The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-02-16


year began with s269, O3S 81 in the treas
Jury; that the receipts from the sale of
ore, concentrates. etc, amounted to
$504, $40, making a total of S773, 213.57.
Expenditures, itemized under the var
ious headings, were as follows:
Mine account ACKNOWLEDGEMENTS 37, 2S2. 65
Mill account ACKNOWLEDGEMENTS. 60 $50 So
Prospecting and dead work.. S1,SOl5O
Construction, electric haulage,
etc. .;'....... '.......'............. 16,255-02
Loss and gain, including divi-
oehas -''''''''-.... ..''....-.....,. 247,01500
Total expenditures ............ 1916, 55S 81
Balance on hand, Jan. / 1908 .Sl27. $50 %
This indicates that the reserve of one
year ago was encroached upon to the
extent of $141. 4S311, and partially ex-
plains why dividends were suspended
for the last half of the year.
The chief contributing causes to the
decrease in earnings has been the drop
in the price of metals and the cOnse-
quent decision of the management, in
common with practically all of the sill
ver-lead mine owners of the state, to
cut production to a minimum In the
late spring and early summer considera-
BILE trouble was experienced from the
heavy flow of surface water to the tun-
mel level. On this account it was nee
essary to cease operations on the 1.50O-
foot level for a period of four months,
when the effect of low metal prices had
not commenced to cut such a figure.
Production and Costs.
The report shows that 1854 tons Of
GRE was mined and that 1888 tons of it
was of such grade that it could be
shipped direct to the smelters without
concentrating. The net cost of min
ing the total tonnage was $3.03 a ton,
while the total operating cost per ton,
including 80 cents a ton for concen-
trating, 40 cents a ton for prospecting
and dead work, S1.0S for marketing,
and % cents for general expense, was
S4.S7 a ton, which is little less than the
company was able to mine, mill and
market its product for during the year
previous.
The recent installation of the new
electric haulage system in the mine is
going to greatly facilitate the handling
Of ore and supplies into the mine dur
ing the coming year, but at present the
property is being run with a greatly re-
duced force and there is no telling when
It will be cut loose again. that depend
ing altogether on the price of the met
ais and the attitude of the smelling
companies with which business may be
done.
Last July, as explained in the report,
the company contracted with the Gras-
SELF Chemical company Of Cleveland. o.,
for the sale of the zinc middling product
of the mill. The Ohio concern is now
finishing an electric separating process
mill at the Park for the handling of
this product and, with the mine and
mill running wide open again, the rev.
enues from this zinc product win be
considerable.
The reports of the general manager
and the superintendent of the mine ex-
plain in considerable detail what has
been accomplished during the year, and
the showing is one that, prevailing con-
ditiOns considered the shareholders
have a right to feel proud of. OF de-
velOpments in the mine during the year,
General Superintendent F. c. Burial
says:
- Years Work Underground.
The development and dead work for
1907 amounts to 3,147 feet, exclusive of
the prospecting in ore. Of this, 1,60S
feet are drifts, 59S feet crosscuts, and
941 feet raises, no wines having been
sunk.
On the Back Vein. !, 369 feet of work
was done, and the principal result has
been the opening of an ore body on and
above the / $50 level. The ore is a ship
ping grade sulphide formed in beds
along a well defined assure which has
been followed for $50 feet along it's
southweSterly strike without the end of
the beds having been reached. Nor are
we at all certain of having discovered
the upper beds as yet. The tissue runs
some forty feet northwest Of TIE 1880
level, which necessitated additional
drifting. Considerable drifting was
done also on the !, 400 level, but without
encountering satisfactory ore bodies.
The McSOrley vein had been opened
up considerably in advance of the stop
ing along and above the 1,200 level and
only 444 feet of dead work has been
done there this past year, principally to
facilitate the handling of the ore and to
provide waste filling for the protection
of the 1,20G level at that point. As the
| ore beds along this vein are up to sixty
feet thick and eighty wide and we have
them opened up some, 200 feet beyond
the breast of the main stope, we have
not considered it advisable to push work
here 1t is chiefly mill ore that is pro-
duced in this section of the mine.
Contact Vein Conditions.
On the Contact vein, 557 feet of work
| has been done on and between the 1 400
and 1900 levels, opening the ore bodies
as they advance southwest and prov
| ing the bottom and southwesterly eX-
| tension Of the Daisy stope, 1900 level,
ore body. The Slopes over the l 400 level
on this vein are 800 feet long and aver
| age over ten feet in width, the grade
being partly first-class and partly mill
ore. The new parts of the Daisy ore
body are made up of iron sulphide
with galena and some gray copper,
there being a notable absence of zinc.
1t seems that the ore moves I'D as it
| goes southwest, and we now have it
| opened for 300 feet on its southwesteTly
| strike and some twenty-five feet above
| the 1900 leveA and forty feet below. On
raising tn -ough eighteen feet of low
| grade iron Ore at point on the 1,500
level. just northeast of the Daisy stope,
we struck excellent grade lead-zinc ore
and are now busy determining the ma
| ture of the ore body.
On the Daily vein, we are drifting on
| the 1000 level, in a sOuthwesterly di-
rection, toward the Bonanza Flat coup-
try, this work being a direct continual
ton of our drain tunnel level This
vein will form desirable bodies of ore
whenever the right wall formation is