The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-12-16

T, this renort. as heretofore. VIC will
discuss the properties as shafts NOS !
and g. .
In our last report we had Just discov-
cred n cave from the No, workings,
and we anticipated that the walls oil inc
cave would probably represent tne & OuI-
lines OF an ore body ON lower levels. rms
has proved to be the case. and we nave
continued our development work on me
500 level under the cave the entire lene,n
and have driven crosscuts and stopped the
ore In different places sufficiently TO be
able 10 satisfy ourselves that we nave
discovered one OF the largest ore oodics
that has Yet been encountered ,,pIs on me me
east side of Godiva mountain. TINS ore
channel has hcen followed through ana
connected with the workings AT the, No.
shaft showing CONTINUOUS orc pody
one that will easily be worked. as there
are raises and sill sets in place nearly
tho entire distance. Doubtless most or
the shareholders have observed 'hat ms
Shippers in the Tintic district. and, as
YOU will note from cost statement sub
mittcd herewith. the expense OF mining
and development work Is probably tne
most economical in the district,
The ore reserves are we'll blocked out,
and II is d. source OF much satisfaction TO
NOTE that there is t-b splcnTid did ddnSn,nn dsH,ty
mcnt work from the No. shaft south
ON the 500 level has recently exposed
| orc in several new places and has also
|
property. and il has now passed into
what is known as Dragon Consolidated
ground The bulk OF the orc is silcious.
| but a number OF slopes are producing
! Considerable prospect work has been done
on the various levels, and VIC are hopeful
| that deep ore, bodies VIII be encountered.
| as indications from work done are en-
couraglng.
we have done 1914 feet of diamond
drill prosecuting on the 1000 level, which
but not Of a shipping grade. The drill
work has not been as satisfactory as We
had anticipated. and for that reason was
discontinued, In the future it VIII. nc nc
doubt. be the policy TO run drifts in
preference 10 drill work.
The drift run from the No. shaft on
the 600 level has been watched with con
siderable Interest @ as II was , driven rive unaG, Thi,
| drift has proved that the ores extend te
the 500 level. but the grade is not as
good as on the 500 level. and does not
appear to be as strong. but with The
showing made from this work It strength
ems the belief that there will be consid
erab ble ore between the 500 and 900 levels
taken from this drift,
| Ii is still our opinion that great dea
of the Iron Blossom ores should be milled
and we gre stiil hopeful that someone
understanding this business. thoroughly
pears to be splendid field. as there IL
scarcely a mine In the entire distric
that would not furnish a considera biz
tonnage OF milling ore. which II is no.
profitable 10 ship under existing smelling
rates.
We feel that the iron Blossom propert,
is In healthful and promising condition
and in our judgment will prove a profit
able Investment to the stockholders. 4
is our policy to continue to carry gooc
cash reserve and TO prosecute develop
ment work vigorously, yet economically
We feel IN a measure that we ar,
greatly favored in the Tintic dstrIc
through having a very desirable class o