Inter-Mountain Republican | 1909-01-17 | Page 27 | May Build Mill to Treat Molybdenum

i I MAY BUILD r MILL TO TOi i I TREAT MOlY MOLYBDENUM DENU t i Rainbow R Company Reports Good Showing in ill Alta Group At the tho annual nicotine meeting of ot to Jer J- J e er era ns of or the tho Rainbow Mining company l bold iolI In Jim this city tIme the following directors t tors ori were elected for tOI the ensuing your cu 1 A A. F. F Jacobson 11 n. J. J Jarvis W. W L. L Sawyer Sawyer Saw Saw- y yer er George Georgo Saxton and Ernest II Fow Fow- l ler om- om rime Tho annual report of ot Manager nna r Jarvis Jar Jar- I v vis ia was gratifying to tho the c ers rA rs The Time tunnel which has been advancing ad All I v steadily since sinco work worl was trims be begun hOI hO- hO gun last spring has now cut the o b earing vein nt at a depth of 25 f f f. from ruin the tho surface and amid a a. large largo body bod ul ui I i hl grado h molybdenum ore oro has lias b bri n ex exposed 08 d. d Thu This Is h much richer than t. t the h s surface or ore ore although tho tue ore ut at tit lit s averaged 17 per cent mill mol h h. h i Tho company will H v Greet erect a small experimental mill at tin tin- mimmo during luning the tho coming year to 0 tr trat ut i Its ts molybdenum oro ore The rime financial statement showed shoved tin tilt it greater part of or the tho orl original treasury stock to bo ho yet ct held In the comparing treasury with no debts to Impede pelle fh future futuro progress of the Iho company Till Thir was WIlS considered gratifying as aa the work went forward during the tue year wh when IJ funds have been beau hard t t. t t. t obtain n for developing new properties s. s the Tho company's claim are aro near Alta ita ill Lb-ill and give promise of or becoming ono one of or the big mines In that district