The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-04-02
MAY DAY COMPANY
IN ANNUAL SESSION
Owners of Stock Assemble and
Select New Officers
for Season.
PROPERTY NOW IN
VERY GOOD SHAPE
President and Manager Darmer
Gives Account of the
Years Affairs.

Az inc annnai stoCRholue1S meeting
of the May Day Mining company Mon
day morning there was full attend
ance, many stockholders attending in
person After receiving the reports OF
the management for the past year the
same showing n cash balance Of $4,000
IN the treasury, the stockholders pro
cccdcd 10 the election of officers for
the ensuing season. The result was
that the May Day official family is en-
tireIy changed. new blood being repre-
sentcd from first 10 last, John Dern
manager; D. +, cafrey s was was elected ,i
vice president: w S Mccormick was
elected treasurer These three gentle
men, with d. l.. Fulop and NJ, p,
Bratfett, will compose the board of dl-
rectors, while A. Reeves, secretary of
the Consolidated Mcrcur and Lower
Mammoth companies. was elected TO
serve in similar capacity with the
May Day.
The present condition of the May
Day is better than at any previous time
In its history, the new orc bodies being
in virgin ground, and showing up
splendid strength. Eight cars of orc
are either at the smeltcr or en- route
from the mine. and ten ears are now
awaiting removal from the property at
Ilntic. One car OF concentration. the
result Of the dry process being utilized
DN ledstrS AT InP My LAY Hllll- is
ready for shipment from the plant,
President Darmer, i'll filing his report
with the stockholders, gave a complete
resume of the year s doIngs. and it is
of special interest al this time, In part
this report is rs follows;
Your manager reports that during
the current year ending March 81,
1907, that the shaft has been sunk TO
the o0O-foot level. where a station was
cut and the drift was run TO the east.
or down hill 4 distance of about 900
feet, cutting the forma tion at right
angles, but without finding any other
ores than some small deposits Of zinc,
1t was the management s intcutlon to
prospect fssure about 500 feet from
the shaft in said drift. but on account
of lack Of fuel during the last three
months. work had TO be suspended from
the drift. We also run a drift to The
south from the 500.foot level, dis
tance of about 200 feet through very
hard lime, where north and south
vein about 800 feet east of the said
shaft was cut. We found what seems
to be large bodies of zinc ores, up
raising through the zinc lead and
silver ores were encountered In some
quantity, but, soon changed TO mill
ores, In prospecting the lower grade
mill ores above the 400"foot level with
upraises, VIC encountered shoots of ship
ping ore which extended, in some
places, to the 300-foot level above,
and we now have an almost continuous
shipping ore body on this fssure going
upward from the 400-foot level and
fully 300 feet long.
FThe same ore having been cut on
the 300-foot level, where il has been
explored, and is still being explored
for fully 800 feet along the assure on
that level that these ores were found
L. l~E L. ,-a1.
that at one place, especially, is at
tention called to at this time be-
cause Of the size and quality of the
lead ore. which last four cars settled for
from that stope netted your COM
pany more than $4,000; with six or
eight more cars, most Of which is from
that same stope. are at the sampler or
which VIC have shipped heavily during
the last three months, has grown
stronger and the ore of a better grade,
until today it is larger and of a better
quality than at any time since 1T was
first uncovered. The, same ore bodies
being explored on the 300-foot level
and on that level going both up and
down, showing conclusivoly that be-
tween the 500 and l00-foot levels the
ore bodies are large and continuous;
and going upward from the 300foot
level they are as strong as at any
place where they have been en-
countered There being no work done
thus far TO the east. we are unable 10
say how far above the 300.foot level
this orc continues, but as the ore is 60
ing up strong, the probabilities are that
it will continue toward the surface for
some distance, at least.
"The zine ore bodies on the 400
foot level are going down strong, and
from the present Developments appear
TO be in large quantities and of n
good milling grade. The soo drift was was
to point about 500 feet west of the
southeast corner Of the May Day
claim, near the Yankee line, where an
upraise is being run with every ear
mark of soon encounteriDg ore; this is
some 200 feet 10 the east, and down
hill from the ore bodies above de-
scribed on the 300 and 400-foot levels
During the current year we have
given a lease to the Cactus Ore COM
pauy on the mill ores on the second
class dump and on such mill ores as
may be mined during the life OF said
lease, and snid Cactus Ore company
has installed dry process concentration,
which seems to be, at this time, sue
ccssfulIy concentrating your mill ores,
making Il very hioh percentage of saw
ines. We arc assured by the in
ventors and owners of that process
that they are enabled 10 handle sue
cessfulIy, not only the silver. lead and
gold mill ores, but also to successfully
( handle the zinc ores; and in the May
| Day property there exists very large
! deposits of mill ores which have been
I developed for years. which, if sue
/ cessfullv treated, means a great deal
| TO your company. During the cur
rent year your management has sue.
/ ceeded in amending n long-term con-
I tract with the American Smelling and
/ Refining company to the extent of a
net saving on the treatment charges of
/ it's ores from 1922 upward; in some in.
stances since the amending of the con-
tract the net saving of more than
So per ton, as already above realized,
sin rendering You this report / de-
sire TO call attention to the superin-