Show I Mines and eind Mining Stocks lION IRON BLOSSOMS BLOSSOM'S l if GREAT REPORT I Shows Cash on I Hand After Paying i in Dividends in 1911 91 1 Showing in a distribution of or in tn dividends during the past year ear 1 n a grand Brand total of t with In cash still on hand and sales of at ore are In 1911 totaling the following annual report Just released on Iron Blossom Blosom now flOW one of ot Tintic's great creat mines surpasses in excellence an any re report ro- ro port ever before Issued by the compan corn cora pan pany Provo Utah Decem December er 2 1911 To the Stockholders Iron Blossom ConS Con- Con S Mining CompanY Compan The ro reports heroin herein submitted were duly duh approved b by unanimous yO vote voto to of or orthe the stock represented at the regular annual stockholders stockholders' meeting December Decem- Decem ber 2 1911 JESSE KNIGHT President f 1 Report In this report as heretofore we vo will discuss the properties as shafts Nos 1 and 3 anin In our last report we had just discovered discovered dis dis- dis covered ered a cave from the No work work- workIngs workIngs Ings and we WO e anticipated that the walls of ot the cavo cave would probably represent the outlines of ot an ore body on lower levels This has proven to be the case and wo we have continued our development work on tho the level under the cavo cave the entire length and nd have driven crosscuts and sloped the ore In a different differ differ- different ent places sufficiently to be able to satisfy ourselves that we ve have discovered discovered discovered dis dis- covered one of oC the largest larest ore bodies that h has yet vet been boen encountered on n the east eat side side ot of Godiva mountain This ore channel has been followed through connected with the workings at atthe atthe the No 1 shaft hatt showing a 3 continuous ore bod body the entire length of ot tho the property property prop prop- ert erty and one that will easily be worked as there are raises and sill sets in place nearly the entire distance Doubtless Doubtless Doubt Doubt- less Jess most of or the stockholders have observed ob observed ob- ob served that this property has been one of or the largest lar shippers In the Tintic district and as you will note noto from Crom 1 cost statement submitted herewith the expense of ot mining and development work ork is probably the most economical In jn tho the district The ore are reserves are aro well weIl blocked out and Jt t Is a source of much satisfaction satis satis- faction to note that there Is a splendid quantity of or shipping ore In sight fht The development work worle from Crom the No 1 I shaft south couth of ot the level leel has recently exposed exposed exposed ex ex- ex- ex posed ore In several new places and lias has also followed the ore t to the end JInes lines of ot this property and It has now passed into what Is known as Dra Dragon on Consolidated d ground The bulk buIlt of ot theore the theore theore ore Is siliceous but a number of ot slopes are arc producing a good grade rade of ot lead and copper ores Considerable prospect work york has been done in tn the various levels lev lev- els and we e are arc hopeful that deep ore bodies will be encountered as indications Indications indications indica Indica- from work york done are encouraging We have done 1644 feet of diamond drill cutting cross-cutting on the 1900 level le which disclosed several veins carr carrying In values but not of or a shipping grade gradt The drill work ork has not been as satisfactory satis satis- factor factory as we had anticipated and anel for that reason was discontinued In th the suture future It will no doubt be the policy to run drifts In preference to drill 1 work The drift run from the No 3 shaft shat shafton t ton on the level evel has bas been watched with considerable Interest as as' It was ws driven driver I under tinder the ores found beneath the cave This drift has proven pro that the ores ex ox extend extend ex- ex tend to the level but the grade h is not as good as on the level ant and I does not appear to be as strong but with 1 the showing made from this work worl Jt It strengthens the belief that there 1 will be considerable ore between th the BOO oo and levels taken from this thir drift Mill It Is still our opinion that a great deal of ot the Iron Blossom ores should be milled and we are still hopeful 1 that someone understanding this business busi busl- ness floss thoroughly will undertake this proposition It appears to be a splendid did field as there is scarcely a mine mIn r In the entire district that would no not I. I furnish a a. considerable tonna tonnage e of ot millIng mill mill- Ing ore which It ft is not profitable to ship un under er existing smelting rates We c feel feci that tho Iron Dlo Blossom som property prop erty is ir In i a healthful and promising condition and In our lur jull Judgment ment will will prove plO a profitable Investment In to tho stockholders It is our policy tu ru continue con con- Continue to carr carry a good cash reserve and to prosecute development dC work vigorously vigorously vigor vigor- yet economically Vc c feel cel In a a measure that we are arc greatly favored in tho the Tintic district through having ln a C very desirable class of at labor tire labor tho men being on the tiLe holo honest Industrious and temperate antI and In fact home-building home citizens Strikes are vor vory limited In this district and wo 0 hope to be able to work together for each others other's interests Report Detailed operating reports follow tollow lOOT G L' L No o. o 1 Drifts 31 6 Crosscut Ital 1 es ts Total for tor year Previous iO I Tot Total III oita Xu No 3 workings workings- Shafts 1 1200 00 Drifts Cro Crosscuts cuts a ile- ile WO L Total for or 1 r Previous footage Total 1413 fAt total L I r r. r n 1 WW ORE OKE PRODUCTION n ari N. N No 1 workings t I Ton Tona Moist weight t Moisture 9 4 n Nr r cent Dry I AL TS AT A. per ton Ounces Gold 2409 11 61 Pounds Per cent Copper H i Lead OH VALUES ES Gross or rr per ton Smelting freight and sampling or per ton Net 1 f or per ton ORE ORB PRODUCTION No Xo 3 I working working- Tons Moist weight Moisture per cent 16 I Dry weight METAL CO CONTEXTS TS AT Ar per por r. r ton ton- Ounces Ounce Ounces Gold 3 Silver round Per cen cent t. t Lead S. Gross l. l 1 or r 7 per ton Smelting sampling and freight 65 or H I per r ton too tonet Net et or per ton TIO i Xo So 1 I work loco Or Ore coat P r Pe Supplies J Lumber and timber Power Air Ir Payroll G General office 6 Diamond drill V Totals 2 Dragon Dragon credit credit 2 32 Per ler ton D s Sloping 49 OJ 19 i I Hoisting 3 t I Surface surree ts 67 I Surveying and assaying 07 I General expense e i WO- WO Accident f Los 1032 Total ore re cost 2743 74 Exploring 65 53 3 Total opera operating tinS tinS' cost Coat 13 1 No Xo 3 S workings workings- Ore cost P I Supplies 30 IT Lumber r and timber Blacksmith Power Air All Wa Water ter Payroll k 1 General office Totals 1183 iG s 33 t Water sales SAlts 2112 93 69 SI 33 Cot Coat n. n I.- I. Development 3 1 o S 2178 I 12 S hoisting 1 31 I Surface i 13 0 43 lr 17 Surveying and assaying General expense 4 9 Pumps nips Total ore cost Exploring Total operating cost cot PLANT ACCOO ACCOUNT T. T No Xo 1 workIngs working per r too ton 1075 IO 09 9 r s l isi SI COS umber and timber MS 15 00 OO Air Ir Jr I PAYtOn office 19 n 01 ois 03 Bull ln l land and fixtures fixtures' s' s so 0 Oar CarPI ars and tracks tracks rIpe pipe lines 9 Ois Shift bait and tunnels tunnel 02 No Ko 3 S workings workings- Supplies WO O umber Lumber and timber O Blacksmith ro Air Lir Payroll General Gentral office 12 03 buildings nul and fixtures fixture 3 1014 lars Cars and nd tracks track pipe lines Ihus Cj ci 01 and tunnels j It 3 00 J. J W WM K KNIGHT IG T Manager The Thc The foregoing operating costs sent In the first schedule of or each ach tho the comm commod Jt ity consumed and In 10 the second of ot each uch the purpose of or the consumption or the accounts account to which the consumption Is charge charge- able TREASURERS TREASURER'S STATE STATEMENT IE T. T Dec Uee 1 I 1510 1150 to D Dee Dec 1 1 ISil 1111 n Ite Balance Dec 1 1 1910 Ore sales No o. o 3 3 Ore sale ale lc No o. o 1 I Interest Dragon Consolidated Mining company for tor drifting 1112 Disbursements Disbursements- Dividends Taxes Ore Orl freight No 1 I. I Or Ors Ore freight No o. o 3 3 I Sampling No 1 1 2 Sampling No 3 3 Plant account Operating Patenting Turk Turk No 2 claim caim Bala Balance e Dec Dee I 1 I 1911 0 The following Is a recapitulation of ot operating expenditures with cost sheet In JD managers manager's ers er's port rt r re report re- re Operation Operation- Disbursed Unpaid hills bills bis And nd payroll from rm 1910 1010 52 2 Current bill bl bills unpaid 3 November payroll unpaid 1 S t Inventory of or supplies on hand band I Actual operating expense r for r fiscal naca 1 jc year r 1 D J 1 I J GROUND BROKEN FOR MARYSVALE Mill Bully Buly Boy Company's New Ton T on Plant to Be Operating Operating Operating Oper Oper- in 90 Breaking ground for tor the tho new ton mill mi which the tho Bully Do Boy Webster people people peo pee pie will wi erect Immediately in the Marysvale Marys- Marys vale valo camp mp at an additional cost of or 33 00 0 was commenced last lat wool weel Is the Rood good goodnews news which Jacob V. V W. W Young general manager for the tIle company compan brought to Salt sJ Lako yesterday We Va to have ha the the mill mi In operation opera opera- tion ton In ninety ca days s or at rat It least by bo early spring said sall Mr Young We Yo do do not expect to tb do an any custom work at first a at least as our mine will wi bo he able ablo to supply sup sLip ply lly the mill mi for some time to come It I is estimated that Bul Bully BulBo Bo Boy has hits be between between be- be tween hveen GOOW GOW and tons of C ore arc between No 1 I and No 2 tunnels alone This should average e 10 a ton In gold old and sLiver silver RI cr the latter predominating A saving of 9 90 per pr cent or 01 0 0 39 a ton Is expected This ore bod body has b been n opened on two sides and b by two raises rises one 10 feet Ct tho the other fo forty tr f feet t running u up from roni the Jo lower r tu tun- tun P r Pe 2 2 32 P I 30 1 33 t 33 not nci J el thc ine 01 or tle LII me J workings on No 2 level and No 1 tunnel j thero there Is C feet t vertically and 32 feet fet on the dip lip of the tire vein A recent contract for 10 feet fet was run to crosscut th the tha vein which was reached O feet below No 2 tunnel which Itself it I 1 feet bolow low tho the outcrop making malting a total depth of or 3 3 0 feet lh Gold I Leasers on omo some of or the tho upper workings recently shipped ten tons of ore to the tile Salt Snit Lake Inke market which brought 40 SO a n ton or SO for the consignment Part of or this was taken out of the tho the old Do Witt Vit strike and part front from a n rich body open opened ee up from No 2 tunnel tunnel Just before their theli time expired the tho leasers broke into some ome exceedingly rich rock Portions of It I were plastered with wih gold old Selected sam samples Eam- Eam plea pIes would assa assay to 20 a 0 a ton The They extracted only to the six-foot six height of the tho tunnel This still sti leaves fifty feet of oC untouched backs between No 1 and No 2 tunnels The Tile entire entro vein as a it I breaks down averages ergs a easl easily 15 a ton Although frequently very 5 high grade i er grade streaks of ore arc are discovered In various properties yet et on the whole lar s 's Is a big low grade low low-gade milling camp campi continued con con- Mr Young I 1 figure we wo shall have ha c to lo go hO at least lest 1000 10 10 feet deeper deper to Ic I get Into our really large e ore are bo bodies les This I will vill wi havo O IH to be le done b by sinking vertical shafts shaHs or by 1 diamond drill tests With such tests satisfactory a lon long tunnel still sUI further down the mountain would be feas feas- ible The Marysvale la RI 8 formation Is principally Per cr r ton Exploring Per ton too Total Per pcr too ton JO fO 6 3 j O. O 3 O. O r 1 r 5 26 61 U 10 0 2 I co U O 1 l 1 1333 1895 16 14 SilO 14 71 75 C 1 6 12 ZI n tv 1 11 1101 M m andesite porphyry and the andesite an- an ant desie overlying tho the with wih limes coming In deeper pcr down In our lower tunnel tunnel tun tun- nd nel the hanging hanSing wall wal is andesite and tile the quartzite quartzitE I figure Juro when wo we get down Into the tho lime where ore replacement replace replace- ment meat is more favorable we shall discover er our hl big bodies the same as In tho the case in Tintic and Park Cl City The B Bully 11 no Boy vein is Immense It ItIs I Is fully twe twenty t to 1 ICO 10 feet wide between I well vell wel defined walls wals Where this tills breaks break er er too ton Exploring r Per ton Total Total Per ton fOli 3 3 II 6 IH I 01 D OJ 6 0 3 I on 1151 CO IS 0 3 2135 2 13 11 i O 3 1 06 l 3 33 72 t through the te softer sorer lime giving ghin loss less re resistance re r. r si stance to mineralizing displacement wean we ve c can an reasonably expect to find our biggest big big- gest S g est and most mOt proC profitable table ore bodies I N NEVADA EVADA CON REPORT SHOWS HEAVY EARNINGS Nevada Nevada Consolidated Mining compan com com- 5 p pan any pany In iii a report Just Issued covering 5 o operating perating for thirteen months ending O October 31 1911 shows net earnings of o f Interest rentals and m miscellaneous earnings amounted to The net balance and profits s a amounted mounted to The balance c o of oC f undivided profits on September 30 1 1010 uno were This company has ilas just paid Its is fourth q quarterly erl dividend during the tire year ear a ai mounting amounting to which brings i Its Is ts total dividends dl 0 It reached the T p profit disbursement period to 9 31 This record has been made since t the he company first began making copper tt t three and one half one hal years ears a ago o. o The QS- QS s s- s t imato of ore reserves Is 1 placed at 40 0 tons INCREASE I IN CASH HELPS NEW YORK SAL SALES S By Badger Bros Private Wire Ire New York Dec 15 The The stock ew The ma maret marcet mar mar- k leet et showed a substantial recovery reco of s strength In the earl early afternoon although al- al st t hough though the volume of business continued con con- t comparatively J light ht In copper trade tralle elides circles It I was predicted pro pro- d that the next statement of the Producers' Producers association would bo be 10 better t than the last and it was asserted that there here t Is nothing speculative about the Buying movement which has started In In Inthis t this ills country The indications of a large I Increase of ot cash on the tue week were a f factor actor In the thc markets market's Improvement Hutton Huton Improvement I MAJESTIC IS SHIPPING ORE BRINGING 21 A TON The Boston office of ot the Majestic has hlas received from the tile International SmeltIng Smelt Smelt- In ing company settlement sheet wih will check for another car car carof of ore are from the tho mine rim The Smelt Smelt- Ing tag company settled on a basis of per pel cent lead 17 7 ounces silver three three- quarters of or one ont per cent copper cOPIer am 78 per cent Iron This car contaIned better than tl fifty tons and sot settlement t ta a was for 2121 2121 per ton tori ane Another co ctr is on the wa way to the smelter The wes west drift Manager Moffat Morat states Is 15 In fn ore showing assay aSSa alu values s of or ounces ii In iii Insler silver sl er in sixty-seven sixty and 89 per cent lead leae and is no now feet The Tire only indebtedness not shown in the foregoing statement I is hI curren current taxes am amounting to The cash casil surplus is loaned upon demand dc de- mand notes amply secured as outlined In lit the tho last report and of ot th time the cash hal balance shown shawn above Is now s so 80 outstanding |