The Evening standard. [volume] (Ogden City, Utah) 1910-1913, 1910-11-21

horsepower electric hoist. The deep
est work in the Red Top vein from
the main Red Top shaft has been at
less than 400 feet. a lateral was drlv-
en- some time ago from the Clermont
workings on the 600-foot level Gin
this direction and a large body OF ex-
cellent ore was exposed in the Red
Top vein near the Jaguna 1t was
for the purpose of developing this vein
and holsting ore from this deposit
that the Laguna shaft was further
sunk to the 600-foot level. and 1t VIII
probably be extended later TO much
greater depth, as there Is no sign OF
the ore disappearing on this level
The average gold content OF all
ore mined in October. according to
the report Of Manager j. r. Finlay,
was 2.01 ounces per ton. and the to-
tai value is given at Si194 per ton.
the net profit being S277l per ton.
OF the value contained in the ore,
92.12 per cent was extracted by the
companys mill. Tests indicate that
about S251 per ton was lost in tall
ings, but for the character OF ore the
net recovery Is highly satisfactory.
Administrative and general expenses
are averaging around $4,000 month
ly and In October the company paid
the sum OF $4,000 for bullion tax
| and marketing highgrade ore, $2i.000.
transportation. $4,000; milling and cy-
, anlding, s62S50, marketing concen'
trate Tesidues. sl3.380, and new con-
struction, 100000: total costs amount
| ing 10 $l1.27 per ton.
II Will he understood that this prop
| erty consists of FIVE mines in one,
the workings of all being connected
at some point, and there are upwards
| of forty miles of underground work
| ings on the properties Manager Fin
| lay states that the appearance OF the
| mine throughout Is exceedingly good
! and that the amount of advance in
| the new headings in October was
} 4.019 feet the ore taken from the new
work in the Combination and Cler-
mont. respectively aggrcgating 2t5
| and 5.2S ounces gold per ton The
total development done by the COM
| pany for tho fiscal year ending with
October was 4l.93S feet, not includ-
| ing that done by leSseeS. Within this
} period the total OF dry tons mined
was 26G,S67 tons so that the develop
( meDt has averaged one foot for every
6 13 tons mined.
Some other new ore was discover
ed IN the course Of stopping" says the
report, "but not on main levels. Tho
| discovery in the Combination is prob
ably far more important than the
figures would indicate, for its points
to an ore BODY lying parallel to the
Hampton stope The ore body dis.
covered recently on the 1000-foot level
OF the Clermont is only partially de.
| vcloped 1t appears to be large, OF
| good grade and of good milling quail
tiles
1T will be noted that expenses are
this month. largely on account OF
construction, of which large amount
has been going on since April Here.
tofore arbitrary amoUnts Of these ex-
| penses have been charged off each
month with a view OF getting rid of
the whole account by the end of the
fiscal year. but no exact estimate was
made With the end of the
construction campaign so nearly
| in sight as 1t is now. q more ac-
curate estimate is possible. In view
OF the large earnings for October, II
seems best TO write off the whole
balance which we place at about
| $4,000. There will remain some pay
:nentS, perhaps to the extent of $40,
600. to complete all undertakings. bur
these bills will not he paid foT some
! time and cannot properly be charged
| to this fiscal year.
| Since this report was prepared 1t is
stated upon good authority that a con.
| tlnued Improvement In the appearance
! OF new workings and results of de.
! velopment on the deepest levels has
taken place. The ore body exposed
on the l00-foot level of the Cletmont
! Is OF large proportions and contains
/ quantities of high-grade of the charac.
ter lately shipped 10 the s:nclters An
! important feature OF this discovery is
| the quality of the orc. which is
| found to be particularly desirable for
! milling, containing less of minerals,
which would render 1t refractory than
much of the product from other parts
OF the mines Ore taken from the
upper levels of the Combination dur
! ing the past few months has been
OF excellent grade and recent results
OF development at depth in this mine
are of the first Importance. indicating
that this is one OF the best OF the
groups embraced in Consolidated ter.
ritoTy.
The recently enlarged shaft OF the
Florence GoldGeld company is now be.
ing sunk with the aid of machine
drills. starting from its former depth
OF 5@0 feet, and vii eventually be sent
TO the l00-foot level Stations eouip-
ped with large ore bins and skip pock.
els, VIII be Installed at frequent IN.
teVals and within short time later.
ais Will be extended from the shaft
TO explore several ore shoots which
have yielded a large production on
upped levels. This promises new
era OF production from the Florence
which has been treating orc of com.
paratiVely low grade for many months
uurihS the time in which the old
tease workings were being denuded
oil all paying material. in order that
they might later be back-fllled with
waste and abandoned, thus ellminat,
ing the expense OF maintaining cost
ly timbering.
"lth daily production and treat.
Ihent OF 30 tons of good milling ore
the combination Fraction is now max.
ing casicfactoTy profit for the scale
Oh operations and despite the heavy
eNpence under which the company
mas been for a long time for develop.
ineht mill repairs and the instala.
t'on OF an adequate water supply sys-
TEN, Its treasury is In good condition
and 1T gives good promise of again
entering the list of dividend paying
mines in the early part of next wear.
me leased 20-stamp mill Is making
a good and econimical recovery of