Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-07-31

cussed In milling circles The mill now
being built will contain 800 Of these
stamps. each capable Of treating 10 tons
Of ore daily. or a total Of 200 tons Of
| ore daily. These stamps were tested
side by side with other methods Of
crushing IN the company's experiment
tai mill, and many different sizes n
screens were also given trial The new
mill VIII be fitted with screens with
i-j0th OF an inch apertures The ore
VIII be crushed fine enough To- go
through these and then VIII be Concen-
thated on tables. The experimental
tests indicated milling cost OF 81 cents
| zen ton, and a recovery OF slightly bet
to- than IS per cent Of the total miner.
"a values
"The special advantage Of these por.
phpry ores Is that they may be con-
Centfated 20 10 % into /. This means
q tons Of ore will be reduced TO one ton
oi concentrate in the mill. and that one
ton out Of 20 Is all that will have 10 be
sent 10 the smelter. Therefore. II the
BOSTON Consolidated treats 1900 tons
OF ore daily, Il should make only $50
tons Of concentrate, and each ton %
this concentrate should contain some
thing more than 500 pounds Of copper.
OF total ~ 1900 pounds OF copper
daily. providing for an annual produce
ton OF about % 000. 900 pounds OF copper
with the first unit Of this mill alone. II
is the intention Of the management 10
double the mill capacity in the very
near future.
IRON SULPHlDE ORE.
Besides It's porphyry Boston Con-
sOlidated has developed two large bod
les OF basic iron sulphide ore carrying
about 2i4 10 3i5 per cent copper and
s2.50 TO 50 In gold and silver TO the ton.
II is estimated that there are LOCO, 900
tons Of this ore In sight The ore bodies
aie opened extensively. and though 200
tons OF ore per day was being taken
from this mine when / visited Il, Il was
possible 10 walk thousands ~ feet
through ore bodies. all ready for eN-
traction, without seeing a miner. II
seems to me that Il will be easily pos
sible to mine 800 10 80 tons daily from
this ore body and deliver II 10 the new
custom smelter. as Is proposed. These
orc bodies are Of the same general char
acter as those In the Utah Consolidated
and In the Bingham Consolidated'a
Commercial mine.
After Boston Consolidated increases
IT'S shipments OF smelling ore 20 80 tons
daily II VIII be producing from this
PORTION Of It's property al the rate OF
about 1900, 600 pounds Of copper annu-
ally. making It's total yearly output,
with its new mill In commission, ap-
pioximately $4,000 900 pounds Of copper.
This volume Of production should be
reached not later than the first OF
August next year and possibly two or
three months sooner II costs are kept
a. low as II indicated by the expert
mental tests. and also by what other
companies are doing IN the same
district. Boston Consolldated's cop
per will he produced for not
over cents. and possibly at
an average Of cents per pound. A
cost Of 2 cents and market price OF
10 cents VIII give the company an an
nual profit Of s.. 2s0.c00. or net earnings
OF more than $3.50 per share on the
s25. 900 shares which will at that time
be outstanding. II II Is found prac-
teal 20 increase the mill capacity 10
5000 tons daily. as the management be-
lieve Il will be. net earnings OF s. per
share viii result. which would entltle
the stock 10 sell Tor two or three times
its present market price.
Critics OF the Boston Consolidated
enterprise point 10 the fact that the
Tech tunnel. which entered the noun
tain 10 depth OF 900 feet below the
surface. went through the enrichment
zone Of the porphyry and encountered
ore carrying an average OF TO ~ per
cent copper The management does
not explain this as due 10 a lean streak,
but frankly express the belief that the
profitable zone OF the porphyry Is due
10 secondary enrichment and that II
has an average thickness ~ about 200
10 600 feet. Another criticism Is based
on the fact that the lower tunnel, which
was run TO cut the basic sulphide ores
al depth. Is SO far IN barren rock Sub
seduent development OF the ore bodies
IN the higher levels, however, prove
that they trend 20 the east and that
this tunnel was too far west % cut
them. There Is little or no basis for
doubt that the ore bodies do 20 10 great
depth,
WILL PAY DIVIDENDS.
In view Of the fact that there has
| been a practical demonstration Of al
most everything that Is claimed by
/ the Boston Consolidated management,
| the Utah Copper company having been
| milling 700 90 500 tons daily 81 por-
phyry Of the same character for about
/ two years. and the Boston Cous0lldat-
| ed having been shipping 200 tons Of rs
! sulphide smelling ores 10 the Bingham
! Consolidated plant for year or more,
I % would seem that the management
/ ~ the company is Justified IN stating
/ positively that when IT'S new min IL
| completed and its shipments ~ smelt-
I ing ore Increased, the company win be
I able 10 pay dividends which will cause
I It's stock 20 sell az much higher prices
/ President Samuel Ncwhouse has sur
| rounded himself with corps ~ cy-
| Ceedingly capable and efficient experts
| and miners and he Is also giving his
own personal attention in pll general
matters AS well as 20 the minor details
| Of management. That he has the best
| interest Of the stockholders az heart
! Was demonstrated several months ago
when he Issued a public statement in-
| forming the stockholders of the very
| satisfactory developments. naming
500 as a prospective future price for
the stock and advising them not 90
sell Al the time ~ the statement tr.
fcrrcd 90 the stock was selling around
Sl5 To- SIS per share, and IL afterwards
| doubled iu market value
CON- MEpCUp TTrCTT0N