The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-12-09
Receipts and Disbursements.

43b.SS3
1t will be seen from the financial state
ment that while the dividends ordered
paid yesterday will make a big hole in
the reserves. there viii be large ac-
cumulation of surplus through ore ship
mentS for the present month to add to the
nearly $4,000 that is still on hand. or will
be when the ore in transit is paid for.
It is simply impossible to give much of
notion of what the mines look like to-
day in the brief space here utilized, nei-
Their is it possible to give the amount of
gold. silver. lead and copper produced
by the mines. as those figures do not en-
ter into the reports that have been tabu-
lated. To understand all the good fea-
lures of the report it is necessary to have
all the tables for reference and the splen-
did maps that show the underground
workings, and which accompany the re-
port
After dealing with the geological for
nation of the district and after describ-
ing the various vein systems that are
found within the boundaries of the COM
pany'S ,115 acres of mineral-bearing ter
ritory, which covers the strike of the ore
bearing contact and assures for a dis
lance of 1900 feet, Captain MacVichie
has the following to say in a general way
OF the company's undeveloped area:
The Undeveloped Area.
THE Mccormick crosscut driven south
easterly from the Silver King shaft on
the 1,1O0-fOot level is mostly in uuartzite
piOOdOtS JuV It6t VI more DflOW the nIrc-
quartZite contact. 1t intersects a number
OF assures, also several porphyry dykes
The most promising of these assures is
encountered near the end of the crosscut
For distance of 120 feet at this point
the territory is well mineralized con-
tanning manganese and oxide of iron. and
has two well defined assures with a
large porphyry dyke at station 7O9
am of the opinion if raises were put up
on some of the most favorable assures
to reach the contact. the possibilities for
finding ore are excellent The ore
bearing assures are easily traced for n
long distance west within the territory
owned by this company. A tunnel has
been driven on the Odin claim and an
fissure developed for a lie
lance of about 400 feet on the strike
ms ore carried quite large percentage
OF copper. and has excellent prosDacfc
Tor developing into a mine | am IN
formed that tunnel on the Iunjtar
group of claims, recently purchased nv
ms ms company, has yielded about $50. 900.
ne geological conditions of the
9din claim, and the area surrounding
lnaynes lake, are such as TO lead me IN
Oelleve that the prospect for developing
large pody OF ore in this section is ex-
:eedingly favorable. There is every in
iictation. both at the western openings
n the mine, and on the surface of a con-
of the ore bodies to the south
vest into the undeveloped area
The contact ore body recently devel I
ped on the 1.500-foOt level adjacent IN
he Jewel fissure, has exposed a mas
lificent body of galena and Carbonate /
re. The existence of this fissure was
Unknown until recently, and / am of the I
opinion that other ore bodies will he 4
ound on the contact along other know
assures to the north and south. as well /
IS within the area already covered hv
he different levels from the Silver KinS
matt The extending of the Hanaue@
unnel to the southwest would be an i'm
ortant factor in developing the nm
Exploited area. To the west there is a
arge territory that should be productive
he contact north of the Fault F'iss1,re
n the S0O-foot level, will aundoubtedIx ha !
Productive when developed There is a Il
arge area east of the Mule Raise in The II
icGregor F'issure. Plans are now hei3, H
onsidered to exploit this ground anS II
the contact is reached it is likely 70 he II
roductive, as both these raises haTo
God ore bodies which are larger as tbe
ontact above is approached
Litigation Is Not Serious.
4 do not consider the suits filed h,, Oh,
liver King Consolidated Mining comnanI-
o-tenants in the Andes and Vesi,1-i,,s
laims. and now pending in the courts of
serious nature Ny examination CON 1
inces me that a satisfactory adiustnent I
Mould be reached when a proper az
bunting is submitted