The Evening standard. [volume] (Ogden City, Utah) 1910-1913, 1910-10-28
PROSPECTS FOR /.
TINTIC PROF ITS

The report that the present lead.
silver orc shipments from the Iron
Blossom property are earning suffi.
cIent for maintaining the dividend
rate. Is denied by w. Lester Mang-
mum, one OF the officials yesterday
from Provo. Mr. Mangum made it very
plain that until the Iron Blossom
management succeeds In finding a
market for the big tonnage OF silicIous
gold and silver ores OF the south shaft.
dividends will undoubtedly be sus-
pended.
While this is a matter for the Off
cials To determine, Mr.. Mangum en-
phasizes the policy or the directors
TO leave the treasury well provided
with development funds, and this pro
gram is not In line with the declara-
ton of quarterly dividends during a
period when no market exists for the
major portion OF the mines developed
resources He says that from ton.
mage standpoint, there never has been
a property OF tho Knight Interests
with more ore demonstrated Gnfor-
Junately, however. II is not the famous
silver-lead carbonates from which the
Colorado Mining and the Iron Bios
som have wrung their past liberal
earnings. Various tests are now be-
Ing made by mill experts on these ST.
licious ores. and If II is found that
they are within the cyanidatlon pro
ces5 of treatment, the plan OF mill To-
stallatIon will likely be carried out.
The annual meeting OF the Colorado
Mining stockholders Will be held on
har of MF
SAYS that the officials arc extremely
anxious that large representation
be present At this session. the H.
nancial condition of the company. and
the physical condition OF the mine will
be entered into, fully, and a report
made to stockholders as quickly as
possible thereafter The Colorado
company naturally Is reaching the
point where some shifting OF the diyl-
dend program will be necessary. The
known ores are being depleted, while
no new resources as yet have been
brought to light.
Mr.. Mangum states that the several
Knight mining companies hereafter
Will adopt the policy Of Issuing com
plete annual reports, at least, all the
companies actively developing their
respective properties This ls an Item
of policy that will be highly accept
able TO all stockholders. When asked
about the conditions underground, Dir
Mangum said:
The Colorado has struck some good
rock in the drift running south toward
the Sioux line The drift Is east OF
the body opened In the Sioux, so ne
believe we are on the eastern edge oil
the ore body proper. Last Mouday
the Iron Blossom, on the coo level OF
the No ! shaft. broke into full iae3
of copper ore, the face average Of
which was per cent copper, While
streaks assayed as high as 40 per cent
Considerable lime since then has e0t
cred the face and the management 70
not yet in a position to gauge the IL
portance of this development Ire
formation in the south shaft, at the
LOO level, has softened up consider
ably There is a full face OF blue
quartz, with streaks and spots OF lio9
through IT.
The Black Jack, on the 1000 Level
continues TO drift north and south %
the fissure. after the Oporongo o1s'
and there are twelve feet of good looE
ing vein matter 80 far. The crow
Point is sinking its shaft"