The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-10-19
RAY AND CHINO'S
VAST ORE BODIES
D. C. lacking, Who Returns
Home, Tells of Mammoth
Undertakings.
MILLIONS BEING EXPENDED
Handle 1000 Tons Ore Daily-Em-
ploy an Army of Several
Thousands.

mine otUVu tons OF ore a uass anu 49,
is no other place on earth where that
is being done in underground WORK
ings. is a statement made last eFShihs
BY ID. a.. Jacklig, vice president anu
general manager OF the Ray Consolioat-
ed Copper company chino copper anu
Utah Copper company .
Nj. lacking, accompanied b4 " ,.
Mccormick, prominent banker OF us ms
city, r. &. Gemmell. assistant general
manager of Utah Copper ana II. D.
Poker MF. Jackling's secretary, re
turned last evening from an Inspection
of the Ray in Arizona ana Thlho IN
New Mexico. To The Herald Republi-
ca, Mr. lacking said -
we are operating some OF tie Kay
drills, taking out 100000 tons OF ore
each month; our railroad Is operating
in a small way; We are employing l'-oV
men, but when the mine, mill power
plant and railroad are al Iull capacitS
the pay roll viii carry from -ioVO 10
5000 men,
Vast Developed Territory.
AT the Ray We expect 10 get around
to production about February i; oper-
ating the first section, 10 hahcle d ',l,S'
developed ore which exceeds SesvV0svvt
tons. with an average content OF =
per cent copper There IS a vast TERRI
tory uneNplOred. Thee are about s45
holes drilled. with a total OF over i ~
GOO feet. The average thickness OF the
Raw ore bodies is us feet with cap
ping OF 315 feet. Augustus drllllhs
alone developed l,S24,O0O tons
s.The underground developments VIII
be worked from two main shafts, eaeh
located on the line OF the Ray railroad
There are six other shaIts extending 70
the main level for ventilation. me
total underground workings amounts 10
44T53 feet including $500 dflIts,
6,140 raises ISIS shafts The sreatest
depth 20 hoist IS less than 500 feet. For
years the larger tonnage VIII come
from above the l7O level.
ssSeDteflber I there were $4,000 tons
of ore on the stock pile, and when the
u,FTT is will he NfN tons
on hand. All the mining done IS under
the 'caving system We have taken
out 100000 tons the past six months
and il IS ready for the mill.
Our smelter viii not be in operation
until the middle OF next year and IN
Ill then We have arranged Tor inc con
centrates 10 be handled at anothef
shelter The main building Tor the
concentration is practically completed
and we are getting along Weh win the
power plant.
are located on 1000 acres at Hayden
on the Arizona Eastern railroad, q
miles from the mines, and near ella
river. The buildings are OF steel feld
signed in eight sections, each with a
capacity of L 900 tons per day, total
F. capacity OF 5000 tons Each section Is
complete in itself The methods adopt
ed at the Utah and Nevada plants VIII
be used
Immense Horsepower.
The smelter VIII contain i0o-foot
reVeFberatOrV furnaces. The compressor
plant wiz consist of two electric driven
cOmpressOFs of 5000 cubic feet free air
per minute capacity. Power comes
from Hayden, 20 miles distant " ater
comes from Mineral creek. The power
plant viii have-a generating capacity
OF 10000 horsepower. Steam VIII be
supplied from fourteen 5OO-horsepower
boilers.
"The railroad equipment is now COM
ing in We have 100 cotton steel cars
coming, and viii require several nun
dred. Ii VIII consume the better part
of next year TO build the plant 10 max
imum capacity, giving employment 10
near 5000 men in mine, mill, power
house. railroad and smelter.
"With the plant working TO its fun
capacity. me production viii reach So
coo 600 pounds OF copper year, and II
is estimated that the cost per pound
viii not exceed nine cents.
over s2,OOOeO0 on Hand.
The RAY Consolidated financial sheet
FOR June placed among the assets the
following items. Property. S54s9,sOO;
cash on hand. S2,234,2S5; mine develop
ment, S517,3l0, railroad construction
s8l0,076: administration expenses, S516s-
5eI; plant construction, S4sl ,OOt- prop
erty additions, Ss60, 600. Among the
liabilities, Capital stock authorized.
$4,000. O00; unissued. sass. 500; bonds
00e, which includes sale of stock over
par; accounts payable. S29.23S.
ChIae L. Great, Too.
we also visited the Chino property
ia New Mexico" continued Mr.. lacking.
There We have demonstrated ore bod
les exceeding %. 00e, 600 tons. That does
not include certain extensive areas now
being proven by the drills, which Will
increase the tonnage 10 over 50.OO0.000
Chino is the most fortunately stu
ated OF an the so-called loW-grade cop
per properties. IL has a very large per
cent over IS OF developed tonnage
rfeh .aF he mined nv the phean steam
shovel process. the topography OF the
ground being a gentle slope, or level
The Chino ore averages as high as
any similar properties IN the country.
] do not know OF any ore deposits OF the
Chino grade more faVorably situated,
with more adVantag eous conditions
generally The mii.e is but nine miles
from the MILL with favorable transpor-
tatlOn facilities. making IS unnecessary
TO spend large amounts Tor freight or
railroad construction and operation. We
now have two steam shOVeis stripping,
and have three more coming BY the
middle OF next year We hope 10 start up
the plant, when enormous quantities OF
ore may be handled very economically
The foundations for the three see
tions of the Chino plant are pretty well
ccmpisted and every indication - that
the plant VIII be completed on sched-
-Four pumping stations viii supply
the water, and ten miles OF pipe lines
are being laid 10 the natural springs
acquiring this ample water supply.
which is invaluable In such an arid
land The altitude OF the main Chino
level is {, 500 feet At Bingham the main
level OF the Utah Copper company
steam shovel level Is within couple or
feet Of :. 1900. which Is an interesting CO.
incidence"
Hayden-StoRe ON Chino.
In their recent market letter, Hay
den-StOne say OF Chino.
The experimental mill was in commits
sion more than z year, and there Is the
utmost assurance for predicting net
value for this ore, on a f2A-cent metal
market. OF sl.75 ton. On this basis the
90 zoe 900 tons OF ore developed have
net value OF $50. zoe 000 or over $40 per
share. 10 be extracted.
such developments, IL seems 10 US,
should be sufficient answer 10 the in
1uiry that We are constantly receiving.
as 70 whether We do not think that
the advance in the stock has been over
paid.
III is true thar we offered Chino 70
cur clients year and third ago at 50
per share. today IL is selling al So,
four times what IL was then. but mean
time the developed ore has increased
tram 4-9naaeo tons to 2s.ooooeo- seven