The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-12-19
BIG MERGER HAS
TAKEN SOME FORM
Inspiration Consolidated IS a
New Company Just Formed
in the East.
MIAMI NOT INCLUDED
Henry Krumb ReviSes Report
on the Inspiration Mine
Copper Tonnage.
MIAMI NOT INCLUDED

over the Pollock wires Monday came
the information that the Inspiration
Consolidated company had been organ
izc1 With a Capitalization Of 100000. 600.
divided into shares with a par value Of
500 each with ths Information came
the estimate or the copper orc tonnage
of the Inspira tiou and Live Oak compa :
MICS, the former being over ao.o0o.ooo
tons ard oC the latter 1I,oonOpo tons
According To this IA iS taken Tor granted
that the Miami company Is not lncludtd
in the big consolidation deal.
The Inspiration capii aliza ton Is l.oop. :
600 shares OF stock. par value Slp eacn.
all fully issued. Tho Live OAK cspi'slII7s- spll7,,c
ton is 100. o0o shares Of stock. par value
go % which -, 500 shares are outsisud-
in= The details Of the merger Doubt
less VIII he available at any tnlc now
western shareholders being dcsirous. nat
Urally. ot securing accurat" dciailS as
soon as possible. Th" new COMPANY
doubtless VIII be under the control oi
the AmalCamated Copper interests. as
John - RYAN recently acquired the con-
troll al the Live oak. upon which nego-
Nations wcrc opened for the merger OF
this With tho Inspiration.
Report on Inspiration.
Consulting Engineer Harry Krumb OF
the Inspiration Copper company nas SUB
mittsd a revised report on tho property
estimating tho total reserves on Decem-
bcr 1, 1911. at 3o,302.S0o tons. averaging
OF approximately S50.0o0 tons since the
last estimate WAS made. and doubtless
VIII determine I'm part the merits 81 me
Inspiration for the Live Oak, Miami and
Inspiration consolidation.
II Is OF interest IN this connection TO
recall tho report of Engineer Krnnb
cember I. 1910. ITe said year ago:
The ore reserves have been divided
into two classes: namely, developed and
partially developed. Al developed orc
a.. IA liz Is., f.,a lrtn l1lf
dergTound workings not in excess Of 200
feet apart In areas not vet completely
drilled, wncre the holes were up 10 400
feet apart. The orc has been Classed IS
partially developed. but no ore has been
allowed where the drill holes were more
than 100 feet apart, nor has any orc been
drili holcs. In blocks where both drill
hoios and underground development eN-
istcd, values have beer averaged III pro-
portion TO tho lengths sampled.
I'p 10 October 20, ! estimate that there
aaNe been developed 1885 600 tons OF
ore, averaging 2.na per cent copper, and
5.G04. loo tons Of orc partially developed.
making the total developed and partially
developed orc reserves 1S.000.s00 tons.
averaging per cent copper.
Area Opened.
The total area developed and partially
developed Is 299 acres. This area Is en-
urcly on tho eastern portion OF the COM
p9nys property. and considerable sXtcn-
sions OF this orc body are practically as
surcd. Ia the Woodson tunnel on the
western portion OF tho company's prop
crty. there ARE several hundred thousand
tons OF ore developed. hut this orc has
not been included In the above calcula-
IONS OF orc reserves The indications
are that a large body will ire developed
In this portion OF the coRIpauys prop
ertN.
In an area east of the Joe Bush shaft
the Gaping Is only from nifty TO one
hundred feet thick and II may be posi-
BILE 10 mine tho ore in this area by opep-
cut methods. In other portions OF the
be adopted.