The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-03-23
REPORT OF DAILY
WEST IS ISSUED
Statement i'm Answer to the
Hanke Letter Also Sent
Stockholders.
GOOD RESULT OF
DEEP DEVELOPMENT
Much Milling Grade Rock Be-
tween the Fifteen and
Eighteen Levels.

| stockholders today, lhlS report -
especially interesting, for the reason
that it enters into details In regard 10
the new ore bodies being opened below
the 1850 level and to the 1900, which
effort has brought TO view l23,O0o tons
Of milling grade ore. Accompanying
the report is an. answer 10 n. Onto
Hanke g recent letter critlcisinG the
DAILY West management, The debate
between these two interests is still
bitter, and there is little prospect OF
peace for the immediate future, at
| least
The financial condition Of the com,
pany is as follows; Cash on hand
January /. 1909. S311 ,4SIT9; receipts
from ore sales during year were $5l3,-
1857; miscellaneous receipts, S65o3,O ,OS,
the difference between inventories be-
ing S179225, making the total re
cepts and cash. 1884 ,95S.6o
! Disbursements; Mine account. 1926
070,22: mill account. $50, 1871 SO; assay
office, $l6271l; general expense, S2l,-
| 6l2SS: Ontario drain tunnel develop
mcnt, $ll6,625.69; dividends, Sl69,O00;
cash on hand January l, 1910, Sly
Ss0.l6. While the report does not state
known that the earnings for January
were about 100000. and more than that
for February and for the current
! month.
During the year the management pro.
duced 12,019 dry tons of crude ore and
| Oil dry tons of concentrates, from
which was produced 52l,27 pounds of
copper, 9,639,139 pounds Of lead, GA 4S
ounces of gold and 162,I30 ounces Of
silver, all Of which sold for SJl5, ,l2S57.
The crude ore averaged the following
values 1898 ounces silver, OOPS
ounces gold, 1893 per cent lead and
IA per cent copper, and sold for Sl9,O2
per ton. The concentrates averaged
$3.50 ounces silver, 0.033S ounces gold,
30.51 per cent lead and l.02 per cent
copper, and sold for 1914 per ton.
General Manager Ernest BAN
berger's report. in part, is as follows;
,'The cash balance has been. largely
! reduced by disbursements for the
carrying on of operations and for the
payment Of dividends. the receipts hav-
ing failed TO equal the cost of opera
tions. This was due principally to the
large amount of exploratory and de-
velopment work and to the small pro-
duction. Very favorable results have
been obtained from development work,
and the future of the property is en-
couraging. A large ore body of good
mflhng grade, with considerable first
class ore, has been opened up between
the 1850 and 1900 levels This ore
body is the best of It's character that
Cross-cu,s have been started to develop
this same ore body on the 1900 and
200 levels, and VIII be carried for
ward as rapidly as possible If opened
up on both these levels with the char.
acteristlcs shown on the levels above,
a long and profitable life for the mine
is assured. -
Mill Superintendent Sherman reports
that the null was in operation 296 .
shifts of nine hours each, during which
time there were treated 9.534 dry TONS
OF ore, from which were sorted ont and
rejected ll6l dry tons of waste. thus
the mill handled an average of 1863 3
dry tons per shift. In speaking of the
zlnc ore developments of the year. Mr..
Sherman says:
AS soon as connection was made
with the ore body on the 100 level of
the nine II was apparent from the zinc
Nalues contained III this ore that a
product Of zinc concentrates could be
made TO advantage: therefore during
the month of November Wiley table
was installed for retreating zinc mid.
dlngs, and through this medium there
we're produced during the month Of
December 126 tons of zinc concentrates
BEFORE the end OF the month it was an
parent that one table could NOT nos
slDly do this work, so 4 second tahlo
was added during January, and from
present indications it is probable that
third table may be required. While
curing the month of January there was
put one table retreating mddlinps. yet
the zinc concentrate production vii
nearly double that of December. or will
be IN the neighborhood of 80 dry
TONS 1t is quite probable that thfs
tonnage OF zinc will be at least doubled
IN the near future and the revenue de-
rinea r IaIn Ir0m I'm zlnc concentrates during the
year I9I9 VIII prove an important fac
tor IN the total production. Az tbe
present milling plant was moi cnn.
structed with the idea of MAKING
both zinc and lead concentrates fb,s
work cannot be done in anythino like
an economical manner as repards cnot
Oh treatmenC or recovery Of zinc bmt
doubtless IT can be made to do tho
WORK IN ialrly acceptable manner nm
tll the mllIn" requirements of +be p;,a
are better known - iiihe
Inc Following from the mine renort
VIII be of interest: opoi'
1850 Level.
Development and exploratory rorl,
was as follows: 5315 feet of drifting
o9'o feet Of raising and 200 feet Of
Wlnzlng. making a total of 143I foot
There was mined dSl 8 dry ions of frst,
class ore and 33.l93 tons Of second.
class ore, making a total of 33,614s
LUIS. iHeIe SUN remain large ore
bodies IN tho !, u. l2 and IL stones
There IS large block of ground west
of No. ii stope TO be explored. which
should be productive of large tom
mage of mill ore.
1900 Level
Development and exploratory work
on this level was as follows; 220 feet
of lrlfting. There were mined 257 tons
of second class ore
| 100 Level.
| Development and exploratory work
on this level was as follows: 1904. ,
feet of drifting, 465.j feet of raising
and 50 feet OF Winning. making a total
of 2255.1 feet. There were mined %. .
dry tons of 6rst-class ore and 9790 dry
tons of second-class ore
This level is all III new ground and
there has been very little stopping. all
of the ore extracted having been mined
from the raises and the west drift This
level shows more ore than any other
level in the mine for The amount OF de-
velopment work done At the present
| .;