Show early history of the Glen alllen an outline of 0 the history efston of f the glenallen glenellen Gle nallen mine from rom its early discovery la in the seventies by cook Arc mccune culle cupit and braun shows conclusively that its development ordinates coordinates co geologically with that 0 of all the other big mines of what Is termed te the e east park district shortly following lowing lol the first locations the property passed into the hands ot of wharf whai was at anat ilat earlyce ear early I 1 lyPe period called the co under whose ownership in much c ot of the early production 1 of the property pr 1 was made ae arthe close 01 oa ol main tun il nel had been een cut feet the vein from which or arii had been taken to the amount 0 three thred hundred bundred tons cir acore which to have asay od d 40 t to so 60 pae percent ent lead and 40 I 1 ounces silver silv el says sa 6 the last issue ot of the western MI erol SurveY the third period ot of mine operation I 1 started tn in 1889 when ai a new company and new DOW management backed by a aap capital 1 ti ot took over athe ll 11 and caused the erection ot of a concentrating plant ot at loo tons 1 ca capacity ahja mill milk was completed in was third concentrating plant of the park district operation ot of ta this is milling plant plan t was vai jound found both profitable and feasible records showing that concentrates values of around 25 cen gave ounces silver to the ton wibb with 50 per cent lead and ancl 3 a ton in 9 gold old the reduction was tour four tons into one radically th epame rate that obtains today in the new an and d modernized IGle menn anallen align mill during the year in 1891 the he staci rose irom from march to in august approaching very verv closely the price ot of other tamed bained stocks ot of the period in 1904 continued on page seven HISTORY OF THE GLENALLEN continued from page one property was again taken over tte the rider lease ease and bond and in I 1 1908 08 S ner 15 ato ton mill was wag erected hichi lo 10 ins the nucleus ot of the pret milling plant plan t with entirely new 2 ew i edt ol 01 modern mabl inabin nery erY installed Ina in i departments r following rollo ing various periods ot of op and joi idleness leness and the con littlon littion ot numerous contiguous julius into one property the glen mine finally passed to J B allou niu of the allen alien now president reorganized Gl glenellen glenallen Gle nallen mining co in tie the year cia mr ulen kilen took over the pro kiwit on a bond and lease and im wed mediately edia latelY tely instituted active mining nd ad development operations since out early date in 1918 the Glenal glenellen glenallen Gle nallen lel acquired through purchase the lias has fitzgerald group of claims formerly known as the fast east ontario Oh tarlo has puri cad the old 01 glencoe encoe ground where discovery was made and the lie orr original ginal has rounded out a vast acreage of 0 literl mineralized land by the lur fur acquisition on by purchase of 0 the the alier gardup hardup dp group r p and the ben butler us and ad r comprises today a total if so 30 oil claims at and several fractions actions tr fid an area e estimated sti mated at more than 00 acres t curing mr allus aliens tenure as aa mine na nager covering a period ot of eight 11 he drove the allen alien tunnel a I 1 nee ot of feet placed all un round workings in ng condition and opened the big between clean cut insure re vein lying ol oi diorite dl on its strike tor for eel mr allen alien also continued the byln tunnel in a general westerly rec for or a total ot of feet eu en unter ilIg the quartzite and linie lime intact tact and also the main lody body ot of li marbleized lied lime which contacts with lie e dolorite prop hyry and which two gulfi cant contacts place the glen illen lea in the same category ot of poten all large producers of the park kill the ontario the silver king and all other tamed famed mines i the lie park city district of 0 hib work at the glenallen glenellen Gle nallen mr lien illen modestly says bays both contacts with the lime are mineralized and give assur ance of opening up the main bodies of if carbonate c rb ores with future development immediate 0 plans include dewater ing the vertical ver t leal shaft in the main tunnel now 20 0 feet deep and which I 1 lias has cut t he main vein at and feet below the main tunnel levo level at both of the stations in the shaft we have drifted both east and west on the ore and find it still in place between the diodate walls walla and averaging 5 feet in thickness tor for the entire length of this development sam vies plea from these lower levels show uniformly high values in gold balver and lead in the near future the management sinking this shaft to feet with cross cuts to the dip ol of the vein and cut levels at each succeeding feet in depth this shaft is of san standard dard two com apartment part ment construction with two 4 12 1 2 by 6 5 hoists ample power and machinery are now installed tor for sinking the additional feet in the glenallen glenellen Gle nallen property are u i large number of north and south fissure veins averaging from 3 to 16 feet wide which should be developed as proper property tv eap exp exploration lo ration progresses and ore extraction demands warrant that the glenallen glenellen Gle nallen mine will create an epoch in mining history of the enat east park district Is firmly belle believed ed by all either familiar with the goola geological features feature of the property or associated with the preset management in its exploration Flan acing of this property tor for profitable and continuous operation Is now in the hands of a group of strong men with 3 F Feathe featherstone vi vice ce ent of the company as financial manager the glenallen glenellen Gle nallen has now completed the first phase of its financing ana in this connection mr Feather featherstone gave out the following recent operations were financed through the sale of compensation pensa tion and stock participating notes one of lot the terms governing the note provided that 60 50 per cent of the zi net smelter returns should be paid to the utah savings and trust company trustee tor for the liquidation of this indebtedness of tills this fund 1 has hab been spent on new machinery and the remodeling of the glenallen glenellen Gle nallen mill the balance has been expended tor for mine development and mine machinery the earnings of the to company at the present time are not sufficient to pay operating expenses and set aside 60 50 per cent of the net smelter returns as provided la in the trust agreement owing to the lack of funds tor for this purpose the mine has not yet been sufficiently opened up to supply the new mill with ore for a full 24 hour day run it has only been operated one 8 hour E shift by re timbering the other large slope and de watering shaft the mine output can easily be trip crippled pled the re timbering of the large slope has been completed ant and the tilling filling of 1 the same game with ore is how under way results from the operation of the mill thus tar far obtained indicate conclusively clu that by keeping the mill busy 21 24 hours each day the property will within a years time pay ortall all indebtedness and earn a surplus As aa oller older mines in the state of utah are unable to set aside 60 per cent of their net smelter returns and maintain operations this c could hardly be expected from one just bagi n ing it therefore will become necessary ln order to keep heap the mill in operation to carry on mine development work and provide oro ore reserves well ahead of milling capacity to 0 levy assessments during this period to make up this deficit caused by placing 50 per cent of the net smelter returns in escrow tor for the re redemption demor of the certificates of indebted your officers in financing the property I 1 in a this manner thought it best to complete and test tes t out the nil gaill thoroughly before levying laying ats M so 0 o that stockholders might have first band information as to what they may expect from future operations of the mine tim glen during the past week licit hits has shipped an addition carload of to concentrates to the swelter |