The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-31
Development Work.


Combination miuc--On the third level.
a bout 300 feet north OF the shaft some
orc OF a very Sood grade has been found,
which is prohab bly, the downward cNten-
sion OF the 1876 ore body on the second
level.
Mohaw; mne-Thc IsG and 155 drifts
on the l5O-foot level were extended 100
feet and produced 100 tons OF ore worth
$50 per ton.
The S54 sill was extended on the hang.
ing wall side and produced 2io tons OF
ore worth s5S per ton.
The iao intermediate, sixty feet be-
low the $50 level, produced l6l tons OF
orc that averaged $50 per ION. This ore
body is probably the downward cNten-
sion OF the north end OF the 3of ore
body.
The 400 was extended about fifty feet
and produced $50 tons Of $13 orc.
Clermont mine-The 40s sill was ex-
tended along the il$ intermediate and
produced 1916 tons OF ore that averaged
S53 per Ton. The 306 y. on the 500 level,
mentioned i'm last months report the
probable downward extension of tho 36f
orc body, has been considerably extend
cd and has produced so tons OF Sl2 ore
Jaguna mne-rhe 3O3 II, raise from
the e0O-foot north drift Of the Clermont
has produced i22 tons OF $50 ore. The
extension OF the 3O3 +. ore body, pro-
duced 377 tons OF Sl2 ore.
The Jumbo has produced S65 tons OF
ore that averaged S1f per ton. The IN
dlCaDOnS are lll3t 10lS Hllnc VIII pro-
duce large tonnage Of about SIS ore.
The mines, a whole, are looking
exceptionally well. Yours very truly,
]. +. THORN.
General Superintendent.
Results at Depth.
Little is said I'm the reports as yet
regarding the results OF development in
new ground and on the deepest levels.
although IL is known that orc bodies of
excellent value and good dimensions have
been exposed on the 1000-foot level of
the Clcrmont the 1200-foot level OF the
Grizzly Bear and in the intermediate
drift 100 feet on the dip or the vein be-
low the 1000 Cermout level 1t has
been and remains the policy Of the com
pany management TO avoid any preua-
turc announcements Of the value OF new
discoveries and 10 include in its reports
of ore exposed only that which has been
blocked out or from which actual pro,
ducton has been made. As explained
in tho annual reports OF the manager.
the deposits In these mines arc of such
an crratic character, in point of value,
that constant sampling is necessary i'm
order to make even an approximate csti-
mate OF the value of ore bodies which, In
a more consistent geological formation.
might be considered as actually blocked
out and might be appra lsed accordingly.
AS usual. the amount OF net profits
and production shown In the final report
exceeds that indicated by the preliminary
estimates. given out early In the month.
The net earnings OF the company in
June and July were slightly below the
dividend requirements for the period at
the csta blished rate Of so cents per
share quarterly. but the company. after
the payment OF the last dividend on July
81, had It's largest post dividend cash
balance. amounting to approximately ST.
$50, 200 and the production OF any con-
secuiiye three months since dividend
payments began has exceeded the
amount required for these disbursements.
whllo there Is evidence that August will
be banner month In point OF bullion
production. In July tho mill treated an
average OF 9il tons daily and at times
has treated more than $50 tons daily
for a month,