Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-01-28
UTAH COPPER
ANNUAL REPORT.
Interesting Document Received
BY Local Shareholders Yes
terday Afternoon.
Mr.. IACKLlNG'S STATEMENT.
Area Of Bingham Propcrty-Charnctcr
OF Orc Dcposits-iFlnan-
ciai Exhibit.

The third annual report OF the Utah
Copper company reached local share
holders yesterday It has made its APP
appearance in pamphlet form and is
about the noatcst thing Of the kind
ever circulated in this region
The statement OF General Manager
d. c. Jackling contains much inter-
esting information about the COM
pany's propertief. Referring to tho
mines Mr.. Jackiing says
THE mine has been developed by
Approximately $4,000 feet Of under
ground workings Very little under
ground development has been done
since Jan L. 1907 as the ore bodies
al that time were blocked out for many
years in advance, and Il was therefore
thought hest to confine expenditures
TO the removal OF oxodized oNerbur-
den.
The ore bodies Of the property con-
slst OF an altered silicious porphyry
containing small grains of copper min
erals. very uniformly disseminated
throughout he mass. both in fracture
seams and in the body OF the rock.
and average about 2 per cent copper
OILS of an ounce silvcE and O.0ll of an
ounce gold, The primary copper min
eral IL chalcopyrite but as result of
oxidizatiou OF this mineral and sec
y
alb all OF the suiphide minerals of
copper are now present, the FREEDOM
mating one bling chalcocite The de-
veloped and partially developed area,
as shown by accompanying map. covers
72 acres OF ground About 60 Of the ~
acres contain mineralized porphyry of
the average value above stated The
remaining 12 acres average somewhat
lower probably not much IN excess
of Is per cent The average thick
~ "a,
has not yet been fully demonstrated
by development. but existing develop
;nents indicate an average depth of
about $40 feet which is equivalent to
100000 tons of ore per acre, or Co.
900 600 tons of the better grade ore.
and 12,00G,000 tons OF the lower grade
ore in this body. or the G0000.000
tons of better grade material. body
OF 20,O00.O0O tons IL fully developed; or |
In other words, blocked out, so that |
II can be accurately measured and its |
value definitely determined: 100000 |
tons are partially developed that is |
to saw developments have gone far |
enough 10 prove the existence of this |
additional quantity of material, but
not sufficiently far to permit of its
being measured and sampled on all |
sides. The remaining 200000O0 of the
0000,0 900 tons is classed ms undevel- |
Oped. for the reason that its existence
is only shown by limited number of
workings most of which are Diamond
drill holes In the 72-acre area under
discussion Is n zone of lower grade
ore. averaging about 10 per cent, and
probably containing about 40, 600. 600
tons This zone is entirely undevel-
oped save by the diamond drill holes
that pierce It. but its existence has been
proven wherever drilling has been |
done"
MINERAL AREA.
1.-THE total area of mineralized por-
phyry contained within the boundaries
of the property is about l60 acres leav-
Ing SIS acres which are not considered
as in any way developed. although
portion Of the area is known to
contain ore OF profitable grades The
ground TO the south and east of the
area shown as developed and partially
developed and lying on the south side
OF the canyon also has some possibili-
ties, This is shown by a number of
more or less shallow workings on the
ground and by work done In the im-
mediate vicinity. on contiguous prop
.erty. on the north side of the can
yon, and to the east of the developed
ore body indicated, a working of con-
siderable extent, known as Tunnel O.
has developed for several hundred feet
or its length, an average grade OF ore,
and although the main level workings,
200 feet vertically below. show a lower
grade of material, still there Is a chance
OF developing some ore at this uolut
The character Of the extreme north
eastern portion of the property Is but
slightly known, but the workings ex-
tending furthest in that direction, on
the north side OF the canyon, are still
In ore of good grade, and lhore Is rea
son TO believe that portion of the area
win develop ore bodies Of CONNER
cinl value The mneralized porphyry
area lying to the west of the devel-
oped area, or down the canyon, Is OF
lower grade than the average OF the
property, and generally speaking sim
liar TO the IL acres OF ground heretofore
mentioned as averaging in excess OF
10 per cent; In fact, II 81 entirely
improbable that this whole area Will
develop proftablo ore bodies. hut a
portion of 1t viii do So Taken as
n whole, not to exceed one half OF tho
total area known TO contain CONNER
cial values has been developed. Pos
sibly not TO exceed one-half of the un-
developed portion VIII prove as high
grade as the portion already devel-
oped area viii contain values that
VIII show profits in oprating In tho
FUTURE
Mr.. Jaclsling then went into detail
regarding the methods OF mining em-
ployed at Bingham and closed with a
description OF the big Garfield mill.
The financial statement made the
following exhibit.
The account Of assets Is as follows:
Cost OF property ...,....,...S5, 7C2. 572. 90
improvements as follows: