Show r- r MINES AND MINING r. r EDITED DITE Y P. P f. f W. W I NEW YORK HOLDER LIKES UTAH COPPER William B. B Thompson Tells of Ore Reserves That Are Staggering i IS INDUSTRIAL ENTERPRISE ENTERPRISEr r Opening of Bingham and Ely Low-Grade Low Producers fr Marks an au Epoch B. B Thompson has returned t 0 to New York after a 1 visit 1 of three throe weeks s to the properties of the Utah Copper compaq company the Nevada NC ConI Consolidated Con Con- I lm and thc tho Ely Cumberland Cumberland EI properties Mr II Thompson has been hec prominently identified with wIh those companies from tho the start and Is la ono one 4 of the largest Individual stockholders In nil fl three He lie is ia quoted as ns saying t I 1 believe hele e in th the Utah Copper company com corn U. U pony pany we have ha one ont of ot the great copp copper r p mines of ot o the world It I I Is a huge manufacturing proposition and Is not notI I subject to the vicissitudes of tho the average aver aver- r- r age copper coppel mine in that its Is ore hod body lody I is nothing more or 01 I less than a n great mountain mO of it solid sold porphyry carrying between 5 pounds S and 10 40 0 pounds of copper to the ton There I Is no rio danger of an any p vein cin pinching out as we wo have I no vein merely vein merely a n giant quarry in inkA I Ii k A. i which the tho ore Is blasted tons lons at ata a It n time scooped up In steam sho els shovels I sent ent to the th concentrator concentrated d 2 22 32 Into 1 t. and all ni at a mining cost per pr ton which I is infinitesimal i lle-erve Art rc rt Tremendous t When It I comes to talking oro ore rr re reserves re- re r serves Cres tho the figures are ar so large that thata a aman I c moan man who has not visited the property t. t is 5 excusable If he falls fails fals to grasp mp thereal the f. f ron real situation We e have In the Utan Copper property properly tons of or orI I oro ore actually blocked out with I 17 7 miles mies or of tunnels Then rhen we w have ha e tons more of what ma may be designated as demonstrated ore ore but hUl which has hasi i not yet et l been een proved pro d h by actual measurements then we ha have 00 tons of more than probable ore or ora or-a a total In all al of lon tons ton This huge total a averages 1 9 9 per Ier cent COI cop per 4 perThe The mill mt is handling at the present time about tons lons of o ore dally The recovery reco Is about 23 pounds of cop copper pel c. c a n ton Ion but these figures will wi he be brought up to 28 S pounds rounds as soon oon as It is possible ble to ship shil less of the country rock rok capping which at pr present en It J is difficult to discard Our cost cos Is now about 9 c cents a pound of oC copp copper r. r or 09 a ton of or ore Of or co course couIse U as the copper recovery er Is Js Increased the ho co cost t per pound will wIn be bl- reduced r f expect to see sec the cost reto re- re Ilc to 7 i cents a pound within the lie lieI j jJ L J I ext ext yea year I fr lt c f I was greatly pleased with the cc- cc te- te 11 Consolidated 1 at Nevada O Hf and Cumberland Ely In Nevada e ada I If have o in sight i 1 Consolidated we tons of ore which will H average 2 2 fI per pCr cent copper copper in lh iho Ve e ill wl the make mal a 70 per pr cent reco r recovery and cost per pound of copper should be bo bonot not over 8 S cents E By Au August 1 th the J Steptoe Stepto plant should be handling 2000 hp tons of ore dally daily from Nevada Consolidated Cuni Consolidated Con Cun- 1 I and Cumberland ElyThe Ely i The TIle Nevada Consolidated or ores 8 will wi concentrate anywhere from rom 8 S to 12 V El EI Ely from fromI 4 I the tho Cumberland into Inlo one Com to 10 into 1 Cumb Cumberland rland EI Ely ha has tons blocked out cut that will willS 1 S run 31 I 1 per cent In iii the mine and from which the lie recovery reco will wi be he at 1 least T 7 75 per ier cent Aggressive development dp l 11 is now in progress re in tho the Cumberland J EI Ely Nevada Nevala Xe ada Consolidated ought to b be of ore to toy tonn sending n a regular e. e this time Cumberland Cumberland Cum Cain y tho the concentrator by hp berland Ely Bly should be bo shipping a V regular tonnage e by the lr first t o of June I The first section of or the he concentrator I started off like Iw clockwork and without a n hitch of an any character Marks I rl Epoch In iii Co Copper P p 1 The successful treatment of ot these I low Jaw grade ores on a lar large e scale Melc and anti at ata ata nt a cost COH of or anywhere from 7 to S Scent cents f Is destined desI destined des des- a it pound of copper produced I tined lined to mark an epoch In the copper Industry The properties can cn be he her r operated at an any price at which copper will wi ever er e sell sel eli and anti con can n show a n aery nen very ery L i. earning capacity even on onI substantial en c r H many mam which figure ure J I l 12 cent popper copper opp r. r at mines would have o ha to con consider i cr the question quest ques ques- t 1 tion Uon of or closing down entirely tons tom have in iii reserve millions of or I. I We e c of ore an and we shall proceed to expand our operations as fast as ns It is possible oper lons a Int in- in with every eIT to do so o. o Of course w h able to c in our OU tonnage we we are arc i.- i. cro t reduce the thC cost coH per unit of output Wo We have ha men of o unexcelled ability In charge e of or our mining an and operations men men who can be counted results at nt to pro produce uco maximum upon above aho abovementioned The properties minimum costs at the tho threshold mentioned are Just I of their career anti and I can see e nothing of their lr ln achieving a magnificent mag mag- in iii the thea a way tH success s |