The Evening standard. [volume] (Ogden City, Utah) 1910-1913, 1910-11-02
s4a,224.oo 2o2. 100000
] ss2l7s12l s1.7S8,O61.72

Total -. SS24,7 s1,7S3, ,061.72 |
Attention is directed to the fact
that the figures for September are ap, |
proximatcd. for the reason that final
settlement for some OF the ore and bull
lion in transit and at smelterS and
mint Ia not yet completed The re-
port states that on September 80.
1900, the company's cash balance ag-
gregated 50 ,55S, $1,000. and on October
81, after the disbursement OF divi-
dend No 3, the cash balance will be
approximately 81. 600. Tho COM
pany's 100-stamp mill IS again operat-
Ing at It's full capacity OF over $50
tons daily, and offecting Its usual high
recovery of gold
During the past two weeks the re-
suits of development on the lOOOtoot
level of the Clermont mine have again
assumed bonanza proportions, and the
vein. which for a time appeared to be
showing q depreciation In value as
the drift progressed south. is now
making a showing equal or superior
10 that at the point where it was hrst
opened in these workings The drltt
has now progressed Tor some 40 feet
in ore averaging around $50 per ton
and containing quantities OF ore run
ming $500 and $500 per ton, and at
one, point this ore has q width OF twen-
ty feet. The relation Of this ore shoot
to that which was nrSt discovered
on the 1000-foot level farther To the
north an deast has not yet been de-
iermned. but apparently the more re-
Gently disclosed ore snoot is down
ward continuation OF the great Mo-
hawk shoot. IN which slopes Of sigan,
tic proportions have been opened near
the eastern corner OF the Mohawk
claim. yielding millions of dollars
worth OF high-grade ore.
The latter theory is supported by
the character OF the ore In the new
vein. which more nearly resembles
that of the upper Mohawk levels. par
tIcularly that of the FAMOUS "103"
slopes. than the general run of the
Clermont product The late discovery
is nothing short o, colossal. The
management OF the Consolidated re-
| CARDS this as one OF the most import
ant developments in the history OF
| the property. The same vein has been
penetrated on this level ut another
point farther north, but development
here is not sufficiently advanced TO
determine the extent OF the deposit
or its identity as part OF the same
| shoot
A 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, car
rylng but very little antimony. cop
| per and bismuth, and much of the gold
| being comparatively free, rendering
the ore particularly desirable for mill
! ng The h'Gh-grade ore In these de-
posts can be shipped to smelters for
/ treatment to almost or fully as good
| advantage as concentrates. although
the latter product IS treated and re.
duced to bullion by the company in Its
refinery and by process invented and
perfected by J. ", Hutchinson. super
intendent OF the mill
In other parts OF the Consolidated
companys mines development con
! tinues to add to the ore reserves
| which are constantly maintained in
advance Of production The largest
| tonnage still comes from the Mohawk,
closely followed by the Clermont, and
milling ore Is now being taken from
the new workings of the Laeuna, from
which shaft the Red Top vein Is be-
ing proSpected and developed on the
! 600-foot level All new construction
is rapidly nearing completion. and
within a short time this expense viii
be eliminated, numerous important
! economies will be i'm effect and the
companys earnings VIII be correspond
inGly enhanced