The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-09-28
Expenditures.

The receipts from orc sale. sii6. ~,
have been $1,000 IN excess OF the mining
costs and the importance of such an
achievement during the first eighteen
months OF Chief Consolidated's develop
nlent is better apprecla ted when 1t is un-
dcrstood that a very large part Of the
essary in the mines development. such
as shaft sinking and cross ~cuttiug, while
the minority Was i'll the zone where pay
able ground was available.
The ore shipments. 1872 tons. yielding
s1l6.4l1. shows an average OF $3.50 per
ton. The balance on hand and receivable,
Si9,95e, is ample 10 carry on the opera
tions and pay for the new equipment now
being delivered at the property, but i'll
addition thereto the net earnings from
the September orc shipments are
pectsd TO approach close 10 $4,000. which
alone will be enough TO pay for the new
equipment. Tho largest net earnings for
any month heretofore WAS June, which
shows $4,000
Chef ConsoIidatcd's property comprises
approximately 400 acres and is entirely
paid for, without bonds or other ohliga-
tiouS except the current expenses. Chief
Consolidated has S1Q,010 shares outstand-
Ing and l2s,9So shares in the treasury.
It's property was purchased mostly
through the acquisition OF Little Chief
and Eureka City stock. All Of the Little
Chiefs stock has been acquired and the
affairs OF that company arc being wound
up while % per cent OF the Eureka City
stock has been acquired.
The shaft is boltomed al depth OF
1910 feet aud is in country rock. cross
cuts being drlyen at intervals of zoo feet
10 open up the ore. From each OF these
crosscUts main development drift is
driven longitudinally In the ore zone; then
at intervals. as frequently as seems de-
sirable, crosscuts from this main drift
will be extended across tho zone for de-
reiopmcnt purposes. The zone has a
width OF about 100 feet. IL can he read
fly seen that as these drifts are driven
and croSscuts are opened the increased
number OF working faces with ore pos
slbiliiies will multiply very rapidly, as
development progresses.
The principal development OF ore M 10
the present time has been at the 1900
foot level, and has been mainly con-
tlnua ton southwark of the discovery
made there last OCTOBER but about a
month ago at point 500 feet north OF
the first ore development at the 1900 foot
level new disclosure of ore was made
and stope had been opened there from
which Il small but exceedingly rich pro-
duction is being made.
Tho main drift on the 1900 foot level
is being pushed steadily southwark for
the purpose of opening up the orc chan
mel as already outlined, and il is passing
through ground that gives every promise
OF affordinG good disclosure Of ore when
Tho crosscuts are extended across the ore
zonc.
In addition 10 the work at tho 1900
foot level, the ore disclosure made there
last October is being developed by means
Of a sub-lcvel at 1925 feet: and another
sub-level at 1900 feet is following a vein
Of orc OF sufficient richness 10 pay for
the work and which has every indica-
tion OF leading into the same ore shoot
AS that OF the level above. At the 1900
foot level practically the same condi-
tions exist as at 1900. Just described
These four levels are the only places of
activity In the mine at present the ton
mage coming from them being all that
the hoistinG equipment is capable or
handling
The new hoisting engine is now being
unloadcd at the property and should be
ready for service within sixty days This
will Immediately multiply the present
hosting capacity four times, and in
creased activity underground may be ex-
pected to follow
The shaft is opened from surface down
10 the 900-foot level with only one hoist
ing compartment. but from that level to
the bottom II has two. As soon as II
is convenient the shaft will be enlarged
throughout 10 tho full size, providing II
with two hoistins compartments to sur
face, and this Improvement VIII again
double the hoisting capacity. making II
eight times greater than al present
The hoistlng engine has two six foot
drums ard duplex 20XiS-inch cylinders
The cages will be double deck and cap
able OF lifting two ions of rock at "A load.