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Show Operators Opening Open-ing New Territory at Yankee May Ore Production Surpasses Any Month In 1933. A new tunnel is being driven at the Yankee Mines property in American Fork canyon which will cut some new ground to the south of the present pres-ent workings and which is expected to open up new ore bodies on the 1 property. Recently a geophysical survey was conducted at the property, located in American Fork canyon, and as a result re-sult development work in the southern south-ern end of the Alta ore zone has been augmented somewhat and the program revised. i The holdings of the company consists con-sists of 222 acres of patented and 125 ' i acres of unpatented mining claims, I located -at the head of Mary Ellen Gulch, a branch of American Fork canyon and situated in Utah county approximately 50 miles southeast of I Salt Lake City. In addition to the Live Yankee group, which comprised the original holding, there have been added the Belorophan, Powers and Silver Wave groups. The year 1930 was spent in development and construction; con-struction; production was inaugurated inaugur-ated early in 1931 and about the middle mid-dle of that year it was stopped to construct an aerial tramway which was completed near the end of that year. The property, as now equipped, consists of a main haulage level, whose portal is the upper terminal of the aerial tramway which extends ex-tends in a straight line, 4 1-4 miles to the lower terminal at Deer Creek in American Fork canyon. From this point ore is trucked 12 miles to the railroad at Pleasant Grove, from which point it is shipped to the Gar-' field plant of the American Smelting & Refining company for treatment. Current assets are listed as $7,-492.59, $7,-492.59, and liabilities of $5,942.43, exclusive ex-clusive of an advance of $26,168.19 .from the American Smelting & Re-! Re-! fining company. I Production at the mine during ' May totaled 27 cars or approximately 1 1,400 tons. The ore carries mostly gold with a silver copper content. The ore is said to run from $8 to $30 per ton averaging better than $10.00. Shipments have been curtailed cur-tailed some during June due to the caving of an ore stope and the driving driv-ing of the new tunnel but it is expected ex-pected that shipments will be re- sumed on a normal schedule in the very near future. L O |