Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-02-11
RED WING EXTENSION.
President MeCarriek Says Thousands OF
Tons Of Milling ore Are Exposed

President Edward McCarrick Of the
ped.WIng Extension mine of Bingham
reports good progress being made with
development work IN circular ieasel
inst issued to the stockholders. the
statement Of Treasurer A. H. rage
shows that from the organization ol
the company up to Feb ] the total re.
oeipts amounted to SS''Oo53o' OUT
of which S2l,92f60 was received
from the sale Of treasury slock'
slO,72i34 from the three assess
ments levied; s354,S9 from the SAFE
Of ore and sl,Oi6i3 from other sources.
The disbursements are mentioned III
the following items: Sl9,sSZ.oS Tor lapor,
Sl0,55S.4O for supplies and S9,bbooo ior
patenting Of ground, surveying etc',
while the amount Of cash on hand was
SJ6667.
Since our last report says Presl-
dent MoCarrick In his report over
1000 feet have been run, III tunnels
shafts drifts, upralses and other pros
Meeting work. In doing this we have
exposed many thousand tons OF milling
ore, all OF which can and VIII be treat
ed AT handsome proft, as soon as we
have mill or concentrating plant OF
our own.
eve are now sinking an Incline shaft
on one OF the veins, for the purpose Oh
procuring water 10 be used principally
in the mill for concentrating ore ana
also for the purpose Of prospecting our
ground for mineral, We have been quite
Euccessful In finding both ore ana
water. / feel confident that with small
expenditure we shall find sufficient
water for a concentrating plant ana
good volume Of ore,
"At this time the shaft has been sunk
225 feet and have $50 gallons OF water
per day. After running through 100 feet
OF barren rock Ga part OF the vein) MN
eral made It's appearance, and II mas IN
creased In volume gradually Some OF
the picked samples Of ore assay: Lead,
q per cent: copper, per cent silver
o. and gold 60 cents per ton. All Of the
vein shows strong naturalization, and
we have good reasons TO believe that
the ore encountered In this shaft VIII De
superior In quality to any so FAR FOUND
In our upper workings, Our reasons
for this are as follows;
eat no time In our upper workings
has copper made its appearance. while
I'm the shaft the showing is very strong
When copper Ia found In the ore In the
mines at Bingham values In gold and
silver increase,
I'm sinking our shafe we have follow
ed the hanging wall and In doing so,
have not explored our footwall, where
nearly an the ore In the upper levels Is
found, Later We intend 20 cross-cut TO
the footwan Our object In follow ng
the hanging wall is because the hang
Ing wall is an unbroken strong wall
which does not require timberlng. IL
we followed our footwall would leave
the vein as a hanging wall which would
have to be tlmbered at quite an ex-
uense. and even with this addi onal
expense would not give us the substan-
tlal shaft We now have, 10 many the
terms hanging wall. and foot wall may
not be familiar. ore Is found In veins
lying between two walls, the upper
is called the hanging wall and the lower
the foot wall
I'VE have opened up In our upper
workings 10000 tons and upwards OF ore
that viii net us at least $3.50 per ton
by treating the ore at our own mill
We make Thine above estimate In this
manner, In running our No | tunnel
We encountered the ore chutes on which
has been done much prospecting and
shipped from them milling ore; then We
came down vertically 100 feet $50 feet
on the dip Of the vein from the up"er
10 the lower tunnel or from No. I tu1-
mel 10 No. 2 tunnel After running 100
feet In tunnel No. .. We encountered ore
ana ran 1t on about 900 feet Have sunk,
appraised drlfted and prospected IN
many ways on this vein and at all
times have been In ore. Have done no
less than 1000 feet Of prospecting and
at an points In orc hence We make the
above estimate which Is very consnrVa.
I'VE All of this has been developed In
Less than six acros OF ground We are
NJ the opinion that those chutes of ore
extend down tO "a great depth.
I'VE have vet unprospectad lli acres,
which believe. win respond fully as
well when the necessary prospecting
work IS done. I'm prospecting iha SIX
acres 10 win Doe remembered that we
have only prosnected from tunnel 40
level 90 tho apcX of This part of the
gruundor tunnel 80 H. which lg ahoul
$50 feet ou the dip of One vein. cur
SHAFT WIl partly prospect me ground
below $50. tunnel level and without
doubt much better roHulUs Wil follow
whom We have attained a slmHl ycrtl.
oll depth The attitude nf the ma
lcres heretofore mentioned d. much
higher chan our 9.N acres. from iha
apes tn tunnel NO1 level must be- lad
least lOm IcHt NJ considered n COIN.
uirlsOn io Hh8i has already boom donna
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