ns us well such as 80 smelting It being boing practically free from zinc zillo and carrying a II good gool per percent cent of load loa 1 silver gold cold old and Iron val vail values ues such Huch as tie to make It a highly desir ore arc U It l I Is the Intention of th the management to 10 a continue driving tile the prospecting levels for tor some Home time yet et as they feel roel confident of or finding one or snore mor of or those large rich shoots ot oh ore re such as are oro found 1 In adjoining Ind You y il will no doubt recall from rend read reading log InK our previous reports that wo WI a U largo large tonnage of low grade silver loath and zinc ore blocked out In tho the mum ready read to be bl taken out when It li is I thought advisable to do so o also several thousand thou tons tolis of n a product n 0 as ml stored In dumps neat mien our mill During the time year wo so have havo had haLl ninny many tests made In different works on both bout tho tIme crude crullo ore oro from tho the mine a o awell owen au wen well us RS the thin zion zinc tram train the dumps on sample lots Iota ranging from foni pounds to tons tolis with tho object In vl of ot finding out the best and moat most economical method for tor their treatment separation and of ot thin the th different metals they thoy contain Not ot all of or the tha parties portion engaged In Iii making these tests tells have havo concluded their Investigations ns a yet et antI some somo reports urn aro still aUlI to 10 conic come From l rom the tho tests made reports already received and made the manage management mont ment for the product here horn heretofore heretofore considered of ot little Value It In lit perfectly safe lIre afe to say Bay that thai the tho day Is 18 not mint distant when wo we shall shan be ho able to make these zinc ores oree II a of or I 1 revenue to the tho company The work worl dono done tins has been ben principally on nil till thu II 1200 and 1400 level lovel and III HI brief briefly ly I speaking Is IH as os follows Tho The have been run Tun Into virgin ground on the different levels with some somo cross crosscut crosscut cut work for a II distance amounting an op proximately to feet and while this work wor has hns not ns as yet opened Into nn ilK largo large ore oro bodies bod Ie as tie wo we had expected and still hope to C find ahead ahen 1 In thIs thU new lIew territory It has hall passed through many south small shoots or bodies bodlos of ot ore orl which may probably develop Into tho the desired bonanzas when the tho work nf or sloping ou Oil em time the ore oro Is 18 commenced Much Mitch of ot the thu th country opened up UI las haa tho the appearance or of being ground hueh ni M makes oro ore In the tho Park Parle City district Homo idea I le of or the time nature of ot the time coon cOlin country try passed through and its Itu possible productiveness pro may be he gained from th the fact tact that hint In Iii doing thin work about tons ton of ot good ore besides Mill first class of shipping grade has ham ha been token taken out nf or these drifts non ana stored near minor our mill Time Tho diameter character of or ortho the tho oro ore found hoe hns changed for tor time tho bet hier better ter from that left lert In the tho old ohl working from a 1 standpoint of or concentrating as nit aswell well as nM a smelting It being practically free from zinc and carrying a ii 1 good pep cent of ot loath lend silver gold and amal Iron Iroll vat val value ue lIe ties such mich as ns to make It a n highly d dc ore oro It U Is the tha Intention of at the tho to continue continuA driving these prospecting levels ahead for some time yet ot as II It feels confident of ot finding one on onor or more of those rich shoots o of oC or orf ore such as RII ar ale found In adjoining mines 8 Nevada s Tho The following quotations from this lisle mornings Millon of ot the tho San if Francisco Mining Stock Stoel exchange are furnished by J A Pollock cc Co brokers Stocks I i ii I I 6 27 21 23 Con is Ophir 4 41 47 Mexican s 1 lr f Savage 11 16 15 Potosi 1 I 12 13 Union 5 00 Jacket 0 12 13 46 45 47 1 53 3 6 Andes 21 21 Scorpion 19 20 |
