The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-05-06
Details of Company Affairs
Given by General Manager
Walter c. Orem.
RAILROAD AND SHELTER
PLANS WELL MATURED
Splendid Array of Resources in
Ludwig Portion of the
Property.


following The stockholders meeting OF
last Monday morning. Mr.. Orcm en-
teIs into detail in regard TO the m,pe
development, showing that the limited
amount of development work done was
due to inadequate pumping facilities
for a time; to the fact that bad wealth
er prevented the power company from
maintaining steady electric service
both of which defects have been RENE
died completely. The management for
time also was able to operate only
one shift, yet total of 2l35 feet of
work was done i'll the Ludwig property,
1850 feet of this being done III ore:
Development work in ore naturally
compelled the extraction OF much valu'
able rock, and 1902 tons or 4.l4 per
cent copper rock was taken ont; also
$40 tons OF 81 per cent ore and 500
tons of 1927 per cent ore. The com
panY ceased this work of developing
ore bodies on the lower levels late IN
the year, so as To concentrate all eliort
on the task of sending the incline from
The 400-foot level 10 the surface. This
task is nearing completion. the raise
heing 100 feet from the surface. Under
the new arrangement the management
will dump its ores directly from the
bias into railroad cars. Mr.. Orcm
states that work was centercd on the
Ludwig portion of the acreage to the
exclusion of the Douglas part for sew
eral reasons, the main reason being that
1t was the most accessible part of the
property and resources could be readily
placed into available form 10 properly
develop other SECTIONS of the territory
owned bv the company.
On the 500-foot level the company
has developed its orc body for dis
tance of 500 feet along the strike. the
width Of the ore ranging from twenty
10 fifty feet. the value being 3,S per
cent. This was oxidized ore. and heavy
and permanent sulphides came in TWEEN
" feet below the 500-foot level. On
the 550.foot level these sulphides were
opened for $50 feet along tho strike,
both the north aud south faces still
being in ore. Seven rrosscUts were
sent ont TO determine the width of the
resources, and the seven showed the
following widths, respectively; l20,
10G, so, 80, 30, 40 and 30 feet, with the
latter still in ore. The general aver
been made at each five-foot point is
80 per cent red metal. Three wines
were driven from the 550.foot level, be-
ing sent 60, 60 and 30 feet, respective
", aud all developed ore all the way,
the average of which is s.26 per cent
copper. On the 6j0foot level tho same
resources have been drlfted on for so
feet, and crosscut sent for similar
distance, in 3.g6 per cent copper ore.
with each and every face still in the
same sort of ore. The main incline was
sent 10 the T00-foot level, and the face
is half III 1867 per Gent copper rock,
demonstrating that the rich sulphideS
are continuous with depth.
For the future year the manage
ment plans TO keep development work
going with all possible speed, so as 10
double or treble the resources during
that period on the 5J0. go and 80
foot levels. AS the 650-foot level of
the Ludwig mine IN elevation is 100
feet below the Douglas Hill workings,
II is planned 10 send crosscut over
during the year, and the surface ndi-
cations point to the fact that much
good ground will be opened before the
main Douglas Hill ore bodies are
gained.
599,33J tons of actual ore, the average
Of which is "a per cent copper. OF
probable ore there are 246,700 tons,
averaging 1863 per cent rcd metal With,
copper nt Is cents pound this ore will
net $6.43 per ton, giving it a total
valuation of 1854 .4s7l9. With 15-cent
copper the orc Will be worth 5000
035.l1. Each advance of copper Of |
cent pound means an added profit of
81 per ton on these resources.
In the Douglas section the report
shows that thcrc is an ore body show
ing on the surface 2000 by 500 feet in
extent, the general average of this area
being 2.SI per cent copper. But work
Mt depth in numerous places led Con-
sultlng Engineer Llcw Humphrics re-
gently to place this average at 3 per
cent copper. This ore, with copper at
l3 cents q pound, is worth, net, $l.l2
per ton to the company, and II is OF in.
terest to know that as this area is de-
vcloped with each foot in depth 10000
tons will he placed into demonstrated
FORM This rock also carries ~ per
cent Of fuxes. as against 80 per cent
OF silica.
The report states that two auxiliary
companies are In process Of formation.
Que for railroad building purposes and
the other for smeltcr installation. The
railroad company viii issue bonds to
the extent of from 100000 TO $500
900: the smelling company Will issue
in the neiphborbood Of 100000 worth
Of bouds for installing Il 300 to 500.
ion smelter, all the bonds 10 be guar.
aDtced Ivy the Nevada Douglas Copper
SunlD1HNt nc 1dllIOJu mas been sur
vcyed and construction work will be
started as soon as tho necessary csti.
mates arc concluded. Mr.. Orem states
that smclter installation would be held
ar for one reason only, and that would
he in case orc of the large smelling or
oanizations of tho country concluded
10 erect its own plant there for the pur-
pose Of controlling the output of the
camp and would take the Nevada Doug
las ores Mt relatively cheaper price
than the company could handle its own
plant. Mention also is made of the so.
100000 tons of gypsum on thc property.
which is large asset.
The financial report shows that the
company has issued S393.130 worth Of
the authorized 100000 bond issue, dis
posing of the bonds as money is needed
for development work. There is 81
1I1.5n0 worth of treasury stock an.
fouched. and there is sSSs3i7 cash on
hand During the rasf wear the com
panv cxpcDdcd $G5.7I2.37 in mining
operations.
In concluding. Mr. Orem states that
he hopes by the next annual report 10
be able TO show that The company is
making blister copper and that earn
ines nrc being set aside for dividend
purposcs.