Show MINES AND MINING EDITED BY F. F W. W SPRAGUE CACTUS MINE MAKES PROFIT IN OFF YEAR Shows Fair Earnings Doing Only Development Part of Time LOWER LEVELS LOOK GOOD Ore Maintains Average Grade of Mine at G ca test Depth I. I Reached hou e o Mines arid and for Ctr forthe the tho year year ending June 30 30 1008 1908 ma made mad madea e en n a net profit prot 0 of oC 19 according to the tho annual report just issued b by President Samuel muel During tho the year on August 31 31 1907 07 th the company compan paid a a dividend of oC This came of oC course course from Crom previous earnings when the price of or the metal mela was vas higher there having been In the treasury June 30 1907 a balance o or of Dc Deducting the bond hand Interest for the last year ear the I treasury balance Is I During the year there was mined tons of or ore of or which 16 tons was vas wa miln milling ore and tons tons' was smelting ore The hc average per month was 1 tons lons the average per day day 84 tons toils I The Tue mill mi produced tons tons' o of oC concentrates The Tho he ratio rato of concentration concen concen- was SG 86 tons of or ore to one oi or of The Tho metallic contents produced included ounces oi or of old gold j 86 ounces o of silver siver and pounds of oC copper flue Tho cost or of f production on board bord cars was i After ed gold Sold and ant Aler silver values 59 1190 Or 01 or cents per pound of or copper Railway Hallway freight rei ht on ore and concentrates Smelting and refining charges chares Or Oi a t cost of or cents cents' making a total cost of or 1050 cents per POl pound copper Of development at the company's com corn pany's Cactus mine Mr MI Newhouse says r Jlou- Jlou llo Is net Dc eloped main The rhe mine Is opened by a Iho feet deep ep from rom roni w which ich arc extended six levels els e approximately lUll ion I feet apart the sixth level le el connecting of a crosscut cross with wih the surface b by means I cut tunnel feet long through through which all al oro ore Is passed ast d to the thc crusher house Below the foot ROO-foot Coot fOO-Coot level Is Isan Isan isan an Incline shaft jn folo following dip clip ll of the vein sunk gunk to a depth of oC 31 G fe feet feel t. t from which Is opened the seventh eighth and ninth levels J The fhe development shows hows ore are from surface to a depth of feet The Thc equipment i is modern In every respect l. l Underground the workIngs workIngs work- work Ings ate are planned so that liat advantage Is is taken ot of gravity lo to the thc fullest cx- cx tent tent In moving mo the oro front from rom the slopes sCopes to tho mill rl Tho principal ore body hody of the mine mule now opened to the depth above c abovementioned abovementioned mentioned extends for or a length of or 7 71 M feet at M tie te o surface and arid varies In width from 90 DO to feet fed between al walls No 2 ore body has been heen I opened feet In len length th and ant shows hows a u width of oC feet between walls wals Th There rc has been blocked during tho the past lat year yeal on the an and foot levels a greater grealer tonna tonnage e of ore I than has been extracted from rom the thc levels above and milled during last I f fiscal cal year At t tho greatest depth so far reached our oro ore maintains the av- av grade rade of or the mine mino It H is proposed proposed pro pro- posed to continue development work actively ely ct in tho the near future upon the fOO oo SOO and fooL foot levels level Itis It Itis I is our outS policy to lo continue blocking ore orewell l' l well l In advance of or the demands of oC the mill mi New Grade High Opened General Manager Lafayette Hanchett's Han- Han chott's chett's report sa says s 's that during the thear year ar 2011 feet of drifts and cro cross cross- juts cutt were driven In ore feet o of were driven in ore 16 feet feeL r n nf Incline shaft was In ore On the foot level a l body lOdy ty ot of smelting oro ore was vas disclosed In the No O crosscut crosscut cross cross- cut as the same approached the north wall wal of or the vein This ore oro averaged 18 is 18 per cent copper on the tho sill sili si floor foor Its greatest l width was at 30 feet Us Its Is greatest length 50 BO feet being aur- aur ur- ur round d t on all al sides by hish- hish high grade milling ore This same bo body y of or smelting melUn oro ore has ha been found to cx- cx tend from this point downward through both tho the GOO OO and foot GOO levels Ah Ati shaft has been sunk from tho foot GOO level Ic station staton to to a depth depth of or f f feet eL Opening arc are the 00 SOO and ant I foot levels This shaft and anti the lc lev- lev mentioned cover the most important tant lant development carried forward during the tho year The he ore oro bo body y shows iL a i width of feet on the foot OO I level and about idO feet on the foot root level Vork Work proceeded with wih a full ful force Coree o of men until October 11 1 11 1907 1007 when shen because of or our inability to market copper it IL was reduced to about ten per cent normal only the sinking the shaft han and the lie development of the I foot oot level being continued On DC De- cember 1 this force was increased Increase to toO toRO RO 50 O per cent of or normal raising gradually grad grad- since to o about 70 per cent In In- In in activity and tho the curtailment brought the output of or the mine for the period covered b by our year rear below average Prepa Prepared ted for nl Big l Production Development shows hows that with In Increasing Increasing In- In creasing depth the character of or th thoro the oro chan changes es somewhat requiring I liner grinding in the milling and to meet this condition we wo are aro installing two huntington mills mit and 20 O John Johnson on tablet tables It I Is our Intention after aCer some further further further fur fur- I ther development from the Incline I shaft hat to locate lucate a main hoisting hoisting- shaft hal haland and equip same samo with wih heavy hoisting plant to take talie care of of the movement mo ement of or orore ore from below tunnel level The Thc property is I In excellent I h sl cal cl condition prepared t to supply ore oreto oreto oreto to the full ruB capacity of or the tile mill mi For Improvements an and a additions to I machinery there was expended ed 19 These hese Included the new electric electric elec elec- nc power plant and mine an and mill equipment equipment mi Balance sheet heet as o of June 30 30 1908 1008 ush shows hows Assets Assets- Property original cost Devel De cl June Junc 30 30 1007 1907 Added A det during year ear Sinking fund bond bon purchased purchased pur pur- chased 0 Office furniture 1 G Hi f Inv mv copper gold old sl sliver silver er Mule Mine lne and mill mi supply Treasury Treasur stock 1 i insurance 1089 1080 Sundry debtors 1612 I S. S P P. L. L A. A tc S. S L. L ad adv ads f Cash Total ota I. I j 7 SO 6 0 Liabilities Liabilities- Stock at 10 share First mortgage 6 per cent bonds Adv Ads Ad from U. U M. M r. r Sell Sell 1 G Accounts pa payable ablo Sundry creditors 11 6 S ne lies Res for Gen Geri profit un and Ios lose los GO Total 1 k J |