The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-08-04
DRAGON IRON OUT
TWO YEARS REPORT
General Manager Ritter Gives
Accounting of Work Done by
Knight Property.

(Special 10 The Herald Republican,
Provo. Aug. S-General Manager l.
z. Ritter OF the Dragon Mining com
pany has made the following report OF
the opera ton OF the cOmpany's prop
erty for the past two years.
'.TO the president and directors OF tine
Dragon Mining company 81, al
submitted herewith you Will iltIu
the report OF the superintendent OF the
company, giving in detail the mine OP-
eratiOns for the past two years.
Your company look possession -
the mine and began operations on
June 20. 1908. During the greater part
OF the first year all energies were de-
voted 10 increasing the IRON ore re-
serves and equipping the property TOT
handling this ore cheaply. A diamond
drill purchased in March. 1900, mas
been operated with considerable sue
cess in prospecting for iron ores, sew
eral large shoots, whose presence was
hitherto unsupported, being opened up.
In Limestone Area.
"The work OF prospecting for pre-
ciOus metal ores in the limestone area
north OF the contact was not COM
menced until May. lyOs there eA
lists on the property four distinct and
nearly parallel assures, striking about
north so degrees east. The most west
srly OF these is the extension OF the
Star vein: east OF this lies the santa
quin fissuFe. which is marked on the
surface with large Outcrops or quartz,
showing in several places good values
In copper, east Of this, and passing
through the main shaft, is an interme-
date fissure. which, on the lI0-IOOJ
level, contained some sulphides or
lead and copper near the shaIti about
$50 feet further east we have what is
without doubt the southern extension
OF the Iron BlOssOm-G Governor vein.
This fissure contains shoot or
leached quartz which extends cOntin-
uOusly from the surface TO the 800
level
the greater part Of this quartz shoot
lies in the contact zone, and is sur
rounded by the latter iron ores. Below
the 50O-IOOt level where the contact
dips away TO the south, the quartz
makes in the limestone and shows in
Creaslng values as il leaves the
leached contact zone. Several small
htreaks or good ore were appearing IN
this fissuTe on the 60O-1OOt level in
Nay OF this year, when you decided TO
stop work on the upper levels Of the
mine and devote the companyis reVe-
nue. 10 sinking the main shaft
Cutting Pockets.
The work OF cutting loading peck
cts for the self-dumping skips on the
400 and 6O0-fOOI levels and preparing
the shaft for sinking is completed, so
earnest before the middle OF this
month.
The accompanying financial reports
show that during the past two years
there was received from sales OF iron
ore S19l.2S5. 50. The total cost of mia
ing and transportation, including
charges for depreciation OF plant OF
S1l234.17. was S13l.22S.53, leaving a
profit Of S6O,057 .16, or about 81 per
cent. There was also received from
assessments 100000, making d total OF
SoOool TO. There was expended for
prospecting work. not chargeable 10
iren ore S20.266 81; for machinery and
plant. S2I6l6 40; for additional min
ing claim S5,yOO, and for supplies now
Ia stock, S2,6SS.2S. making a total OF
sob,zbb 50, and leaving a balance on
hand July !, 1910. OF S23,7S0.5S. Re
spectfully submitted,
Il. T.. RITTER,
General Manager