The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-11-01
Total 7o1os 90 $500, ,s52 % $751;, ,s22. As

Total ...... 1924. 1924 Sl.lS3. .061. az
Attention is directed to the fact that
the figures Tor September are approx
mated for the reason that final settle
mcnt for some OF the ore and bullion in
transit and at smclters and mint is not
vet completed. The report states that
on September 80. 1910: the company casn
balance aggregated s2.55S340.S0. and on
October 81. after the disbursement OF
dividend No. Q, the cash balance will be
approximately 81. 400.0 600 The company =
i00-stamp mill is again operating at its
full capacity OF over $50 tons daily. and
cffecting it's usual high recovery Of gold.
During the past two weeks the results
Of development on the 1000 foot Jewel OF
the Clermont mine have again assumed
bonanza proportions. and the vein. which
FOR time appeared TO be showing de-
probation In value as the drift pro-
crossed south is now making a showing
equal or superior to that AT the point
where IL was first opened in these work
jngs The drift has now progressed for
some 30 feet in orc averaging around $50
rei ton and containing quantities OF ore
running $500 and $500 per ton. and at
one point this ore has width OF twenty
f"ci. The rcla ton OF this ore shoot to
ihat which was first discovered on the
1nnn-foot Level, farther 10 the north and
cast has not Yet been determined. but
app8 rently the more recently disclosed
ore ehoot is a downward continuation OF
the great Mohawk shoot. in which slopes
OF gigantic proportions have been opened
near the eastern corner OF the Mona Uli
claim yielding millions Of dollars worth
o: hirh-grade orc.
The latter theory is supported by the
character % the ore In the new vein.
which more nearly resembles that of the
inper Mohowk levels. particularly that
ot The. famous "4o3' slopes. than the
general r'In of tho Clermont product The
late discovery on the 1000 level is at
about the point where ore might have
been expected from the dip OF the vein
as Indicated on the upper levels, and the
nj -fn hgrl do It,,lN Nto
by this discovery Is nothing short OF CO.
iossal, The management OF the Consol-
idafed regards this as one OF tho most
important Developments in tho history
of the property. The same vein has been
penetrated on this level at another point
farther north. but development here is
not sufficiently advanced to determine
the extent OF the deposit or its identity
~ part of the same shoot.
feature of no little Importance In this
discovery is the fact that the ore is OF
a character which will respond readily
to treatment by the processes employed
In the company's mill carrying but very
little antimony. copper and blsmuth and
much of the gold being comparatively
sirablc for milling, The high grade ore
III these deposits can be shipped 10 smell
ters for treatment to almost or fully as
good advantage as concentrates. al
reduced to bullion by the company in
its refinery and by a process invented
and perfected by j. W. Hutchinson. su-
perintendent OF the mill
In other parts of the Consolidated com
panys mines development continues TO
add to the ore reserves which are con-
ssantly maintained In advance OF produc-
ton The largest tonnage still comes
from the Moha wk closely followed bv
the Clermont. and milling ore Is now be-
Ing taken from the new workings OF the
Lsguna, from which shaft tho Red Top
vein is being prospected and developed
on the 600-foot level. All new constrnc-
ton is rapidly nearing completion. and
within Il short time this expense will be
eliminated numerous important ccono-
mics will be in effect and the company's
earnings will be corrcspondingly en-
hanced.