| Show SAMPLING OH oR i J 1 I Turner Turne Sup Sil nf nl SUr Con Mention In Denver lenor Ivnor inper per perAl At Al the tho recent meeting le of ot the tr Consolidated Mining company operating lag ing In 11 Juth Jb county Utah we note that the superintendent of at the mute mine Mr Ir J JP JP P 1 Turner TUIner In Iii a a report of ot lust years operations operation o gave gae the tho of ot a 1 thorough sampling and of ot ore ote reserves HA hI stated Hinted that lint tho the thoIn thomine mine lottie In had between and tons tolus of ot ore oro opened up averaging rather rother more than S 1 per er ton tun tondi We di can U not fiot nl recall recal any Iny mine mille In lit this country In which the practice practise 1 of ot incas urine up UI and ore bodies ID Is regularly dono done and tho the Information transmitted to the stockholders except this particular case It I Is of at course courll common enough for tor such uch loose state ni as n that tho the company has him n a car certain tain tam number of It years ara ore supply block blocked od ed out but no specific figures ire lre given en n either as aB to tonnage or op values Huch n R as those thoe just referred to ore are or of little value And Indeed In Inn n oAl onos cocos these optimistic predictions are rarely IrI borne borno out cut outs cuts AH s we wo have havo pointed out many lany times tho the practise ot of measuring up and Ind saiu valuing log ing ore orl reserve reserves ID Iii II on one that should hould ho followed by b every ovey mining company It should be le part parl of ot tho the Information an annually ni annually to the stockholders The Bouth HOlth African taints mines and western wester Australian mines have ha for tor e I rl adopted till thIs practise e This Is I ono one that be followed by American min mining mil ing hl We uVO 1 would olid like Iko to II Hug lug cent geat J RI however that just in 11 s It I Is La con COl necessary to 10 audit tho the urns account so 80 It Il should bo ho con considered COl necessary to 10 audit the tho mans mann manners gets ers nn nit Al lo to Iho the amount of ot otoo ore oo developed d In the mine This Titis should bo Ito he done don by h on tin In engineer who has hl no connection with wih the com coin company tinny pany fAny or o ray holdings of ot stock Mr Mi 11 Turner Is to lo ha iii I on 01 hll und Ild we 1 trust that other minim companies will vIIi wi adopt the Iho prin principle ciple of or an un tumid ore re erv H und and transmitting such mich Information mation porter portel to 10 He ito |
