Show Hecla Spends Over Two Million in Mayflower Mine PARK CITY CITY- CITY The Hecla heels Mining Co spent 0 on its Mayflower lead lead- zinc silver project in Utah's Park City mining district during 1902 1962 it was reported by the firm L L. J Randall president said eaid that of ot this amount 1111 was waa spent In extensive mine development devel development of ot the Mayflower under the agreement signed earlier between be be- between tween Hecla and New Mew Park Min Mm MinIng Mining ing Co Also AlIO Recta Hecla pu put its ton a. tona day mill into operation on a I three shift basis at the Mayflower er Sr The mill mW cost cort 69 1 feels Hecla will be able to recover I fully the expenditure I IOn on mine development following which any n net t 4 tita will win be I I i divided equally between New New- Park and heels Hecla the annual report I I states I However in any calendar year leU Now Parks Park's Akre of ot the te 4 if led lev th thane n. n OO 09 Recta Hecla will pay py New p part r the 1 difference e. e This difference can ca 1 i I be ba recovered recovered later by Hecla Heels Also Hecla gets to deduct depreciation de do predation on the mill Of Ol the total expended in 1963 at the Mayflower Mine Heels Hecla charged to current expense ex ex- expense pense Mr Randall explained The firm said that ore at the Mayflower were tons v versus tons Jan 1 J. J 1962 The firm did dla not place any any value alue on these reserves At the Big Indian uranium district die dis neela's Heelas share of ot production Uon from tOm the Radon was tons tone t Ia of ot uranium ore as essaying assaying 07 per Uli per 6 cen cent The Radon baa hae tons of ot ore remaining h in the ground The Rot Hot HoRock Rock properties produced produced produced pro 1259 tons ona of ot ore assaying per cent of ot which Hecla Lisda has a one Interest The firm will ill continue development work worle in the Hot no Rock during 1963 Expenditures At the Mayflower affected Hera's Heras H net for tOI ljj 1983 1962 J Tl The ne net bt was wa was or Of 6 66 60 c t. t sa 8 a ashare share hue com compared with or a share are 1 in 1951 1901 S t l rG v. v r 1 |