Show SA I 1 MINES M I 1 NE S A AND N D M MINING I 1 nal nfl NG I 1 tf if daly judge report through the cou ilcy of the management tile the record was furnished a copy ot annual report of til tha daly judge mining cuni eater et erdL du a portion of which we herewith submit to our readers ri aders in liis his report of beneral manager GW Lam bourrie says the char character acte of the operations duri during 11 the p past it year is by the increase in the cash surplus your company began the he year with available balance an hand blosl closing iia the period with iti 55 a net gain of after the payment of the dividend the surplus earned last year in interest tile the sum of or considerably in excess excels of the annual dra nage expense our present draina drainage c facilities ate aie equal to expectations and levels can be driven in any and all directions and to any depth desired without the danger of de ve as in the past dangerous or excessive ilow how of water the extension of the Ontario drain tunnel is so far advanced that crosscutting eross cutting can begin from tho shaft on the 2500 level at any time dashed dezii ed one once 0 that depth is gained or from frolli the tunnel itself an ore contract was vias negotiated last year with the international smelting smelling Sm elting and refining kemming 0 company which gives the daly judge J company better smelting smelling sm elting 1 terras terms than have ever been enjoyed before this conr contract act is on in a tonnage basis and will run for several years e en if the annual production exceeds that of last year mater bally itally there have been so many unfavorable circumstances existing existing 1 in in zinc smelting smelling sm elting industry of af la late i e to the serious handicapping of the producer pro duier dULer that since last october we havio have been unable to dispose ol oi our oar zinc to advantage ane which time zinc liane ha e been stored near the mill for future disposal on january jannary 1st there revere were about 1136 tons of these ed valued at ai which under more moie favorable conditions would lave 1 ave been last year increasing ou on to that extent many ol 01 the alie objectionable features ol of tile the zinc smelting smelling sm elting industry are being remedied rellI Clied however and your management feels sanguine that adequate facilities soon can be secured to eliminate ellul inal le any possible future litigation with wilh tile thy owners of the property along the creek 1 canning dairying the lue bailin tailings 0 6 from the daly judge daly vest and silver king coalition mills an arrangement ran gement lias has been perfected between beten these three organizations by chilli 0 oer er seven hundred acres es of land were purchased for im pur purposes purpose posu the file water is is to be rc conveyed to the hie creek atter after settling nr 1 thereby eliminating any possibility of trouble with the lar lanneis lanu weis eis and providing for tile accumulation of if the tat tailings fl engh which vii ieli may at some future date be an asset accompanying this report I 1 is s a nap map showing a vertical arc i daly fissure which is for the purpose of illustrating the history of its production ill in it its trend to the southwest through the ontario daly baly and daly vast st mines milies showing the extent oc OL the ore deposits and au d tile the toping 1 which are indicated by lle ling this vein has been already inthe in the daly judge hr for a distance og 0 over 2 feet and with witha a comparatively small anio amount urit of sloping dune done to date surface indications lead us to belief that blat this ibis vein extends throughout tile the daly judge property for its entire len lenth length th a distance of about feet filae into the ground of mining and tunnel company beyond this is the most important of tile several ore producing veins so far demonstrated tile the mine and mill juill conditions will be found fully treated for your information in tile the enclosed report of superintendent in elos clos ng I 1 wish to say that since the issuance of the circular statement of november 1 1911 your company has exceeded the th c mont monthly lily dividend requirements requirement S without difficulty mine conditions general superintendent 1 K T mas n gives a 1 detailed report of the worx dona on the various levels and veins oi of this great property and toe amount of nel new work done in tile the way oi of drifts raises etc and the cliar character acter ut or ground encountered and the amount and character oi of oil ore extracted at different places lie ile fuetter fur furt tier ter reports that tile the leasen produced 2601 tons of shipping ore and opened two which anere ere profitably mined tor for a time by the company the suni summary mary shows tile the total anici atit of prospecting and exploratory plura tury work draing tile the year fret feet total production production tons lun j milling ore tun tow of si snipping lipping ore work of the mill tue tile will mill ti treated ta tuns auns of ole oi e city weight from which az ja awis OL 01 iced coneeny cone enn tuc and tons of zinc were vere anatie cubill oui ou i orated ta jl tolls ion 01 cibau ury ore dilo one toll ion of lead a ua all combined 32 3 tons ano cinney wele installed during tin tile car tr one J n u lo 10 0 t treat reat the tible table feed and one 0 n to t icat tile tins equi equips pil ent enc i a en classi classified fica fead for tile tiie tabled baules ic in a closer saving and a rejection from tile the first tables 0 A higher grade zinc product 1 r being beirle made the zinc tallies table where a iu 30 per cent product wi formerly fona erly made it is now possible to make a 10 40 per cent to a 4 io per cent product puriri during aso 0 vember and december two shifts were employed at tile the mill one shift during J january andary and again two be beginning brining pr ining betiru 1 ary 1 in concluding hib report superintendent in mason reports tile outlook ery cry encouraging for a good year in 1912 financial statement balance on hand january 1 luil from ore sales during 0 the year 1 interest earned on surplus cotil receipts expenditures mine account mill account 49 2 prospecting ail and cl dead work luciy ore cx pease construction surveying and engineering in general expense 8 property purchase chase dividend no 3 45 W total expenditures 66 leaving a balance cash on hand january 1 1912 of this healthy surplus js s loaned out on interest and is in the banks subject to check the excess elcess in receipts over the disbursements for the year 1911 was it a showing that should prove exceedingly gratifying to tile the fortunate stockholders ane king con reports front from the kin con are etie ouia aging ang though thou ii nothing de to finate can bo be learned regarding tile the reported strike th the e salt halt lake papers tile the first of the bekk wet k contained tile the following word came down from Park paricity City yesterday that a strike which has all the caramai earmarks hs of developing in into something or of importance has just been made in tile the silver kin lung consolidated the report is ore running around 40 to 50 30 a ton iras has been encountered in a new about feet southwesterly from the main working m on the 1550 level this is still further westerly titan than the spiro spitfire and ida may alay up iii ties all of which show ore lt it is being sunk from the sam same e level from which they g go 0 up the is said to be down twenty to thit thirty y feet and has showed ore all the way down monday ni night bijl the wen iven broke into a body of 50 ore which promises to open out into inlo a snoot of considerable importance this wine is probably feit west of where tile the parsons and the other large ore channels converge in the silver kirr consolidated consolidate Consoli dat ed territory the local office was vas called up and asked regarding the reported strike it nas as admitted that such a wince was being sunk t that 1 a td so some c 0 c had been encountered t r but t that hat sufficient work had not act ye been performed tu to justify giving givin I 1 out any details it vas adint admitted ted however that conditions a ai tile the mino mine generally never before were quite as good as they are today the thompson quincy tuesday last the stock block in thu the above coni company pany experienced quite a set back it 0 from 01 0 ol to 36 cents and to date it has not recovered though reports from tile the property are quite encouraging cou raging the cause ol of the ole decline clin e was on account of tile the 01 e in the upraise pinch inglut gout an and d the de tile the part of the speculators tors in the stock who around 30 cents to cut cui off a little profit offie offic as of tile file company were out oat the first of the week and upon their return to tile the fity city they gave out the following to th the e conditions are very flattering at thompson 1011 quincy but nothing to warrant getting gelling excited over is about the way frank J barth president of the company put it yesterday CSt erday after his return from park city where in connection with 11 II C wood lie he made a careful inspection of the min hinr however lie found a foot of ore chich will net the company at least a ton and if it maintains as it lias has plaited out it will cover all op crat on oil expense recording according 1 tu to kr air the raise is ik up feet and they are now cutting a at that level ile he said when this is completed tibey will continue to raise un on tile the fissure going east they have follow followed cd tile the ore twenty feet when it was first struck the high grade was only eight inches wide now it is f fifteen if teen feet in the face going east cast it averages twelve to eighteen inches it is a very high grade lead carbonate ore this is in tile the quartzite quail quatt zite but we do not expect to make a mine laine until we nye have reached fetched the alie time lime however it is a very strong fissure all ue tle adge 1 dge matter carries values judin jud judging in 0 from tile the results of the drill holes in the ings we should be in the lime contact by this time unless tile the ground lias has faulted or there is a roll this matter should be do de term ned by april 1 anyway tile the station is being i cut feet west N et of where the lie drills were wen sent town down from the level south in quincy tile the drills drill reached to the 1360 1 level this would be even with tile lie new st station which s about 1350 feet feel from vie tie surface sur surl fave ace the drills passed through til rough the lime into tile quartzite juart zite at that that point they also it pro ed cd that there wa was an ore body in that territory was here out ou business ernest Bair ba luberger iberger of tile dal daly y west was in tile park a couple of dass da is this iverc consulting in 0 his subordinates and attending 0 to business matters connected with the big property lie he re rc pres rits lie ile had nothing tu to give e out for publication at ti this is time lurther further than that thins were moving along satisfactorily and that good news may be soon forthcoming at the hall group few are aware of the fact that AI M 0 hall who controls eighteen patented cla claims illis up jn in thadies Thai ies canyon have had j three men at work all winter driving a within the past two weeks the formation hp has cluin changed 0 ged and the indications are that tile the ledge 0 is noi nit far dis tint mr hall like ninny many others alo w b 0 are familiar with that see tion of country believes believe that vast bodies ef cf ore exist there and the day will come when many paying mines will be in op operation cration in that portion oi of the alic district working in the face general Ali manager nager G W lambourne of the daly judge was in in the park thursday of this week and visited the property of which lie he is in charge he was pleased with existing conditions and reported that ahe usual tonnage Ion naffe 0 of we oe o e was being extracted with promising prospects in new territory recently opened up mr continued on pagie page 5 MINES AND MINING afra i continued from page one limbourne reported abat work was again resumed in the face of 01 fie t e snake creek tunnel aud makit from now on rapid was expected to lo b be made in dr driving r the big bre be re the big piece of cement voik to hold back thelong streich ch of running aund is is complete and a tine fine piece of work it i is s too work will be pashed pi bashed sied with wita all possible s speed peed from now n and with no mishaps mishaps feet will be wade made toward tile the point every thirty days new york bonanza thursday was delinquent day for the new york bonanza with comparatively few who failed to pay the last assessment the stock more than carried the two cent levy selling for 5 12 1 2 cents yesterday conditions are decidedly encouraging again 0 on the level and ore is being raised to tile the surface owing to talc immense amount of snow of tile the past ten days tile the roads are ill impassable and hauling to the sampler is out of the question for a time at least ast no assessment the directors of the thonia son quincy held a lay day evening in salt lake alineri ind decided not to levy an Ss as ses this will be good news for tha th stockholders and tile the hope is that ore will open up in such abundance in the mine that such action will never be necessary the old daly rumors are still persistent that wuk wok will soon commence on oil we toe old taly daly t aly and jolin john thomson tile hie well known former master ino elianic of the daly judge is reported to have been ena en engaged a ed to move tile the machinery fro from ani the old no 3 hoist of the ontario and install it at tile the no 2 daly tile the record man called up salt lake to verify this report but could get no satisfaction either oue one way or the other regarding re gardin the truth of the minor it if is is reasonably certain however that something is in the wind aud and in all probability by tile the first of next month men will be at work getting things in readiness to resume work borki at this old producer pr oder c and such a man as col wall a as the amov moving in spirit developments well be prosecuted on a urge scale and tile the famous old daly soon placed in the limo lime light as another wealth producer of oe park city it is said on good authority that the reason why col wall lias has done nothing since paying for control of tile the property is tile the fact that the formal transfer of the stock would not be made until the of this month which if such be the case would account for the apparent indifference of those mostly interested tile the isali is close at land hand however and it is quite likely that old daly affairs will move quite rapidly from now on the record hopes so ho for tile the resumption of work kit if this property will mean much for our good old camp gone to salt lake peter superintendent of tile the Tn ompson quincy amcy was union among tile outgoing jasben I 1 gers yesterday fur salt lake whore where lie he will spend a day or two un on private business the gentleman gintle man had nothing new to regarding tile the property above mentioned shipments silver king daly jude jud J T e lOt 3 JULL daly west 10 bell total there are ane some defects in the vagrant law that should be remedied when the next legislature meets if a man is able to loaf he has a right to do when lie he is is not able todo it yet spends ills his time in idleness lie he is a menace to society every 1 local enterprise should have tile the hear hearty t y cooperation of every lo 10 loyal val citizen |