Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-12-06
REPORT IS ISSUED
70 STOCKHOLDERS
Iron Blossom IN Annual Statement
Shows Progress OF CnmpinS and
Gives Treasury Reserve.

Tho report of the Iron Blossom winch
was rendered at tho annual meeting is
being prepared for distribution to
stockholders. Extracts from it give the
policy Of the management and the
financial condition., as well as the
amount of development.
SHAFT NO. j.
The original policy Of exploring for
deep mine at this point has been adj
hnred TO. In October. nj Il depth Of 1900
feet a flow Of water was encountered
and further sinking abandoned. pending
the exploration OF the Levels above the
water zone.
The ore reserves in these workings
are Very promising. and we do not hes
itate In saying at no time has there
been as much ore IN sight In any Of tho
east side mines as is here exposed.
There are three distinct classes of ore
in these workings. namely. siicious,
lcad.silver and copper.
Tho largest bodies of orc developed
arc the dry or silicious ores. which are
located north and soutl, of tie shaft on
the 500-foot level. Raises have bc.,n
made in this ore for more than q hum
died feet. and the orc has proved to
''''Nt a. W jl'ti b W iNt1t'
These workings are now In excellent
shape for shipping Il large tonnage OF
this ore II q suitahle smelling contract
could be- secured. Through drifts north
ana south Of the shaft on the 5G0-f foot
level, this ore has been continuously
followed for Il distance OF i,500 feet,
aud We are practically certainsi 1T will
continue through the entire length OF
the property. a line drawn from tho
north end OF thc.drift from these work
ings to the middle Of the big lead stopc
in the No. ; workings passes through
the middle. and from end to end OF Il
big cave that recently has been dis
cred from the No. shaft.
Tho lead silver ore has been encoun-
tered through Wine sunk AZ feet
from the north drift OH the 600-foot
level, and II drift is now being pushed
on the 600-foot level to further develop
this strike.
The copper ore is being extracted
through n Wine et.south on the 800.
foot level which is about 80 feet deep. A
drift Is also being driven on the S0o-foot
level to get under these copper ores.
The ore extraction, metal contents and
values for the year are as follows:
Ore shipments: Dry weight. 15,o74, 494
tons. .F
Metal contents: Gold. 3.09o7s ounces.
average per ton ,2641 ounce; silver. 4I4.-
i2i.41 ounces, average per ton 2T.5l17
ounces; lead. 1851 pounds tsee note):g
copper, 21.660 pounds (sec note)
Note--1llc average metal contents per
ton of lead and copper arc not given as
the sillcious ores contain none OF these
metals.
Values: Gross, SEQ. 7o4.77. or slsAl,2
per tom freight, samping and treat
ment. SHo,6ls.62. or So 2so per ton: net,
sl52. 0S6.15. or si00S90 per ton.
The average cost for mining this ore
is s6.063l per moist ton, which, how
ever. includes the following develops.
Incnt and prospecting: Shaft, 600 feet;
drifts, 2.107.50 feet: crosseuts. s24 feet;
raises, $40 feet. and wines, so feet.
SHAFT. NO. ..
The ore production from these work
iligs is as follows:
4 Ore shipments: Moist5weight. % .0s2, 10
tons: dry weight. 2O,S5S,46l tons,
Metal contcnts: Gold. 3.996.95 ounces,
average per ton, 1909 ounce: silver.
I26. 6236l ounces. average per ton 34.-
SIG ounces; lead. 6.506.i1d pounds. aver
age 15.b96 percent, u
Values: Gross, S6l6,S1.6i.. or S29.b742
per ton: freight, sanplinS and treat
ment, s2+9, 4O4.56$or si1.a5IO per ton; net,
The average cost per moist ton for
mining this ore. including prospecting
and development. is S3.TlSl, The cost
rer ton here Is much lower than in No
y. because much more prospecting and
development have been carried on from.
the deeper shnft to the south
The following fnotasc MAS made dur.
Ing the year. Shaft, los feet: drift,
a.295.S feet: crosscuts. 446 feet; raises,
$3.50 feet, and wnzes. 10 feet.
About 500 feet south of the shaft we
recently encountered 81 mammoth cave
having a length of 36O feet and an nv
erage width of so fret. This, however,
has not been developed to any great
extent, but sufficient work has been
done TO Justify the belief that there is
considerable orc in this cave IF the
outline of the cave indicates the length
aud width OF the ore body, az was the
ease In the Colorado mine. it will b.
The largest. body Of lead ore yet dis
covered in the Iron Blossom mine. In
order TO develop this cave We are now
driving a drift on the 500-ft. level, which
will soon reach the locality of the cave,
aud should demonstrates in part what
the possibilities arc at this point. The
dip of this cave to the north indicates
7 that we may. have deeper ores in these
workings still further north than have
yet been discovered, as we may have
passed over them III driving south
through barren ground
The handling of ailcious ore IL a
question to which We have given consid-
CRADLE attention. We consderthe smclt.
ing charge on this orc far too high and
are now making tests With II Wow of
building n cyanide mil. which shouli
make /, splendid saving to the company
over smelling charges. Thus far the