The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-09-20
WALKERS VIEW ON
THE UTAH CON. MINE
Says Noted Old Producer
Should Return to the
Dividend List.
PERIOD IS NOT FAR OFF
Despite Past Record, Mine
Still Among the Great
Producers.


mined and close. contest at the last Utah
Consolidated annual meeting for the
presidency Of the organization, has sub
mitted in his copper letter his tmprcs-
siona Of this well known old Bingham
producer as result OF his recent eN-
animation OF the property. In part he
says:
To summarize the situation at Utah
Consolidated: orc reserves will be nearly
doubled this year. by reason OF the en-
tensivc development work at depth IN tne
copper area. and higher up and lurtncr
west In the lead section OF the properly
production will be relatively small. due
10 the fact that the new mine manage
ment has not shipped ton OF ore that
was not rich enough 10 Weld proh,;
mining costs per ton Will be high, as all
OF the new development and construction
will be charged as direct operating c%-
pense against the relatively small ton
mage extracted: but in spite OF all TINS,
Utah Consolidated's net profits for l9ll
will be four or five times greater after
expenses of every kind have been met,
than they were IN 1910 Tho property, IN
fact, Is again making q splendld reGpru, i,I
and the company should be in q positlon
10 resume dividends not later tnan thrcc
TO six months hence.
Four New Levels.
Four new levels. the Sth TO the 11th in
elusive, have been developed below the
old working tunnel In the copper section
OF the mine This has carried tho open
ings far below the point where two west
ern mining men and the publisher of an
eastern financial sheet have claimed tho
Highland Boy limestone was cut Oft by
a fault, The workings arc still In the
limestone. however, and there is every
prospect that 1t will continue to 80
down persistently TO very great depth
Copper ore bodies have been opened UP
with about the same frequency in the
deep development work that they were on
and above the 18th level With one cN-
ccption however. they are OF slightly low
will contain 10000 tons or more, has
been cut and partially developed on the
10th level that averages only a shade
less than 6 per cent copper and carries
good gold and silver values. This de-
posit is equal in grade to the best OF
the orc bodies mined ycars ago from the
upper levels, during the period Of the
company's greatest prosperity. II is high
~ important in that II demonstrates The
possibility OF very rich ore occurrences
far below the secondary enrichment zone.
The values In this ore are In chalcopY-
rite. which is quite generally conceded TO
be the primary copper mineral.
Value of New Ores.
Four or five larger bodies OF copper
ore. two OF them very big. are being
opened in the deep workings. also. They
carry from p per cent down TO 10 per
cent copper S1,l5 10 $3.50 gold and silver
and an excess of iron and lime. Prac-
tically all of this ore will yield n fair 20
a good profit with copper at Its present
iramined to the smcl,cr. after the heavy
construction expenditures are eliminated.
at Il cost OF sl.50 ton, and possibly
less Some Of II carries nearly enough
iron and lime 10 pay smelling charges
Aside from the slight tendency of the
copper orc to decrease in grade with
depth. there is only one other condition
in the deep workings that can be con-
oil F1, ,-fy lhl 10 md
important this is will have 10 be deter
mined by future development work, In
the Highland Euy limestone, extending
parallel TO its strike, is n porphyry dixie
ten 70 forty-nvc feet thick. IFS apex was
found al about the 9TH or 6th level. where
ii was very near The hanging wall or top
Of the limestone, In the upper levels
there was so little lime above this por-
phyry that it was explored slightly In only
FIVE or six places, but all the copper orc
mined so far has come from the lime
deep developments indicate ;hat this dixie
is gradually getting nearer the foot wall
OF the lime as greater depth is attained,
On thc 1lth level. however, there Is still
about sixty feet width OF limestone be-
low IT. Now that there is more OF tho
lime above the dixie, this upper area
VIII be given more attention, and II ore
he found-snd there Is TO good reason TO
toward the. foot wall will have no unfa-
Norablc Importance whatever,
This dixie does not follow the High
land Roy limestone through tho whole
Utah Consolidated property and probably
had no influence on the lead ores which
are being developed 10 the north and
west The biz faults that make the ore
bodies i'm the Bingham & New Haven To
tho south and under the porphyry In the
Utah Consolidated cut this uorphyry and
go on 10 the north, making ore in the
Gnmpa and Utah Apex properties. IL
would seem unreasonable To suppose.
therefore. that they failed 10 leave any
orc I'm the limestone above the dixie in
the T:sh Consolidated. ! think the rca-
son none has been found there is due
wholly 20 lack of development work. II
Is my desire 10 be fair, however. and de-
scribe with tho favorable condi tons. cV-
crvthing the; nay possibly prove to be
otherwise.
Future Considerations.
or course, tho copper ore area OF tho
Etan Consoii lated property Is not rs big
or as valuable as If was when operations
began. j. has yielded approximately $40,
0.00C in profits already. ana iuis means
just much less than was thcre orig
nsliy In my opinion, however. several
million dollars more OF profits will bc
taken out OF its copper deposits. tho
amount depending upon developments AT
depth. tho price ~ copper the mine man
aEenent and III" administration n( Tho
companvs business affairs. particularly
its relations with tho smelling company
that has the contract to treat its ores.