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Show I ' j ', . GEMINI-KEYSTONE MINING CO. , , i 1 1! npHE history of the Gemini-Keystone Mining I m company of Tintic during the last year is IB chiefly a record of mineral discoveries punctuat- " f H ed at intervals by dividends. nu ( ill Like wine the Gemini seems to improve with V j O age. It is even more productive now than in ",' t iff the "good old days" they like to tell about when I jf fortunes were coming from just under the grass- ' M roots and Tintic was beginning to roll up its hun- 1 1 dred and fifty million dollar shipping record. 1 Some few of the millions have come out of 1 lg the Gemini shaft. Its dividends alone total more l'l K than $2,000,000 and one must allow a million or '""''( mm wo for Perating expenses, making the output ' , ', '- H three or four million. 'M B- No one can say Psively of course, how 'b Hi Bb many millions more lie concealed in the com- 'i'l pany's seventy-eight acres, but to all appear- rl SB ances production can be continued indefinitely. u Bl Tlie Gemm has just declared its third dividend f 91 for the year a little matter of $6 per share. i ma Tho two previous dividends were for $5 each. I ! Thus the stockholders will get $16 a share for F ; I mm 1916. The capitalization of the company is 5,000 ' mi shares, so the total of dividends for the year I WW is $80,000. Since its organization $2,435,000 has mm been distributed in this manner. ( mk Under the system adopted by the company IIP the earnings from the mine are divided auto- i l matically with the men who mine the ore. In the last year approximately one hundred lessees Ijp operated in different parts of Ihe Gemini and fH they, like the company, have profited from the lib- ;J aff erality of the mine and the high prices for met- m mm als m mm. ne of ie JmPrnt strikes of the year was t 1 11 made in the summer by Victor Carlson and Her- M 3 mm man Backman, lessees. They bad worked but a ' -3 'mW short time on the 1,400-foot level when they broke ' mm n' nigh-grade silver ore. In three weeks they Ha took out a shipment valued at nearly $14,000. A I HI part of the ore was so rich that the men took no chances on shipping it by freight, but sent it to tho smelter by express. The second carload car-load from the same orebody went almost as high as the first, averaging 500 ounces in silver, 10 per cent lead, 3.6 per cent copper and .12 ounce gold. This picture rock comes in pipes, or lenses, of limited size, but which are usually surrounded by larger bodies of less valuable ore. The lenses in the Carlson & Backman lease made off into virgin ground, thus pointing tho way to depositions depo-sitions of mineral of which there was no prior evidence. Other new ore bodies of less sensational character char-acter were found from time to time during the year, the latest discovery occurring on the 1,000-foot 1,000-foot level. Up to the first of December the drift had been run in ore for eighty feet and there was enough of the high-grade in sight to insure many thousands of dollars for the lessees, Lee Thorne and associates, who made the strike. The output of the Gemini for the year has averaged av-eraged about 2,000 tons per month. Large as this tonnage appears it would have been much larger if the smelter congestion had not forced the curtailment cur-tailment of shipments. Considerable development work Is being done by tho company under the direction of the manager, man-ager, Jackson M. McChrystal, between the 800 and the 1,600-foot levels, which will probably make some more history for the Gemini in 1917. llH mmWmmmWmmmmmSmmMmBmmWmmmWf MlsHgSi' t U j MILL OF THE BIG FOUR EXPLORATION COMPANY WITH STOCK PILE 1 |