The copper era., 1909-01-07
The Gold Belt Meeting.

On next Tuesday evening the Gold Belt development and reduction com pany will hold stockholders meet ing, at which a board of directors will be elected for the ensuing term. During the past few months, and es- pecially since the gold mill has been in operation and is now producing gold bricks monthly, the stockhold- CTS have naturally become more in- terested in the property. The pres ent board of directors had a difficult job on their hands when they accept ed office a year ago and the board should be commended for the good work it has done during the past year. The iGold Belt is now on the road to a grand success and there seems to be little doubt of the stock holders demonstrating their appre- citation of the good work of the directors by re-electing them if they can be persuaded to continue to hold office. The board of directors of the company receive no salary, hence it is not an easy matter to get men who are willing to devote much of their time to the business of the company. The following report has recently been made by F. O. Bacon, who has recently accepted the posi- tion of mine superintendent. Mir. Bacon is a thorough chemist and has had considerable experience in the mining business. He compiled this report for the benefit of the stockholders and in fact for all who are concerned and it is known by all who have visited the property lately that his report is as near accurate as possible:
 It is due the stockholders of this company to know the condition of observation of part of it; the part most necessary to the success of the mill, now in operation, I can say, in my estimation, the mill is an assured success.
 MYreasons for making this state men, Se: First, the new openings sin0 le lease of the present mill ownEs became effective, showing, be- yond doubt, the continuance -fHIIilI.II.I, n main GAls iiillui.1-Iy.letE iili1E au II pSe Ui SE---o sHs;Se ana In the past week we have been sinking and cross-cut- ting this vein in four different places. | all showing good values for this dis | tance east of the present working l shaft.
 Second, the mill is working per fectly and the mill loss is less than | l5 per cent. according to assays.
 From present indications there is | sufficient ore in sight in the surface to partially supply the mill | and with the development work | planned and being put in operation, there should be no doubt of being able to increase the capacity of the mill with additional stamps within the next few months.
 The leasors of the ground will have l report of operations, including costs, saving and assays of ore devel- 1ped, to submit to your present board 1f directors at the annual meeting, which will demonstrate to you their in endeavoring to make he property a success.
 They should have our support in
  interest to see that they get it.
 The leasors have performed the annual labor, as required by law, lave put up modern mill and have l considerable amount of money at stake, dependent upon the. success of he plant.
 They are opening new ground on several claims of this company with l splendid showing, and it is depend mt upon the directors to assist. The stockholders should endeavor to ;elect directors who will assist, in every way possible, while guarding he interests of the stockholders
 These statements can be verified ,y your representa- atiYe, who is and las been on the ground for some time.
 If it is not possible for you to at end the annual meeting, be sure to end the proxies either to L. V. Ioyt, your representative, Archie Morrison or J. Backsteion before the 'th day of January. !